Marcus & Millichap, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 16, 2024 at 06:08 am EST
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Marcus & Millichap, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 166.24 million compared to USD 262.45 million a year ago. Net loss was USD 10.23 million compared to net income of USD 7.91 million a year ago. Basic loss per share from continuing operations was USD 0.27 compared to basic earnings per share from continuing operations of USD 0.2 a year ago. Diluted loss per share from continuing operations was USD 0.27 compared to diluted earnings per share from continuing operations of USD 0.2 a year ago.
For the full year, revenue was USD 645.93 million compared to USD 1,301.71 million a year ago. Net loss was USD 34.04 million compared to net income of USD 104.23 million a year ago. Basic loss per share from continuing operations was USD 0.88 compared to basic earnings per share from continuing operations of USD 2.61 a year ago. Diluted loss per share from continuing operations was USD 0.88 compared to diluted earnings per share from continuing operations of USD 2.59 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. 
