Marcus & Millichap (MMI) Misses Q1 EPS by 38c
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Marcus & Millichap, Inc. Reports Results for First Quarter 2023
May 5, 2023 8:00 AM EDTCALABASAS, Calif.--(BUSINESS WIRE)-- Marcus & Millichap, Inc. (the Company, Marcus & Millichap, MMI) (NYSE: MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services, today reported its first quarter results.
First Quarter 2023 Highlights Compared to First Quarter 2022
Total revenue of $154.8 million decreased 51.5%, a tough comparable to a record first quarter 2022 where revenue was up 73.6% compared to first quarter 2021 Brokerage commissions of $135.0 million, decreased 52.9% compared to first quarter 2022, which was up 76.2% compared to first quarter 2021 Private Client... More