Macerich Q3 FFO Declines, Revenue Rises; Appoints New Finance Chief

MT Newswires Live11-06

Macerich (MAC) reported Q3 funds from operations Wednesday of $0.36 per diluted share, down from $0.41 a year earlier.

Analysts polled by Capital IQ expected $0.39.

Revenue for the quarter ended Sept. 30 was $203.4 million, up from $197.3 million a year earlier.

Analysts polled by Capital IQ expected $206.1 million.

Separately, Macerich said Chief Financial Officer Scott Kingsmore will step down Nov. 16 and will be succeeded by Daniel Swanstrom II.

Swanstrom previously served as CFO of two public REITs.

Kingsmore will become senior adviser and will remain with the company through Dec. 31.

Price: 18.80, Change: -0.14, Percent Change: -0.74

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481393422?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-06 21:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481393422","market":"hk","top_or_hot":-1,"title":"Macerich Q3 FFO Declines, Revenue Rises; Appoints New Finance Chief","media":"MT Newswires Live","content":"<html><body><p> Macerich (MAC) reported Q3 funds from operations Wednesday of $0.36 per diluted share, down from $0.41 a year earlier.</p><p>Analysts polled by Capital IQ expected $0.39.</p><p>Revenue for the quarter ended Sept. 30 was $203.4 million, up from $197.3 million a year earlier.</p><p>Analysts polled by Capital IQ expected $206.1 million.</p><p>Separately, Macerich said Chief Financial Officer Scott Kingsmore will step down Nov. 16 and will be succeeded by Daniel Swanstrom II.</p><p>Swanstrom previously served as CFO of two public REITs.</p><p>Kingsmore will become senior adviser and will remain with the company through Dec. 31.</p><p>Price: 18.80, Change: -0.14, Percent Change: -0.74</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Macerich Q3 FFO Declines, Revenue Rises; Appoints New Finance Chief</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMacerich Q3 FFO Declines, Revenue Rises; Appoints New Finance Chief\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-06 21:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Macerich (MAC) reported Q3 funds from operations Wednesday of $0.36 per diluted share, down from $0.41 a year earlier.Analysts polled by Capital IQ expected $0.39.Revenue for the quarter ended Sept. ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\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":"https://www.mtnewswires.com/","article_id":"2481393422","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481393422","pubTimestamp":1730900706,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Macerich  reported Q3 funds from operations Wednesday of $0.36 per diluted share, down from $0.41 a year earlier.Analysts polled by Capital IQ expected $0.39.Revenue for the quarter ended Sept. 30 was $203.4 million, up from $197.3 million a year earlier.Analysts polled by Capital IQ expected $206.1 million.Separately, Macerich said Chief Financial Officer Scott Kingsmore will step down Nov. 16 and will be succeeded by Daniel Swanstrom II.Swanstrom previously served as CFO of two public REITs.Kingsmore will become senior adviser and will remain with the company through Dec. 31.Price: 18.80, Change: -0.14, Percent Change: -0.74","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MAC":"马塞里奇房产"},"translate_title":"Macerich第三季度FFO下降，收入上升；任命新财务主管","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MAC":1},"content_text":"Macerich (MAC) reported Q3 funds from operations Wednesday of $0.36 per diluted share, down from $0.41 a year earlier.Analysts polled by Capital IQ expected $0.39.Revenue for the quarter ended Sept. 30 was $203.4 million, up from $197.3 million a year earlier.Analysts polled by Capital IQ expected $206.1 million.Separately, Macerich said Chief Financial Officer Scott Kingsmore will step down Nov. 16 and will be succeeded by Daniel Swanstrom II.Swanstrom previously served as CFO of two public REITs.Kingsmore will become senior adviser and will remain with the company through Dec. 31.Price: 18.80, Change: -0.14, Percent Change: -0.74","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481393422"}