The Macerich (MAC) News
Market Cap: $4.39B
Avg Volume: 2.09M
Industry: REIT - Retail
Sector: Real Estate
Macerich Ties Up With PenFed for Tysons Corner Center Plaza
In a major boost to Macerich's Tysons Corner brand enhancement, the company agrees upon a multi-year sponsorship arrangement with PenFed.
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Macerich and PenFed Credit Union Secure Exclusive Sponsorship Agreement for Tysons Corner Center Plaza
Agreement Underscores PenFed Credit Union's Long-Standing Commitment to the Local Community and its Members Agreement Underscores PenFed Credit Union's Long-Standing Commitment to the Local Community and its Members
globenewswire.com
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Sell Alert: 2 REITs In Deep Trouble To Avoid
We are facing a challenging environment. Some REITs may not survive it. I discuss two REITs that could be facing significant trouble.
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MAC Copper Simplifies its Debt Structure with Lower Interest Rate and Improved Liquidity
ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC) MAC Copper Limited (“MAC” or the “Company”) is pleased to announce that it has successfully amended its debt and further simplified its balance sheet through the early repayment of the Sprott mezzanine facility. Overview of the Debt Facilities Old MAC facilities comprised of a US$159 million term loan facility, an undrawn US$25 million revolving credit facility, a US$145 million mezzanine facility1 and.
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Estee Lauder: What's Next for the Company That Owns Jo Malone, Bobbi Brown, MAC?
Estée Lauder CEO Stéphane de La Faverie says he is committed to reigniting growth and achieving "solid double-digit margin" for the company. "We need to be reactive to where the consumer goes, and we need to make sure we give them the innovation they are looking for in the time that they want it," he said.
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Macerich Announces Pindustry to Anchor HiFi at FlatIron Crossing
MAC announces that Pindustry will anchor its mixed-use outdoor development project, HiFi, adjacent to FlatIron Crossing in Colorado.
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Macerich Advances HiFi, Outdoor Mixed-Use Development at FlatIron Crossing in Colorado, Names Entertainment Anchor
Strategic Investment in Its Best Properties is Key Aspect of Macerich's Path Forward Plan Strategic Investment in Its Best Properties is Key Aspect of Macerich's Path Forward Plan
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Macerich Stock Falls Despite Meeting Q4 FFO Estimates, Revenues Beat
MAC's Q4 results reflect better occupancy and base rent re-leasing spreads, though lower same-center NOI and higher expenses affected the performance.
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The Macerich Company (MAC) Q4 2024 Earnings Call Transcript
The Macerich Company (NYSE:MAC ) Q4 2024 Earnings Conference Call February 27, 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 Floris Van Dijkum - Compass Point Craig Mailman - Citi Linda Tsai - Jefferies Andrew Reale - Bank of America Securities Vince Tibone - Green Street Alexander Goldfarb - Piper Sandler Haendel St. Juste - Mizuho Operator Ladies and gentlemen, thank you for standing by. Welcome to the Fourth Quarter 2024 Macerich Earnings Conference Call.
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Here's What Key Metrics Tell Us About Macerich (MAC) Q4 Earnings
Although the revenue and EPS for Macerich (MAC) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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Macerich (MAC) Q4 FFO Match Estimates
Macerich (MAC) came out with quarterly funds from operations (FFO) of $0.47 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.56 per share a year ago.
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Macerich Reports Fourth Quarter 2024 Results
SANTA MONICA, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) has released its Fourth Quarter 2024 Earnings Results and Supplemental Information by posting it to the Investor Relations section of its website at investing.macerich.com .
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Macerich To Present at Citi's 2025 30th Annual Global Property CEO Conference
SANTA MONICA, Calif., Feb. 25, 2025 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) announced today that Jack Hsieh, President and Chief Executive Officer, and Dan Swanstrom, Senior Executive Vice President, Chief Financial Officer, and Treasurer, will participate in a round table presentation at Citi's 2025 Global Property CEO Conference on Tuesday, March 4, 2025, at 1:30 pm Eastern Time.
