Macerich Q2 FFO Misses Estimates, Occupancy Declines Y/Y
MAC's second-quarter FFO fell short of estimates on lower occupancy and higher expenses, but leasing activities and revenue growth offer bright spots.
The Macerich Company (MAC) Q2 2025 Earnings Call Transcript
The Macerich Company (NYSE:MAC ) Q2 2025 Earnings Conference Call August 11, 2025 5:00 PM ET Company Participants Brad Miller - Senior Vice President of Asset Management Daniel E. Swanstrom - CFO, Treasurer & Senior EVP Douglas J.
Macerich (MAC) Reports Q2 Earnings: What Key Metrics Have to Say
The headline numbers for Macerich (MAC) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Macerich (MAC) Q2 FFO Miss Estimates
Macerich (MAC) came out with quarterly funds from operations (FFO) of $0.32 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to FFO of $0.44 per share a year ago.
Stay Ahead of the Game With Macerich (MAC) Q2 Earnings: Wall Street's Insights on Key Metrics
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Macerich (MAC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2025.
The Macerich Company: A Turnaround In Progress, But Too Many Risks For Now
Macerich owns high-quality mall assets with strong foot traffic, but faces macroeconomic headwinds and operational uncertainties. Management's ambitious 'Macerich 2.0' plan targets 36% FFO growth and significant deleveraging, but relies heavily on a favorable economy. Dividend coverage remains weak, debt is high, and management's optimism feels overly promotional given current risks.
Macerich Stock Gains 15.8% in Three Months: Will the Trend Last?
MAC is set to benefit from a premium shopping center portfolio, efforts to support omnichannel retailing and an aggressive capital-recycling program.
Macerich Expands Portfolio With Crabtree Acquisition in Raleigh
MAC acquires Raleigh's Crabtree Mall for $290M, boosting portfolio strength and supporting its Path Forward Plan.
Harmony Gold Boosts Copper Footprint With Acquisition of MAC Copper
HMY is set to acquire MAC Copper for $1.03B, boosting cash flow and advancing its strategy to become a top low-cost gold and copper producer.
Harmony Gold to Buy MAC Copper in $1.03 Billion Deal
The deal increases the miner's exposure to copper, a commodity central to the energy transition.
Macerich's Q1 FFO & Revenues Beat Estimates, Occupancy Dips Y/Y
MAC's Q1 results reflect healthy leasing, driving same-center NOI and higher base rent re-leasing spreads. Yet, occupancy declines and costs rise year over year.
The Macerich Company (MAC) Q1 2025 Earnings Call Transcript
The Macerich Company (NYSE:MAC ) Q1 2025 - Earnings Conference Call May 12, 2025 1:00 PM ET Company Participants Samantha Greening - Director, IR Jack Hsieh - President & CEO Dan Swanstrom - SEVP & CFO Doug Healey - SEVP, Leasing Brad Miller - SVP, Portfolio Management Conference Call Participants Ki Bin Kim - Truist Craig Mailman - Citi Linda Tsai - Jefferies Ronald Kamdem - Morgan Stanley Samir Khanal - Bank of America Floris Van Dijkum - Compass Point Greg McGinnis - Scotiabank Vince Tibone - Green Street Omotayo Okusanya - Deutsche Bank Alexander Goldfarb - Piper Sandler Haendel St. Juste - Mizuho Caitlin Burrows - Goldman Sachs Michael Mueller - JPMorgan Operator Ladies and gentlemen, thank you for standing by, and welcome to the First Quarter 2025 Macerich Earnings Conference Call. At this time, all participants are in a listen only mode.
