Macerich Co

Latest Macerich Co News and Updates

  • uploads///MBA
    Macroeconomic Analysis

    Mortgage Applications Rose, Volatility Continued in January

    According to the MBA (Mortgage Bankers Association) survey, mortgage applications rose by 8.8% for the week ending January 22.

    By Lara Sheldon
  • uploads///Art  Departmental Stores
    Company & Industry Overviews

    GGP and Other Retail REITs Struggle to Exist in Digital Era

    During 1Q17, General Growth Properties’ (GGP) occupancy rate (same-store leased percentage) fell to 95.9% from 96.6% in 1Q16.

    By Jennifer Mathews
  • uploads///Art DE
    Company & Industry Overviews

    How Does GGP Manage Its Balance Sheet?

    GGP reached a debt-to-equity ratio 2.2x in 2014, its highest in the last five years.

    By Jennifer Mathews
  • uploads///NOI
    Earnings Report

    How GGP Managed Its Expenses in 2Q17

    In 2Q17, GGP (GGP) reported NOI (net operating income) of $551.0 million, which came in higher than the previous year at $554.0 million.

    By Jennifer Mathews
  • uploads///Chart  ETF
    Company & Industry Overviews

    How to Invest in General Growth Properties through ETFs

    General Growth Properties has a market cap of $22.1 billion, is part of S&P 500 index, and sees allocation in the major REIT-specific ETFs like ICF.

    By Peter Barnes
  • uploads///HHC
    Real Estate

    Ackman increased Pershing’s stake in Howard Hughes Corporation

    An amended 13D filing earlier this month revealed that activist investor Bill Ackman’s hedge fund, Pershing Square Capital, increased its stake in Howard Hughes Corporation.

    By Samantha Nielson
  • uploads///C REV
    Company & Industry Overviews

    Assessing Macerich’s Robust Revenue Growth in Fiscal 2014

    Macerich reported a consolidated revenue of $1.1 billion in 2014—a figure up by 7.4% over 2013. In 2013, its revenue growth was a whopping 29.1% over 2012.

    By Peter Barnes
  • uploads///Art  Operating Expense
    Company & Industry Overviews

    How Rising Interest Rates Could Affect Equity Residential

    The Fed indicated that it could implement two more rate hikes in 2017. The market speculates one of the rate hikes could occur in June, and the other one is expected to occur around December 2017.

    By Jennifer Mathews
  • uploads///Retail Sales
    Energy & Utilities

    Does Falling Gas Mean A Merry Christmas For Retailers?

    At the end of the day, consumers don’t start spending after recessions because they want to. They do it because they have to.

    By Brent Nyitray, CFA, MBA
  • uploads///Development Costs
    Company & Industry Overviews

    Simon Property to Continue with Expansion Plan to Drive Growth

    In its second-quarter 2018 earnings conference call, Simon Property (SPG) stated that it will continue investing in the redevelopment and expansion of its properties.

    By Anirudha Bhagat
  • uploads///Revenues
    Company & Industry Overviews

    Rental and Leasing Activity Drove Simon Property’s Q2 Revenues

    Simon Property (SPG) has reported five consecutive quarters of upbeat top-line performances.

    By Anirudha Bhagat
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    Earnings Report

    Industrial Demand, Diversified Tenants to Aid Realty Income’s Q2

    Realty Income (O) is scheduled to report its Q2 results on August 1. Analysts expect AFFO (adjusted funds from operations) of $0.79.

    By Anirudha Bhagat
  • uploads///Capex
    Earnings Report

    Will Expansion Plans Help Simon Property Drive Mall Traffic?

    Simon Property Group (SPG) has been putting a lot of focus on the redevelopment and expansion of its properties.

    By Anirudha Bhagat
  • uploads///Revenue
    Earnings Report

    Will Sales-Boosting Initiatives Drive Simon Property’s Q2 2018?

    Simon Property Group is undertaking omni-channel retailing and portfolio-restructuring initiatives to maintain traffic amid the retail crisis.

