Last $88.07 USD
Change Today +4.27 / 5.10%
Volume 2.0M
MAC On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

macerich co/the (MAC) Snapshot

Open
$87.34
Previous Close
$83.80
Day High
$89.50
Day Low
$86.25
52 Week High
01/23/15 - $90.63
52 Week Low
03/20/14 - $58.87
Market Cap
13.9B
Average Volume 10 Days
1.1M
EPS TTM
$10.06
Shares Outstanding
158.2M
EX-Date
02/18/15
P/E TM
8.8x
Dividend
$2.60
Dividend Yield
2.88%
Current Stock Chart for MACERICH CO/THE (MAC)

macerich co/the (MAC) Related Businessweek News

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macerich co/the (MAC) Details

The Macerich Company is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It primarily engages in acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States. The Macerich Company was founded in 1964 and is headquartered in Santa Monica, California.

976 Employees
Last Reported Date: 02/23/15
Founded in 1965

macerich co/the (MAC) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $992.3K
President and Director
Total Annual Compensation: $800.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $550.0K
Executive Vice President of Leasing
Total Annual Compensation: $500.0K
Chief Legal Officer, Senior Executive Vice Pr...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

macerich co/the (MAC) Key Developments

Simon Property Group Reportedly Makes A Takeover Approach To Macerich

Simon Property Group Inc. (NYSE:SPG) has made takeover approaches to The Macerich Company (NYSE:MAC). The latest approach came within the past few weeks, and followed one late 2014, according to people familiar with the matter. Simon hasn’t made a formal offer for Macerich, according to one of the people.

The Macerich Company Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of 2015 and FFO Guidance for the First, Second, Third and Fourth Quarter of 2015

The Macerich Company announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $322,909,000, income from continuing operations of $1,530,558,000, net income attributable to the company of $1,429,221,000 or $9.51 per diluted share, FFO of $158,848,000 or $0.99 per diluted share, EBITDA of $227,990,000 compared to the total revenues of $282,137,000, loss from continuing operations of $2,041,000, net income attributable to the company of $144,878,000 or $1.03 per diluted share, FFO of $140,624,000 or $0.94 per diluted share, EBITDA of $208,836,000 for the same quarter a year ago. Same-center NOI for the quarter increased by 5.8% compared to the fourth quarter of last year. This increase was driven by increased occupancy, positive releasing spreads, annual CPI increases on leases. For the year, the company reported total revenues of $1,105,247,000, income from continuing operations of $1,606,931,000, net income attributable to the company of $1,499,042,000 or $10.45 per diluted share, FFO of $542,754,000 or $3.54 per diluted share, EBITDA of $797,411,000 compared to the total revenues of $1,029,475,000, income from continuing operations of $159,023,000, net income attributable to the company of $420,090,000 or $3 per diluted share, FFO of $527,574,000 or $3.53 per diluted share, EBITDA of $801,875,000 for the previous year. The company provided earnings guidance for the full year of 2015. For the year, the company expects diluted EPS in the range of $1.28 to $1.38, diluted FFO per share in the range of $3.80 to $3.90. Same-center NOI growth rate of 4.25% to 4.75%. For the first quarter of fiscal year 2015, FFO is expected to be 21%. For the second quarter of fiscal year 2015, FFO is expected to be 24%. For the third quarter of fiscal year 2015, FFO is expected to be 25%. For the fourth quarter of fiscal year 2015, FFO is expected to be 30%.

Macerich Declares Quarterly Dividend on Common Shares Payable on March 6, 2015

The Board of Directors of The Macerich Company declared a quarterly cash dividend of $0.65 per share of common stock. The dividend is payable on March 6, 2015 to stockholders of record at the close of business on February 20, 2015.

 

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