Macerich Co (MAC)

Despite the pullback, we have found numerous opportunities which we discuss in this video using technical analysis.

MAC earnings call for the period ending December 31, 2024.

MAC earnings call for the period ending September 30, 2024.

MAC earnings call for the period ending June 30, 2024.

As I have previously discussed, I recently attended REITweek, the largest real estate investment trust event of the year. And I have to say, I’m cautiously optimistic about commercial real estate. Here is a look at some key themes from the event.

Macerich Co (NYSE: MAC) downgraded & reduced price target by Piper Sandler. Reported Q1 sales of $208.783M & FFO of $0.33. New CEO appointed & withdrew FY24 guidance. Analyst skeptical of turnaround strategy, lowers FFO estimates for FY24 & FY25.

MAC earnings call for the period ending March 31, 2024.

Home prices defied high mortgage costs and surpassed expectations with a 1.2% month-over-month growth, the largest increase since Apr 2022.

MAC stock results show that Macerich missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.