Macerich (MAC) Tops Q3 EPS by 25c, Revenues Beat; Provides FY19 Outlook

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Go back to Macerich (MAC) Tops Q3 EPS by 25c, Revenues Beat; Provides FY19 Outlook

Macerich Announces Quarterly Results

October 31, 2019 6:45 AM EDT

SANTA MONICA, Calif., Oct. 31, 2019 /PRNewswire/ -- The Macerich Company (NYSE: MAC) today announced results of operations for the quarter ended September 30, 2019, which included net income attributable to the Company of $46.4 million or $.33 per share-diluted for the quarter ended September 30, 2019 compared to net income attributable to the Company for the quarter ended September 30, 2018 of $74.0 million or $.52 per share-diluted. For the third quarter 2019, funds from operations ("FFO")-diluted, excluding financing expense in connection with Chandler Freehold was $133.2 million or $.88 per share-diluted compared to $149.6 million or $.99 per share-diluted, for the quarter ended September 30, 2018. A... More