The Macerich Company (MAC) CEO Thomas O'Hern on Q1 2022 Results - Earnings Call Transcript

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Q1: 2022-05-09 Earnings Summary

EPS of -$0.17 misses by $0.16
 | Revenue of $216.14M (13.51% Y/Y) beats by $6.95M

The Macerich Company (NYSE:MAC) Q1 2022 Earnings Conference Call May 9, 2022 1:00 PM ET

Company Participants

Samantha Greening - Director of Investor Relations
Thomas O'Hern - CEO & Director
Scott Kingsmore - Senior EVP, CFO & Treasurer
Douglas Healey - Senior EVP & Head of Leasing

Conference Call Participants

Derek Johnston - Deutsche Bank
Craig Schmidt - BofA Securities
Samir Khanal - Evercore ISI
Floris Van Dijkum - Compass Point Research
Linda Tsai - Jefferies
Mike Mueller - JPMorgan
Ki Bin Kim - Truist Securities
Richard Hill - Morgan Stanley
Michael Bilerman - Citigroup
Caitlin Burrows - Goldman Sachs

Operator

Good day, and welcome to The Macerich Company First Quarter 2022 Earnings Call. Today's conference is being recorded.

At this time, I'd like to turn the conference over to Ms. Samantha Greening, Director of Investor Relations. Please go ahead.

Samantha Greening

Thank you for joining us on our first quarter 2022 earnings call. During the course of this call, we'll 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 U.S., regional and global economies and the financial condition and results of the 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 on the Investors section of the company's website at macerich.com.

Joining us today are Tom O'Hern, Chief Executive Officer; Scott Kingsmore, Senior Executive Vice President

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