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Stock impact report

Macerich's Q1 FFO & Revenues Beat Estimates, Occupancy Dips Y/Y [Yahoo! Finance]

Macerich Company (The) (MAC) 
Last macerich company (the) earnings: 2/6 07:00 am Check Earnings Report
US:NYSE Investor Relations: macerich.com/investors
Company Research Source: Yahoo! Finance
Chandler Freehold, gain on extinguishment of debt, accrued default interest expenses and loss on non-real estate investments, outpacing the Zacks Consensus Estimate of 31 cents. The figure remained unchanged year over year. The results reflect solid leasing volume, driving same-center net operating income (NOI) and higher base rent re-leasing spreads. However, occupancy dipped, and expenses climbed year over year. Quarterly revenues of $249.2 million were higher than the year-ago quarter's $208.8 million. Moreover, the figure surpassed the Zacks Consensus Estimate of $218.9 million. The portfolio tenant sales per square foot for spaces less than 10,000 square feet for the trailing 12 months ended March 31, 2025 came in at $837, remaining unchanged year over year. In the first quarter, Macerich signed leases encompassing 2.6 million square feet. On a comparable center basis, this reflected a 156% increase in the amount of leased square footage signed year over year. The increas Show less Read more
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