MAC News and Press, Macerich Company From 07/14/23

2023-07-14 12:31:58 ET Summary Simon Property Group, Inc. reported $4.4 billion in FFO for 2022, a 5% increase compared to pre-pandemic levels in 2019, showing its resilience during crisis periods. Despite a slight potential undervaluation, I suggest considering alternatives to Si...

2023-07-07 03:12:00 ET Summary Rose's Income Garden portfolio saw 39 companies pay dividends in June, with seven raises and one cut; the portfolio yield is approximately 5.2% and its value increased by 1.75% YTD excluding dividends. The portfolio, which consists of 80 stocks from ...

2023-06-30 08:44:41 ET Summary Macerich is currently trading at a 10% discount to its tangible book value per share. First quarter revenue slightly declined by 0.6% compared to the previous year but still beat consensus estimates by $10.2 million. The REIT's tangible book valu...

SANTA MONICA, Calif., June 29, 2023 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of one-of-a-kind retail and mixed-use properties in top markets, today announced that Primark has opened a new Long Island store at Green Acres Mall. ...

SANTA MONICA, Calif., June 29, 2023 (GLOBE NEWSWIRE) -- WHAT : Macerich (NYSE: MAC) Schedules Second Quarter 2023 Earnings Release and Conference Call WHEN: Earnings results will be released before market opens on Tuesday, August 8, 2023. Management will hold a conference call...

2023-06-19 04:40:41 ET Summary The REIT sector declined for the 4th consecutive month with a -2.50% total return in May. Small cap REITs (-1.02%) outperformed in May by averaging the most modest negative total returns. Large caps (-4.64%) underperformed their smaller REIT peers. ...

2023-06-15 06:30:18 ET Macerich ( NYSE: MAC ) acquired remaining 50% interest in five former Sears boxes from joint venture partner Seritage Growth Properties. Total GLA of the five former Sears boxes is approximately 819k sf. Dave Short, executive VP, Asset Manage...

SANTA MONICA, Calif., June 15, 2023 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC ), one of the nation’s leading owners, operators and developers of one-of-a-kind retail and mixed-use properties in top markets, today announced that in May, it acquired the remaining 50% interest in five ...

2023-06-13 07:30:00 ET Summary Real estate is today heavily discounted in the public market. REITs are priced at cents on the dollar. I like a big discount and I am buying these names. Yes, you read the title right. It may sound too good to be true, but it is tod...

Macerich Releases 2022 Corporate Responsibility Report PR Newswire Leading retail real estate company continues to advance its industry-leading sustainability strategy SANTA MONICA, Calif. , June 6, 2023 /PRNewswire/ -- Macerich (NYSE: MAC ), ...