Why Macerich and Other Mall REITs Jumped 10% Today [The Motley Fool]
Macerich Company (The) (MAC)
Last macerich company (the) earnings: 2/6 07:00 am
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macerich.com/investors
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Source: The Motley Fool
What happenedShares of high-end enclosed mall real estate investment trust (REIT)MacerichNYSE:MACPennsylvania REITNYSE:PEITanger Factory Outlet CentersNYSE:SKTSimon Property GroupNYSE:SPGSo whatMalls have suffered this year because of the social distancing requirements put in place to slow the spread ofCOVID-9Image source: Getty Images.Malls make their money by charging tenants rent, so that last point is a big issue. So big, in fact, that mall REITs, many of which have been reliabledividend payersThe mall sector is facing very big problems today that are likely to linger even after social distancing measures begin to lift. For example, the efforts to slow COVID-9 are likely to result in a recession, which will depress consumer buying. Lingering fears over the coronavirus could lead to weak mall traffic, further compounding the pain. Moreover, stressed mall retailers could close stores or go bankrupt, putting pressure on occupancy and rental rates. And malls will also be spending more
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News
- What's Behind This New $4 Million Bet on a Beaten-Down Mall Owner Lagging the Broader Market? [Yahoo! Finance]Yahoo! Finance
- Macerich Announces Tax Treatment of 2025 DividendsGlobeNewswire
- Macerich (NYSE:MAC) was given a new $21.00 price target on by analysts at Mizuho.MarketBeat
- Macerich (NYSE:MAC) had its price target lowered by analysts at Truist Financial Corporation from $21.00 to $19.00. They now have a "buy" rating on the stock.MarketBeat
- Von Maur Department Stores to Open First Location in New Jersey in Fall 2027Business Wire
MAC
Earnings
- 11/4/25 - Miss
MAC
Sec Filings
- 1/7/26 - Form SCHEDULE
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- MAC's page on the SEC website