Macerich: Taubman Deal Suggests Enormous Upside [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
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Source: Seeking Alpha
Summary We have been bullish on mall , arguing that they are significantly undervalued. Our suggestions that these could double in price or better have been met with doubt. Simon Property Group agreed to buy Taubman at a 100% premium to pre-rumor trading. Macerich (MAC) has properties that are extremely comparable to Taubman, and is trading at an even larger discount, suggesting +100% upside for MAC. Co-produced with Beyond Saving The mall REIT space has been under what seems like constant siege for years. While the fundamental operating metrics have been challenged by the very real surge in tenant bankruptcies, have been quite successful at backfilling properties in a reasonable amount of time. There's no doubt about it, backfilling large anchor properties takes time, and Mr. Market has been impatient. As a result, many mall have been trading at a fraction of their inherent value. We did a NAV valuation of Washington Prime Group WPG more than 100% upside Their common share prices
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News
- 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
- Macerich Schedules First Quarter 2024 Earnings Release and Conference CallGlobeNewswire
- PREIT Completes Financial Restructuring and Implements Changes to Management and Board [Yahoo! Finance]Yahoo! Finance
MAC
Earnings
- 2/7/24 - Beat
MAC
Sec Filings
- 3/29/24 - Form 4
- 3/26/24 - Form 8-K
- 3/22/24 - Form 4
- MAC's page on the SEC website