This quarterly report represents an FFO surprise of 10%. A quarter ago, it was expected that this shopping center real estate investment trust would post FFO of $0.39 per share when it actually produced FFO of $0.31, delivering a surprise of -20.51%. Macerich, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $215.52 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.59%. This compares to year-ago revenues of $212.37 million. The company h ...

During the second quarter, we unveiled our Path Forward Plan, followed by significant investor outreach. We are pleased with the feedback we received on what we believe is a very executable, multi-pronged strategy to improve our balance sheet, and also to make inward-facing enhancements to both bolster company culture and improve key business processes to gain operating efficiencies. We are fully engaged in implementing numerous aspects of the Path Forward Plan. Balance Sheet: The Macerich Company Earnings ...

SANTA MONICA, Calif., July 26, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.17 per share of common stock. The dividend is payable on September 9, 2024, to stockholders of record at the close of business on August 19, 2024. SOURCE: Macerich Macerich is a fully integrated, self-managed, self-administered real estate investment trust (REIT). As a leading owner, operator, and developer of high-quality retail real estate in densely po ...

With the addition of Ms. Laing, Macerich's Board will have eight directors, seven of whom are independent. Ms. Laing's areas of expertise include corporate strategy, risk management, public equity and corporate debt offerings, finance and capital markets, corporate governance and sustainability matters, investor relations, together with extensive knowledge of IT and cybersecurity, including cybersecurity assessments, controls, protocols, monitoring and incident response, obtained through the responsibility ...

SANTA MONICA, Calif., July 22, 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 the appointment of Diana M. Laing to its Board of Directors. Ms. Laing previously served on Macerich's Board from 2003 through 2022. A seasoned corporate finance executive with 35+ years in real estate investment and operating companies, Ms. Laing brings key skills and experience to the Macerich Board – including ...

SANTA MONICA, Calif., June 26, 2024 (GLOBE NEWSWIRE) -- Dial-In Registration: https://register.vevent.com/register/BI4e7fa38720a8454281f71d47b45decaf Webcast Registration: https://edge.media-server.com/mmc/p/d5ie8i9q Macerich is a fully integrated, self-managed, self-administered real estate investment trust (REIT). As a leading owner, operator, and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific N ...

It has been about a month since the last earnings report for Macerich (MAC) . Shares have added about 7.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Macerich due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Macerich Q1 FFO Miss Estimates, Revenues Fall Y/Y M ...

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. Jack Hsieh, President and Chief Executive Officer; Scott Kingsmore, Senior Executive Vice President and Chief Financial Officer; and Doug Healey, Senior Executive Vice President of Leasing, will participate in an analys ...

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. Jack Hsieh, President and Chief Executive Officer; Scott Kingsmore, Senior Executive Vice President and Chief Financial Officer; and Doug Healey, Senior Executive Vice President of Leasing, will participate in an analy ...

RUNSTUDIO I was in Las Vegas earlier this week, and no, not for gambling. It was for the latest conference of International Council of Shopping Centers, now known as ICSC. Though, yes, I did hit the roulette tables a few times. My regular readers know I always allow myself $500 to play around with – a hard stop I'm not allowed to cross. Let's just say I didn't walk away with $10,000 this time like I have before. But the Las Vegas visit was still completely worth it. The information I got at ICSC was phenome ...