Macerich (MAC) reported $220.22 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 1%. EPS of $0.38 for the same period compares to -$1.22 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $219.69 million, representing a surprise of +0.24%. The company delivered an EPS surprise of -5.00%, with the consensus EPS estimate being $0.40.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Macerich (MAC) came out with quarterly funds from operations (FFO) of $0.38 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to FFO of $0.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -5%. A quarter ago, it was expected that this shopping center real estate investment trust would post FFO of $0.40 per share when it actually produced FFO of $0.44, delivering a surprise of 10%.Over the last four ...

Exhibit 99.1 Earnings Results & Supplemental Information For the Three and Nine Months Ended September 30, 2024 CELEBRATING NYSE: MAC 9 9 1 4 2 0 2 - MACERICH® The Macerich Company Earnings Results & Supplemental Information For the Three and Nine Months Ended September 30, 2024 Table of Contents All information included in this supplemental financial package is unaudited, unless otherwise indicated. | --- | --- | |-----------------------------------------------------------------|------------| | | Page No. ...

SANTA MONICA, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company” or “Macerich”) today announced that Daniel E. Swanstrom II will become the Chief Financial Officer of Macerich effective on November 16, 2024. “I am very pleased to welcome Dan to Macerich,” said Jack Hsieh, Macerich’s CEO. “Dan brings an excellent background to Macerich with over 20 years of experience in real estate, both as a CFO of two public REITs and as a former investment banker with Morgan Stanley ...

In its upcoming report, Macerich (MAC) is predicted by Wall Street analysts to post quarterly earnings of $0.40 per share, reflecting a decline of 9.1% compared to the same period last year. Revenues are forecasted to be $219.69 million, representing a year-over-year increase of 0.7%.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this ...

SANTA MONICA, Calif., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of major retail properties in top markets, has earned the #1 ranking among all U.S. retail in the GRESB Real Estate Assessment for the 10th consecutive year. Macerich ranked #3 in Retail, Americas, and earned the prestigious GRESB Green Star rating based on absolute performance. “GRESB and our peers raise the bar every year. We appreciate this comprehensive assessment of ...

BioStem Technologies Initiates Nationwide Launch of Vendaje AC® with Venture Medical Following Established Reimbursement in All Medicare Administrative Contractor (MAC) Regions The pricing announcement from the Center for Medicare Services became effective on October 1, 2024, and allows BioStem to begin marketing initiatives with Venture Medical POMPANO BEACH, Fla., October 29, 2024 – PRISM MediaWire – BioStem Technologies Inc. (OTC: BSEM), a leading MedTech company focused on the development, manufacture, ...

5.37% Fixed Rate for 5 Years, Interest Only, on $525M Loan Lowest Refi Rate Achieved by Company in Past 5 Years SANTA MONICA, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of major retail properties in top markets, today announced that it has refinanced fortress property Queens Center at highly favorable terms with a new $525 million loan bearing fixed interest of 5.37% and interest-only payments during the entire term. "We are p ...

The Macerich Company (NYSE: MAC ) is a REIT that focuses on malls and shopping centers. Interestingly, while many REITs yield close to short-term interest rates (4.5% to 5%), MAC yields about 3.8% as I write this. As lower rates imply a My articles are written with a mind to owning a stock for years, not trying to predict price movements in a few months. I don't do target prices; I do valuations.I first entered investing in 2020 as an individual value investor, keen to understand the fundamentals of busines ...

A month has gone by since the last earnings report for Macerich (MAC) . Shares have added about 0.8% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Macerich due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Macerich Q2 FFO Surpasses Estimates, Revenues Miss Mace ...