Macerich

Macerich Co. operates as a real estate investment trust, which engages in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States. It conducts all of its operations through the operating partnership and the management companies. The company was founded by Mace Siegel, Dana K. Anderson, Arthur M. Coppola and Edward C. Coppola in 1964 and is headquartered in Santa Monica, CA.

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Earnings data Q4 2024

Macerich (MAC) posts strong Q4 results, eyes growth with luxury retailers

Macerich (MAC) delivered a solid performance in Q4 '22 with positive sales trends and strong leasing metrics. Despite flat sales in Q4, annual sales were up 3%, showcasing consumer resilience. The company is strategically positioned for growth with a focus on redevelopment and attracting luxury retailers.

Macerich reports robust Q1 performance with strategic growth initiatives

Macerich's Q1 performance reflects strong leasing demand, NOI growth, and strategic refinancing activities
Operational strengths in diverse projects, billboards, and consumer traffic highlight growth potential
Challenges include banking uncertainty, occupancy gaps, and transitional vacancy impacts on rents
Opportunities lie in land sales, leverage targets, redevelopment projects, and industry networking

Macerich reports strong Q2 performance, navigates challenges with strategic focus

Macerich's Q2 2023 performance reflects resilience and growth, driven by strategic leasing activities and positive financial results.
Challenges like lower sales productivity and refinancing needs are being addressed, while opportunities in temporary attractions and mixed-use projects are being leveraged.
Management's focus on balancing financial stability and growth presents a path forward amidst economic challenges and evolving consumer trends.
Overall, Macerich's proactive approach positions them well to navigate the current retail landscape and capitalize on emerging opportunities.

Macerich reports strong Q3 performance, eyes growth amid diverse demand

Macerich's Q3 2023 performance reflects robust leasing activity, financial stability, and a positive outlook for future growth driven by diverse tenant demand.
While facing challenges in leverage targets and tenant negotiations, the company is well-positioned to leverage opportunities in its portfolio's varied uses and upcoming store openings.
Overall, Macerich's strong performance, strategic liquidity increase, and focus on NOI growth signal a promising trajectory amidst a dynamic leasing environment.

Macerich posts robust Q4 results, eyes growth through new leases

Macerich delivered a strong Q4 performance with positive FFO and NOI growth.
The company faces challenges in managing expenses and optimizing leasing spreads.
Opportunities lie in financing activities, new store openings, and upcoming projects.

MAC reports Q1 challenges but sees opportunities in innovative growth

MAC's Q1 performance reflects challenges with lower FFO per share but strengths in strong leasing volumes and positive leasing spreads. The company is optimistic about backfilling strategies for store closures and aims to reduce leverage while improving operational performance. Opportunities lie in innovative tenant replacements and strategic asset utilization for future growth.

Macerich (MAC) reports solid Q2 performance and strategic debt reduction

Macerich (MAC) demonstrated resilience and progress in Q2 2024, with a strong operational performance and strategic focus on debt reduction.
While facing challenges in debt management and market dynamics, the company's strengths in asset optimization and leasing efficiency position it well for future growth.
By leveraging opportunities to enhance its portfolio and drive operational improvements, Macerich (MAC) can navigate challenges and capitalize on market potential.

Macerich reports improved Q3 performance, targets debt reduction and growth

Macerich's Q3 performance reflects positive operational improvements, strong leasing activity, and a strategic focus on debt reduction and portfolio optimization.
While facing challenges in the retail landscape and leadership transitions, the company's proactive approach to growth initiatives and financial discipline positions it well for future success.
By leveraging opportunities in simplification, strategic acquisitions, and operational enhancements, Macerich aims to drive shareholder value and maintain a competitive edge in the market.

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Macerich Co. operates as a real estate investment trust, which engages in the acquisition, ownership, development, redevelopment, management, and leasing of regional and community shopping centers located throughout the United States. The company was founded by Mace Siegel Dana K. Anderson, Arthur M. Coppola and Edward C. Coppola in 1964 and is headquartered in Santa Monica, CA.

Rising e-commerce adoption and high interest rates are major headwinds for Macerich (MAC). However, a healthy retail real estate market and a focus on omni-channel retailing offer some support.

Macerich (MAC) Hurt by E-commerce Adoption & High Rates

In trading on Tuesday, shares of Macerich were yielding above the 6% mark based on its quarterly dividend (annualized to $0.68)

Macerich Breaks Above 6% Yield Territory

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Macerich (MAC) witnesses year-over-year growth in occupancy and same-center net operating income. However, the top line lags estimates.

