Macerich Sees Wider FY22 Loss - Update

RTTNews | 1102 gün önce
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

Etiketler: MAC
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 | 460 gün önce
Japan Monetary Base Data Due On Monday

Japan Monetary Base Data Due On Monday

Japan will on Monday release July figures for monetary base, highlighting a very light day for Asia-Pacific economic activity. In June, the base was down 3.3 percent on year.
RTTNews | 5 dakika önce
U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
RTTNews | 2 gün önce
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.
RTTNews | 2 gün önce