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Stay Ahead of the Game With Macerich (MAC) Q4 Earnings: Wall Street's Insights on Key Metrics
Beyond analysts' top -and-bottom-line estimates for Macerich (MAC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
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MAC Copper Limited Announces 2024 Resource and Reserve Statement and Production Guidance
ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC), a private limited company incorporated under the laws of Jersey, Channel Islands (“MAC” or the “Company”) is pleased to release its Resource and Reserve Statement (as at 31 December 2024) (“R+R”) and 2 Year Production Guidance for the CSA Copper Mine in NSW. In accordance with Item 1300 of Regulation S-K (17 CFR Part 229) (“S-K 1300”), all Mineral Resources are reported exclusive of Mineral Reserves.
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2 REITs With Significant Upside Potential In 2025
2 REITs With Significant Upside Potential In 2025
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MAC Copper Limited Provides Notice of Release of Updated Resource and Reserve Statement, 2024 Annual Financial Statements & Appendix 4E and Conference Call Details
ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC) MAC Copper Limited ARBN 671 963 198 (NYSE: MTAL; ASX: MAC), a private limited company incorporated under the laws of Jersey, Channel Islands (“MAC” or the “Company”) will release its updated Resource and Reserve Statement (as at 31 December 2024) on Monday, February 24, 2025 before market open (New York time) / after market close (Sydney time). The Company will also release its 2024 Annual Financial St.
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Macerich Declares the Quarterly Dividend on Its Common Shares
SANTA MONICA, Calif., Feb. 14, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $0.17 per share of common stock. The dividend is payable on March 18, 2025, to stockholders of record at the close of business on March 4, 2025.
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Macerich Schedules Fourth Quarter 2024 Earnings Release and Conference Call
SANTA MONICA, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) -- WHAT: Macerich (NYSE: MAC) Schedules Fourth Quarter 2024 Earnings Release and Conference Call
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MAC Copper Limited Announces December 2024 Quarterly Report
ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited (NYSE: MTAL; ASX:MAC) MAC Copper Limited ARBN 671 963 198 (NYSE: MTAL; ASX: MAC), a private limited company incorporated under the laws of Jersey, Channel Islands (“MAC” or the “Company”) is pleased to release its December 2024 quarterly activities report (“Q4 2024” or “December quarter”). HIGHLIGHTS Record quarterly production of 11,320 tonnes at a 4.1% Cu grade Material improvement in TRIFR to 10.9 in Q4 2024 from a TRIFR of 14.2 recorde.
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How The 'Smart Money' Is Investing In REITs Right Now
Passive investors commonly outperform active investors. REITs are an exception in which active strategies outperform. Here is what some of the world's best REIT investors are today buying.
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Macerich Announces Appointment of Devin Murphy to Board of Directors
Murphy Previously Served as President of Phillips Edison & Company (NASDAQ: PECO), One of the Nation's Largest Owners and Operators of Grocery-anchored Neighborhood Shopping Centers; Brings Nearly Three Decades of Investment Banking Experience to the Board Murphy Previously Served as President of Phillips Edison & Company (NASDAQ: PECO), One of the Nation's Largest Owners and Operators of Grocery-anchored Neighborhood Shopping Centers; Brings Nearly Three Decades of Investment Banking Experience to the Board
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The State Of REITs: January 2025 Edition
The REIT sector took a beating in December with an average total return of -6.85% but still finished in the black for full year 2024 (+3.70%). Small cap (-5.98%) and mid cap REITs (-6.62%) outperformed large caps (-7.43%) and micro caps (-8.63%) in December. Only 9.68% of REIT securities had a positive total return in December. 55.63% had a positive total return for all of 2024.
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Macerich Announces Tax Treatment Of 2024 Dividends
SANTA MONICA, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) today announced the tax treatment for dividend distributions taxable in 2024 on its Common Stock.
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Macerich Stock Up 20.7% in Six Months: Will the Trend Last?
