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BioStem Technologies Initiates Nationwide Launch of Vendaje AC® with Venture Medical Following Established Reimbursement in All Medicare Administrative Contractor (MAC) Regions
Prism Media Wire· 2024-10-29 11:00
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, ...
Macerich Refinances Top-Performing Queens Center at Favorable Terms
GlobeNewswire News Room· 2024-10-29 11:00
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 ...
Macerich: Old Retail Is Fading
Seeking Alpha· 2024-10-16 07:40
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 ...
Why Is Macerich (MAC) Up 0.8% Since Last Earnings Report?
ZACKS· 2024-08-30 16:37
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 ...
Macerich(MAC) - 2024 Q2 - Quarterly Report
2024-08-08 15:04
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Macerich (MAC) Q2 FFO Surpasses Estimates, Revenues Miss
ZACKS· 2024-08-01 16:55
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 ...
Macerich: Probability Of Better Dividends Is Weak
Seeking Alpha· 2024-08-01 15:48
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 ...
Macerich: Solid Progress, But Leverage Remains A Concern
Seeking Alpha· 2024-08-01 14:17
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 ...
Macerich(MAC) - 2024 Q2 - Earnings Call Transcript
2024-07-31 20:21
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 ...
Macerich (MAC) Q2 FFO Top Estimates
ZACKS· 2024-07-31 13:21
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 ...