earnings
confidence high
sentiment neutral
materiality 0.65
Macerich Q2 net loss $15.4M; FFO $0.46; same-center NOI +5.4%; occupancy 91.8%
MACERICH CO
2022-Q2 EPS reported
-$0.25
revenue$420,235,000
- Net loss $15.4M ($0.07 diluted) vs $11.8M loss in Q2 2021; FFO ex Chandler $102.9M ($0.46) vs $127.6M ($0.59).
- Same-center NOI excl lease termination +5.4% YoY; incl lease term +7.8%.
- Portfolio occupancy 91.8% (up 2.4pp YoY); record trailing sales $860/sqft.
- Signed 274 leases for 1.2M sqft (+27% count, +74% sqft YoY); re-leasing spreads +0.6%.
- 2022 FFO guidance narrowed to $1.92-$2.04 per share (midpoint increased); quarterly dividend $0.15.