MAC is set to benefit from a premium shopping center portfolio, efforts to support omnichannel retailing and balance-sheet strengthening amid higher tenant bankruptcies.
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MAC Copper Limited Provides Notice of Release of Fourth Quarter 2024 Results and Conference Call Details
ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC) MAC Copper Limited ARBN 671 963 198 (NYSE: MTAL; ASX: MAC), a private limited company incorporated under the laws of Jersey, Channel Islands (“MAC” or the “Company”) will release its fourth quarter 2024 results on Tuesday, January 28, 2025 after market close (New York time) / Wednesday, January 29, 2025 before market open (Sydney time). Conference Call The Company will host a conference call and webcas.
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Is Macerich Now A Buy?
Macerich has rallied heavily over the last year as market enthusiasm builds over its Path Forward Plan. The REIT is currently trading for 13.5x times its annualized third-quarter FFO and offers a modest 3.31% dividend yield. The November equity offering should be accretive, but revenue is set to dip in future quarters on asset sales and givebacks.
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Is it Wise to Retain Macerich Stock in Your Portfolio Now?
MAC''s portfolio of premium shopping centers, focus on omnichannel retailing and development of mixed-use assets are strengths despite growing e-commerce adoption.
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A2MAC1 collaborates with Microsoft to Help Customers in the Automotive Industry Engineer more affordable and greener vehicles faster and with more confidence
A2MAC1 Selects Microsoft Azure as its Preferred Cloud Platform and Launches its Cost and Sustainability Suite in the Azure Marketplace.
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The State Of REITs: December 2024 Edition
The REIT sector bounced back from a rough October with a strong +3.19% average total return in November. Small cap (+4.19%), mid cap (+3.70%), and large cap (+3.39%) REITs averaged gains in November, while micro caps (-0.81%) finished the month in the red. 74.19% of REIT securities had a positive total return in November.
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MAC Copper Limited and Sprott Amend Loan Agreement to Permit Early Repayment
ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC): MAC Copper Limited (“MAC” or the “Company”) is pleased to announce that it has agreed amendments with Sprott Private Resource Lending II (Collector-2), LP (“Sprott”) to its mezzanine debt facility, enabling the option for early repayment (“Amendment Deed”). Under the terms of the Amendment Deed, MAC now has the option, but not the obligation, to repay the mezzanine loan in full between 1 January 2025.
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Macerich Stock Up 29.6% in 3 Months: Will the Momentum Continue?
MAC's premium shopping centers portfolio is likely to gain from healthy retail demand, aiding higher leasing activity and focus on omnichannel retailing.
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Top 3 Real Estate Stocks That May Plunge This Month
As of Dec. 16, 2024, three stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
benzinga.com
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Why Is Macerich (MAC) Up 13.3% Since Last Earnings Report?
Macerich (MAC) reported earnings 30 days ago. What's next for the stock?
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Why developers are turning to shopping malls to fix the housing crisis
More people are living at American malls as real estate developers knock down department stores and construct apartment buildings in their place. At least 192 U.S. malls planned to add housing to their footprint as of January 2022, and at least 33 had constructed apartments since the pandemic began.
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Macerich Announces Pricing of Upsized Public Offering of Common Stock
SANTA MONICA, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company” or “Macerich”) announced today that it has priced an underwritten public offering of 20,000,000 shares of common stock at a price to public of $19.75 per share for expected gross proceeds of approximately $395.0 million. The Company has also granted the underwriters a 30-day option to purchase up to 3,000,000 additional shares of its common stock. This reflects an upsizing of the previously announced offering of 18,000,000 shares of common stock. Subject to customary closing conditions, the offering is expected to close on November 27, 2024.
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Macerich Announces Commencement of Public Offering of Common Stock
SANTA MONICA, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company” or “Macerich”) announced today that it has commenced an underwritten public offering of 18,000,000 shares of common stock. The Company expects to grant the underwriters a 30-day option to purchase up to 2,700,000 additional shares of its common stock.
