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Marcus & Millichap Declares Regular Semi-Annual Dividend of $0.25 Per Share

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Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm, has announced a regular semi-annual dividend of $0.25 per share, totaling approximately $10.2 million. The dividend will be payable on October 4, 2024 to shareholders of record as of September 16, 2024. As of December 31, 2023, the company had 1,783 investment sales and financing professionals across more than 80 offices. In 2023, Marcus & Millichap closed 7,546 transactions with a sales volume of $43.6 billion. The company specializes in investment sales, financing, research, and advisory services for commercial real estate.

Marcus & Millichap (NYSE: MMI), una delle principali società di intermediazione immobiliare commerciale, ha annunciato un dividendo semestrale regolare di $0,25 per azione, per un totale di circa $10,2 milioni. Il dividendo sarà pagabile il 4 ottobre 2024 agli azionisti registrati al 16 settembre 2024. Al 31 dicembre 2023, l'azienda contava 1.783 professionisti delle vendite e del finanziamento degli investimenti in oltre 80 uffici. Nel 2023, Marcus & Millichap ha chiuso 7.546 transazioni con un volume di vendite di $43,6 miliardi. L'azienda è specializzata nelle vendite di investimenti, finanziamenti, ricerche e servizi di consulenza per il settore immobiliare commerciale.

Marcus & Millichap (NYSE: MMI), una de las principales firmas de corretaje de bienes raíces comerciales, ha anunciado un dividendo semestral regular de $0.25 por acción, alcanzando aproximadamente $10.2 millones. El dividendo será pagadero el 4 de octubre de 2024 a los accionistas registrados al 16 de septiembre de 2024. Al 31 de diciembre de 2023, la empresa contaba con 1,783 profesionales en ventas e inversión y financiamiento en más de 80 oficinas. En 2023, Marcus & Millichap cerró 7,546 transacciones con un volumen de ventas de $43.6 mil millones. La empresa se especializa en ventas de inversión, financiamiento, investigación y servicios de asesoría para bienes raíces comerciales.

Marcus & Millichap (NYSE: MMI), 주요 상업용 부동산 중개업체로, 주당 $0.25의 정기 반기 배당금을 발표하며 총 약 $10.2백만을 기록했습니다. 배당금은 2024년 10월 4일에 2024년 9월 16일 기준 주주에게 지급될 예정입니다. 2023년 12월 31일 기준으로, 이 회사는 80개 이상의 사무소에 1,783명의 투자 매매 및 금융 전문가를 보유하고 있었습니다. 2023년 동안 Marcus & Millichap은 $43.6억의 매출로 7,546건의 거래를 체결했습니다. 이 회사는 상업용 부동산을 위한 투자 매매, 금융, 연구 및 자문 서비스에 특화되어 있습니다.

Marcus & Millichap (NYSE: MMI), une société de courtage en immobilier commercial de premier plan, a annoncé un dividende semestriel régulier de 0,25 $ par action, totalisant environ 10,2 millions de dollars. Le dividende sera payable le 4 octobre 2024 aux actionnaires inscrits au 16 septembre 2024. Au 31 décembre 2023, l'entreprise comptait 1 783 professionnels des ventes et du financement d'investissement dans plus de 80 bureaux. En 2023, Marcus & Millichap a conclu 7 546 transactions pour un volume de ventes de 43,6 milliards de dollars. L'entreprise se spécialise dans les ventes d'investissements, le financement, la recherche et les services de conseil pour l'immobilier commercial.

Marcus & Millichap (NYSE: MMI), ein führendes Maklerunternehmen für gewerbliche Immobilien, hat eine regelmäßige halbjährliche Dividende von $0,25 pro Aktie bekannt gegeben, die insgesamt etwa $10,2 Millionen beträgt. Die Dividende wird am 4. Oktober 2024 an die Aktionäre ausgezahlt, die am 16. September 2024 im Aktienregister stehen. Zum 31. Dezember 2023 hatte das Unternehmen 1.783 Fachleute für Investitionsverkäufe und -finanzierungen in mehr als 80 Büros. Im Jahr 2023 schloss Marcus & Millichap 7.546 Transaktionen mit einem Verkaufsvolumen von $43,6 Milliarden ab. Das Unternehmen spezialisiert sich auf Investitionsverkäufe, Finanzierung, Forschung und Beratungsdienste für gewerbliche Immobilien.

