Macerich Q1 Loss Sharply Widens; Withdraws FY24 Outlook

RTTNews | 241日前
Macerich Q1 Loss Sharply Widens; Withdraws FY24 Outlook

(RTTNews) - REIT Macerich Co. (MAC) reported Tuesday that a net loss attributable to the company of $126.73 million or $0.59 per share, sharply wider than $58.73 million or $0.27 per share in the prior-year quarter.

Funds from operations or FFO were $74.60 million or $0.33 per share, compared to $95.92 million or $0.43 per share in the year-ago quarter.

On average, seven analysts polled by Thomson Reuters expected the company to report a loss of $0.09 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter decreased to $208.78 million from $214.85 million in the same quarter last year. Analysts expected revenue of 205.11 million for the quarter.

Looking ahead, the company said it is withdrawing its 2024 guidance.

On Friday, the company declared a quarterly cash dividend of $0.17 per share of common stock, payable on June 3, 2024 to stockholders of record at the close of business on May 20, 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Macerich Sees Wider FY22 Loss - Update

Macerich Sees Wider FY22 Loss - Update

While reporting financial results for the second quarter on Thursday, REIT Macerich Co. (MAC) said it now sees a wider loss for the full year 2022. However, the company slightly raised its Funds from Operations (FFO) forecast.
RTTNews | 883日前
TSX Ends Modestly Lower

TSX Ends Modestly Lower

https://money.tmx.com/canadian-markets https://www.rttnews.com/3499633/bay-street-likely-to-open-slightly-higher.aspx?type=cn
RTTNews | 8時24分前
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

The Switzerland market closed on a firm note on Friday, in line with markets across Europe, as investors picked up stocks from across several sectors. The benchmark SMI closed up 101.06 points or 0.88% at 11,589.34, slightly off the day's high of 11,597.29.
RTTNews | 12時17分前