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Macerich's Q3 FFO Lags Estimates, Revenues Increase Y/Y
MAC's Q3 performance reflects a year-over-year increase in interest expenses. However, same-center NOI, including lease termination income, rises.
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The Macerich Company (MAC) Q3 2024 Earnings Conference Call Transcript
The Macerich Company (NYSE:MAC ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 PM ET Company Participants Samantha Greening - Director of IR Jack Hsieh - President, CEO and Director Doug Healey - SEVP of Leasing Scott Kingsmore - SEVP, CFO and Treasurer Conference Call Participants Jeffrey Spector - Bank of America Securities Floris van Dijkum - Compass Point Craig Mailman - Citi. Samir Khanal - Evercore Alexander Goldfarb - Piper Sandler Michael Mueller - JPMorgan Linda Tsai - Jefferies Caitlin Burrows - Goldman Sachs Haendel St Juste - Mizuho Operator Ladies and gentlemen, thank you for standing by.
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Macerich (MAC) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for Macerich (MAC) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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Macerich (MAC) Q3 FFO Lag Estimates
Macerich (MAC) came out with quarterly funds from operations (FFO) of $0.38 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to FFO of $0.44 per share a year ago.
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The Macerich Company Announces CFO Change
Dan Swanstrom Named as Chief Financial Officer of The Macerich Company Dan Swanstrom Named as Chief Financial Officer of The Macerich Company
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Macerich (MAC) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
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 September 2024.
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GRESB Real Estate Assessment Ranks Macerich #1, U.S. Retail, for 10th Consecutive Year
Leading Retail REIT Again Recognized by Respected Sustainability Assessment for Industry-Leading Commitment to Performance and ESG Practices Leading Retail REIT Again Recognized by Respected Sustainability Assessment for Industry-Leading Commitment to Performance and ESG Practices
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BioStem Technologies Initiates Nationwide Launch of Vendaje AC® with Venture Medical Following Established Reimbursement in All Medicare Administrative Contractor (MAC) Regions
The pricing announcement from the Center for Medicare Services became effective on October 1, 2024, and allows BioStem to begin marketing initiatives with Venture Medical POMPANO BEACH, Fla., October 29, 2024 – PRISM MediaWire – BioStem Technologies Inc.
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Macerich Refinances Top-Performing Queens Center at Favorable Terms
5.37% Fixed Rate for 5 Years, Interest Only, on $525M Loan Lowest Refi Rate Achieved by Company in Past 5 Years SANTA MONICA, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of major retail properties in top markets, today announced that it has refinanced fortress property Queens Center at highly favorable terms with a new $525 million loan bearing fixed interest of 5.37% and interest-only payments during the entire term.
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Macerich: Old Retail Is Fading
Macerich is a REIT focused on malls and shopping centers, currently yielding 3.8%, with no clear growth story. Management aims to reduce debt by $2B through asset sales, but this likely means revenue and cash flows will decline in the near term. E-commerce growth and the shift from brick-and-mortar retail present significant challenges, making MAC's turnaround and profitable growth uncertain.
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Macerich Schedules Third Quarter 2024 Earnings Release and Conference Call
SANTA MONICA, Calif., Oct. 02, 2024 (GLOBE NEWSWIRE) -- WHAT: Macerich (NYSE: MAC) Schedules Third Quarter 2024 Earnings Release and Conference Call
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Why Is Macerich (MAC) Up 0.8% Since Last Earnings Report?
Macerich (MAC) reported earnings 30 days ago. What's next for the stock?
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What I Wish I Knew Before Buying REITs
REITs are proven long-term wealth compounders with the benefits of real estate investing, economies of scale, and diversification. However, there are several important aspects of REIT investing that many investors fail to take into account. We discuss four key lessons that investors should keep in mind when investing in REITs.
