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?