Macerich (MAC) Tops Q1 EPS by 3c, Reaffirms FY Guidance
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Macerich (NYSE: MAC) reported Q1 EPS of $0.89, $0.03 better than the analyst estimate of $0.86. Revenue for the quarter came in at $256 million versus the consensus estimate of $282.21 million.
2016 Earnings Guidance:Management is reaffirming its previous estimate of diluted EPS and FFO per share guidance for 2016. A reconciliation of estimated EPS to FFO per share-diluted follows:
2016 range | |
Diluted EPS | $3.73 - $3.83 |
Plus: real estate depreciation and amortization | 3.07 - 3.07 |
Less: gain on sale of dispositions | 2.75 - 2.75 |
Diluted FFO per share | $4.05 - $4.15 |
For earnings history and earnings-related data on Macerich (MAC) click here.
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