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AN2 Therapeutics Provides Update on EBO-301 Phase 2/3 Study Evaluating Epetraborole for Treatment-Refractory Mycobacterium avium Complex (MAC) Lung Disease
MENLO PARK, Calif.--(BUSINESS WIRE)--AN2 Therapeutics, Inc. (Nasdaq: ANTX), a biopharmaceutical company focused on discovering and developing novel small molecule therapeutics derived from its boron chemistry platform today announced topline results from the Phase 2 part of the EBO-301 Phase 2/3 study evaluating epetraborole on top of an optimized background regimen (OBR) in treatment-refractory MAC lung disease. The Phase 2 part of the study met its primary objective of demonstrating the poten.
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Macerich (MAC) Q2 FFO Surpasses Estimates, Revenues Miss
Macerich's (MAC) Q2 results reflect an increase in same-center net operating income. The company also continues with its portfolio quality refining and balance sheet improving efforts.
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Macerich: Probability Of Better Dividends Is Weak
MAC reported FFO numbers for its second quarter that dipped 1 cent per share year-over-year. The dividend is 230% covered by FFO but still sits almost 80% below its pre-pandemic level. Management has not made it clear that their path forward plan intends to boost the capacity for more substantial dividend payouts.
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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.
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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.
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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.
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Macerich Reports Second Quarter 2024 Results
SANTA MONICA, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) has released its Second Quarter 2024 Earnings Results and Supplemental Information by posting it to the Investor Relations section of its website at www.macerich.com.
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Macerich Announces the Return of Diana M. Laing to Board of Directors
Laing Previously Served on Macerich Board from 2003-2022; Was Board Member at Spirit Realty Capital During Macerich President and CEO Jackson Hsieh's Successful Tenure at the Company Laing Previously Served on Macerich Board from 2003-2022; Was Board Member at Spirit Realty Capital During Macerich President and CEO Jackson Hsieh's Successful Tenure at the Company
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Macerich Schedules Second Quarter 2024 Earnings Release and Conference Call
SANTA MONICA, Calif., June 26, 2024 (GLOBE NEWSWIRE) -- WHAT: Macerich (NYSE: MAC) Schedules Second Quarter 2024 Earnings Release and Conference Call WHEN: Earnings Results will be released before market open on Wednesday, July 31, 2024.
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Why Is Macerich (MAC) Up 7.6% Since Last Earnings Report?
Macerich (MAC) reported earnings 30 days ago. What's next for the stock?
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Macerich To Present at Nareit's REITweek 2024 Investor Conference
SANTA MONICA, Calif., May 28, 2024 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation's leading owners, operators, and developers of major retail properties in top markets, announced today that it will participate in Nareit's REITweek 2024 Investor Conference June 4 and June 5, 2024.
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Rally Gets Reality Check
U.S. equity markets snapped a four-week winning streak while benchmark interest rates rebounded as hopes for imminent major central bank monetary easing were curtailed by stubbornly hot U.K. inflation data. Still hovering around all-time highs, the S&P 500 finished fractionally lower, but tech stocks were led higher by chip giant Nvidia on the heels of an impressive "AI-enhanced" earnings report. Halting a four-week rebound and continuing to be swung around by rate movements, real estate equities fell sharply this week as benchmark rates rebounded from one-month lows.
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Earn Big Income From 2 Incredible Stocks
2024 is a transitional year for these two companies. I love low-drama holdings that set clear expectations. Collect income, spot-check, and enjoy life.
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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.
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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.
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Macerich Launches Path-Forward Plan
SANTA MONICA, Calif., May 23, 2024 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation's leading owners, operators, and developers of major retail properties in top markets, today published its detailed Path-Forward plan to simplify the business, improve operational performance and reduce leverage under the leadership of new President and Chief Executive Officer Jack Hsieh.
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Otto Tech Systems Adds 3 New Members to Its Board of Directors
OAKTON, Va. , May 20, 2024 /PRNewswire/ -- Otto Ladder Safety, Inc. (the parent company of Otto Tech Systems) announced the election of H.P.
