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.

While Macerich's (MAC) first-quarter FFO per share beats estimates, revenues lag the consensus mark. The retail REIT tweaks its 2022 guidance.

Macerich's (MAC) Q1 FFO Beats, Revenues Lag, Stock Down

The Macerich Company (NYSE:MAC ) Q1 2022 Earnings Conference Call May 9, 2022 1:00 PM ET Company Participants Samantha Greening - Director of Investor Relations Thomas O'Hern - CEO & Director Scott Kingsmore - Senior EVP, CFO & Treasurer Douglas Healey - Senior EVP & Head of Leasing Conference Call Participants Derek Johnston - Deutsche Bank Craig Schmidt - BofA Securities Samir Khanal - Evercore ISI Floris Van Dijkum - Compass Point Research Linda Tsai - Jefferies Mike Mueller - JPMorgan Ki Bin Kim - Truist Securities Richard Hill - Morgan Stanley Michael Bilerman - Citigroup Caitlin Burrows - Goldman Sachs Operator Good day, and welcome to The Macerich Company First Quarter 2022 Earnings Call. Today's conference is being recorded.

The Macerich Company (MAC) CEO Thomas O'Hern on Q1 2022 Results - Earnings Call Transcript

Macerich (MAC) delivered FFO and revenue surprises of 8.70% and 2.73%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Macerich (MAC) Surpasses Q1 FFO Estimates

SANTA MONICA, Calif. , May 9, 2022 /PRNewswire/ -- The Macerich Company (NYSE: MAC, the "Company") today has released its First Quarter 2022 Earnings Results and Supplemental Information by posting it to the investor relations section of its website at www.macerich.com (Investors, Financial Information Section).

MACERICH RELEASES QUARTERLY RESULTS

SANTA MONICA, Calif. , May 9, 2022 /PRNewswire/ -- The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.15 per share of common stock.

MACERICH DECLARES THE QUARTERLY DIVIDEND ON ITS COMMON SHARES

Macerich (MAC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in FFO estimate revisions may not translate into further price increase in the near term.

Macerich (MAC) Stock Jumps 8.7%: Will It Continue to Soar?

The Macerich Company, like Tanger and Simon Property Group, has a unique approach to retail commercial real estate. Macerich doesn't have Simon's scale or balance sheet. But MAC's portfolio holds $11 billion in gross assets, many of which are high-quality.

Is Macerich Company A Value Trap?

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SANTA MONICA, Calif. , April 7, 2022 /PRNewswire/ -- WHAT: Macerich (NYSE: MAC) Schedules First Quarter 2022 Earnings Release WHEN: Earnings Results will be released before market open on Monday, May 9, 2022.

MACERICH SCHEDULES FIRST QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL

I am initiating coverage of Macerich with a BUY rating. High foot traffic and sales productivity in Macerich's Class A malls have improved and are near the 2019 levels.

Macerich: Increased Customer Traffic Offers Growth Potential

One of Macerich's core financial strategies just paid off for the mall REIT.

This REIT Just Sold a High-End Mall for Nothing: What It Means

Macerich's financial results have already rebounded most of the way to pre-pandemic levels, and investors can expect further progress over the next few years.

Macerich Earnings: The Mall REIT's Recovery Continues

Macerich's (MAC) fourth-quarter results reflect a better-than-expected top line. A surge in customer traffic acts as a positive and Macerich experiences a rise in the occupancy level.

Macerich (MAC) Q4 FFO & Revenues Beat Estimates, Stock Rises

The Macerich Company (MAC) CEO Thomas O'Hern on Q4 2021 Results - Earnings Call Transcript

Macerich (MAC) delivered FFO and revenue surprises of 10.42% and 4.32%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Macerich (MAC) Surpasses Q4 FFO and Revenue Estimates

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SANTA MONICA, Calif., Jan. 18, 2022 /PRNewswire/ -- The Macerich Company (NYSE: MAC) today announced the tax treatment for dividend distributions taxable in 2021 on its Common Stock.

MACERICH ANNOUNCES TAX TREATMENT OF 2021 DIVIDENDS

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These 5 REITs Offer 2022 Upside Potential of More Than 20%

SANTA MONICA, Calif., Jan. 5, 2022 /PRNewswire/ -- WHAT: Macerich (NYSE: MAC) Schedules Fourth Quarter 2021 Earnings Release WHEN: Earnings Results will be released before market open on Thursday, February 10, 2022.

MACERICH SCHEDULES FOURTH QUARTER 2021 EARNINGS RELEASE AND CONFERENCE CALL

Management is addressing debt issue. Mixed-use facilitates are underrated.

I Am Buying Macerich Properties

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Macerich's business performance is often overshadowed by poor management. The company raised cash during the peak of lockdown, securing liquidity and diluting share count by 50% since 2020.

Macerich Is Worth At Least $22 By 2022

Mall REITs have rebounded in 2021, but what exactly is driving the rebound? Is it pent-up demand, or is there more to the story?

News for Macerich Stock (MAC)