Macerich: The Dividend Fallacy [Seeking Alpha]
Macerich Company (The) (MAC)
Last macerich company (the) earnings: 2/6 07:00 am
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US:NYSE Investor Relations:
macerich.com/investors
Company Research
Source: Seeking Alpha
Summary Macerich's cash generated from operations is more enough to cover its high dividend. It plans to grow NOI in the mid single digits on an annual basis, which is only going to increase coverage. Retail bankruptcies have moderated somewhat and things should get better going forward. Despite all this, Macerich trades at an incredibly cheap valuation for a company holding such high quality assets. There has been a lot of discussion regarding Macerich's( MAC The proper method There has been substantial debate on the proper method of measuring funds available for distribution. There are some investors who use CFFO, but this method doesn't take into account depreciation from JVs as it only reflects the finances of consolidated properties, so we believe it substantially understates funds available for distribution. FFO minus capex is also used commonly, but this counts redevelopment costs. We believe redevelopment costs shouldn't be counted as (1) they're onetime expenses and (2) redev
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High impacting Macerich Company (The) news events
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MAC
News
- The Macerich Company (NYSE: MAC) was upgraded by analysts at Mizuho from an "underperform" rating to a "neutral" rating. They now have a $22.00 price target on the stock, up previously from $14.00.MarketBeat
- 5 stocks that can snag investors a holiday deal, according to Morningstar [Business Insider]Business Insider
- Macerich Announces Pricing of Upsized Public Offering of Common StockGlobeNewswire
- Macerich Announces Commencement of Public Offering of Common StockGlobeNewswire
- New owner of Biltmore Fashion Park announces new retailers at Phoenix shopping center [Yahoo! Finance]Yahoo! Finance
MAC
Earnings
- 11/7/24 - Miss
MAC
Sec Filings
- 11/27/24 - Form 8-K
- 11/26/24 - Form 424B5
- 11/25/24 - Form 424B5
- MAC's page on the SEC website