- Macerich’s funds from operations (FFO) per share as adjusted was 47 cents, surpassing estimates of 46 cents.
- The company reported a decline in FFO per share from 71 cents last year to 51 cents this year.
- Total center occupancy increased to 94.1%, compared to 93.5% in the previous year, slightly beating the estimate of 93.9%.
- Total revenue reported was $273.7 million, marking a 15% increase compared to the last year, exceeding the estimated $212.7 million.
- Analyst recommendations include 3 buys, 10 holds, and 4 sells.
A look at Macerich Co/The Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Macerich Co/The is showing a promising long-term outlook. With a high Momentum score of 5, the company is demonstrating strong upward movement and potential for future growth. This is complemented by solid scores in Dividend and Value, indicating stability and attractiveness for investors seeking returns over time. Although the Resilience score is slightly lower, the overall outlook remains positive for Macerich Co/The.
The Macerich Company is a reputable real estate investment trust focusing on regional and community shopping centers across the United States. Their integrated approach to acquiring, owning, redeveloping, and managing properties positions them well in the market. With a diverse portfolio and a focus on delivering value to investors, Macerich Co/The is poised to continue its growth trajectory in the real estate sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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