MAC - Macerich Stock: 50%-Plus Upside Despite 2021 Rally
- Tenant sales surged past the highs of 2019 at Macerich's malls this spring.
- NOI is already approaching 2019 levels despite ongoing headwinds: most notably, temporarily-depressed occupancy rates.
- Macerich is well positioned for further NOI growth over the next few years, rebuilding annual NOI to at least $900 million.
- Anchor vacancies are a very manageable risk, particularly because there are very few empty anchor spots at Macerich's top 20 properties.
- Macerich stock has 50%-plus upside over the next 2-3 years.
For further details see:
Macerich Stock: 50%-Plus Upside Despite 2021 Rally