- Since my article on The Macerich Company one year ago, its price has risen and fallen back to its previous level.
- However, MAC is in a much stronger position, and operational improvements and deleveraging have both seen successful initial results.
- MAC should also be well-positioned to deal with rising inflation, interest rates, and a potential recession.
- Using NAV and FFO methods, MAC has an upside of over 140%, with two very strong catalysts.
- However, given management, debt levels, and a potential recession, MAC still remains a high-risk, high-reward investment.
For further details see:
I Remain Cautiously Optimistic On Macerich