Macerich: Taubman Deal Suggests Enormous Upside [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
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Source: Seeking Alpha
Summary We have been bullish on mall , arguing that they are significantly undervalued. Our suggestions that these could double in price or better have been met with doubt. Simon Property Group agreed to buy Taubman at a 100% premium to pre-rumor trading. Macerich (MAC) has properties that are extremely comparable to Taubman, and is trading at an even larger discount, suggesting +100% upside for MAC. Co-produced with Beyond Saving The mall REIT space has been under what seems like constant siege for years. While the fundamental operating metrics have been challenged by the very real surge in tenant bankruptcies, have been quite successful at backfilling properties in a reasonable amount of time. There's no doubt about it, backfilling large anchor properties takes time, and Mr. Market has been impatient. As a result, many mall have been trading at a fraction of their inherent value. We did a NAV valuation of Washington Prime Group WPG more than 100% upside Their common share prices
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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