Previous close | 16.01 |
Open | 15.30 |
Bid | 14.83 x 900 |
Ask | 14.84 x 900 |
Day's range | 14.72 - 15.44 |
52-week range | 9.05 - 17.69 |
Volume | |
Avg. volume | 1,971,262 |
Market cap | 3.364B |
Beta (5Y monthly) | 2.36 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.68 (4.25%) |
Ex-dividend date | 17 May 2024 |
1y target est | N/A |
Challenges Persist as Macerich Faces a Significant Net Loss Despite Strong Leasing Momentum
Macerich (MAC) delivered FFO and revenue surprises of -20.51% and 3.93%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
A portfolio of premium shopping centers, a focus on omnichannel retailing and developing mixed-use assets are likely to support Macerich (MAC) despite higher e-commerce adoption and high interest rates.