MAC News and Press, Macerich Company From 09/03/21

Philippe Laffont’s 13F portfolio value increased from $18.24B to $25.52B this quarter. Coatue Management increased Amazon.com, Moderna, Twilio, and Peloton Interactive while decreasing XPeng and dropping Farfetch Limited. The largest three positions are DoorDash, Amazon.com...

U.S. equity markets retreated on a choppy week after a downbeat slate of economic data heightened concern that the recent COVID resurgence could stall or reverse the global economic reopenings. Exhibiting a reversion back to the "stay at home" trading patterns, the large-cap S&am...

By now, most REITs have fully recovered from the pandemic, but Clipper Realty is still priced at a 40% discount. This is quite spectacular when you consider that Clipper is a REIT that owns highly desirable apartment communities in Manhattan and Brooklyn. The risks are higher than...

Glimmers of hope were beginning to emerge for the battered mall REIT sector, which has soared 50% this year on signs of stabilizing in occupancy rates and normalizing rent collection. Net Operating Income surged more than 40% in Q2 - albeit from easy comps - driven by a recovery in re...

In our "State of the REIT Sector" report, we analyze recently-released NAREIT T-Tracker data to review high-level REIT fundamentals over the past quarter through a series of charts. REIT company-level metrics have exhibited a substantial rebound over the last year as FFO and dividends...

SPG offers an adequately covered 4.4% dividend yield. The balance sheet appears conservatively leveraged and is rated A- by rating issuers. A close look at the decline in average base rent suggests the efforts taken to maintain occupancy rates. At current prices, shareholders ...

It has become very difficult to find high-yielding opportunities. Treasuries, bonds, stocks, and even utilities and REITs are priced at low yields to the most part. A handful of opportunities still remain in beaten-down sectors that are out of favor because of the pandemic. We pre...

U.S. equity markets climbed to fresh record highs this past week as better-than-expected employment data eased some concern over threats of another potential wave of COVID-related economic restrictions. The U.S. economy added 942k jobs in July, while continuing jobless claims fel...

Early this week, U.S. mall giant Simon Property Group reported a strong earnings recovery for the second quarter of 2021. On Wednesday, its smaller rival Macerich (NYSE: MAC) joined in. Macerich's impressive second-quarter results should remove the last shreds of doubt about...

REIT earnings season has provided critical information on the state of the real estate industry - a much-needed check-in amid fears of a potential "fourth wave" of the COVID pandemic. Results were significantly better-than-expected with roughly 95% of equity REITs beating consensus FF...