Macerich Reports Q3 Earnings Beat on FFO and Revenue
Macerich (NYSE: MAC) reported third-quarter financial results that exceeded analyst expectations for both Funds From Operations (FFO) and total revenue. The company posted an FFO of $0.37 per share, surpassing estimates by $0.01. Total revenue reached $260.07 million, representing a 2.7% increase year-over-year and beating consensus estimates by $11.44 million. The results indicate steady top-line growth and operational efficiency for the real estate investment trust.
Tickers: $MAC
Topics: earnings beat FFO revenue growth