Group 1 - The Macerich Company (NYSE: MAC) is a REIT that specializes in malls and shopping centers, currently yielding about 3.8%, which is lower than the typical yield of 4.5% to 5% for many REITs [1] - The investment approach focuses on long-term ownership rather than short-term price predictions, emphasizing valuations over target prices [1] - The author transitioned from writing many Sell pieces to a simplified approach of "Buy or Don't Buy," with future articles likely to be categorized as Buy or Hold [1] Group 2 - The author has no current stock or derivative positions in any mentioned companies and has no plans to initiate any within the next 72 hours [2] - The article expresses the author's personal opinions and is not influenced by any business relationships with the companies discussed [2]
Macerich: Old Retail Is Fading