MAC: Macerich Co. Instablogs

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Monday, May 6, 10:04 AM 3D Systems (DDD +6.5%) jumps on news it's getting added to the S&P MidCap 400 Index following Wednesday's close. The 3D printer maker is replacing Macerich (MAC +1%), which is replacing Coventry Health (set to be acquired by Aetna) in the S&P 500. 3D will be replaced in the S&P SmallCap 600 by CoreSite Realty (COR +4.8%). 5 Comments [Tech, On the Move, Financials]
Wednesday, May 1, 5:15 PM Macerich (MAC): Q1 FFO of $0.86 beats by $0.07. Revenue of $262.7M beats by $20.22M. (PR) Comment! [Earnings, Breaking News, Financials]
Wednesday, May 1, 12:10 AM Notable earnings after Wednesday’ s close: ALL, ARI, ARR, ATML, ATO, ATW, AXLL, AXTI, BKD, BMR, CACI, CAR, CBS, CJES, CNQR, CSOD, CVD, CVI, CVRR, CWT, CXO, DVR, DX, DXCM, DXPE, EDMC, ESS, EXPD, EXXI, FB, FNF, FRT, G, GLUU, GNK, GTAT, HNSN, HR, IPI, IPXL, IVR, JDSU, KIM, LNC, LOCK, LVS, MAC, MAR, MET, MUR, NAVB, NGD, NLY, NTRI, PHH, POL, PRU, PSE, PXD, QUIK, ROVI, SAM, SFLY, SGMO, SLTM, SNCR, STX, TEG, TGI, TPC, TSO, TTEK, UAN, UNM, V, VVC, WES, WLT, YELP Comment! [Earnings]
Tuesday, April 30, 5:35 PM Notable earnings after Wednesday’ s close: ALL, ARI, ARR, ATML, ATO, ATW, AXLL, AXTI, BKD, BMR, CACI, CAR, CBS, CJES, CNQR, CSOD, CVD, CVI, CVRR, CWT, CXO, DVR, DX, DXCM, DXPE, EDMC, ESS, EXPD, EXXI, FB, FNF, FRT, G, GLUU, GNK, GTAT, HNSN, HR, IPI, IPXL, IVR, JDSU, KIM, LNC, LOCK, LVS, MAC, MAR, MET, MUR, NAVB, NGD, NLY, NTRI, PHH, POL, PRU, PSE, PXD, QUIK, ROVI, SAM, SFLY, SGMO, SLTM, SNCR, STX, TEG, TGI, TPC, TSO, TTEK, UAN, UNM, V, VVC, WES, WLT, YELP 2 Comments [Earnings]
Monday, April 29, 1:57 PM Macerich Co (MAC): declares $0.58/share quarterly dividend, in line with previous. Forward yield 3.35%. For shareholders of record May 10. Payable June 07. Ex-div date May 08. (PR) Comment! [Dividends]
Tuesday, March 5, 12:25 PM Bullish on the entire REIT sector, RBC believes triple net lease REITs - O, EPR, NNN - offer the best value thanks to the high level of earnings-accretive acquisitions. Next in line are the community centers - DDR, FRT - whose operating metrics are an improvement over regional mall REITs like SPG, MAC, and CBL. 1 Comment [Financials]
Wednesday, February 27, 6:55 AM Starwood Retail Properties is in talks to buy four smaller-sized malls from Macerich (MAC), according to Reuters. The company intends to use the proceeds to offset the cost of a $751M acquisition of a large mall in Brooklyn. Comment! [Consumer]
Wednesday, February 6, 6:07 AM Macerich Co (MAC): Q4 EPS of $0.90 beats by $0.03. Revenue of $251.1M beats by $33M. (PR) Comment! [Earnings, Breaking News]
Monday, February 4, 7:43 AM Macerich Co (MAC) declares $0.58/share quarterly dividend, in line with previous. Forward yield 3.84%. For shareholders of record Feb. 22. Payable Mar. 08. Ex-div date Feb. 20. (PR) Comment! [Dividends]
Wednesday, January 9, 9:39 AM The U.S. mall vacancy rate declined to 8.6% in Q4 from 8.7% in Q3 and the cycle peak of 9.4% in 2011 Q3, according to Reis. The strip mall vacancy rate fell to 10.7% from 10.8%. Rents barely budged. Disappointed with the middling improvement, Reis' Ryan Severino notes vacancy rates are barely declining even with minimal mall completions occurring. 1 Comment [U.S. Economy, Financials]
Wednesday, October 31, 2012, 6:16 AM Macerich (MAC): Q3 EPS of $0.78 beats by $0.03. Revenue of $215.6M (-3% Y/Y) beats by $12M. (PR) Comment! [Earnings]
Monday, October 29, 2012, 8:22 AM The REIT sector - offering a yield of about 1.30% more than Treasurys - may look nominally attractive, but it's a sell, says John Coumarianos. The companies are trading at 22X Funds From Operations (FFO) - offering no margin of safety should rates turn higher. Most expensive are the apartment owners - EQR, AVB, UDR - priced as if they will have annual rent increases of 5-6% forever. 2 Comments [Quick Ideas]
Thursday, October 25, 2012, 6:54 PM Macerich (MAC) declares $0.58/share quarterly dividend, 5.5% increase from prior dividend of $0.55. Forward yield 4.08%. For shareholders of record Nov 12. Payable Dec 07. Ex-div date Nov 08. (PR) Comment! [Dividends]
Monday, October 22, 2012, 2:05 PM Macerich (MAC -2.2%) shares trade lower on news of the acquisition of two New York-based malls for a total of ~$1.25B as the REIT looks to expand its portfolio in the state. MAC will buy Kings Plaza, a 1.2M sq. ft. Brooklyn mall, from Alexander's (ALX +5.1%) for $751M, and will pick up Green Acres, a 1.8M sq. ft. Valley Springs mall, from Vornado Realty Trust (VNO -0.3%) for $500M. Comment! [Financials, On the Move]
Thursday, October 4, 2012, 7:26 AM Occupancies at U.S. shopping centers rose just 1.46M square feet in Q3, according to Reis, the slowest growth in a year, and comparing to 2.18M in Q2. The vacancy rate remained at 10.8% as just 569K square feet of new space came online, the lowest quarterly figure since Reis began keeping records in 1999. Comment! [U.S. Economy]
Wednesday, August 1, 2012, 6:37 AM Macerich (MAC): Q2 FFO of $0.74 beats by $0.01. Revenue of $208.5M (-9.8% Y/Y) beats by $19.5M. (PR) Comment! [Earnings]

MAC Macerich Co.

MAC

Macerich Co.