Macerich (MAC) Tops Q3 FFO by 3c, Reaffirms FY Guidance

Macerich (NYSE: MAC) reported Q3 FFO of $1.01, $0.03 better than the analyst estimate of $0.98. Revenue for the quarter came in at $326.3 million versus the consensus estimate of $327.66 million.

2015 Earnings Guidance:

Management is reaffirming its previously provided FFO per share guidance range of $3.86 to $3.94. In confirming the guidance range, the Company has factored in expected FFO dilution of $.03 per share in 2015 due to the joint ventures mentioned above. The guidance does not include the impact of gains or losses on early extinguishment of debt or expenses related to an unsolicited takeover attempt.

(Consensus sees FY FFO of $3.79.)

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

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