The ICSC conference in Las Vegas provided valuable information and enthusiasm about the retail industry. I've been saying for a decade and a half now that America built too many malls. Today, I will focus on the mall REIT sector, specifically Simon Property Group, Tanger Inc., and Macerich.
Macerich (MAC) announces the implementation of the Path-Forward Plan, which focuses on simplifying its business, elevating its financial performance and fortifying its balance sheet.
Macerich's (MAC) latest efforts are part of its strategic plan that entails business simplification through selective consolidation of some JV interests over time and strategic sales.