-0.05%
-0.26%
0.85%
-3.66%
0.18%
-18.48%
7.80%
AI Spotlight on MMI
Company Description
Marcus & Millichap, Inc., an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada.The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing.It also operates as a financial intermediary that provides commercial real estate capital markets solutions, including senior debt, mezzanine debt, joint venture, and preferred equity, as well as loan sales and consultative/due diligence services to commercial real estate owners, developers, investors, and capital providers.
In addition, the company provides various ancillary services, including research, advisory, and consulting services to developers, lenders, owners, real estate investment trusts, high net worth individuals, pension fund advisors, and other institutions.Marcus & Millichap, Inc.was founded in 1971 and is headquartered in Calabasas, California.
Market Data
| Last Price | 38.16 |
| Change Percentage | -0.05% |
| Open | 38.27 |
| Previous Close | 38.18 |
| Market Cap ( Millions) | 1482 |
| Volume | 95357 |
| Year High | 42.8 |
| Year Low | 29.93 |
| M A 50 | 38.86 |
| M A 200 | 36.6 |
Financial Ratios
| FCF Yield | -1.91% |
| Dividend Yield | 1.31% |
| ROE | -4.95% |
| Debt / Equity | 13.73% |
| Net Debt / EBIDTA | 241.93% |
| Price To Book | 2.39 |
| Price Earnings Ratio | -47.33 |
| Price To FCF | -52.38 |
| Price To sales | 2.38 |
| EV / EBITDA | -38.37 |
News
- Jan -30 - Marcus & Millichap Capital Corporation Arranges $89.6 Million Construction Financing for Two Minnesota Multifamily Projects
- Jan -28 - Marcus & Millichap's IPA Capital Markets Secures $79 Million Construction Loan for Transformation of Iconic San Antonio Landmark
- Jan -25 - Marcus & Millichap Brings New Chief Information Officer on Board
- Jan -07 - $174 Million Acquisition Financing and Joint Venture Equity for New Jersey Multifamily Asset Arranged by Marcus & Millichap's IPA Capital Markets
- Dec -31 - $116 Million Multifamily Asset Sale in Central California Coast Region Brokered by Marcus & Millichap's Institutional Property Advisors
- Dec -24 - Marcus & Millichap Closes $94.5 Million Multifamily Portfolio Sale in New York City
- Dec -24 - Marcus & Millichap Closes 31 Property Net Lease Portfolio for $88.5 Million
- Dec -20 - Storage Post Self Storage Acquires Two Properties in Chicago Through Marcus & Millichap
- Dec -19 - Marcus & Millichap's Institutional Property Advisors Brokers $203 Million Sale and Arranges $127.8 Million Financing for Silicon Valley Multifamily Asset
- Dec -10 - Probe Gold And Midland Report Positive MMI Soil Sampling Results on the La Peltrie Cu-Au-Ag-Mo Mineralized System, Detour Quebec
- Dec -03 - Richard Bird Joins Graystone Brokerage as Executive Vice President
- Nov -21 - Marcus & Millichap's Institutional Property Advisors Brokers Three Multifamily Property Sales in Tacoma for $102.6 Million
- Nov -20 - Marcus & Millichap Expands Commercial Property Auction Services with Ian Grusd
- Nov -08 - Marcus & Millichap, Inc. (MMI) Q3 2024 Earnings Call Transcript
- Oct -28 - Morgan Stanley Wins Two 2024 Money Management Institute (MMI)/Barron's Industry Awards
- Oct -25 - Marcus & Millichap's IPA Capital Markets Arranges $110 Million in Agency Financing and Joint Venture Partnership for Connecticut Multifamily Acquisition
- Oct -21 - Marcus & Millichap Closes $101 Million 11-Property Hospitality Portfolio Sale
- Oct -16 - Institutional Property Advisors Brokers $92.5 Million Multifamily Sale in L.A.'s NoHo Arts District
- Oct -15 - Wealth Managers Call on Asset Managers to Bolster Product Specialist Talent, New MMI-Broadridge Survey Reveals
- Oct -02 - Marcus & Millichap CEO says the damage to the office market has already been done
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Real Estate Brokerage Commissions
Expected Growth : 4.83 %
What the company do ?
Real Estate Brokerage Commissions from Marcus & Millichap, Inc. refer to fees earned by the company for facilitating commercial property transactions, typically ranging from 4-6% of the sale price.
