Macerich (NYSE:MAC) Third Quarter 2022 Results
Key Financial Results
Revenue: US$217.0m (up 3.2% from 3Q 2021).
Funds from operations (FFO): US$102.8m (up 1.4% from 3Q 2021).
FFO margin: 47% (in line with 3Q 2021).
FFO per share: US$0.5.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Macerich Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the REITs industry in the US.
The company's share price is broadly unchanged from a week ago.
It is worth noting though that we have found 2 warning signs for Macerich (1 is a bit concerning!) that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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