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Macerich (MAC) reported funds from operations (FFO) per share of 44 cents, which beat the Zacks Consensus Estimate of 40 cents. Moreover, the figure increased 18.9% from the year-ago quarter's 37 cents. This retail REIT experienced an increase in same-center net operating income (NOI), including lease termination income, from the prior-year period. Although the shares of MAC declined 4.3% during yesterday's regular trading session on the NYSE, they were trending upward in the initial trading session today b ...

aimintang Macerich (NYSE:MAC) is currently trading hands for 10.2x its annualized fiscal 2024 second-quarter funds from operation of $0.39 per share, following a 26% rally of its commons over the last 1 year. The retail REIT last declared a quarterly cash dividend of $0.17 per share, kept unchanged from the previously declared payout and $0.68 per share annualized for a 4.3% dividend yield. FFO per share for the second quarter dipped by 1 cent from its year-ago comp. I own a position in Simon Property Group ...

1 11 8 1999 I 1988 IFTER I Walter Bibikow Over the past couple of years, the Macerich Company (NYSE:MAC) has experienced significant upside and downside volatility, which has been associated with notable share issuances to fund the cash flow gaps and subsequent recovery followed by yet another disappointment in terms of additional equity dilution. In Q1, 2024 we saw a similar pattern, where the new Management announced an aggressive plan to bring down the leverage by divesting non-core assets, directing sur ...

The Macerich Company (NYSE:MAC) Q2 2024 Results Conference Call July 31, 2024 1:00 PM ET Company Participants Samantha Greening - Director of Investor Relations Jack Hsieh - President, CEO and Director Doug Healey - Senior Executive Vice President of Leasing Scott Kingsmore - Senior Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Jeffrey Spector - Bank of America Securities Seth Bergey - Citi Samir Khanal - EVR Floris van Dijkum - Compass Point Vince Tibone - Gre ...

This quarterly report represents an FFO surprise of 10%. A quarter ago, it was expected that this shopping center real estate investment trust would post FFO of $0.39 per share when it actually produced FFO of $0.31, delivering a surprise of -20.51%. Macerich, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $215.52 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.59%. This compares to year-ago revenues of $212.37 million. The company h ...

During the second quarter, we unveiled our Path Forward Plan, followed by significant investor outreach. We are pleased with the feedback we received on what we believe is a very executable, multi-pronged strategy to improve our balance sheet, and also to make inward-facing enhancements to both bolster company culture and improve key business processes to gain operating efficiencies. We are fully engaged in implementing numerous aspects of the Path Forward Plan. Balance Sheet: The Macerich Company Earnings ...

SANTA MONICA, Calif., July 26, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.17 per share of common stock. The dividend is payable on September 9, 2024, to stockholders of record at the close of business on August 19, 2024. SOURCE: Macerich Macerich is a fully integrated, self-managed, self-administered real estate investment trust (REIT). As a leading owner, operator, and developer of high-quality retail real estate in densely po ...

With the addition of Ms. Laing, Macerich's Board will have eight directors, seven of whom are independent. Ms. Laing's areas of expertise include corporate strategy, risk management, public equity and corporate debt offerings, finance and capital markets, corporate governance and sustainability matters, investor relations, together with extensive knowledge of IT and cybersecurity, including cybersecurity assessments, controls, protocols, monitoring and incident response, obtained through the responsibility ...

SANTA MONICA, Calif., July 22, 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 the appointment of Diana M. Laing to its Board of Directors. Ms. Laing previously served on Macerich's Board from 2003 through 2022. A seasoned corporate finance executive with 35+ years in real estate investment and operating companies, Ms. Laing brings key skills and experience to the Macerich Board – including ...