Macerich (MAC) Implements Path-Forward Plan, Bolsters Growth [Yahoo! Finance]
Macerich Company (The) (MAC)
Last macerich company (the) earnings: 2/6 07:00 am
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Source: Yahoo! Finance
Additionally, the company plans to strategically consolidate selected joint venture assets that are core to the overall strategy. Specifically, Macerich aims to reduce the leverage of the capital structure to a range of low-to-mid 6x within the next three to four years. Over the same period, it expects to deliver a clean FFO/share launch point of approximately $1.80/share. The company has outlined the Path-Forward Plan, which encompasses three main elements aimed at fostering long-term growth. The initial element of the Path-Forward Plan involves simplifying its business operations. This initiative aims to refresh the ranking of the portfolio by prioritizing criteria beyond sales per square foot. It seeks to enhance the quality of the portfolio through asset sales and give-backs. The second element of the plan focuses on improving operational performance. Macerich plans to proactively replace outdated anchor spaces while prioritizing anchors that align with future trends. This
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News
- Kansas City's County Club Plaza expected to be sold to Dallas luxury group on Friday [Yahoo! Finance]Yahoo! Finance
- Macerich Schedules Second Quarter 2024 Earnings Release and Conference CallGlobeNewswire
- The Macerich Company (NYSE: MAC) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $14.00 to $12.50. They now have a "sell" rating on the stock.MarketBeat
- Why Is Macerich (MAC) Up 7.6% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Macerich To Present at Nareit's REITweek 2024 Investor Conference [Yahoo! Finance]Yahoo! Finance
MAC
Earnings
- 4/30/24 - Miss
MAC
Sec Filings
- 6/25/24 - Form 11-K
- 6/4/24 - Form 8-K
- 6/3/24 - Form 4
- MAC's page on the SEC website