MAC - Macerich FFO of $0.46 beats by $0.02 revenue of $204.09M misses by $1.18M raises FY22 AFFO guidance
- Macerich press release ( NYSE: MAC ): Q2 FFO of $0.46 beats by $0.02 .
- Revenue of $204.09M (-5.3% Y/Y) misses by $1.18M .
- Same center net operating income (“NOI”), excluding lease termination income, increased 5.4% in the second quarter of 2022 compared to the second quarter of 2021. This percentage increased to 7.8% when including lease termination income.
- Portfolio occupancy as of June 30, 2022 was 91.8%, a 2.4% increase compared to the 89.4% occupancy rate at June 30, 2021, and a 0.5% sequential increase compared to the 91.3% occupancy rate at March 31, 2022.
- FY22 Guidance: FFO of $1.92-$2.04 from prior outlook of $1.85-$2.05 vs. $1.96 consensus.
For further details see:
Macerich FFO of $0.46 beats by $0.02, revenue of $204.09M misses by $1.18M, raises FY22 AFFO guidance