SANTA MONICA, Calif., May 16, 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 its purchase of the remaining 40% share of both Arrowhead Towne Center (Metro Phoenix) and South Plains Mall (Lubbock, Texas) for $36.5 million plus the debt, which for Arrowhead is a 7.2% cap rate, from its joint venture partner, a global institutional investor. This transaction, which closed on May 14, gives Mac ...

SANTA MONICA, Calif., May 16, 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 its purchase of the remaining 40% share of both Arrowhead Towne Center (Metro Phoenix) and South Plains Mall (Lubbock, Texas) for $36.5 million plus the debt, which for Arrowhead is a 7.2% cap rate, from its joint venture partner, a global institutional investor. This transaction, which closed on May 14, gives Mac ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | Maryland | | 95-4448705 | | | --- | --- | --- | --- | | (State or other jurisdiction of | | (I.R.S. Employer Identification Number) | | | incorporation or organization) | | | | | 401 Wilshire Boulevard, Suite 700, Santa Monica, California | | 90401 | | | (Address of principal executive office) | | (Zip Code) | | | (310) 394-6000 | | | | | (Registrant's telephone number, including area code) | | | | | N/A | | | | | (Former name, former ...

Walter Bibikow On April 30, 2024, the Macerich Company (NYSE:NYSE:MAC) reported its Q1, 2024 results, which presented a nightmare scenario for the existing shareholders, causing the Stock price to drop by double digits. There is definitely a component of worsened performance, which has triggered a notable repricing by the market, but there is also a sentiment from the past involved, where historically MAC has every now and then dropped a bombshell in the form of share dilution, that in the context of th ...

Shares of The Macerich Company (MAC) have lost 14.05% in the Apr 30 regular trading session on the NYSE after it reported funds from operations (FFO) per share, excluding financing expense in relation to Chandler Freehold, of 31 cents, missing the Zacks Consensus Estimate of 39 cents. Moreover, the figure declined 22.5% from the year-ago quarter’s 40 cents.The results reflected a year-over-year fall in quarterly revenues. This retail REIT also experienced a decline in same-center net operating income (NOI), ...

Macerich (MAC) reported $208.78 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 2.8%. EPS of $0.31 for the same period compares to -$0.27 a year ago.The reported revenue represents a surprise of -3.93% over the Zacks Consensus Estimate of $217.32 million. With the consensus EPS estimate being $0.39, the EPS surprise was -20.51%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Macerich (MAC) came out with quarterly funds from operations (FFO) of $0.31 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to FFO of $0.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -20.51%. A quarter ago, it was expected that this shopping center real estate investment trust would post FFO of $0.55 per share when it actually produced FFO of $0.56, delivering a surprise of 1.82%.Over the last ...

Exhibit 99.1 Earnings Results & Supplemental Information For the Three Months Ended March 31, 2024 The Macerich Company Earnings Results & Supplemental Information For the Three Months Ended March 31, 2024 Table of Contents All information included in this supplemental financial package is unaudited, unless otherwise indicated. | | Page No. | | --- | --- | | Executive Summary & Financial Highlights | 1 | | Executive Summary | 1 | | Financial Highlights | 4 | | Capital Information | 8 | | Capital Information ...

SANTA MONICA, Calif., April 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 June 3, 2024, to stockholders of record at the close of business on May 20, 2024. About 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 populated an ...

The Macerich Company (MAC) , with a solid leasing pipeline, is likely to continue witnessing healthy leasing activity at its properties in the quarters ahead, driving occupancy. Its focus on omnichannel retailing augurs well.The shift toward re-use and mixed-use properties through recapture and repositioning of anchor tenants remains a key emphasis, while bringing brands to new markets at its mall is likely to attract shoppers. However, growing e-commerce adoption raises concerns for the company. High inter ...