earnings
confidence high
sentiment positive
materiality 0.70
Macerich Q4 2022: FFO $0.53, same-center NOI +2.0%, occupancy 92.6%
MACERICH CO
2022-FY EPS reported
-$0.31
revenue$859,164,000
- Net income $1.7M ($0.01 diluted EPS) vs net loss $17.1M in Q4 2021.
- FFO (excl Chandler Freehold) $119.5M or $0.53 per share, flat YoY.
- Same center NOI (excl lease term income) +2.0% in Q4, +7.5% year-to-date.
- Portfolio occupancy 92.6%, up 1.1% YoY; 2022 leasing volume of 3.8M sq ft, strongest in over a decade.
- 2023 FFO guidance $1.75-$1.85 per share; quarterly dividend $0.17 payable Mar 3.