Stock Track | Macerich Plummets 5.13% as Q4 FFO Misses and Outlook Remains Challenging

Stock Track02-28

Shares of Macerich (MAC) plummeted 5.13% in Friday's trading session, underperforming the broader market. The decline followed Macerich's Q4 2024 earnings release, which revealed a disappointing drop in funds from operations (FFO) and a challenging outlook for the retail REIT.

The key factors contributing to Macerich's stock plummet are as follows:

- FFO per share for Q4 2024 came in at $0.47, marking a 17.5% year-over-year decline. This missed analysts' expectations, despite Macerich meeting the Zacks Consensus Estimate.

- While revenues increased year-over-year and beat estimates, same-center net operating income (NOI) decreased by 0.4% in Q4 2024 compared to the prior year. This indicates that Macerich is facing challenges in maintaining its profitability and operating efficiency.

- Macerich's operating expenses, including shopping center expenses, management companies' operating expenses, and leasing expenses, all saw significant year-over-year increases. Higher expenses weighed on the company's profitability.

- Analysts expressed concerns about Macerich's high debt-to-EBITDA ratio, which remained elevated at slightly below 8 times at year-end 2024, despite some improvement. This heavy debt burden could limit the company's financial flexibility and future growth prospects.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Higher expenses weighed on the company's profitability.</p>\n\n<p>- Analysts expressed concerns about Macerich's high debt-to-EBITDA ratio, which remained elevated at slightly below 8 times at year-end 2024, despite some improvement. This heavy debt burden could limit the company's financial flexibility and future growth prospects.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MAC","symbol_name":"马塞里奇房产","start_time":0,"source_url":"","article_id":"1197876306","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197876306","pubTimestamp":1740767351,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Macerich  plummeted 5.13% in Friday's trading session, underperforming the broader market. 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