Macerich (MAC) Reports Q3 EPS of $0.52

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Macerich Announces Quarterly Results

November 5, 2020 7:00 AM EST

SANTA MONICA, Calif., Nov. 5, 2020 /PRNewswire/ -- The Macerich Company (NYSE: MAC, the "Company") today announced results of operations for the quarter ended September 30, 2020, which included net loss attributable to the Company of $22.2 million or $0.15 per share-diluted for the quarter ended September 30, 2020 compared to net income of $46.4 million or $0.33 per share-diluted attributable to the Company for the quarter ended September 30, 2019. For the third quarter 2020, funds from operations ("FFO")-diluted, excluding financing expense in connection with Chandler Freehold was $83.4 million or $0.52 per share-diluted compared to $133.2 million or $0.88 per share-diluted for the quarter ended September 30, 2019. A description and reconciliation... More