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 $0.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -5%. A quarter ago, it was expected that this shopping center real estate investment trust would post FFO of$ 0.40 per share when it actually produced FFO of $0.44, delivering a surprise of 10%.Over the last four ...