Macerich Sees Wider FY22 Loss - Update

RTTNews | 1106 days ago
Macerich Sees Wider FY22 Loss - Update

(RTTNews) - While reporting financial results for the second quarter on Thursday, REIT Macerich Co. (MAC) said it now sees a wider loss for the full year 2022. However, the company slightly raised its Funds from Operations (FFO) forecast.

For fiscal 2022, the company now projects a loss in a range of $0.21 to $0.09 per share and FFO in a range of $1.92 to $2.04 per share.

Previously, the company expected loss in the range of $0.17 to $0.03 per share and FFO in the range of $1.90 to $2.04 per share.

On average, analysts polled by Thomson Reuters expect the company to report a loss of $0.19 per share on revenues of $824.61 million for the year. Analysts' estimates typically exclude special items.

On July 20, 2022, the company declared a quarterly cash dividend of $0.15 per share of common stock, payable on September 8, 2022 to stockholders of record at the close of business on August 19, 2022.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Macerich Q1 Loss Sharply Widens; Withdraws FY24 Outlook

Macerich Q1 Loss Sharply Widens; Withdraws FY24 Outlook

REIT Macerich Co. (MAC) reported Tuesday that a net loss attributable to the company of $126.73 million or $0.59 per share, sharply wider than $58.73 million or $0.27 per share in the prior-year quarter.
RTTNews | 464 days ago
Commodity Currencies Rise Amid Risk-On Mood, Strong China Export Data

Commodity Currencies Rise Amid Risk-On Mood, Strong China Export Data

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Thursday amid increased risk appetite by the investors, after U.S. President Donald Trump said the U.S. was closing in on the trade deal with China. Traders also remain optimistic about the U.S. Fed cutting interest rates as early as September based on the recent economic data from the U.S.
RTTNews | 1h 9min ago
China Exports Growth Accelerates; Imports Rise Unexpectedly

China Exports Growth Accelerates; Imports Rise Unexpectedly

China's exports logged a robust growth in July as the sharp decline in shipments to the US was offset by the rise in exports to the EU and other markets, official data revealed Thursday. Exports surged 7.2 percent on a yearly basis, following June's 5.8 percent increase, the customs office reported. Exports were forecast to climb 5.4 percent.
RTTNews | 1h 42min ago
UK House Prices Rise At Fastest Pace In 6 Months

UK House Prices Rise At Fastest Pace In 6 Months

UK house prices grew at the fastest pace in six months in July as the property market started to stabilize following the end of the stamp duty holiday, data from the mortgage lender Halifax showed on Thursday. House prices increased by more-than-expected 0.4 percent in July from June. Prices were expected to grow at a steady pace of 0.1 percent in July. Moreover, this was the fastest growth sinc
RTTNews | 2h 22min ago