Macerich's (MAC) CEO Art Coppola on Q1 2017 Results - Earnings Call Transcript

Apr. 28, 2017 8:20 PM ETThe Macerich Company (MAC)
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Macerich Company (NYSE:MAC) Q1 2017 Earnings Conference Call April 28, 2017 1:30 PM ET


Jean Wood - EVP IR

John Perry - SVP IR

Art Coppola - CEO

Tom O'Hern - CFO

Robert Perlmutter - COO


Craig Schmidt - Bank of America

West Golladay - RBC Capital Markets

Jeff Donnelly - Wells Fargo

Alexander Goldfarb - Sandler O'Neill

Vincent Chao - Deutsche Bank

Todd Thomas - KeyBanc Capital Markets

Christine McElroy - Citi

Michael Mueller - JPMorgan

Nick Yulico - UBS


Good day and welcome to the Macerich Company First Quarter 2017 Earnings Conference Call. Today’s conference is being recorded.

At this time, I would like to turn the conference over to Ms. Jean Wood. Please go ahead ma’am.

Jean Wood

Thank you for joining us today on our first quarter 2017 earnings call. During the course of this call, management may make certain statements that may be deemed forward-looking within the meaning of the Safe Harbor of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of risks, uncertainties and other factors.

We refer you to today’s press release and our SEC filings for a detailed discussion of forward-looking statements. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures are included in the earnings release and supplemental filed on Form 8-K with the SEC which are posted in the Investor section of the company’s website at

Joining us today are Art Coppola, CEO and Chairman; Tom O'Hern, Senior Executive Vice President and Chief Financial Officer; Robert Perlmutter, Senior Executive Vice President and Chief Operating Officer and John Perry, Senior Vice President, Investor Relations.

With that, I would like to turn the call over to Tom.

Tom O'Hern

Thank you, Jean. Consistent with past practice will be

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