|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||57.32 - 58.29|
|52-week range||52.12 - 69.73|
|PE ratio (TTM)||193.84|
|Earnings date||1 Aug 2018|
|Forward dividend & yield||2.96 (5.08%)|
|1y target est||62.91|
Though shrinking mall traffic, store closures and retailer bankruptcies continue to paralyze the retail real estate market, Macerich (MAC) remains well poised to sail through.
U.S. malls haven't been this empty since 2012. The news comes as retailers such as Toys R Us and Bon-Ton have filed for bankruptcy and shuttered hundreds of locations.
Macerich (MAC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Macerich's (MAC) Q1 results underscore a fall in occupancy in the quarter. Nonetheless, robust growth in re-leasing spreads and high liquidity remain tailwinds for the company.
SANTA MONICA, Calif. (AP) _ The Macerich Co. (MAC) on Wednesday reported a key measure of profitability in its first quarter. The results surpassed Wall Street expectations. The Santa Monica, California-based real estate investment trust said it had funds from operations of $123.5 million, or 82 cents per share, in the period.
With recovery in the economy and job-market gains, demand for a number of asset categories might have benefited REITs in Q1. However, escalating supply and changing industry landscape are concerns.
Heightening competition from e-retailers expected to have impacted The Macerich Company's (MAC) Q1 performance, along with minimum rents and percentage rents remaining suppressed.
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.