Macerich (MAC) Q4 FFO Match Estimates

Core Insights - Macerich reported quarterly funds from operations (FFO) of $0.47 per share, matching the Zacks Consensus Estimate, but down from $0.56 per share a year ago [1] - The company posted revenues of $273.68 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 16.24%, compared to $238.69 million in the same quarter last year [2] - The stock has added about 1% since the beginning of the year, underperforming the S&P 500's gain of 1.3% [3] Financial Performance - The FFO for the previous quarter was expected to be $0.40 per share, but the actual result was $0.38, resulting in a surprise of -5% [1] - Over the last four quarters, Macerich has surpassed consensus FFO estimates only once [1] - The current consensus FFO estimate for the upcoming quarter is $0.33 on revenues of $207.82 million, and for the current fiscal year, it is $1.55 on revenues of $892.82 million [7] Market Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call [3] - The estimate revisions trend for Macerich is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] - The REIT and Equity Trust - Retail industry is currently in the top 28% of Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]