Macerich Q3 net loss of $15.2M; FFO $0.46 per share; dividend raised 13.3% to $0.17

MACERICH CO

2022-Q3 EPS reported -$0.32 revenue$630,939,000

Net loss attributable to company $15.2M ($0.07 diluted) vs net income $106.7M ($0.50) in Q3 2021.
FFO (excl. financing expense & debt loss) $102.8M or $0.46/diluted share, vs $0.45 YoY.
Same center NOI (excl. lease term income) up 2.1% in Q3; YTD up 9.8%.
Portfolio occupancy 92.1%, up 180 bps YoY; trailing 12-mo sales per sq ft $877 vs $801 at Dec 2019.
Dividend increased 13.3% to $0.17 quarterly; FY 2022 FFO guidance narrowed to $1.93-$1.99 per share (excl. items).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MACERICH CO reported the three and nine months ended September 30, 2022 results: net income $15.2 million or $0.07 per share-diluted, EPS $0.07 per share-diluted.

Period: the three and nine months ended September 30, 2022
Net income: $15.2 million or $0.07 per share-diluted
EPS: $0.07 per share-diluted
Result: reported results

Exact text from the filing

On November 3, 2022, The Macerich Company (the “Company) released its financial results for the three and nine months ended September 30, 2022 by posting to its website a financial supplement containing financial and operating information of the Company (“Earnings Results & Supplemental Information”) and such Earnings Results & Supplemental Information is furnished as Exhibit 99.1 hereto.

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Source: SEC EDGAR

accession 0000912242-22-000027

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