Company Earnings UpdateThe Macerich Company (NYSE: MAC) 2Q19 Results: Revenue Misses, Revises Guidance Coresight Research August 2, 2019 Executive Summary Macerich reported 2Q19 revenues of $228.0 million, down 2.8% year over year and missing the $229.4 million consensus estimate. Adjusted FFOPS were $0.88, beating the consensus estimate of $0.86. Mall tenant sales per square foot for the 12 months ended June 30 were $776, up 12.1% year over year, and the average rent per square foot was $61.17 as of June 30, up 4.0%. The company lowered its 2019 FFO guidance to $3.50-3.58 from the previous of $3.65-3.73 and raised EPS guidance to $0.42-0.50 from $0.41-0.49 previously. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Earnings Insights 4Q24, Week 7: Costco, Inditex and Puma Lead with Solid Fourth-Quarter GrowthInnovator Profile: Novel—Driving Conversion and Boosting Loyalty with Branded Wallet PassesPositivity About Personal Finances Continues; Walmart Leads Mass Merchandisers and Warehouse Clubs: US Consumer Survey InsightsBeauty Shopping in Focus; Economic Sentiment Turns Negative: US Consumer Survey Insights
