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Macerich Co (MAC.N)

MAC.N on New York Stock Exchange

58.80USD
22 Feb 2018
Change (% chg)

$0.84 (+1.45%)
Prev Close
$57.96
Open
$58.13
Day's High
$59.13
Day's Low
$58.13
Volume
404,469
Avg. Vol
481,571
52-wk High
$69.52
52-wk Low
$52.12

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

Macerich Co Reaffirms FY 2016 FFO guidance
Wednesday, 4 May 2016 

Macerich Co:Reaffirming its previous estimate of diluted EPS and FFO per share guidance for FY 2016.Sees FY 2016 Diluted EPS $3.73 - $3.83.Sees FY 2016 Diluted FFO per share $4.05 - $4.15.  Full Article

Macerich Co declares quarterly dividend on its common shares
Tuesday, 26 Apr 2016 

Macerich Co:Declared a quarterly cash dividend of $.68 per share of common stock.Dividend is payable on June 3 to stockholders of record date as on May 5.  Full Article

BRIEF-Macerich Reports Q4 FFO Per Share $1.03

* QTRLY NET INCOME AND FFO INCLUDED A $14.5 MILLION RE-VALUATION REDUCTION OF A DEFERRED TAX ASSET AS A RESULT OF TAX ACT