WPG - A Unique Opportunity To Examine Macerich
Last week an article appeared by Williams Equity Research (“WER”), entitled The Macerich Company: Mall REIT Purgatory. Evidently this is a bearish take on the mall REIT Macerich (MAC). I have a high regard for WER, and have enjoyed and benefited from his past work.
I am long MAC, reflecting a specific investment thesis about MAC in particular and mall REITs in general. I discussed this context in Reducing Risk In A Mall REIT Basket, Retail Apocalypse NOT, and other articles linked from those.
That made this new article a