Macerich Stock Up 29.6% in 3 Months: Will the Momentum Continue?

Shares of Macerich (MAC) have rallied 29.6% over the past three months, outperforming the industry's upside of 1.6%.Macerich enjoys a portfolio of premium shopping centers in the United States. The company is witnessing healthy demand for its assets as evidenced by its strong leasing activity. Its focus on omnichannel retailing is likely to support its long-term growth. The balance sheet strengthening efforts will likely lower its leverage.In October 2024, the company acquired its partner’s 40% interest in ...