MMI Marcus & Millichap, Inc.

Marcus & Millichap has seen a mixed share price story in recent years, and that leaves a clear question for investors who care about fundamentals. Is the current US$29.04 price adequately supported by the cash flows the business can generate over time? Over the past 5 years the stock declined 26.2%, which puts the focus squarely on whether the underlying cash flows justify staying invested or re-entering at today's level. Recent commentary from Marcus & Millichap's leadership on higher...

A surplus of cash can mean financial stability, but it can also indicate a reluctance (or inability) to invest in growth. Some of these companies also face challenges like stagnating revenue, declining market share, or limited scalability.

Marcus & Millichap CEO Hessam Nadji recently outlined how higher interest rates have delayed a rebound in commercial real estate sales and complicated property revaluations across the sector. He also pointed to multifamily and small retail assets as areas where investors may still find relatively attractive opportunities despite the tougher rate backdrop. Against this backdrop of higher-rate headwinds and selective sector opportunity, we’ll explore how Nadji’s comments influence Marcus &...

Marcus & Millichap (MMI) moved into focus after CEO Hessam Nadji outlined how higher interest rates are delaying commercial real estate sales recoveries and forcing property revaluations, while highlighting multifamily and small retail as relatively attractive pockets. Recent trading tells a mixed story. Marcus & Millichap’s share price has eased, with a 1-day move down 1.82% and a 30-day share price return down 8.46%, yet the year-to-date share price return of 10.23% and a 3-year total...

Marcus & Millichap CEO, Hessam Nadji, explains what higher interest rates mean for the commercial real estate industry. He also outlines the most promising areas of the market for investors.

The performance of consumer discretionary businesses is closely linked to economic cycles. This sensitive demand profile can cause the industry to underperform when macro uncertainty enters the fray, and over the past six months, its returns were flat while the S&P 500 climbed by 16.9%.

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), is reinforcing its expertise in structuring complex multisource financing arrangements for high-value projects. Earlier we highlighted robust demand trends for multifamily properties with solid fundamentals in What Lies Ahead for Marcus & Millichap (MMI) Following These Multifamily Asset Sales. A strong investor confidence in […]

Core retail sales rose 1.2% in August and store-based spending gained 0.6%, supporting retail demand despite higher credit costs.

Investors looking for hidden gems should keep an eye on small-cap stocks because they’re frequently overlooked by Wall Street. Many opportunities exist in this part of the market, but it is also a high-risk, high-reward environment due to the lack of reliable analyst price targets.

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), finalized the sale of two Oregon apartment communities for a total consideration of $83 million. The sale involved the 181-unit Anjou Club in Talent and a 257-unit Oak Vale property in Corvallis. For Marcus & Millichap, these deals reflect on IPA’s strong footing to […]

Marcus & Millichap’s (NYSE:MMI) capital markets arm, IPA Capital Markets, secured a financing arrangement amounting to $40.3 million for Birwood Heights. Based in San Antonio, Texas, this 312-unit apartment complex is comprised of one-, two-, and three-bedroom apartments, and offers various shared amenities such as fitness studio, lounges, outdoor grilling, and resort-style pool. The residences […]

Marcus & Millichap’s IPA Capital Markets division recently arranged US$40.3 million in non-recourse bridge financing for the 312-unit Birwood Heights apartment community in San Antonio, featuring a three-year initial term, 80% stabilized loan-to-value, and a 6.45% stabilized debt yield. Around the same time, Marcus & Millichap reported second-quarter results that shifted the firm from a net loss to US$3.9 million in net income, supported by higher brokerage commissions, stronger transaction...

On August 6, Marcus & Millichap Inc. (NYSE:MMI) reported second-quarter results that mark its clearest turn yet after a multiyear commercial real estate slump. Revenue climbed 17.8% year over year to $202.9 million, and the brokerage swung from a net loss a year ago to $3.9 million in net income, or $0.10 per diluted share. […]

The self-storage market faces another rent decline in 2026, but slowing supply and rebounding deal activity offer signs of stabilization.

Tertiary CRE markets now capture most US deal counts as investors pursue higher yields, accessible pricing, and improving liquidity.

Marcus & Millichap’s 17.5% return over the past six months has outpaced the S&P 500 by 5.6%, and its stock price has climbed to $31.10 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.

Retail sales slipped 0.2% in July as online spending fell, while apparel gains and 4.8% annual growth showed continued consumer demand.

US office vacancy falls to 15.8% as positive absorption and hybrid work support demand, while market performance remains uneven.

“You get what you pay for” often applies to expensive stocks with best-in-class business models and execution. While their quality can sometimes justify the premium, they typically experience elevated volatility during market downturns when expectations change.

Wall Street has issued downbeat forecasts for the stocks in this article. These predictions are rare - financial institutions typically hesitate to say bad things about a company because it can jeopardize their other revenue-generating business lines like M&A advisory.

