Marcus & Millichap vs Origin Property PCL: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Marcus & Millichap Inc (MMI)

Q3 202614 Jul – 9 Oct 2026

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MMI swings to profit as rate surge delays CRE recovery

Apartment supply drop lifts landlord pricing power MMI's own 2026 outlook sees US apartment completions falling about 34% from last year, the lowest since 2014. Less new supply means tighter vacancies and firmer rents, which makes apartment buildings more attractive to buy and sell — more deals means more commissions for MMI.
It is a core demand driver for MMI's brokerage business and is new this period.
Q2 swings to profit, revenue up about 18% MMI's second-quarter revenue rose roughly 18% to about $203 million, and it swung from a year-ago loss to a small profit. Brokerage and financing fees both grew, and the company kept buying back stock and paying its dividend — signs the business is recovering.
Earnings are the clearest evidence of MMI's financial health and are new this period.
Rate surge pushes CRE recovery further out MMI's CEO said the recent jump in interest rates is delaying the commercial real estate sales recovery and disrupting deals already underway. Higher rates make it harder to agree on prices, so deals take longer and some fall apart — a drag on MMI's commissions.
It is the main counterweight to the positive earnings and supply news.
IPA closes $58.7M Phoenix multifamily sale MMI's IPA division sold a 260-unit Phoenix apartment complex for $58.7 million. Big single deals like this show MMI can still close large transactions even in a slow market, and each one adds directly to its brokerage revenue.
It is a concrete example of MMI closing deals despite the rate headwind.

August 202614 Jul – 9 Oct 2026

▲3▼1

MMI swings to profit as rate surge delays CRE recovery

Apartment supply drop lifts landlord pricing power MMI's own 2026 outlook sees US apartment completions falling about 34% from last year, the lowest since 2014. Less new supply means tighter vacancies and firmer rents, which makes apartment buildings more attractive to buy and sell — more deals means more commissions for MMI.
It is a core demand driver for MMI's brokerage business and is new this period.
Q2 swings to profit, revenue up about 18% MMI's second-quarter revenue rose roughly 18% to about $203 million, and it swung from a year-ago loss to a small profit. Brokerage and financing fees both grew, and the company kept buying back stock and paying its dividend — signs the business is recovering.
Earnings are the clearest evidence of MMI's financial health and are new this period.
Rate surge pushes CRE recovery further out MMI's CEO said the recent jump in interest rates is delaying the commercial real estate sales recovery and disrupting deals already underway. Higher rates make it harder to agree on prices, so deals take longer and some fall apart — a drag on MMI's commissions.
It is the main counterweight to the positive earnings and supply news.
IPA closes $58.7M Phoenix multifamily sale MMI's IPA division sold a 260-unit Phoenix apartment complex for $58.7 million. Big single deals like this show MMI can still close large transactions even in a slow market, and each one adds directly to its brokerage revenue.
It is a concrete example of MMI closing deals despite the rate headwind.

Latest14 Jul – 9 Oct 2026

▲3▼1

MMI swings to profit as rate surge delays CRE recovery

Apartment supply drop lifts landlord pricing power MMI's own 2026 outlook sees US apartment completions falling about 34% from last year, the lowest since 2014. Less new supply means tighter vacancies and firmer rents, which makes apartment buildings more attractive to buy and sell — more deals means more commissions for MMI.
It is a core demand driver for MMI's brokerage business and is new this period.
Q2 swings to profit, revenue up about 18% MMI's second-quarter revenue rose roughly 18% to about $203 million, and it swung from a year-ago loss to a small profit. Brokerage and financing fees both grew, and the company kept buying back stock and paying its dividend — signs the business is recovering.
Earnings are the clearest evidence of MMI's financial health and are new this period.
Rate surge pushes CRE recovery further out MMI's CEO said the recent jump in interest rates is delaying the commercial real estate sales recovery and disrupting deals already underway. Higher rates make it harder to agree on prices, so deals take longer and some fall apart — a drag on MMI's commissions.
It is the main counterweight to the positive earnings and supply news.
IPA closes $58.7M Phoenix multifamily sale MMI's IPA division sold a 260-unit Phoenix apartment complex for $58.7 million. Big single deals like this show MMI can still close large transactions even in a slow market, and each one adds directly to its brokerage revenue.
It is a concrete example of MMI closing deals despite the rate headwind.

