Why Stock for Macerich and Penn REITs Jumped for the Third Day in a Row [The Motley Fool]
Macerich Company (The) (MAC)
Last macerich company (the) earnings: 2/6 07:00 am
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Source: The Motley Fool
What happenedShares of mall landlordMacerich(NYSE:MACPennsylvania REITNYSE:PEIreal estate investment trustsSimon Property GroupNYSE:SPGSo whatThe big problem for the enclosed malls and factory outlet centers that Macerich and Simon own is pretty simple: They have been shut down because ofCOVID-9Image source: Getty Images.However, over the last week or so, a handful of states have either begun allowing nonessential businesses to reopen or have started to discuss plans for eventual reopening. Simon, the largest name in the mall REIT sector, has taken the lead. According to a CNBC report, it intends to reopen 9 malls in 0 states where limits on social distancing are being eased. The entire mall sector will be watching what Simon does, but it has notable implications for Macerich. That's because the two landlords have similarly high-end-focused portfolios. If Simon is taking initial steps to reopen, Macerich probably won't be far behind. And the sooner it opens, the more likely it is to m
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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