Macerich's Q3 FFO Lags Estimates, Revenues Increase Y/Y
Macerich(MAC) ZACKS·2024-11-08 01:31
Macerich (MAC) reported funds from operations (FFO) per share, excluding financing expenses in connection with Chandler Freehold, accrued default interest expense and loss on non-real estate investments of 38 cents, which missed the Zacks Consensus Estimate of 40 cents. The figure decreased 15.6% from the year-ago quarter’s 45 cents.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflected higher interest expenses on a year-over-year basis. However, this retail REIT experien ...