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Surprise Spring Slowdown
U.S. equity markets climbed to fresh record highs, while benchmark interest rates dipped to one-month lows after a critical slate of inflation and retail sales data showed an unexpected cooldown. Reflecting the mounting quantity of downside economic surprises, the Citi Economic Surprise Index dipped to the lowest level since early 2023, indicating a rather abrupt reversal in economic momentum. Mildly encouraging inflation news and sluggish retail sales data lifted bets that the Fed can cut rates multiple times this year. Climbing to fresh record highs, the S&P 500 gained 1.6%.
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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.
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CORRECTION - Macerich Announces Initial Progress in its Path Forward Strategic Plan
Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Retail Asset Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Retail Asset
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UPDATE - Macerich Announces Initial Progress in its Path Forward Strategic Plan
Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Retail Asset Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Retail Asset
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Macerich Announces Initial Progress in its Path Forward Strategic Plan
Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Non-Mall Asset Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Non-Mall Asset
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Notable Insider Buying at Disney and More This Week
The first full week of May did not bring more notable insider purchases from Warren Buffett.
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Macerich: Bad Quarter, Bad Track-Record, But Promising Future
Macerich Company's Q1 2024 earnings report caused a significant drop in stock price, raising concerns about the overall investability here. The company's performance was below expectations, with FFO per share coming in lower than the previous year and guidance. The report highlighted struggles with Express bankruptcy, increased extraordinary costs, and a strategic shift in capital allocation.
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Mall giant Macerich likely to start defaulting on maturing loans, says Barclays
Shopping mall giant Macerich Co. looks poised to start defaulting on more of its maturing mall loans, according to Barclays.
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Macerich (MAC) Stock Declines on Q1 FFO Miss, Revenues Fall Y/Y
Macerich's (MAC) first-quarter FFO per share misses estimates while the top line witnesses a decline year over year.
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The Macerich Company (MAC) Q1 2024 Earnings Call Transcript
The Macerich Company (NYSE:MAC ) Q1 2024 Earnings Conference Call April 30, 2024 1:00 PM ET Company Participants Samantha Greening - Director of Investor Relations Jackson Hsieh - President, CEO and Director Scott Kingsmore - Senior Executive Vice President, Chief Financial Officer and Treasurer Doug Healey - Senior Executive Vice President of Leasing Conference Call Participants Jeffrey Spector - Bank of America Securities Greg McGinniss - Scotiabank Samir Khanal - Evercore ISI Floris van Dijkum - Compass Point Linda Tsai - Jefferies Alexander Goldfarb - Piper Sandler Michael Mueller - JPMorgan Operator Ladies and gentlemen, thank you for standing by. Welcome to the First Quarter 2024 Macerich Earnings Conference Call.
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Compared to Estimates, Macerich (MAC) Q1 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 March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
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Macerich (MAC) Q1 FFO and Revenues Miss Estimates
Macerich (MAC) came out with quarterly funds from operations (FFO) of $0.31 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to FFO of $0.40 per share a year ago.
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Macerich Reports First Quarter 2024 Results
SANTA MONICA, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) has released its First Quarter 2024 Earnings Results and Supplemental Information by posting it to the Investor Relations section of its website at www.macerich.com.
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Macerich Celebrates Earth Month With ‘You Pledge We Plant' Campaign, Industry Recognition
Campaign To Plant 100,000+ Trees to Support Reforestation, Urban Forestry Retail REIT Named Green Lease Leader, Honored Among ‘America's Most Responsible Companies' SANTA MONICA, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of high-quality retail real estate in top markets, is celebrating Earth Month with its “You Pledge We Plant” campaign to plant more than 100,000 trees across the country.
globenewswire.com
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The Top 3 REITs to Buy in April 2024
Research firm Nareit's prediction that 2024 will be a year that top REITs are “well-situated for outsized performance” hasn't yet come to fruition. Much of its predictive power rested on the assumption that the Fed would cut rates early in the year, which seems increasingly unlikely.
investorplace.com
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Who's Shopping For Mall REITs?
American malls are experiencing a possible revival, with visits surging and the gap between pre-pandemic levels narrowing. Malls are evolving into hybrid entertainment destinations, offering experiences that online retail cannot replicate. Mall REITs like Simon Property Group and The Macerich Company are attractive investment options due to their strong portfolios and potential for growth.
seekingalpha.com
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Is It Wise to Retain Macerich (MAC) Stock in Your Portfolio?
