MAC News and Press, Macerich Company From 07/22/22

Philadelphia 76ers Announce Entrepreneur David Adelman to Lead New Arena Development; Pursuing Privately-Funded Development at Fashion District Philadelphia Site PR Newswire 76 Devcorp begins a robust community engagement process to help ensure proposed arena devel...

REITs are today the cheapest in years. Discounts to NAV are significant even for high-quality REITs. We highlight 3 REITs trading at large discounts that we are buying. Right now, REITs are historically undervalued, trading at an average 10% discount to net asset value (...

Macerich Declares the Quarterly Dividend on Its Common Shares PR Newswire SANTA MONICA, Calif. , July 20, 2022 /PRNewswire/ -- The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.15 per share of common st...

With real estate earnings season kicking off this week, this report discusses the major themes and metrics we'll be watching across each of the major property sectors this earnings season. Since the start of last earnings season, the Equity REIT Index has declined 16%, lagging the 12%...

Simon Property Group is performing well fundamentally. Simon Property's forward growth rate is about 7% annually. SPG's multiple is inappropriately cheap for its strength. Simon Property Group ( SPG ) has fallen substantially more than the market in the 2022 downdraft an...

Macerich's A-Quality Portfolio Continues to Draw Large-Format Entertainment Tenants PR Newswire -Round1 Will Open Two New Locations- SANTA MONICA, Calif. , July 12, 2022 /PRNewswire/ -- Macerich (NYSE: MAC), one of the nation's leading owners...

U.S. equity markets posted solid gains this past week as decent employment data eased concerns over a "hard landing"- for the U.S. economy at least- sparking a bid for risk assets. Recording just its third weekly gain in the past fourteen weeks, the S&P 500 advanced 1.9% on the we...

Simon Property Group and Macerich have both had a rough first half of 2022, as shares are down about 40% and 50% YTD respectively. Both REITs are cheap today, with Simon trading at 8.1x price/FFO and Macerich at 4.5x. I detail some of the red flags with Macerich and why I would ra...

Macerich ( MAC ) gained 1.5% in after hours trade last Friday after the company reported that the President Edward Coppola buys 60,000 common shares at an average price of $8.75 per share. A quick look at the company's ownership structure : For ...

MACERICH SCHEDULES SECOND QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL PR Newswire SANTA MONICA, Calif. , June 30, 2022 /PRNewswire/ -- WHAT : Macerich (NYSE: MAC) Schedules Second Quarter 2022 Earnings Release WHEN: Earnings ...