Here's What Key Metrics Tell Us About Macerich (MAC) Q4 Earnings

Core Insights - Macerich reported revenue of $273.68 million for the quarter ended December 2024, reflecting a 14.7% increase year-over-year and a surprise of +16.24% over the Zacks Consensus Estimate of $235.44 million [1] - The company's EPS for the quarter was $0.47, matching the consensus estimate but up from $0.29 in the same quarter last year [1] Financial Performance - Minimum rents generated $159.11 million, exceeding the average estimate of $138.07 million by three analysts, representing a year-over-year increase of +17% [4] - Management Companies revenues were reported at $7.72 million, slightly below the average estimate of $7.74 million, showing a year-over-year decline of -2.9% [4] - Tenant recoveries amounted to $65.89 million, surpassing the average estimate of $57.83 million, with a year-over-year increase of +22.4% [4] - Percentage rents reached $22.57 million, exceeding the average estimate of $14.80 million, indicating a +13% change year-over-year [4] Market Performance - Over the past month, Macerich's shares returned -1.4%, compared to a -2.2% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]