Macerich (MAC) Q1 FFO and Revenues Top Estimates

Macerich (MAC) came out with quarterly funds from operations (FFO) of $0.33 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to FFO of $0.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 6.45%. A quarter ago, it was expected that this shopping center real estate investment trust would post FFO of $0.47 per share when it actually produced FFO of $0.47, delivering no surprise.Over the last four quar ...