Macerich: The Dividend Fallacy [Seeking Alpha]
Macerich Company (The) (MAC)
Last macerich company (the) earnings: 2/6 07:00 am
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US:NYSE Investor Relations:
macerich.com/investors
Company Research
Source: Seeking Alpha
Summary Macerich's cash generated from operations is more enough to cover its high dividend. It plans to grow NOI in the mid single digits on an annual basis, which is only going to increase coverage. Retail bankruptcies have moderated somewhat and things should get better going forward. Despite all this, Macerich trades at an incredibly cheap valuation for a company holding such high quality assets. There has been a lot of discussion regarding Macerich's( MAC The proper method There has been substantial debate on the proper method of measuring funds available for distribution. There are some investors who use CFFO, but this method doesn't take into account depreciation from JVs as it only reflects the finances of consolidated properties, so we believe it substantially understates funds available for distribution. FFO minus capex is also used commonly, but this counts redevelopment costs. We believe redevelopment costs shouldn't be counted as (1) they're onetime expenses and (2) redev
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MAC
News
- Macerich Celebrates Earth Month With ‘You Pledge We Plant' Campaign, Industry Recognition [Yahoo! Finance]Yahoo! Finance
- Macerich Celebrates Earth Month With ‘You Pledge We Plant’ Campaign, Industry RecognitionGlobeNewswire
- Washington Square mall marks its 50th anniversary fully leased, adding 5 new stores [Yahoo! Finance]Yahoo! Finance
- The Macerich Company (NYSE: MAC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Is It Wise to Retain Macerich (MAC) Stock in Your Portfolio? [Yahoo! Finance]Yahoo! Finance
MAC
Earnings
- 2/7/24 - Beat
MAC
Sec Filings
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form DEF
- MAC's page on the SEC website