Further Consolidation In Mall REITs Looks Inevitable [Seeking Alpha]
Macerich Company (The) (MAC)
Last macerich company (the) earnings: 2/6 07:00 am
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Source: Seeking Alpha
Further Consolidation In Mall Looks InevitableJun. 29, 2020 8:59 AM ET|Includes:MACSPGTCOby: RB EquityLong only, value, long-term horizonSummaryMarket forces are pushing mall into an existential dilemma.Consolidation is already started thanks to Simon´s (SPG) sputtering deal to acquire Taubman (TCO).A case for consolidating the three class-a malls into one is presented here.It has been a brutal half-decade for mall . The 2020 pandemic-induced recession is accelerating valuation declines that were already in place. The long-established trend of accelerating e-commerce has collided with a separate trend of increasingly leveraged retailers. This is resulting in a wave of bankruptcy that will reduce the store counts and restructure balance sheets back to sustainable levels.But physical retail will still exist, malls will find ways to adapt and some of these are already in process ( see articleThe mall REIT industry is already shrinking and will need to shrink further. As revenues decli
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MAC
News
- 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
- How American malls survived the slow death of department stores [CNBC]CNBC
- Macerich Schedules First Quarter 2024 Earnings Release and Conference Call [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