Macerich Q3 FFO & Revenues Miss Estimates, Occupancy Declines Y/Y

Key Takeaways Macerich's Q3 FFO of $0.35 missed estimates and declined from $0.38 a year ago.Leasing volume surged 81%, lifting NOI and marking 16 straight quarters of rent growth.MAC sold three malls for $426M and ended Q3 with about $1B in liquidity.The Macerich Company (MAC) reported third-quarter 2025 funds from operations (FFO) per share of 35 cents, lagging the Zacks Consensus Estimate of 36 cents. The reported figure compares unfavorably with the prior-year quarter’s 38 cents.Results reflected a decl ...