Positive
  • Declared a semi-annual dividend of $0.25 per share
  • Total dividend payout of approximately $10.2 million
  • Closed 7,546 transactions in 2023
  • Achieved $43.6 billion in sales volume for 2023
  • Expanded to 1,783 investment sales and financing professionals
Negative
  • None.

CALABASAS, Calif.--(BUSINESS WIRE)-- Marcus & Millichap Inc. (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today that its Board of Directors has declared a regular semi-annual dividend of $0.25 per share, or approximately $10.2 million. The dividend will be payable on October 4, 2024 to shareholders of record as of the close of business on September 16, 2024. Any and all future dividends are subject to review and approval by the Board of Directors.

About Marcus & Millichap, Inc.

Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of $43.6 billion. For additional information, please visit www.MarcusMillichap.com.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This release may include forward-looking statements, including the Company’s business outlook for 2024, the anticipation of further interest rate increases and inflation, the execution of our capital return program, and expectations for market share growth. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results may be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause such differences include, but are not limited to:

  • general uncertainty in the capital markets, a worsening of economic conditions, and the rate and pace of economic recovery following an economic downturn;
  • changes in our business operations;
  • market trends in the commercial real estate market or the general economy, including the impact of rising inflation and higher interest rates;
  • our ability to attract and retain qualified senior executives, managers and investment sales and financing professionals;
  • the effects of increased competition on our business;
  • our ability to successfully enter new markets or increase our market share;
  • our ability to successfully expand our services and businesses and to manage any such expansions;
  • our ability to retain existing clients and develop new clients;
  • our ability to keep pace with changes in technology;
  • any business interruption or technology failure, including cyber and ransomware attacks, and any related impact on our reputation;
  • changes in interest rates, availability of capital, tax laws, employment laws or other government regulation affecting our business;
  • our ability to successfully identify, negotiate, execute and integrate accretive acquisitions; and
  • other risk factors included under “Risk Factors” in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q.

In addition, in this release, the words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” "goal," “expect,” “predict,” “potential,” “should” and similar expressions, as they relate to our Company, our business and our management, are intended to identify forward-looking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements.

Forward-looking statements speak only as of the date of this release. You should not put undue reliance on any forward-looking statements. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. We have not filed our Form 10-Q for the quarter ended June 30, 2024. As a result, all financial results described in this earnings release should be considered preliminary, and are subject to change to reflect any necessary adjustments or changes in accounting estimates that are identified prior to the time we file our Form 10-Q.

Investor Relations Contact:

InvestorRelations@marcusmillichap.com

Source: Marcus & Millichap Inc.

FAQ

When will Marcus & Millichap (MMI) pay its next dividend?

Marcus & Millichap (MMI) will pay its next dividend of $0.25 per share on October 4, 2024, to shareholders of record as of September 16, 2024.

What is the dividend amount for Marcus & Millichap (MMI)?

Marcus & Millichap (MMI) has declared a regular semi-annual dividend of $0.25 per share.

How many transactions did Marcus & Millichap (MMI) close in 2023?

Marcus & Millichap (MMI) closed 7,546 transactions in 2023.

What was Marcus & Millichap's (MMI) sales volume in 2023?

Marcus & Millichap (MMI) achieved a sales volume of $43.6 billion in 2023.

How many investment sales and financing professionals does Marcus & Millichap (MMI) have?

As of December 31, 2023, Marcus & Millichap (MMI) had 1,783 investment sales and financing professionals in more than 80 offices.

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