earnings
confidence high
sentiment positive
materiality 0.80
Macerich reports Q1 2022: net loss narrows to $37.2M, FFO per share $0.50, occupancy 91.3%
MACERICH CO
2022-Q1 EPS reported
-$0.17
revenue$216,144,000
- Net loss $37.2M ($0.17/diluted share) vs $63.6M loss ($0.40) in Q1 2021.
- FFO (ex-Chandler Freehold) $112.4M ($0.50/diluted share), up 12.8% per share YoY.
- Same-center NOI (ex-lease term income) up 24.7% YoY; portfolio occupancy 91.3% vs 88.5% a year ago.
- Trailing twelve-month sales per sq ft $843, record high; signed 220 leases (+22% YoY).
- 2022 FFO guidance narrowed to $1.90-$2.04/sh ex-Chandler Freehold; quarterly dividend $0.15/sh.