Last $36.93 USD
Change Today -1.62 / -4.20%
Volume 65.4K
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

marcus & millichap inc (MMI) Key Developments

Marcus & Millichap Launches IPA-Retail Division

Marcus & Millichap announced the expansion of its Institutional Property Advisors (IPA) division into the retail sector. IPA specializes in providing real estate investment advisory, brokerage and capitals markets services to institutional and major private investors through highly experienced brokerage teams across the country.

Marcus & Millichap, Inc. Presents at The Second Annual New York Winter Apartment Summit, Nov-25-2014 10:30 AM

Marcus & Millichap, Inc. Presents at The Second Annual New York Winter Apartment Summit, Nov-25-2014 10:30 AM. Venue: McGraw Hill Conference Center in Midtown Manhattan, 1221 6th Ave., 2nd Floor, New York, NY 10020-1095, United States. Speakers: Derek Bestreich.

Marcus & Millichap Names Peter Deltondo as an Associate Vice President Investments

Marcus & Millichap has named Peter Deltondo as an associate vice president investments. Most recently, Deltondo was a senior associate of the firm. This achievement represents Peter s success in developing strong client relationships with investors all over the country, many of which are major corporations.

Marcus & Millichap, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Revenue Guidance for the Full Year of 2014

Marcus & Millichap, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, total revenues were $150.9 million, compared to $112.0 million for the same period in the prior year, an increase of $38.9 million, or 34.8%. The increase in total revenues is primarily a result of increases in revenues from real estate brokerage commissions which increased to $140.2 million for the three months ended September 30, 2014 from $101.8 million for the same period in the prior year, an increase of $38.5 million or 37.8%. This increase was primarily driven by both an increase in the number of investment sales transactions, as well as an increase in the average commission size, partially offset by a slight decrease in average commission rates during the three months ended September 30, 2014 as compared to the same period in the prior year. Net income was $13.5 million or $0.35 per basic and diluted share compared to $7.3 million for the same period in the prior year. Adjusted EBITDA was $25.6 million compared to $15.7 million for the same period in the prior year. Income before provision for income taxes was $23,016,000 against $12,872,000 for the same period in the last year. For the nine months, the company reported total revenues of $399.7 million an increase of $113.0 million, or 39.4%, compared to $286.8 million for the same period in the prior year. The company reported net income of $33.1 million compared with $16.9 million for the same period in the prior year. Adjusted EBITDA was $63.1 million, which represents an increase of $26.3 million, or 71.6%, as compared to $36.8 million for the same period in the prior year. Income before provision for income taxes was $56,268,000 against $29,947,000 for the same period in the last year. The company provided revenue guidance for the full year of 2014. The company typically experience strong transaction activity and resulting revenue increases in the fourth quarter, the company believes that it is well positioned for a solid finish to 2014.

Marcus & Millichap, Inc. to Report Q3, 2014 Results on Nov 06, 2014

Marcus & Millichap, Inc. announced that they will report Q3, 2014 results After-Market on Nov 06, 2014

 

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