    By Anirudha Bhagat
  • uploads///Article
    Company & Industry Overviews

    What Do Wall Street Analysts Think of SPG?

    Analysts gave SPG a mean price target of $188.10, implying an ~16.0% rise from its current level of $162.26.

    By Raina Brown
  • uploads///Article
    Company & Industry Overviews

    Why SPG Is Commanding a Premium in Comparison to Its Peers

    A higher price-to-FFO multiple for Simon Property means that it has the capacity to give a predictable return as well as consistent dividend yields to investors.

    By Raina Brown
  • uploads///Article
    Company & Industry Overviews

    SPG’s Stable Dividend Policy

    During 2016, SPG repurchased 1,409,197 shares at an average price of $181.14 per share.

    By Raina Brown
  • uploads///Article
    Company & Industry Overviews

    SPG Investments, US Portfolio Built Up in Upcoming Quarters

    As of 3Q17, Simon Property Group had liquidity of more than $6.5 billion of cash on hand, which includes cash from its joint ventures and revolving credit facilities.

    By Raina Brown
  • uploads///Article
    Company & Industry Overviews

    Key Drivers Contributing to SPG’s Evolution

    Simon Property Group’s capital expenditure increased ~15.0% in 2Q17 while it decreased ~1.2% in 3Q17.

    By Raina Brown
  • uploads///PFFO
    Earnings Report

    How GGP Stacks Up against Its Peers after 2Q17

    GGP’s estimated price-to-FFO multiple for fiscal 2018 is 14.2x, which is at a premium compared to its peers.

    By Jennifer Mathews
  • uploads///Dividend
    Earnings Report

    GGP’s Generous Return to Stockholders in 2Q17

    In 2Q17, GGP (GGP) paid $17.5 million in dividends to its shareholders. That was higher than $13.3 million paid a year ago.

    By Jennifer Mathews
  • uploads///Debt
    Earnings Report

    GGP Has High Debt-to-Equity Ratio as of 2Q17: Can It Be Lowered?

    GGP maintained a debt-to-equity ratio of 1.55x for 2Q17. That was higher than the industrial mean of 1.07x.

    By Jennifer Mathews
  • uploads///Dev
    Earnings Report

    GGP Grew in 2Q17 Due to Development and Redevelopment

    GGP has redeveloped its vacant spaces for non-retail uses such as restaurants, entertainment zones, fitness centers, and grocery stores.

    By Jennifer Mathews
  • uploads///Revenue Trend
    Earnings Report

    What Caused GGP’s Soft Rent Growth in 2Q17?

    GGP’s (GGP) minimum rent fell by $17.0 million in 2Q17, mainly because of dilution resulting from the sale of an interest in the Fashion Show Mall in Las Vegas n 2016.

    By Jennifer Mathews
  • uploads///Revenue comp
    Earnings Report

    GGP’s Revenue Rode High in 2Q17, Backed by New Leases

    GGP’s minimum rent fell 3.9% to $349.2 million, and tenant recoveries fell 4.6% to $161.9 million. Overage rent fell 25.0% to $3.3 million.

    By Jennifer Mathews
  • uploads///FFO
    Earnings Report

    GGP’s 2Q17 Results from an Investor’s Perspective

    GGP (GGP) reported funds from operations (or FFO) of $0.35 per share, which was in line with Wall Street estimates. Adjusted FFO remained flat year-over-year.

    By Jennifer Mathews
  • uploads///Art  Rating
    Earnings Report

    How Analysts View Public Storage

    Analysts have assigned PSA a mean price target of $217.67, which is 4.9% higher than its current price level.

    By Jennifer Mathews
  • uploads///Art  Val
    Earnings Report

    Where Public Storage Stands among Other Major Players

    Public Storage has consistently been able to return capital value as well as shareholder returns in the form of dividends and share buybacks.

    By Jennifer Mathews
  • uploads///Art  Consumer sentiment
    Earnings Report

    Public Storage and the Growing US Economy

    Public Storage (PSA) is expected to witness a higher cost of debt in 2Q17, mainly due to the Fed’s rate hikes in 2017.