Macerich (MAC) Q3 FFO Meets Estimates, Revenues Rise Y/Y

The Macerich Company (NYSE:MAC ) Q3 2023 Earnings Conference Call October 31, 2023 1:00 PM ET Company Participants Samantha Greening - Director Investor Relations Tom O'Hern - Chief Executive Officer Scott Kingsmore - Senior Executive Vice President and Chief Financial Officer Doug Healey - Senior Executive Vice President, Leasing Conference Call Participants Greg McGinnis - Scotiabank Jeffrey Spector - Bank of America Securities Samir Khanal - Evercore ISI Floris van Dijkum - Compass Point Alexander Goldfarb - Piper Sandler Hongliang Zhang - JPMorgan Caitlin Burrows - Goldman Sachs Ronald Kamdem - Morgan Stanley Operator Good day, ladies and gentlemen. Thank you for standing by.

The Macerich Company (MAC) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for Macerich (MAC) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Macerich (MAC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Macerich (MAC) came out with quarterly funds from operations (FFO) of $0.44 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.46 per share a year ago.

Macerich (MAC) Q3 FFO Meet Estimates

SANTA MONICA, Calif., Oct. 31, 2023 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) has released its Third Quarter 2023 Earnings Results and Supplemental Information by posting it to the Investor Relations section of its website at www.macerich.com.

Macerich Reports Third Quarter 2023 Results

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Macerich Achieves Sector Leading Ranking, Green Star Rating in GRESB Real Estate Assessment

Macerich's (MAC) success story at the Chandler Fashion Center in suburban Phoenix and Kings Plaza in Brooklyn serves as a testament to its strategic vision and adaptability in the retail real estate industry.

Macerich (MAC) Unveils SCHEELS at Chandler Fashion Center

250,000-Square-Foot, Experience-Focused Sporting Goods Retailer Welcomed First Shoppers Saturday, Sept. 30 New Retailer Takes Place of Former Department Store, Approximately 100,000 SF Larger Than Previous Anchor SANTA MONICA, Calif.

Macerich's Chandler Fashion Center Outside Phoenix Announces Successful Opening of Arizona's First SCHEELS

Macerich's (MAC) success story at Kings Plaza in Brooklyn serves as a testament to its strategic vision and adaptability in the retail industry.

Macerich's (MAC) Kings Plaza Thrives on New Leases, Renovations

New Stores Open in Former Sears Space – Including 3-Level Target, Primark, Zara and Burlington – Expected to Deliver Nearly 8 Times More in Annual Sales Than Sears

Macerich's Kings Plaza in Brooklyn Continues Transformation Through Leasing Successes, Targeted Renovations

SANTA MONICA, Calif., Sept. 27, 2023 (GLOBE NEWSWIRE) -- WHAT: Macerich (NYSE: MAC) Schedules Third Quarter 2023 Earnings Release and Conference Call

Macerich Schedules Third Quarter 2023 Earnings Release and Conference Call

Macerich has fallen by 70% over the last 5 years on a total return basis on the back of a bearish thesis that is increasingly not playing out. The REIT is comparatively undervalued, trading 45% lower than its peers on a price to trailing 12-month funds from operations basis. Record leasing volumes and rising occupancy rates indicate a strong post-pandemic rebound and a revival of US malls.

Macerich: U.S. Malls Are Not Dying

A robust retail real estate market and focus on omni-channel retailing and developing mixed-use assets will aid Macerich (MAC). However, e-commerce adoption and high interest rates are key woes.

Here's Why You Should Retain Macerich (MAC) Stock for Now

Boosting its liquidity and flexibility to capitalize on long-term growth opportunities, Macerich (MAC) amends and restates its existing revolving credit facility with a $650 million facility.

Macerich (MAC) Boosts Flexibility With $650M Credit Facility

New Credit Facility Enhances Company's Liquidity, Flexibility for Long-Term Growth New Credit Facility Enhances Company's Liquidity, Flexibility for Long-Term Growth

Macerich Closes Amended and Restated $650 Million Revolving Credit Facility

Men's Luxury at Scottsdale Fashion Square Continues to Deliver Remarkable Success with Standalone Gucci and Louis Vuitton Men's Stores

Macerich's Current Redevelopment at Scottsdale Fashion Square Progresses with More Retail Space for Men, More Dining

Aided by robust retail demand, Macerich (MAC) witnesses record leasing volume year to date. The company is expected to benefit from its encouraging leasing pipeline in the future.

Macerich (MAC) Inks Leases for 2.4MSF YTD on Solid Demand

In trading on Monday, shares of Macerich were yielding above the 6% mark based on its quarterly dividend (annualized to $0.68)

Macerich Passes Through 6% Yield Mark

A Media Snippet accompanying this announcement is available by clicking on the image or link below:  https://ml.globenewswire.com/1.0/snippet/2440/eng

News for Macerich Stock (MAC)