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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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.

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Mall REITs - which endured a dismal stretch of underperformance from 2015-2020 - enter the critical holiday season on surprisingly stable footing as resilient consumer spending has offset broader macro-headwinds. The momentum from the stimulus-fueled ‘spending spree' appears likely to carry retailers through the holiday season. Store openings continue to outpace store closings in 2022 by the widest-margin in decades.

Mall REITs: The Bleeding Has Stopped

Robust leasing activity amid growing customers' preference for in-person shopping experience and development activities drive Macerich's (MAC) 65.8% quarter-to-date rise.

Key Reasons Why Macerich's (MAC) Shares Soared 65.8% QTD

SANTA MONICA, Calif. , Nov. 15, 2022 /PRNewswire/ -- The Macerich Company (NYSE: MAC) will host an Investor Day in Scottsdale, Arizona on Tuesday, November 29 and Wednesday, November 30.

Macerich to Host 2022 Investor Day

Dillard's

-Expansion Reflects Dillard's Significant Investment in Lubbock Market- SANTA MONICA, Calif. , Nov. 15, 2022 /PRNewswire/ -- Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of one-of-a-kind retail and mixed-use properties in top markets, today announced that Dillard's (NYSE: DDS) will construct a new, larger store to replace its existing operations at South Plains Mall in Lubbock, Texas.

NEW FLAGSHIP DILLARD'S STORE TO ANCHOR SOUTH PLAINS MALL

The Macerich Company trades at a 58% discount to its historical FFO multiple of 14.36x and a 59% discount to NAV (liquidation value of the underlying real estate) of $29.45. Insiders have been aggressively buying with $1.33M in purchases by President Edward Coppola and $536K in purchases by CEO Thomas O'Hern over the past 5 months.

Macerich: My Largest Holding

Macerich's fiscal 2022 third quarter results came on the back of a more than 13% quarterly cash dividend raise last month. The company recorded a revenue beat, but FFO came in below consensus.

Will Macerich Ever See Its Previous Highs Again?

Macerich's Q3 results reaffirm our view that the company is on the path to full-recovery after the pandemic. We share our 4 key takeaways from the results and earnings conference call.

Macerich Q3 Results: 3 Reasons To Buy, 1 Key Risk

In 2020, Macerich slashed its quarterly dividend from $0.75/share to $0.15/share, due to the COVID-19 pandemic. With business recovering rapidly and its balance sheet in better shape, Macerich recently raised its dividend to $0.17/share.

Macerich: Now A Dividend Growth Stock

Macerich (MAC) witnesses year-over-year growth in occupancy, and tenant sales remain strong. However, revenues lag estimates.

Macerich (MAC) Stock Up Despite Q3 FFO and Revenue Miss

The Macerich Company (NYSE:MAC ) Q3 2022 Earnings Conference Call November 3, 2022 1:00 PM ET Company Participants Samantha Greening - Director of IR Scott Kingsmore - SEVP and CFO Doug Healey - SEVP of Leasing Conference Call Participants Greg McGinniss - Scotiabank Derek Johnston - Deutsche Bank Craig Schmidt - Bank of America Merrill Lynch Samir Khanal - Evercore Floris Van Dijkum - Compass Point Linda Tsai - Jefferies Connor Mitchell - Piper Sandler Michael Mueller - JPMorgan Craig Mailman - Citi Ronald Kamden - Morgan Stanley Operator Good day and welcome to the The Macerich Company Third Quarter 2022 Earnings Call. This call is being recorded.

The Macerich Company (MAC) Q3 2022 Earnings Call Transcript

Macerich (MAC) delivered FFO and revenue surprises of -2.13% and 2.04%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Macerich (MAC) Q3 FFO and Revenues Miss Estimates

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SANTA MONICA, Calif. , Oct. 28, 2022 /PRNewswire/ -- The Board of Directors of the Macerich Company (NYSE: MAC) approved a quarterly cash dividend increase of $0.17 per share of common stock from $0.15 per share.

Macerich Declares a 13.3% Quarterly Dividend Increase on Its Common Shares

Macerich ranks #1 among peers for 8th year, earns 'A' score for disclosure SANTA MONICA, Calif. , Oct. 18, 2022 /PRNewswire/ -- Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of one-of-a-kind retail and mixed-use properties in top markets, has earned the #1 ranking among U.S. retail centers in the 2022 GRESB Real Estate Assessment.

#1-RANKED MACERICH CELEBRATES GROWING GRESB PARTICIPATION, RAISING THE BAR FOR SUSTAINABILITY PERFORMANCE IN REAL ESTATE

After a successful first phase, Macerich (MAC) announces plans for the next phase of reinvestment for its Scottsdale Fashion Square, located in upscale Scottsdale, AZ.

Macerich (MAC) Unveils Reinvestment Plans for Shopping Center

-Enhancements Will Extend Luxury Experience to South Wing- SANTA MONICA, Calif. , Oct. 6, 2022 /PRNewswire/ -- Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of one-of-a-kind retail and mixed-use properties in top markets, today announced the next phase of ongoing reinvestment in its iconic Scottsdale Fashion Square located at the heart of upscale Scottsdale, Arizona.

MACERICH ANNOUNCES NEXT PHASE OF CONTINUED REINVESTMENT IN SCOTTSDALE FASHION SQUARE

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Macerich's common shares continue to fall as the bearish narrative plays out and a poor economic backdrop takes its toll. The company is now extremely cheap by historical standards.

Macerich: The Bears Have Got This One Terribly Wrong

MAC is a high-yielding REIT whose stock price has been pummeled in the current bear market as recession fears soar. However, we believe it holds high-quality assets that are destined to not only survive but also thrive over the long term.

Macerich Stock: This Is Getting Ridiculous

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It's been a tumultous couple of years of real estate stocks. The pandemic caused unprecedented changes in people's daily lives and working habits.

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Macerich (MAC) was a big mover last session on higher-than-average trading volume. The latest trend in FFO estimate revisions might not help the stock continue moving higher in the near term.

Macerich (MAC) Moves 5.7% Higher: Will This Strength Last?

SANTA MONICA, Calif. , Sept. 22, 2022 /PRNewswire/ --  WHAT: Macerich (NYSE: MAC) Schedules Third Quarter 2022 Earnings Release WHEN: Earnings Results will be released before market open on Thursday, November 3, 2022.

Macerich Schedules Third Quarter 2022 Earnings Release And Conference Call

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Revival of the retail real estate industry, improvement in the leasing environment and prudent capital-management practices are key factors behind Macerich's (MAC) 11.8% quarter-to-date rise.

Here's Why Macerich Company (MAC) Stock Jumped 11.8% QTD

News for Macerich Stock (MAC)