Marcus & Millichap, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 03, 2023 at 06:31 am EDT
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Marcus & Millichap, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 162.03 million compared to USD 323.84 million a year ago. Net loss was USD 9.24 million compared to net income of USD 21.36 million a year ago. Basic loss per share from continuing operations was USD 0.24 compared to basic earnings per share from continuing operations of USD 0.53 a year ago. Diluted loss per share from continuing operations was USD 0.24 compared to diluted earnings per share from continuing operations of USD 0.53 a year ago.
For the nine months, revenue was USD 479.68 million compared to USD 1,039.26 million a year ago. Net loss was USD 23.8 million compared to net income of USD 96.31 million a year ago. Basic loss per share from continuing operations was USD 0.61 compared to basic earnings per share from continuing operations of USD 2.4 a year ago. Diluted loss per share from continuing operations was USD 0.61 compared to diluted earnings per share from continuing operations of USD 2.39 a year ago.
Marcus & Millichap, Inc. is a brokerage company. The Company is specialized in commercial real estate investment sales, financing services, research, and advisory services. The Company also offers market research, consulting, and advisory services to its clients. The Company offers services to its clients by underwriting, marketing, selling, and financing commercial real estate properties in a manner that maximizes value for sellers, provides buyers with a diverse inventory of commercial properties, and secures competitive financing from lenders for borrowers. The Company divides its commercial real estate into four market segments: properties, private client market, middle market, and larger transaction market. The Company serves clients with one property, multiple properties, and large investment portfolios. The Companyâs investment brokerage and financing professionals serve private clients within the private client market segment.
MARCUS & MILLICHAP, INC. 
