- Total centers occupancy was reported at 92%, falling short of the previous year’s rate of 93.3% and below the anticipated 92.6%.
- Funds From Operations (FFO) per share came in at 32 cents, a decrease from the 44 cents reported in the previous year.
- Total revenue experienced a significant increase, reaching $249.8 million, which is a 16% rise compared to the previous year. This figure surpassed the projected $227.2 million.
- Analyst recommendations include 6 buy ratings, 9 hold ratings, and 3 sell ratings.
A look at Macerich Co/The Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts reviewing the Smartkarma Smart Scores for Macerich Co/The have indicated a positive long-term outlook for the company. The company’s strong scores in Value and Dividend factors suggest a solid financial standing and potential for stable returns for investors. However, the lower scores in Growth and Resilience factors highlight areas of potential concern, indicating slower growth prospects and lower resilience to market challenges.
Despite these challenges, Macerich Co/The‘s moderate Momentum score indicates some positive market momentum that could potentially drive future performance. As a fully integrated real estate investment trust specializing in shopping centers across the United States, Macerich Co/The‘s ability to leverage its assets and adapt to changing market conditions will be crucial for long-term success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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