Jefferies Maintains Hold Rating on Macerich (MAC) Following Weak FY17 Outlook
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Macerich Announces Strong Quarterly Results
February 6, 2017 4:10 PM ESTSANTA MONICA, Calif., Feb. 6, 2017 /PRNewswire/ --Â The Macerich Company (NYSE Symbol: MAC) today announced results of operations for the quarter ended December 31, 2016, which included net income attributable to the Company of $ 37.1 million or $.26 per share-diluted for the quarter ended December 31, 2016 compared to net income attributable to the Company for the quarter ended December 31, 2015 of $415.0 million or $2.65 per share-diluted. Included in net income in the fourth quarter of the 2015 results is a $311 million or $1.86 per share gain on selling joint venture interests in four malls. For the fourth quarter, 2016, funds from operations ("FFO") diluted... More