    By Jennifer Mathews
  • uploads///Art  Consumer sentiment
    Earnings Report

    Inside Public Storage’s 2Q17 Battle with Macro Headwinds

    Public Storage (PSA) is expected to post flat top-line and bottom-line results in 2Q17.

    By Jennifer Mathews
  • uploads///Art  Expansion and Occupancy
    Earnings Report

    What’s Really Driving Public Storage’s Expected 2Q17 Upbeat Results

    Wall Street expects PSA to report adjusted FFO (funds from operation) of $2.40, compared with $2.54 in 2Q16.

    By Jennifer Mathews
  • uploads///Art  NOI
    Earnings Report

    Will Public Storage’s Cost-Reduction Initiatives Drive Higher NOI in 2Q17?

    Wall Street analysts expect Public Storage (PSA) to report NOI (net operating income) of $483.7 million for 2Q17.

    By Jennifer Mathews
  • uploads///Art  Revenue
    Earnings Report

    Will Public Storage Ride High on Top Line in 2Q17?

    Wall Street expects Public Storage (PSA) to report revenue of $667.9 million for 2Q17. Its earnings call will be on July 27, 2017.

    By Jennifer Mathews
  • uploads///Art  FFO
    Earnings Report

    What Lies Ahead for Public Storage in 2Q17

    Analysts expect PSA to report adjusted FFO (funds from operation) of $2.40, compared with $2.54 in 2Q16.

    By Jennifer Mathews
  • uploads///Art  Val
    Company & Industry Overviews

    Where Public Storage Stands Compared to Its Peers

    The value of an REIT such as Public Storage (PSA) is commonly measured by using its price-to-FFO (funds from operations) multiple.

    By Jennifer Mathews
  • uploads///Art  Debt
    Company & Industry Overviews

    How Public Storage Maintains Its Balance Sheet

    REITs such as Public Storage (PSA) distribute at least 90% of their taxable incomes to shareholders in the form of dividends and share repurchases.

    By Jennifer Mathews
  • uploads///Art  Dividend
    Company & Industry Overviews

    Public Storage: A Rewarding Stock for Shareholders

    Public Storage (PSA) has regularly rewarded its shareholders in the form of quarterly dividends. The company has paid a dividend in every quarter since 1981.

    By Jennifer Mathews
  • uploads///Art  Consumer sentiment
    Company & Industry Overviews

    How the Pro-American Environment Boosts Self-Storage

    In a higher household income scenario, people tend to spend more on acquiring properties and need more storage space. This need boosts demand for self-storage facilities.

    By Jennifer Mathews
  • uploads///Art  Interest
    Company & Industry Overviews

    Can Public Storage Survive the Interest Rate Hike?

    REITs will likely be significantly affected by rising interest rates. Rising mortgage rates will increase the cost of purchasing investment properties.

    By Jennifer Mathews
  • uploads///Art  development
    Company & Industry Overviews

    Focus on Quality Helps Public Storage Maintain Occupancy

    Public Storage (PSA) puts a great deal of focus on the development and redevelopment of its existing facilities. Recently, there’s been a trend of rising rent for self-storage facilities.

    By Jennifer Mathews
  • uploads///Art  Revenue
    Company & Industry Overviews

    Public Storage Is Expected to Ride High on Robust Revenue Growth

    Macroeconomic factors such as high rent and demographic changes have resulted in high demand for self-storage facilities.

    By Jennifer Mathews
  • uploads///Art  FFO
    Company & Industry Overviews

    Public Storage: A Self-Storage REIT with Room to Grow

    Rent growth has moderated, but it remains at record highs. In such a scenario, consumers prefer apartments whose rents are affordable. This is where self-storage REITs come in.

    By Jennifer Mathews
  • uploads///Interest Rate Price Ratio
    Company & Industry Overviews

    How Rising Interest Rates Impact AVB and Residential REITs

    There is wide anticipation in the market that the Federal Reserve could raise interest rates again during its upcoming meeting on June 14, 2017.

