Marcus & Millichap, Inc. Reports Results for First Quarter 2024
The average transaction size and the average commission per transaction decreased by 7.9% and 5.9%, respectively, compared to the first quarter 2023.
- The average transaction size and the average commission per transaction decreased by 7.9% and 5.9%, respectively, compared to the first quarter 2023.
- Total operating expenses for the first quarter 2024 were $149.2 million, compared to $170.9 million for the same period in the prior year.
- Selling, general and administrative expenses for the first quarter 2024 were $68.9 million, compared to $72.2 million for the same period in the prior year.
- After accounting for shares repurchased through May 3, 2024, Marcus & Millichap has approximately $71.0 million available to repurchase shares under its program.