Macerich announces Fourth Quarter 2024 earnings and details of today's conference call for investors.
Quiver AI Summary
The Macerich Company has announced its Fourth Quarter 2024 Earnings Results, which are now available on its Investor Relations website. A conference call to discuss the quarterly results will take place today, February 27, 2025, at 10:00 a.m. Pacific Time. Interested participants must register to obtain the necessary dial-in information, or they can join the live webcast via the company's website. Macerich, a prominent real estate investment trust focused on retail properties in key U.S. markets, boasts a portfolio of 43 million square feet across 40 retail centers. The company is dedicated to sustainability and has maintained a top ranking in global real estate sustainability for ten consecutive years. Further information can be found on their website and through social media.
Potential Positives
- The Macerich Company has successfully published its Fourth Quarter 2024 Earnings Results, showcasing its commitment to transparency and investor communication.
- Management is engaging with investors through a conference call to discuss quarterly results, demonstrating proactive investor relations efforts.
- Macerich has maintained a leading position in sustainability, having achieved a #1 GRESB ranking for ten consecutive years, highlighting its dedication to environmental goals and corporate governance.
- The company owns a substantial portfolio of 43 million square feet of retail real estate, indicating strong assets in key U.S. markets.
Potential Negatives
- Absence of specific financial performance highlights in the press release may raise concerns among investors about the company's profitability and growth prospects.
- The reliance on a webcast registration process for conference call participation could limit immediate access for analysts and investors, potentially reducing engagement during a critical earnings discussion.
- The press release does not disclose any key challenges or risks facing the company, which may lead to skepticism regarding transparency and overall communication with stakeholders.
FAQ
What were the highlights of Macerich's Fourth Quarter 2024 Earnings Results?
The earnings results and supplemental information are available on Macerich's Investor Relations website.
When will the conference call for earnings results take place?
The conference call is scheduled for 10:00 a.m. Pacific Time on February 27, 2025.
How can I join Macerich's earnings call?
Participants can register via the provided dial-in registration link to receive access details.
Where can I find the replay of the earnings call?
A replay will be available in the Investors Section of Macerich's website following the live webcast.
What is Macerich's commitment to sustainability?
Macerich is a recognized leader in sustainability, achieving top rankings in the Global Real Estate Sustainability Benchmark for ten consecutive years.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MAC Insider Trading Activity
$MAC insiders have traded $MAC stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $MAC stock by insiders over the last 6 months:
- ANDREA M STEPHEN sold 63,289 shares for an estimated $1,303,120
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$MAC Hedge Fund Activity
We have seen 182 institutional investors add shares of $MAC stock to their portfolio, and 121 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 10,274,895 shares (+87.3%) to their portfolio in Q4 2024, for an estimated $204,675,908
- WELLINGTON MANAGEMENT GROUP LLP added 8,988,665 shares (+845.9%) to their portfolio in Q4 2024, for an estimated $179,054,206
- BLACKROCK, INC. added 5,657,152 shares (+14.1%) to their portfolio in Q4 2024, for an estimated $112,690,467
- VANGUARD GROUP INC added 4,503,509 shares (+13.2%) to their portfolio in Q4 2024, for an estimated $89,709,899
- BAMCO INC /NY/ added 2,980,051 shares (+175.8%) to their portfolio in Q4 2024, for an estimated $59,362,615
- PRUDENTIAL FINANCIAL INC added 2,131,030 shares (+463.6%) to their portfolio in Q4 2024, for an estimated $42,450,117
- JPMORGAN CHASE & CO added 1,667,066 shares (+77.7%) to their portfolio in Q4 2024, for an estimated $33,207,954
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SANTA MONICA, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) has released its Fourth Quarter 2024 Earnings Results and Supplemental Information by posting it to the Investor Relations section of its website at investing.macerich.com .
As previously announced, management will hold a conference call at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time) today, Thursday, February 27, 2025, to discuss quarterly results. Participants who wish to join the conference by telephone must register using the dial-in registration link below to receive the dial-in number and a personalized PIN code that will be required to access the call. Participants may join the live webcast by accessing it at the webcast registration link below or in the Investors Section of the company’s website at investing.macerich.com .
Dial-In Registration:
https://register.vevent.com/register/BId38ce799cf58468cbeb137227c905ca2
Webcast Registration:
https://edge.media-server.com/mmc/p/cmwgff9h
Rebroadcast: Following the live webcast, a replay will be available in the Investors Section of the Company’s website at investing.macerich.com .
About Macerich
Macerich is a fully integrated, self-managed, self-administered real estate investment trust (REIT). As a leading owner, operator, and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 43 million square feet of real estate, consisting primarily of interests in 40 retail centers. Macerich is firmly dedicated to advancing environmental goals, social good, and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for ten consecutive years (2015-2024). For more information, please visit www.Macerich.com .
Macerich uses, and intends to continue to use, its Investor Relations website, which can be found at investing.macerich.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Additional information about Macerich can be found through social media platforms such as LinkedIn. Reconciliations of non-GAAP financial measures, including NOI and FFO, to the most directly comparable GAAP measures are included in the earnings release and supplemental filed on Form 8-K with the SEC, which are posted on the Investor Relations website at investing.macerich.com .
MAC-I
SOURCE: Macerich
INVESTOR CONTACT: Samantha Greening, AVP, Investor Relations: [email protected]
