Company Earnings UpdateThe Macerich Company (NYSE: MAC) 1Q19 Results: Beats Estimates, Raises/Reaffirms 2019 Guidance Coresight Research May 3, 2019 Executive Summary Macerich reported 1Q19 revenues of $226.5 million, down 4.3% year over year and beating the $220.4 million consensus estimate. FFOPS were $0.81, beating the consensus estimate by a penny. Mall tenant sales per square foot for the 12 months ended March 31 were $746, up 8.7% year over year, and the average rent per square foot was $60.74 as of March 31, up 3.9%. The company reaffirmed its 2019 FFO guidance of $3.65-$3.73 and raised EPS guidance to $0.41-0.49 from $0.33-0.41 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: Grocery Retailing—US Real Estate Insights: Value and Specialty Grocers Lead Store Expansion as Traditional Retailers Lag BehindShoptalk Spring 2025: Day One—Creating Value Is Critical to Success; Tech-Powered Personalization Permeates Panel DiscussionsInnovator Profile: Novel—Driving Conversion and Boosting Loyalty with Branded Wallet PassesInnovator Profile: Big Sur AI—Boosting Brands’ Profitability with Commerce-First AI Agents
