MAC / Macerich (MAC) Surpasses Q4 FFO and Revenue Estimates

Macerich (MAC) witnesses year-over-year growth in occupancy and same-center net operating income. However, the top line lags estimates. more_horizontal

The Macerich Company (NYSE:MAC ) Q3 2023 Earnings Conference Call October 31, 2023 1:00 PM ET Company Participants Samantha Greening - Director Invest more_horizontal

Macerich (MAC) came out with quarterly funds from operations (FFO) of $0.44 per share, in line with the Zacks Consensus Estimate. This compares to FFO more_horizontal

Macerich's (MAC) success story at the Chandler Fashion Center in suburban Phoenix and Kings Plaza in Brooklyn serves as a testament to its strategic v more_horizontal

Macerich has fallen by 70% over the last 5 years on a total return basis on the back of a bearish thesis that is increasingly not playing out. The REI more_horizontal

A robust retail real estate market and focus on omni-channel retailing and developing mixed-use assets will aid Macerich (MAC). However, e-commerce ad more_horizontal

Aided by robust retail demand, Macerich (MAC) witnesses record leasing volume year to date. The company is expected to benefit from its encouraging le more_horizontal

In trading on Monday, shares of Macerich were yielding above the 6% mark based on its quarterly dividend (annualized to $0.68) more_horizontal