Close

Macerich (MAC) Reports Q2 FFO of $0.59

August 4, 2021 7:18 AM EDT

Macerich (NYSE: MAC) reported Q2 FFO of $0.59, versus $0.39 reported last year. Revenue for the quarter came in at $215.5 million versus the consensus estimate of $179.22 million.

2021 Earnings Guidance:

At this time, we are raising the low end of our guidance ranges, narrowing the ranges and increasing the mid-point of our 2021 guidance for both estimated EPS-diluted and FFO per share-diluted. A reconciliation of estimated EPS-diluted to FFO per share-diluted follows:

Fiscal Year 2021
Guidance

EPS-diluted

($0.06) - $0.09

Plus: real estate depreciation and amortization

2.22 - 2.22

Less: gain on sale of depreciable assets

0.37 - 0.37

FFO per share-diluted

1.79 - 1.94

Plus: Impact of financing expense in connection with Chandler Freehold

0.03 - 0.03

FFO per share – diluted, excluding financing expense in connection with Chandler Freehold

$1.82 - $1.97

For earnings history and earnings-related data on Macerich (MAC) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance

Related Entities

Earnings