Macerich (MAC) Reports Q2 FFO of $0.39

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Go back to Macerich (MAC) Reports Q2 FFO of $0.39

Macerich Announces Quarterly Results

August 11, 2020 7:00 AM EDT

SANTA MONICA, Calif., Aug. 11, 2020 /PRNewswire/ -- The Macerich Company (NYSE: MAC) today announced results of operations for the quarter ended June 30, 2020, which included net loss attributable to the Company of $25.1 million or $0.18 per share-diluted for the quarter ended June 30, 2020 compared to net income of $15.7 million or $0.11 per share-diluted attributable to the Company for the quarter ended June 30, 2019. For the second quarter 2020, funds from operations ("FFO")-diluted, excluding financing expense in connection with Chandler Freehold and loss on extinguishment of debt was $60.5 million or $0.39 per share-diluted compared to $133.6 million or $0.88 per share-diluted for the... More