    By Jennifer Mathews
  • uploads///Art  Consumer Sentiment
    Company & Industry Overviews

    GGP and Retail REITs: Malls Are Winning the Fight against Depletion

    President Trump doesn’t appear to be inclined to support a higher minimum wage for workers. This could help retail REITs control their operating expenses, boosting their margins.

    By Jennifer Mathews
  • uploads///Art  FFO Per Share
    Company & Industry Overviews

    GGP Inc.—A Growth Story amid Struggling Retail REITs

    Despite the belief that US malls are giving way to e-commerce, malls are adapting to consumers’ changing needs. Mall owner GGP (GGP) has been able to maintain its earnings streak since 2012.

    By Jennifer Mathews
  • uploads///Analyst Ratings
    Company & Industry Overviews

    How Wall Street Analysts View Simon Property Group

    Analysts gave SPG a mean price target of $202.45, implying an ~25.1% rise from its current level of $161.78.

    By Jennifer Mathews
  • uploads///PFFO
    Company & Industry Overviews

    Investing in Simon Property Group: Relative Valuation

    Simon Property Group’s current price-to-FFO multiple is ~14.1x.

    By Jennifer Mathews
  • uploads///OPerating Expenses
    Company & Industry Overviews

    Can REITs Like Simon Property Group Survive the Fed’s Interest Rate Hikes?

    The hawkish interest rate environment has added to the woes of mall owners like Simon Property (SPG), as well as the REIT industry.

    By Jennifer Mathews
  • uploads///FFO per share
    Company & Industry Overviews

    Simon Property Group: A Growth Story amid Tremors in REITs

    On April 27, Simon Property Group (SPG) reported 1Q17 earnings per share of $1.53, a 2% beat of the consensus estimate of $1.50.

    By Jennifer Mathews
  • uploads/// debt
    Earnings Report

    General Growth Properties: Less Borrowing Bodes Well

    To lower its effective borrowing costs and extend its maturity profile, GGP was active in unsecured and secured credit markets in fiscal 2015.

    By Peter Barnes
  • uploads///P FFO
    Earnings Report

    Simon’s Valuation Is Unlikely to Expand Further

    Among the 25 analysts following Simon Property stock, 20 have assigned a “buy” rating. The company received no “sell” ratings from any analysts while five brokerages have assigned a “hold” rating.

    By Peter Barnes
  • uploads/// rev
    Earnings Report

    General Growth Properties’ Revenue Fell in 4Q15

    Minimum rent contributed to 60.1% of General Growth Properties’ total revenue in 4Q15.

    By Peter Barnes
  • uploads/// DEBT
    Earnings Report

    Simon’s 4Q15 Earnings: Borrowing Cost Should Remain at Same Level

    The total debt of Simon Property Group (SPG) increased from $20.8 billion as of the end of 4Q14 to $22.5 billion as of the end of 4Q15.

    By Peter Barnes
  • uploads/// occu
    Earnings Report

    SPG’s 4Q15 Operating Metrics: Occupancy under Pressure

    Simon Property Group (SPG) had 179 properties under US malls and premium outlets as of the end of 4Q15 compared to 177 as of the end of 4Q14.

    By Peter Barnes
  • uploads/// ebitda m
    Earnings Report

    Simon Property’s EBITDA Margin Likely to Improve in 4Q15

    Wall Street analysts expect Simon Property’s EBITDA to be $1.1 billion in 4Q15 compared to $967.4 million in 4Q14. That would be a growth of 15.4%.

    By Peter Barnes
  • uploads///Consumption_saving
    Company & Industry Overviews

    Impact of Consumer Spending on Retail REITs

    Consumer spending and the overall health of the economy are the main drivers of retail REITs. The Fed’s decision to increase the interest rate could have a positive or negative impact on spending.

