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Marcus & Millichap Inc - MMI STOCK NEWS

Welcome to our dedicated news page for Marcus & Millichap (Ticker: MMI), a resource for investors and traders seeking the latest updates and insights on Marcus & Millichap.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Marcus & Millichap's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Marcus & Millichap's position in the market.

News
Marcus & Millichap, Inc. to Report First Quarter 2024 Financial Results on Wednesday, May 8, 2024
Rhea-AI Summary
Marcus & Millichap, Inc. (NYSE: MMI) will report its first quarter 2024 financial results on May 8, 2024. The company specializes in commercial real estate investment sales, financing, and research. A webcast and conference call will be held to discuss the results.
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Best Place to Work Honor Awarded to Marcus & Millichap for Second Consecutive Year
Rhea-AI Summary
Marcus & Millichap (MMI) receives Best Place to Work award for the second consecutive year from GlobeSt. Real Estate Forum, highlighting culture, leadership, and community involvement. The company's client-focused approach and collaborative culture are key factors in attracting top talent and serving clients' diverse needs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.08%
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Marcus & Millichap Publishes Institutional Multifamily Market Intelligence Report
Rhea-AI Summary
Marcus & Millichap (NYSE:MMI) releases Markets with Momentum report detailing key national multifamily performance statistics, highlighting markets with significant momentum like San Francisco Bay Area, Chicago, Seattle-Tacoma, and Washington, D.C. Average monthly apartment rents have increased by $6 in 2024, reversing previous mild rent cuts. Vacancy rate remains steady at 5.9%, showing positive results despite high product completion. National vacancy among stabilized Class A communities remains unchanged, signaling resilience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.52%
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$125 Million Silicon Valley Multifamily Asset Sale and Financing Brokered by Institutional Property Advisors
Rhea-AI Summary
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale of Prado, a 251-unit multifamily asset in Santa Clara, California, for $125 million. The property offers luxury amenities and is strategically located near major employers in Silicon Valley. The sale reflects increasing investor demand in supply-constrained markets, driven by recent improvements in leasing demand and interest rates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.61%
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Institutional Property Advisors Brokers Sale and Arranges Financing for $94.5 Million Southeast Phoenix Multifamily Asset
Rhea-AI Summary
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), facilitated the sale and financing of Alta Chandler at The Park, a 291-unit multifamily asset in Chandler, Arizona, for $94.5 million. The property attracted high-earning professionals due to its proximity to Price Corridor, Arizona's economic hub, resulting in robust leasing activity. IPA Capital Markets secured $52 million in acquisition financing, enhancing the property's value.
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-0.84%
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Marcus & Millichap Brokers $79 Million Orange County Multifamily Asset Sale
Rhea-AI Summary
Marcus & Millichap (NYSE:MMI) announces the sale of Chateau de Ville, a 254-unit multifamily property in Anaheim, California, for $79,076,710. The property was sold for $311,326 per unit in a market with projected rent growth. The sale was facilitated by Marcus & Millichap's executives, Tyler Leeson and Matt Kipp, representing the seller and buyer respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.97%
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Marcus & Millichap, Inc. Reports Results for Fourth Quarter and Full Year 2023
Rhea-AI Summary
Marcus & Millichap, Inc. reported financial results for Q4 and full year 2023, with total revenue of $166.2 million in Q4 and $645.9 million for the year. The company experienced a net loss of $10.2 million in Q4 and $34.0 million for the year, impacted by higher expenses. Adjusted EBITDA was $(4.5) million in Q4 and $(19.6) million for the year. The company remains focused on growth initiatives despite market disruptions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
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earnings
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Marcus & Millichap Declares Regular Semi-Annual Dividend of $0.25 Per Share
Rhea-AI Summary
Marcus & Millichap Inc. (MMI) declares a regular semi-annual dividend of $0.25 per share, totaling approximately $10.1 million, payable on April 5, 2024. Future dividends subject to Board approval.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.8%
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Marcus & Millichap Releases 2024 National Multifamily Investment Forecast
Rhea-AI Summary
Marcus & Millichap (NYSE:MMI) released its 2024 National Multifamily Investment Forecast, providing insights into major trends influencing the multifamily sector, including individual analyses for 50 major markets across the country. The report highlights the increasing demand to rent apartments across the U.S., driven by the resilient economy. However, a record level of new supply will keep short-term pressure on fundamentals. The report also mentions the prospect of minimal interest rate cuts and a significant amount of capital sitting on the sidelines, set to drive more trading activity in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.81%
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Institutional Property Advisors’ Hiring Momentum Continues with Veteran Multifamily Real Estate Brokers in Washington, D.C.
Rhea-AI Summary
Institutional Property Advisors, a division of Marcus & Millichap (NYSE:MMI), announces the addition of veteran multifamily investment sales advisors Bob Dean and Jonathan Greenberg to their team in Washington, D.C. The addition of these industry-leading professionals complements the recent expansions in Nashville, San Diego, and Dallas, reinforcing the ongoing commitment to the strategic growth of IPA throughout North America. Dean specializes in institutional property sales in the Mid-Atlantic region, with a track record of $8.8 billion in dispositions during his time at GE Capital Real Estate. Greenberg has focused on multifamily investment property sales in the Mid-Atlantic region since 2001 and has been involved with transactions with an aggregate value greater than $40 billion. Together, they have executed $26 billion in multifamily transactions since 2016.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.81%
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Stock MMI logo
Marcus & Millichap Inc

NYSE:MMI

MMI Rankings

#2267 Ranked by Market Cap
#3559 Ranked by Stock Gains
#1564 Ranked by Dividends

MMI Stock Data

1.25B
23.91M
3.28%
101.16%
2.01%
Offices of Real Estate Agents and Brokers
Real Estate and Rental and Leasing
Link
US
Calabasas

About MMI

since 1971, marcus & millichap (nyse: mmi) has been the premier provider of investment real estate brokerage services, including investment sales, financing, research and advisory services. the foundation of our investment sales is the depth of our local market knowledge. our history of maintaining investor relationships in local markets enables us to be the best information source and transaction service provider throughout the united states and canada.