A portfolio of premium shopping centers, a focus on omnichannel retailing and developing mixed-use assets are likely to support Macerich (MAC) despite higher e-commerce adoption and high interest rates.
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My Biggest Losses And Lessons
All investors, including even Warren Buffett, have suffered big losses. We take risks to earn returns and sometimes, risk factors play out. At other times, we also made mistakes in our analysis.
seekingalpha.com
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Macerich Schedules First Quarter 2024 Earnings Release and Conference Call
SANTA MONICA, Calif., April 08, 2024 (GLOBE NEWSWIRE) -- WHAT: Macerich (NYSE: MAC) Schedules First Quarter 2024 Earnings Release and Conference Call
globenewswire.com
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Metals Acquisition Limited Announces Non-Executive Director Resignation
ST. HELIER, Jersey–(BUSINESS WIRE)–Metals Acquisition Limited ARBN 671 963 198 (NYSE: MTAL; ASX: MAC), a private limited company incorporated under the laws of Jersey, Channel Islands (“MAC” or the “Company”) advises that Mr Rhett Bennett, has resigned from his position as a Non-Executive Director of the Company, with immediate effect. The Board has for some … The post Metals Acquisition Limited Announces Non-Executive Director Resignation appeared first on Headlines of Today...
headlinesoftoday.com
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Metals Acquisition Limited Provides Notice of 2023 Annual Report and Conference Call Details
ST. HELIER, Jersey–(BUSINESS WIRE)–Metals Acquisition Limited ARBN 671 963 198 (NYSE: MTAL; ASX: MAC), a private limited company incorporated under the laws of Jersey, Channel Islands (“MAC” or the “Company”) announces its Annual Report for the financial year ended 31 December 2023 (“2023 Annual Report”). The Company is not an Australian incorporated entity and, accordingly, … The post Metals Acquisition Limited Provides Notice of 2023 Annual Report and Conference Call Details appeared first on...
headlinesoftoday.com
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Key Reasons to Add Macerich (MAC) to Your Portfolio Now
Healthy retail demand, focus on mixed-use development and capital-recycling moves bode well for Macerich (MAC).
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Macerich Marks 30 Years as Public Company, Rings Closing Bell at New York Stock Exchange
New Company President & CEO Jack Hsieh Joined by Senior Executives for Celebratory Milestone New Company President & CEO Jack Hsieh Joined by Senior Executives for Celebratory Milestone
globenewswire.com
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Mall Mania: Shop Till Ya' Drop
I was once a retail developer. But I never built a mall. However, I do have a wife and four daughters who love to shop, so maybe that makes me a mall expert.
seekingalpha.com
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The Macerich Company Announces Grant of Employment Inducement Award in Connection with Appointment of Jackson Hsieh as President and Chief Executive Officer
SANTA MONICA, Calif., March 01, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company”) announced that it granted two inducement equity awards to Jackson Hsieh on March 1, 2024, the effective date of Mr. Hsieh's appointment as President and Chief Executive Officer of the Company, pursuant to the employment agreement entered into between the Company and Mr. Hsieh effective March 1, 2024. The awards were granted in accordance with New York Stock Exchange Listed Company Manual Rule 303A.08 as an inducement to Mr. Hsieh's employment with the Company.
globenewswire.com
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Macerich: Q4 And Guidance Imply That Upside Is Exhausted
Macerich: Q4 And Guidance Imply That Upside Is Exhausted
seekingalpha.com
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Macerich (MAC) Stock Rises on Q4 FFO Beat, Revenues Miss
Macerich (MAC) witnesses year-over-year growth in occupancy and same-center NOI. However, the top line lags estimates.
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The Macerich Company (MAC) Q4 2023 Earnings Call Transcript
The Macerich Company (MAC) Q4 2023 Earnings Call Transcript
seekingalpha.com
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