Macerich: The Dividend Fallacy [Seeking Alpha]
Macerich Company (The) (MAC)
Last macerich company (the) earnings: 2/6 07:00 am
Check Earnings Report
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
Show less
Read more
Impact Snapshot
Event Time:
MAC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MAC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MAC alerts
High impacting Macerich Company (The) news events
Weekly update
A roundup of the hottest topics
MAC
News
- New owner of Biltmore Fashion Park announces new retailers at Phoenix shopping center [Yahoo! Finance]Yahoo! Finance
- Running a country or a business—leaders must ‘honor the room,' says Wharton professor [Fortune]Fortune
- The Macerich Company (NYSE: MAC) had its price target raised by analysts at Compass Point from $20.00 to $23.00. They now have a "buy" rating on the stock.MarketBeat
- Experts say mortgage rates will stay high as Trump inflation fears negate expected Fed cut [Fortune]Fortune
- Macerich Co (MAC) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic Growth ... [Yahoo! Finance]Yahoo! Finance
MAC
Earnings
- 11/7/24 - Miss
MAC
Sec Filings
- 11/12/24 - Form 144
- 11/12/24 - Form 8-K
- 11/12/24 - Form 424B5
- MAC's page on the SEC website