Marcus & Millichap, Inc. (MMI)

In the past six months, Marcus & Millichap's stock reached a new 52-week low but reported third-quarter earnings that beat analyst estimates. The company declared a semi-annual regular dividend of $0.25 per share. IPA Capital Markets secured significant financing deals, and the company is scheduled to report its Q4 2025 financial results on February 13, 2026.

While specific details on demand seasonality are not provided, Marcus & Millichap's operations are tied to the broader commercial real estate market. General market observations suggest solid demand for most property types due to overall economic strength. The company's first-quarter 2025 revenue was 12% higher than the first quarter of 2024, following a 44% year-over-year revenue increase in the fourth quarter of the previous year, indicating some quarterly fluctuations. An improvement in the lending environment also contributed to a 26% revenue increase in financing during the first quarter of 2025.

Marcus & Millichap, Inc. is a national brokerage firm specializing in commercial real estate investment sales, financing, research, and advisory services. The company operates within the real estate sector, focusing on real estate operations. Its primary services include commercial real estate investment brokerage, financing, and ancillary services. Marcus & Millichap generates revenue through commissions from property sales and fees from loan placements, covering a broad spectrum of commercial real estate sectors and offering capital markets solutions.

Marcus & Millichap has an extensive market presence with over 80 offices across the United States and Canada. As of March 31, 2025, the company had 1,668 investment sales and financing professionals.

In the past year, Marcus & Millichap has maintained its position as a leading national real estate services firm. The company emphasizes its industry-leading market research and presence at marquee industry events as critical to its growth. In April 2025, a significant senior management reorganization was announced to enhance decision-making and foster accelerated growth. No specific negative events significantly impacted Marcus & Millichap's brand reputation were explicitly detailed in the provided information for the past year.

Marcus & Millichap, Inc. has a substantial institutional ownership base. As of January 15, 2026, 400 institutional owners and shareholders held a total of 31,305,289 shares. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, Reinhart Partners, Inc., Royce & Associates Lp, Dimensional Fund Advisors Lp, iShares Core S&P Small-Cap ETF (IJR), Tributary Capital Management, LLC, Vanguard Real Estate Index Fund Investor Shares (VGSIX), State Street Corp, and Vanguard Total Stock Market Index Fund Investor Shares (VTSMX).