Macerich Upgraded to Outperform by Evercore ISI
Evercore ISI upgraded Macerich (NYSE: MAC) from In-Line to Outperform on Monday, citing the shopping mall REIT's improved balance sheet and accelerating FFO growth. The firm highlighted reduced leverage as a key factor in its positive outlook. The upgrade follows recent momentum in Macerich’s portfolio, with strong commentary noted at an investor conference. Evercore ISI appears confident that these improvements will continue to drive value for shareholders.
Tickers: $MAC
Topics: FFO Growth Malls Real Estate