    By Steve Sage
  • uploads///C GUIDANCE
    Earnings Report

    Why CBL’s Managemnet Was Optimisitc in 3Q15 Earnings Call

    CBL & Associates’ management scheduled a conference call to discuss its 3Q15 earnings. The company’s FFO per share was below analyst estimates.

    By Peter Barnes
  • uploads///C EV EBITDA
    Company & Industry Overviews

    Macerich’s Highest EV-to-EBITDA Multiple Compared to Peers

    Over the past eight years, Macerich’s EV-to-EBITDA has ranged between 11.9x–27.2x, with a current EV-to-EBITDA multiple of around 21.8x.

    By Peter Barnes
  • uploads///C COST
    Company & Industry Overviews

    CBL & Associates Properties: Cost Structure Analysis

    A look at CBL’s cost structure indicates that its EBITDA margin was lower than that of several close competitors, but higher than Taubman Center’s margin,

    By Peter Barnes
  • uploads///C STRATEGY
    Company & Industry Overviews

    How CBL Plans to Increase Shareholder Returns

    CBL’s (CBL) long-term strategy is to maximize shareholder returns while maintaining prudent risk profile.

    By Peter Barnes
  • uploads///C PROPERTY PORT
    Company & Industry Overviews

    A Look Into CBL & Associates’ Retail Mall Business

    CBL & Associates’ retail mall business comprises four main property portfolios—shopping malls, associated centers, community centers, and office buildings.

    By Peter Barnes
  • uploads///C PICS
    Company & Industry Overviews

    CBL & Associates Properties: A Must-Know Company Overview

    CBL & Associates Properties is the fifth-largest retail mall REIT (real estate investment trust) in the United States.

    By Peter Barnes
  • uploads///C A LEASE FREESTANDING
    Company & Industry Overviews

    Why Long-Term Anchor Tenant Leases Are Beneficial to Macerich

    Approximately 41% of Macerich’s anchor tenant leases are for more than five years. These long-term leases for anchor tenants bode well for retail REITs.

    By Peter Barnes
  • uploads///C SIMON
    Company & Industry Overviews

    Why Macerich Rejected Simon Property’s Acquisition Offer

    Macerich rejected Simon Property’s final bid in March 2015, explaining that the offer of $95.50 per share undervalued the company and its growth prospects.

    By Peter Barnes
  • uploads///C MAP
    Company & Industry Overviews

    A Breakdown of Macerich’s Retail Mall Business

    By the end of fiscal 2014, Macerich either owned or had ownership interest in 60 shopping centers consisting of approximately 55 million square feet of GLA.

    By Peter Barnes
  • uploads///C PICS
    Company & Industry Overviews

    Investing in Macerich: a Must-Know Company Overview

    Macerich is a self-managed REIT headquartered in Santa Monica, California. The company was founded in New York in 1964.

    By Peter Barnes
  • uploads///Chart  tenants
    Company & Industry Overviews

    General Growth Properties’ Top Tenants in Retail

    The malls in GGP’s portfolio receive a smaller percentage of their operating income from anchor tenants than from specialty retailers who lease space.

    By Peter Barnes
  • uploads///Chart  Milestones
    Company & Industry Overviews

    Introducing Simon Property Group: A Must-Know Company Overview

    Headquartered in Indianapolis, Simon Property Group formed in 1993 when the shopping center division of Melvin Simon & Associates became publicly-traded.

    By Peter Barnes
  • uploads///GDP
    Macroeconomic Analysis

    The Federal Open Market Committee Meeting Looms Large This Week

    The Federal Open Market Committee meets on Tuesday and Wednesday this week. It will be the last FOMC meeting before we start worrying about rate hikes.

    By Brent Nyitray, CFA, MBA
  • uploads///GAllup ECI
    Macroeconomic Analysis

    SPY Is Down 0.26% as Economic Confidence Wanes

    The SPDR S&P 500 ETF (SPY) lost 0.26% while the iShares Core S&P 500 (IVV) dipped 0.30% on negative news from the Gallup US Confidence Index on April 7.

    By Surbhi Jain
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