The Macerich Company Q3 2009 Earnings Call Transcript

The Macerich Company (NYSE:MAC) Q3 2009 Earnings Call Transcript November 5, 2009 1:30 PM ET

Executives

Jean Wood – VP, IR
Tom O’Hern – Senior EVP, CFO and Treasurer
Art Coppola – CEO and Chairman
Tony Grossi – EVP, COO and Chief Economist

Analysts

Quentin Velleley – Citigroup
Michael Bilerman – Citigroup
Michael Mueller – JP Morgan
Craig Schmidt – Merrill Lynch
Steve Sakwa – ISI Group
Nathan Isbee – Stifel Nicolaus
Rich Moore – RBC Capital Markets
Christie McElroy – UBS
Alexander Goldfarb – Sandler O’Neill

Operator

Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to the Macerich Company Third Quarter 2009 Earnings Conference call. Today’s call is being recorded. At this time, all participants are in a listen-only mode.

Following the presentation, we will conduct a question-and-answer session. Instructions will be provided at that time for you to queue up for questions. I would now like to turn the conference over to your host Ms. Jean Wood, Vice President of Investor Relations. Please go ahead.

Jean Wood

Thank you, everyone for joining us today on our third quarter 2009 earnings call. During the course of this call, management will be making forward-looking statements, which are subject to uncertainties and risks associated with our business and industry.

For a more detailed description of these risks, please refer to the Company’s press release and SEC filings. As this call will be webcast for some time to come, we believe it is important to note that the passage of time can render information stale and you should not rely on the continued accuracy of this material.

During this call, we will discuss certain non-GAAP financial measures as defined by the SEC’s Regulation G. The reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure is