|Bid||12.23 x 900|
|Ask||12.35 x 1000|
|Day's range||12.21 - 13.37|
|52-week range||11.76 - 22.88|
|Beta (5Y monthly)||1.88|
|PE ratio (TTM)||180.74|
|Earnings date||02 Aug 2022 - 08 Aug 2022|
|Forward dividend & yield||0.60 (4.67%)|
|Ex-dividend date||19 May 2022|
|1y target est||16.67|
While Macerich's (MAC) first-quarter FFO per share beats estimates, revenues lag the consensus mark. The retail REIT tweaks its 2022 guidance.
Joining us today are Tom O'Hern, chief executive officer; Scott Kingsmore, senior executive vice president and chief financial officer; and Doug Healey, senior executive vice president of leasing. The hotel is well-positioned adjacent to our recently developed restaurant collection and next to our brand entry way to our newly developed luxury wing.
Macerich (MAC) delivered FFO and revenue surprises of 8.70% and 2.73%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?