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Macerich Q1 Loss Sharply Widens; Withdraws FY24 Outlook

RTTNews | 511 dni temu

Macerich Q1 Loss Sharply Widens; Withdraws FY24 Outlook

(RTTNews) - 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.

Funds from operations or FFO were $74.60 million or $0.33 per share, compared to $95.92 million or $0.43 per share in the year-ago quarter.

On average, seven analysts polled by Thomson Reuters expected the company to report a loss of $0.09 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter decreased to $208.78 million from $214.85 million in the same quarter last year. Analysts expected revenue of 205.11 million for the quarter.

Looking ahead, the company said it is withdrawing its 2024 guidance.

On Friday, the company declared a quarterly cash dividend of $0.17 per share of common stock, payable on June 3, 2024 to stockholders of record at the close of business on May 20, 2024.

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Macerich Trims FY23 Outlook; Q2 Results Top Estimates

Macerich Trims FY23 Outlook; Q2 Results Top Estimates

While reporting financial results for the second quarter on Tuesday, REIT Macerich Co. (MAC) trimmed its outlook for the full year 2023.

RTTNews | 777 dni temu

Macerich Sees Wider FY22 Loss - Update

Macerich Sees Wider FY22 Loss - Update

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.

RTTNews | 1153 dni temu

Sensex, Nifty Recover From Early Lows

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Indian shares cut early losses to end on a flat note on Tuesday. While a weakening rupee, tariff worries and concerns regarding the latest H1-B visa fee change weighed on markets, Fed rate cut hopes, falling oil prices and reports of strong festive-season demand for automobiles helped limit overall losses in the broader market.

RTTNews | 7 minut temu

DAX Modestly Higher Despite Paring Some Early Gains

DAX Modestly Higher Despite Paring Some Early Gains

German stocks hold on in positive territory Tuesday afternoon despite paring some early gains. Data showing an acceleration in Germany's private sector activity in the month of September, and an increase in Eurozone service sector growth help underpin sentiment.

RTTNews | 11 minut temu

Walmart To Kick Off Holiday Season With Early Deals On Oct. 7-12

Walmart To Kick Off Holiday Season With Early Deals On Oct. 7-12

In preparation for the upcoming holiday season, retail behemoth Walmart, Inc. is bringing tens of thousands of deals with early savings, starting October 7 through 12. While membership is not required for the first deals event of the season, Walmart+ members will get exclusive early access on October 6 at 7 p.m. ET, and shoppers can enjoy fast delivery and in-store convenience all week long.

RTTNews | 1g 14 minut temu

European Shares Edge Higher After PMI Data

European Shares Edge Higher After PMI Data

European stocks traded higher on Tuesday after a measure of Eurozone business activity hit a 16-month high in September.

RTTNews | 1g 39 minut temu

Asian Shares Mixed In Cautious Trade

Asian Shares Mixed In Cautious Trade

Asian stocks ended mixed on Tuesday, with Japanese markets closed for a public holiday and Hong Kong preparing for Typhoon Ragasa, which is expected to pass the city in the next 24 hours.

RTTNews | 1g 56 minut temu

European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

European stocks are seen opening broadly higher on Tuesday, even as the upside may remain capped amid ongoing volatility in the bond markets due to political uncertainty in France and Germany's plans to ramp up debt issuance.

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