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Macerich's Comeback Takes Another Step Forward

·4-min read
Macerich's Comeback Takes Another Step Forward
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Three months ago, The Macerich Company (NYSE: MAC) reported that its net operating income (NOI) returned to growth in the second quarter, following a series of steep declines during the worst of the pandemic. Last week, the mall real estate investment trust (REIT) reported that NOI and tenant sales continued to bounce back in the third quarter. This good news helped Macerich stock rally to a new 52-week high, and for good reason.

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