Macerich (MAC) Q1 FFO and Revenues Miss Estimates [Yahoo! Finance]
Macerich Company (The) (MAC)
Last macerich company (the) earnings: 2/6 07:00 am
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Source: Yahoo! Finance
This compares to FFO of $0.40 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of -20.51%. A quarter ago, it was expected that this shopping center real estate investment trust would post FFO of $0.55 per share when it actually produced FFO of $0.56, delivering a surprise of 1.82%. Over the last four quarters, the company has surpassed consensus FFO estimates just once. Macerich , which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $208.78 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 3.93%. This compares to year-ago revenues of $214.85 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call. Mac
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News
- Macerich Takes Three Fortress Retail Properties To the Next Level [Yahoo! Finance]Yahoo! Finance
- Otto Tech Systems Adds 3 New Members to Its Board of Directors [Yahoo! Finance]Yahoo! Finance
- Otto Tech Systems Adds 3 New Members to Its Board of DirectorsPR Newswire
- Macerich (MAC) Unveils Initial Achievements in Strategic Plan [Yahoo! Finance]Yahoo! Finance
- The Macerich Company (NYSE: MAC) was downgraded by analysts at Scotiabank from a "sector perform" rating to a "sector underperform" rating. They now have a $14.00 price target on the stock, down previously from $16.00.MarketBeat
MAC
Earnings
- 4/30/24 - Miss
MAC
Sec Filings
- 5/10/24 - Form 4
- 5/9/24 - Form 4
- 5/9/24 - Form 10-Q
- MAC's page on the SEC website