Macerich Slips To Net Loss In Q4

(RTTNews) - REIT Macerich Co. (MAC) reported Thursday a net loss attributable to the company for the fourth quarter of $211.21 million or $0.89 per share, compared to net income of $62.18 million or $0.29 per share in the prior-year quarter.

Funds from operations or FFO were $126.21 million or $0.51 per share, compared to $158.39 million or $0.71 per share in the year-ago quarter.

Total revenues for the quarter increased to $273.68 million from $238.69 million in the same quarter last year. Analysts expected revenue of 216.62 million for the quarter.

On February 14, the company declared a quarterly cash dividend of $0.17 per share of common stock, payable on March 18, 2025 to stockholders of record at the close of business on March 4, 2025.

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