The Macerich Company (MAC)
Macerich: Solid Progress, But Leverage Remains A Concern
Macerich Company delivered solid Q2, 2024 quarter, especially when it comes to the deleveraging front. The asset disposals so far (including those which are under negotiations) explain already 50% of the $2 billion debt recution target. The business performance was relatively solid, where the FFO per share dropped only by $0.01, which could be viewed positively given the multiple pressures.
Compared to Estimates, Macerich (MAC) Q2 Earnings: A Look at Key Metrics
Although the revenue and EPS for Macerich (MAC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Macerich (MAC) Q2 FFO Top Estimates
Macerich (MAC) came out with quarterly funds from operations (FFO) of $0.44 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to FFO of $0.40 per share a year ago.
Why Is Macerich (MAC) Up 7.6% Since Last Earnings Report?
Macerich (MAC) reported earnings 30 days ago. What's next for the stock?
Mall Mania
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) Implements Path-Forward Plan, Bolsters Growth
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 (MAC) Unveils Initial Achievements in Strategic Plan
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.
