Entering text into the input field will update the search result below

The Macerich Company (MAC) CEO Tom O'Hern on Q2 2021 Results - Earnings Call Transcript

Aug. 04, 2021 4:45 PM ETThe Macerich Company (MAC)7 Comments
SA Transcripts profile picture
SA Transcripts

The Macerich Company (NYSE:MAC) Q2 2021 Earnings Conference Call August 4, 2021 1:00 PM ET

Company Participants

Jean Wood - Vice President, Investor Relations

Tom O'Hern - Chief Executive Officer

Scott Kingsmore - Senior Executive Vice President & Chief Financial Officer

Doug Healey - Senior Executive Vice President, Leasing

Conference Call Participants

Derek Johnston - Deutsche Bank

Craig Schmidt - Bank of America

Floris van Dijkum - Compass Point

Katy McConnell - Citi

Linda Tsai - Jefferies

Greg McGinniss - Scotiabank.

Rich Hill - Morgan Stanley

Alexander Goldfarb - Piper Sandler

Mike Mueller - JPMorgan

Ki Bin Kim - Truist

Caitlin Burrows - Goldman Sachs


Good day everyone. Welcome to The Macerich Company Second Quarter 2021 Earnings Call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Jean Wood, Vice President of Investor Relations. Please go ahead.

Jean Wood

Thank you for joining us on our second quarter 2021 earnings call. During the course of this call, we will be making certain statements that may be deemed forward-looking within the meaning of the Safe Harbor of the Private Securities Litigation Reform Act of 1995, including statements regarding projections, plans, or future expectations.

Actual results may differ materially due to a variety of risks and uncertainties set forth in today's press release and our SEC filings including the adverse impact of the novel coronavirus COVID-19 on the US regional and global economies and the financial condition and results of operations of the company and its tenants.

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 Investors section of the company's website at macerich.com.

Joining us today are Tom O'Hern, Chief

Recommended For You

Comments (7)

AssetMonk profile picture
The way Shares are diluted and managers are mismanaging value , entire board need to be kicked out. They refuse 90 offer and dilute at 18, no one is accountable here.

I seriously believe a competitor installed board to act like Trojan to distroy company from within to make it affordable target for cheap acquisition.
Terrible capital allocators! Shareholders have been diluted significantly over the past year yet Management does not pay the price. They issue more shares to themselves which counters the dilution. This is close to being criminal.
@Lost Capital i agree. I've had enough of this company and sold all my shares back in June when I hit the one year mark of owning the stock :) I keep them on my watch list hoping something changes in the future.
@jchilger Simon has a SPAC looking for a deal, maybe they should approach O'Hern and offer him $18. Would O'Hern then decline the offer saying its inadequate???
@Lost Capital 5-6 years didn't Simon offer to buy MAC $90+ per share. And MAC said no
To report an error in this transcript, .Contact us to add your company to our coverage or use transcripts in your business. Learn more about Seeking Alpha transcripts here. Your feedback matters to us!
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.