Nov. 5 at 4:02 PM
$MAC Q3 miss — can leasing gains offset rising costs? 🤔
Macerich reported FFO per share of 35 cents, missing estimates, with occupancy down and interest expenses up 27.3% 📉. Yet, the amount of leased square footage signed surged 81% YoY, boosting NOI and re-leasing spreads 📈.
See if MAC can turn this around 👉 https://www.zacks.com/stock/news/2785813/macerich-q3-ffo-revenues-miss-estimates-occupancy-declines-yy?cid=sm-stocktwits-2-2785813-body-19567&ADID=SYND_STOCKTWITS_TWEET_2_2785813_BODY_19567