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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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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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