MAC News and Press, Macerich Company From 11/15/22

NEW FLAGSHIP DILLARD'S STORE TO ANCHOR SOUTH PLAINS MALL PR Newswire -Expansion Reflects Dillard's Significant Investment in Lubbock Market- SANTA MONICA, Calif. , Nov. 15, 2022 /PRNewswire/ -- Macerich (NYSE: MAC), one of the nation's leading own...

Summary Nearly 200 REITs and a dozen homebuilders have reported third-quarter earnings results over the past three weeks, providing critical information on the state of the U.S. real estate industry. REIT earnings season was surprisingly strong across nearly all property sectors. ...

Summary In today's article, we bring you the latest update in our recurring series on companies that enjoy major corporate insider interest over the most recent quarter. We stand behind our belief that insiders supply the market with high-quality investment information each time t...

Summary The Macerich Company trades at a 58% discount to its historical FFO multiple of 14.36x and a 59% discount to NAV (liquidation value of the underlying real estate) of $29.45. Insiders have been aggressively buying with $1.33M in purchases by President Edward Coppola an...

Summary We share data on 100-plus big-yield opportunities, sorted into four categories: Closed-end funds, master limited partnerships, real estate investment trusts, and business development companies. We dive deeper into four specific opportunities (one from each category) that w...

Summary Macerich's fiscal 2022 third quarter results came on the back of a more than 13% quarterly cash dividend raise last month. The company recorded a revenue beat, but FFO came in below consensus. Strong retailer demand fed through to a rise in occupancy as 219 new leases ...

Summary U.S. equity markets slumped this week after the Federal Reserve approved another "jumbo" rate hike while lukewarm employment data pushed back the timeline for a potential "pivot" towards less-aggressive tightening. Retreating following its best week since November 2020, th...

Summary Macerich's Q3 results reaffirm our view that the company is on the path to full-recovery after the pandemic. We share our 4 key takeaways from the results and earnings conference call. Shares remain significantly undervalued, and have room to move much higher if the re...

Summary In 2020, Macerich slashed its quarterly dividend from $0.75/share to $0.15/share, due to the COVID-19 pandemic. With business recovering rapidly and its balance sheet in better shape, Macerich recently raised its dividend to $0.17/share. A big jump in interest expense ...

The Macerich Company (MAC) Q3 2022 Earnings Conference Call November 3, 2022, 01:00 PM ET Company Participants Samantha Greening - Director of IR Scott Kingsmore - SEVP and CFO Doug Healey - SEVP of Leasing Conference Call Participants Greg McGinniss ...