Marcus & Millichap (MMI) drew fresh attention on August 6, 2026, after reporting second quarter results that shifted from a prior loss to a profit, alongside revenue growth and ongoing diversification efforts. See our latest analysis for Marcus & Millichap. The latest second quarter profit and ongoing share buybacks appear to be contributing to steadier momentum for Marcus & Millichap, with a 90 day share price return of 12.18% and a year to date share price return of 17.01%. However, the 5...

Marcus & Millichap stock has gained 17.0% year to date, yet the valuation checks and intrinsic value estimate both indicate the shares are trading at a premium rather than at a discount. Year to date, Marcus & Millichap is up 17.0%, which puts extra focus on whether recent gains already factor in the current commercial real estate backdrop. Commercial real estate borrowing costs remain elevated and industrial property trends are adjusting to higher trade and transportation costs, which can...

Marcus & Millichap’s recently reported second-quarter 2026 results showed revenue rising to US$202.92 million and net income of US$3.91 million, alongside a semi-annual dividend of US$0.25 per share and completion of a multi-year buyback totaling 3,987,494 shares. Together, the return to profitability, ongoing capital returns through dividends and repurchases, and management’s push into new service lines point to an evolving business mix that could influence how investors assess the...

Even if a company is profitable, it doesn’t always mean it’s a great investment. Some struggle to maintain growth, face looming threats, or fail to reinvest wisely, limiting their future potential.

Marcus & Millichap’s second quarter showcased a broad-based improvement in both brokerage and financing, as the company’s revenue and non-GAAP profitability exceeded Wall Street expectations. CEO Hessam Nadji highlighted that all business segments registered growth, with private client and larger transactions experiencing notable momentum as market values adjusted and more lenders re-engaged. Management attributed the quarter’s performance to persistent client outreach, improved trading volumes

All segments grew for first time since disruptions, returning to profitability.

Despite the Fed pausing rate hikes, CRE borrowing costs remain high as rising Treasury yields and inflation concerns offset policy relief.

US industrial fundamentals stay resilient, with stable vacancy and investor demand despite rising shipping costs and trade uncertainty.

Real estate brokerage and services firm Marcus & Millichap (NYSE:MMI) reported Q2 CY2026 results beating Wall Street’s revenue expectations, with sales up 17.8% year on year to $202.9 million. Its non-GAAP profit of $0.10 per share was significantly above analysts’ consensus estimates.

Marcus & Millichap (NYSE:MMI) reported second-quarter 2026 revenue growth of 18%, supported by gains across its brokerage and financing operations, as commercial real estate transaction activity improved from prior-year levels. Total revenue rose to $203 million from $172 million in the second quar

Moby summary of Marcus & Millichap, Inc.'s Q2 2026 earnings call

Triple-net restaurant properties draw private investor capital as stable income, tax perks, and Sun Belt growth reshape CRE portfolios.

Strong quarterly performance driven by broad-based growth across all business segments, with adjusted EBITDA improving eightfold year-over-year.

Real estate brokerage and services firm Marcus & Millichap (NYSE:MMI) announced better-than-expected revenue in Q2 CY2026, with sales up 17.8% year on year to $202.9 million. Its GAAP profit of $0.10 per share was significantly above analysts’ consensus estimates.

Marcus & Millichap (MMI) drew fresh attention after its IPA Capital Markets division hired Ryan Demadis as managing director in Boston, highlighting the company’s focus on financing capabilities across industrial and multifamily properties in the Northeast. See our latest analysis for Marcus & Millichap. At a share price of $30.38, Marcus & Millichap has a 1-day share price return of 1.61%, a 90-day share price return of 5.96%, and a 12.56% year-to-date share price return. This contrasts with...

Marcus & Millichap (NYSE:MMI) appointed Ryan Demadis as Managing Director at IPA Capital Markets. Demadis joins the Boston office, focusing on industrial and multifamily real estate financing. He brings existing relationships with major capital sources to the IPA Capital Markets platform. For investors watching Marcus & Millichap (NYSE:MMI), this leadership change sits against a backdrop of active capital needs across industrial and multifamily properties. IPA Capital Markets operates...

Marcus & Millichap trades at $29.92 and has moved in lockstep with the market. Its shares have returned 11.5% over the last six months while the S&P 500 has gained 7.9%.

A surplus of cash can mean financial stability, but it can also indicate a reluctance (or inability) to invest in growth. Some of these companies also face challenges like stagnating revenue, declining market share, or limited scalability.

Stocks trading between $10 and $50 can be particularly interesting as they frequently represent businesses that have survived their early challenges. However, investors should remain vigilant as some may still have unproven business models, leaving them vulnerable to the ebbs and flows of the broader market.

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Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings. However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.

US apartment supply is set to fall 34% in 2026, restoring landlords’ pricing power and stabilizing rents, per Marcus & Millichap analysis.