Why we expect these perspectives ?
Marcus & Millichap's 4.83% growth in Real Estate Brokerage Commissions is driven by increasing commercial property transactions, rising property values, and a strong economy. Additionally, the company's expansion into new markets, strategic acquisitions, and investments in technology have enhanced its market share and revenue growth.
Segment n°2 -> Financing Fees
Expected Growth : 8.27 %
What the company do ?
Financing Fees from Marcus & Millichap, Inc. refer to the costs associated with originating and servicing commercial real estate loans, including underwriting, processing, and closing fees.
Why we expect these perspectives ?
Marcus & Millichap's 8.27% growth in Financing Fees is driven by increasing commercial property transactions, expansion of debt and equity financing services, and strategic partnerships. Additionally, the company's diversified client base, experienced financing professionals, and proprietary technology platform contribute to its growth momentum.
Segment n°3 -> Other
Expected Growth : 4.83 %
What the company do ?
The 'Other' segment from Marcus & Millichap, Inc. refers to non-brokerage services, including financing, research, and advisory services.
Why we expect these perspectives ?
Marcus & Millichap's 4.83% growth is driven by increasing demand for commercial real estate services, expansion into new markets, and strategic acquisitions. The company's diversified revenue streams, including brokerage, financing, and investment sales, contribute to its growth. Additionally, the company's strong brand reputation and experienced professionals enable it to capitalize on market opportunities.
Marcus & Millichap, Inc. Products
| Product Range | What is it ? |
|---|---|
| Investment Sales | Marcus & Millichap provides investment sales services for commercial properties, including office buildings, retail centers, apartments, and industrial facilities. |
| Financing | The company offers financing services, including debt and equity placement, for commercial property owners and investors. |
| Research and Advisory | Marcus & Millichap provides research and advisory services, including market analysis and valuation services, to help clients make informed investment decisions. |
| Property Management | The company offers property management services, including leasing, accounting, and maintenance, for commercial properties. |
| Auction Services | Marcus & Millichap provides auction services for commercial properties, allowing buyers to bid on properties in a competitive process. |
Marcus & Millichap, Inc.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for Marcus & Millichap, Inc. is medium due to the presence of alternative commercial real estate investment options, but the company's strong brand and reputation help to mitigate this threat.
Bargaining Power Of Customers
The bargaining power of customers is low for Marcus & Millichap, Inc. due to the company's strong market position and the fragmented nature of the commercial real estate market.
Bargaining Power Of Suppliers
The bargaining power of suppliers is medium for Marcus & Millichap, Inc. due to the company's dependence on a few large suppliers of commercial real estate services, but the company's scale and market position help to mitigate this threat.
Threat Of New Entrants
The threat of new entrants is low for Marcus & Millichap, Inc. due to the high barriers to entry in the commercial real estate market, including the need for significant capital and expertise.
Intensity Of Rivalry
The intensity of rivalry is high for Marcus & Millichap, Inc. due to the competitive nature of the commercial real estate market, with many established players competing for market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 11.97% |
| Debt Cost | 3.95% |
| Equity Weight | 88.03% |
| Equity Cost | 9.97% |
| WACC | 9.25% |
| Leverage | 13.60% |
Marcus & Millichap, Inc. : Quality Control
Marcus & Millichap, Inc. passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| NMRK | Newmark Group, Inc. provides commercial real estate services in the United States and internationally. The company's investor/owner services and products include capital markets, such as investment, debt and structured finance, … |
| RMAX | RE/MAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company operates through three segments: Real Estate, Mortgage, … |
| DOMA | Doma Holdings Inc. originates, underwrites, and provides title, escrow, and settlement services to homeowners, lenders, title agents, and real estate professionals. It operates through two segments, Distribution and Underwriting. The … |
| FRPH | FRP Holdings, Inc. engages in the real estate businesses in the United States. The company operates through four segments: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture. The … |
| KW | Kennedy-Wilson Holdings, Inc., together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Kennedy-Wilson Holdings
A-Score
1-Year Total Return ->
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Marcus Millichap
A-Score
1-Year Total Return ->
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Newmark
A-Score
1-Year Total Return ->
4
Doma
A-Score
1-Year Total Return ->
5
RE/MAX
A-Score
1-Year Total Return ->
6
