MAC - Macerich FFO of $0.40 misses by $0.02 revenue of $212.37M beats by $1.54M

2023-08-08 07:14:06 ET

• Macerich press release ( NYSE: MAC ): Q2 FFO of $0.40 misses by $0.02 .
• Revenue of $212.37M (+4.1% Y/Y) beats by $1.54M .
• The net loss attributable to the Company was $15.0 million or $0.07 per share-diluted during the second quarter of 2023, compared to the net loss attributable to the Company of $15.4 million or $0.07 per share-diluted attributable to the Company for the quarter ended June 30, 2022.
  •Same center net operating income (“NOI”), excluding lease termination income, increased 5.6% in the second quarter of 2023 compared to the second quarter of 2022. Year to date through June 30, 2023, same center NOI, excluding lease termination income, increased 5.2% compared to the same period in 2022.
  •Portfolio tenant sales per square foot for space less than 10,000 square feet for the trailing twelve months ended June 30, 2023 were $853 compared to $860 for the trailing twelve months ended June 30, 2022. Portfolio tenant sales for the six months ended June 30, 2023 from comparable spaces less than 10,000 square feet decreased 1.8% compared to the same timeframe in 2022.
• Guidance 2023 :

For further details see: