SANTA MONICA, Calif., June 26, 2024 (GLOBE NEWSWIRE) -- Dial-In Registration: https://register.vevent.com/register/BI4e7fa38720a8454281f71d47b45decaf Webcast Registration: https://edge.media-server.com/mmc/p/d5ie8i9q 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 populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific N ...

It has been about a month since the last earnings report for Macerich (MAC) . Shares have added about 7.6% in that time frame, outperforming 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 Q1 FFO Miss Estimates, Revenues Fall Y/Y M ...

SANTA MONICA, Calif., May 28, 2024 (GLOBE NEWSWIRE) -- Macerich (NYSE:MAC), one of the nation's leading owners, operators, and developers of major retail properties in top markets, announced today that it will participate in Nareit's REITweek 2024 Investor Conference June 4 and June 5, 2024. Jack Hsieh, President and Chief Executive Officer; Scott Kingsmore, Senior Executive Vice President and Chief Financial Officer; and Doug Healey, Senior Executive Vice President of Leasing, will participate in an analys ...

SANTA MONICA, Calif., May 28, 2024 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation's leading owners, operators, and developers of major retail properties in top markets, announced today that it will participate in Nareit's REITweek 2024 Investor Conference June 4 and June 5, 2024. Jack Hsieh, President and Chief Executive Officer; Scott Kingsmore, Senior Executive Vice President and Chief Financial Officer; and Doug Healey, Senior Executive Vice President of Leasing, will participate in an analy ...

RUNSTUDIO I was in Las Vegas earlier this week, and no, not for gambling. It was for the latest conference of International Council of Shopping Centers, now known as ICSC. Though, yes, I did hit the roulette tables a few times. My regular readers know I always allow myself $500 to play around with – a hard stop I'm not allowed to cross. Let's just say I didn't walk away with $10,000 this time like I have before. But the Las Vegas visit was still completely worth it. The information I got at ICSC was phenome ...

Macerich (MAC) recently announced a thorough Path-Forward plan, which is designed to simplify the business, enhance operational performance and decrease leverage. Additionally, the company plans to strategically consolidate selected joint venture assets that are core to the overall strategy. Specifically, Macerich aims to reduce the leverage of the capital structure to a range of low-to-mid 6x within the next three to four years. Over the same period, it expects to deliver a clean FFO/share launch point of ...

SANTA MONICA, Calif., May 23, 2024 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation's leading owners, operators, and developers of major retail properties in top markets, today published its detailed Path-Forward plan to simplify the business, improve operational performance and reduce leverage under the leadership of new President and Chief Executive Officer Jack Hsieh. "I am excited to chart a new direction for Macerich and lead the company to elevated performance as we launch a simple, executa ...

SANTA MONICA, Calif., May 23, 2024 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation's leading owners, operators, and developers of major retail properties in top markets, today published its detailed Path-Forward plan to simplify the business, improve operational performance and reduce leverage under the leadership of new President and Chief Executive Officer Jack Hsieh. "I am excited to chart a new direction for Macerich and lead the company to elevated performance as we launch a simple, executa ...

OAKTON, Va., May 20, 2024 /PRNewswire/ -- Otto Ladder Safety, Inc. (the parent company of Otto Tech Systems) announced the election of H.P. Goldfield, Cory Scott, and James Bifulco to its Board of Directors. With technology embedded in a multiplatform ladder, Otto helps safety professionals see and manage something no one has ever seen - what happens before workers fall. Ladder accidents are the leading cause of death for construction workers. Field testing will conclude soon with the STO Building Group and ...

Macerich (MAC) has purchased the remaining 40% stake of both Arrowhead Towne Center in Metro Phoenix and South Plains Mall in Lubbock, TX, for $36.5 million plus the debt from its joint venture partner, which is a global institutional investor. With the move, Macerich has gained full ownership of both the properties. Apart from the acquisition, Macerich disclosed the execution of a contract for the sale of a prominent retail asset in a major market. This transaction, which is likely to close this summer, is ...