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Macerich Co (MAC.N)

MAC.N on New York Stock Exchange

56.46USD
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$0.10 (+0.18%)
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Latest Key Developments (Source: Significant Developments)

Macerich Sells Office Building In Chicago For $86.4 Mln
Tuesday, 28 Nov 2017 

Nov 27 (Reuters) - Macerich Co ::MACERICH ANNOUNCES ADDITIONAL NON-CORE ASSET SALE.‍SALE OF AN OFFICE BUILDING AT 500 NORTH MICHIGAN AVENUE IN CHICAGO FOR $86.4 MILLION.  Full Article

Loeb's Third Point takes stake in mall-owner Macerich - Bloomberg
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - :Loeb's Third Point takes stake in mall-owner Macerich - Bloomberg, citing sources.Loeb is pushing for change at Macerich, including possible sale - Bloomberg, citing sources.  Full Article

Macerich reports Q3 FFO per share $0.96
Tuesday, 31 Oct 2017 

Oct 30 (Reuters) - Macerich Co :Macerich announces quarterly results.Q3 FFO per share $0.96.Macerich Co - ‍on October 24, 2017 co increased its quarterly dividend on common shares to $.74 per share, a 4.2 pct increase​.Macerich Co - ‍management is reaffirming its previously provided diluted FFO per share guidance for 2017​.Macerich Co ‍sees 2017 diluted eps in $1.12 - $1.22​ range.  Full Article

Macerich declares an increase in its quarterly dividend
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Macerich Co :Macerich declares an increase in its quarterly dividend.Macerich Co - ‍board of directors of Macerich Company declared 4.2 pct increase in its quarterly cash dividend to $.74 per share of common stock​.  Full Article

Macerich posts Q2 earnings of $0.31/share
Monday, 1 Aug 2016 

Macerich Co: Macerich announces strong quarterly results . Quarterly FFO per share $1.02 . Qtrly earnings per share $0.31 . Mall portfolio occupancy was 95.0% at June 30, 2016 compared to 95.5% at June 30, 2015 . Sees 2016 diluted FFO per share to be in the range of $4.05 - $4.15 . Fy2016 FFO per share view $4.10 -- Thomson Reuters I/B/E/S . Q2 FFO per share view $0.98 -- Thomson Reuters I/B/E/S .Q2 earnings per share view $0.23 -- Thomson Reuters I/B/E/S.  Full Article

Macerich Co enters into second amended, restated credit agreement
Wednesday, 13 Jul 2016 

Macerich Co : On July 6, entered into a second amended and restated credit agreement - SEC filing . Amended credit agreement provides for a $1.5 billion revolving loan facility that matures on July 6, 2020 . Amended credit agreement provides for revolving loan facility with an option to extend maturity until July 6, 2021 . Has ability from time to time to increase size of facility by up to an additional $500 million .Amended credit agreement also provides for a sublimit of $50 million for swing line advances.  Full Article

Macerich Co - enters share repurchase agreement with investment bank
Saturday, 14 May 2016 

Macerich Co : On May 9, entered into an accelerated share repurchase agreement with one if its investment banks - SEC filing . Agreed to repurchase $400 million of its outstanding common stock, with an aggregate initial delivery of approximately 4 million shares .Macerich Co says is funding asr with cash proceeds generated from recent sale of joint venture interests in four malls and related refinancings.  Full Article

UPDATE 1-Longtime Macerich CEO Arthur Coppola to retire at year-end

April 19 Macerich Co said on Thursday Chief Executive Arthur Coppola will retire at year-end, capping a 25-year stint at the helm of the U.S. shopping mall operator.