Macerich Sees Wider FY22 Loss - Update

RTTNews | 1035 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 | 393 days ago
CAC 40 Down Marginally In Lackluster Trade

CAC 40 Down Marginally In Lackluster Trade

French stocks are moving in a tight range in cautious trade on Wednesday as investors digest a slew of domestic economic reports, and continue to assess the impact of Trump administration's trade policy on global economic growth.
RTTNews | 42 minutes ago
DAX Modestly Lower In Cautious Trade

DAX Modestly Lower In Cautious Trade

German stocks are modestly lower on Wednesday with investors mostly making cautious moves, looking for directional clues after recent gains on the back of U.S. President Donald Trump's decision to pause tariffs on EU goods till July 9th.
RTTNews | 1h 9min ago
France GDP Growth Confirmed At 0.1%

France GDP Growth Confirmed At 0.1%

The French economy recovered in the first quarter, as initially estimated, the statistical office INSEE reported Wednesday. Gross domestic product grew 0.1 percent from the fourth quarter, when the economy shrank 0.1 percent.
RTTNews | 1h 51min ago