Macerich (MAC) Reports Q2 FFO of $0.59
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 | |
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For earnings history and earnings-related data on Macerich (MAC) click here.