Macerich Co. (MAC – Analyst Report) just released their fourth quarter fiscal 2015 earnings results, posting earnings of $1.12 and revenue of $320.7 million.
Currently, MAC has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Macerich:
1. Beat earnings estimates. The company posted $1.12 per share, beating our Zacks Consensus Estimate of $1.09.
2. Missed revenue estimates. The company saw revenue figures of $320.7 million, down 0.7% year-over-year, missing our estimate of $327 million.
3. Reported net income of $415 million.
4. “The fourth quarter reflected continued operational excellence, as evidenced by the strength of our portfolio’s key operating metrics, and a high level of value-creative activities, including the successful execution of our strategic joint venture transactions, the completion of a number of highly attractive re-financings which further enhanced our balance sheet, and the reinvestment of capital into our best assets, both through the funding of our redevelopment pipeline and through stock buybacks,” said Arthur Coppola, chairman and chief executive officer of Macerich.
5. MAC was down $0.01, or 0.01%, to $78.32 as of 4:44 PM ET in after hours trading shortly after its earnings report was released.
Here’s a graph that looks at Macerich’s long-term quarterly revenue and growth rate:
Macerich Company (MAC – Analyst Report) Quarterly Revenue & Growth Rate | FindTheCompany
Macerich is a self-administered, self-managed real estate investment trust which is engaged in the acquisition, ownership, redevelopment, management and leasing of regional shopping centers located throughout the United States. The company was founded in 1964 and is headquartered in Santa Monica, California.
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