|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||56.31 - 57.89|
|52-week range||52.12 - 69.73|
|PE ratio (TTM)||55.25|
|Earnings date||2 May 2018|
|Forward dividend & yield||2.96 (5.14%)|
|1y target est||62.81|
Macerich Co.’s chief executive officer has told the U.S. mall owner’s board that he plans to retire, according to people familiar with the matter. Macerich could announce plans for Arthur Coppola to step down as soon as this week, said the people, who asked not to be identified as the details aren’t public. Starboard Value, the activist fund run by Jeff Smith, has built a position in Macerich and nominated a majority slate of directors to its board, a person familiar with the matter said this month.
Late last month, GGP agreed to be acquired for less than its net asset value. However, this may not mean much for shareholders of other high-quality mall REITs.
GGP is considered to have some of the best-quality malls in the U.S. and many expected it would only accept a higher bid.
Current Westfield co-CEO Steven Lowy aims to create a tech platform for physical retailers and their landlords alike to better understand shoppers.
Macerich (MAC) enters into a joint venture with Hudson Pacific to redevelop the struggling Westside Pavilion into a creative office space while retaining 25% stake in the joint venture.
Hudson Pacific Properties, Inc. and Macerich today announced the formation of a joint venture through which Hudson Pacific and Macerich will work together to transform the approximately 600,000 square-foot Westside Pavilion into approximately 500,000 square feet of state-of-the-art creative office space, while retaining the approximately 100,000 square feet of existing entertainment retail space.
A new class of internet retailers is opening up shops across the U.S. as department stores and specialty apparel brands scale back.
Macerich's (MAC) Q4 results reflect decline in occupancy in the quarter. Moreover, revenues slipped from the prior-year period.
The real estate investment trust, based in Santa Monica, California, said it had funds from operations of $170.1 million, or $1.13 per share, in the period. The average estimate of nine analysts surveyed ...
Simon Property Group (SPG) Q4 performance reflects high level of occupancy of its properties and increase in base minimum rent per square foot. The company also increased its dividend.
With an increasing number of retailers jumping on the dot-com bandwagon and the rising popularity of e-commerce, the top line of The Macerich Company (MAC) is likely to be stressed in Q4.
Regency Centers' (REG) buyout of two neighboring properties In Long Island fortifies its portfolio with assets that boast an experienced tenant roster.
NEW YORK, Jan. 26, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Del Frisco's Restaurant Group, Inc. (NASDAQ:DFRG), Capital Senior Living Corporation (NYSE:CSU), Bazaarvoice, Inc. (NASDAQ:BV), Macerich Company (NYSE:MAC), Ampio Pharmaceuticals, Inc. (NYSE:AMPE), and Diamondrock Hospitality Company (NYSE:DRH), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.
Ontario Teachers’ Pension Plan Board has held talks with other investors about a potential deal to take U.S. mall owner Macerich Co. private, according to people familiar with the matter.
U.S. retail landlords including Simon, GGP, Macerich and Taubman are focused on redeveloping their properties in the coming months.
The Macerich Company (MAC) disposes 500 North Michigan Avenue office tower for $86.4 million. The company intends to pursue acquisition of high-growth retail assets by shedding non-core assets.
Until very recently, four top executives at Macerich Co. faced getting paid almost nothing if the firm were to be sold and they lost their jobs as a result. Now they’re eligible for more than $32 million....