Origin Property PCL (ORI.BK)

Q3 20263 Aug – 8 Oct 2026

▲3▼1

ORI sells hotels, raises cash, but weak demand and high loan rejections weigh

Hotel sales and asset recycling boost cash ORI closed the sale of Staybridge Suites Sukhumvit for over 550 million baht, following the ibis Phuket Kata sale. This Build-Operate-Exit-Reinvest strategy brings in cash to fund new projects and repay debt, supporting the share price by showing the company can generate liquidity from its assets.
This is a major new event that directly improves ORI's cash position and validates its business model.
New bond issues and debt repayment strengthen finances ORI raised 800 million baht from new bonds and fully repaid 714.7 million baht of maturing bonds. Successful fundraising and timely repayment show bondholders still trust the company, easing worries about its debt load and supporting the stock.
These are fresh capital market actions that demonstrate financial health and access to funding.
Phuket expansion and 2028 profit target ORI plans to grow its Phuket portfolio to 30 billion baht by 2028 and targets net profit of 1.43 billion baht in 2028, up 42.6%. New projects and hotel developments in Phuket, plus a clear three-year plan, give investors a growth story beyond the current weak market.
This is a new strategic plan that outlines future growth and could lift investor expectations.
Weak housing demand and high loan rejections pressure sales Brokers cut ORI's profit forecasts due to weak housing demand and mortgage rejection rates above 40%. KGI rates ORI a Sell, and Tris warns floods worsen the property slump. ORI is pushing online sales and discounts to clear inventory, but the tough market remains a drag on the stock.
This is the main negative force, with multiple new reports highlighting demand weakness and its impact on ORI.

September 20263 Aug – 8 Oct 2026

▲3▼1

ORI sells hotels, raises cash, but weak demand and high loan rejections weigh

Hotel sales and asset recycling boost cash ORI closed the sale of Staybridge Suites Sukhumvit for over 550 million baht, following the ibis Phuket Kata sale. This Build-Operate-Exit-Reinvest strategy brings in cash to fund new projects and repay debt, supporting the share price by showing the company can generate liquidity from its assets.
This is a major new event that directly improves ORI's cash position and validates its business model.
New bond issues and debt repayment strengthen finances ORI raised 800 million baht from new bonds and fully repaid 714.7 million baht of maturing bonds. Successful fundraising and timely repayment show bondholders still trust the company, easing worries about its debt load and supporting the stock.
These are fresh capital market actions that demonstrate financial health and access to funding.
Phuket expansion and 2028 profit target ORI plans to grow its Phuket portfolio to 30 billion baht by 2028 and targets net profit of 1.43 billion baht in 2028, up 42.6%. New projects and hotel developments in Phuket, plus a clear three-year plan, give investors a growth story beyond the current weak market.
This is a new strategic plan that outlines future growth and could lift investor expectations.
Weak housing demand and high loan rejections pressure sales Brokers cut ORI's profit forecasts due to weak housing demand and mortgage rejection rates above 40%. KGI rates ORI a Sell, and Tris warns floods worsen the property slump. ORI is pushing online sales and discounts to clear inventory, but the tough market remains a drag on the stock.
This is the main negative force, with multiple new reports highlighting demand weakness and its impact on ORI.

Latest3 Aug – 8 Oct 2026

▲3▼1

ORI sells hotels, raises cash, but weak demand and high loan rejections weigh

Hotel sales and asset recycling boost cash ORI closed the sale of Staybridge Suites Sukhumvit for over 550 million baht, following the ibis Phuket Kata sale. This Build-Operate-Exit-Reinvest strategy brings in cash to fund new projects and repay debt, supporting the share price by showing the company can generate liquidity from its assets.
This is a major new event that directly improves ORI's cash position and validates its business model.
New bond issues and debt repayment strengthen finances ORI raised 800 million baht from new bonds and fully repaid 714.7 million baht of maturing bonds. Successful fundraising and timely repayment show bondholders still trust the company, easing worries about its debt load and supporting the stock.
These are fresh capital market actions that demonstrate financial health and access to funding.
Phuket expansion and 2028 profit target ORI plans to grow its Phuket portfolio to 30 billion baht by 2028 and targets net profit of 1.43 billion baht in 2028, up 42.6%. New projects and hotel developments in Phuket, plus a clear three-year plan, give investors a growth story beyond the current weak market.
This is a new strategic plan that outlines future growth and could lift investor expectations.
Weak housing demand and high loan rejections pressure sales Brokers cut ORI's profit forecasts due to weak housing demand and mortgage rejection rates above 40%. KGI rates ORI a Sell, and Tris warns floods worsen the property slump. ORI is pushing online sales and discounts to clear inventory, but the tough market remains a drag on the stock.
This is the main negative force, with multiple new reports highlighting demand weakness and its impact on ORI.