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: Weekly US Store Openings and Closures Tracker 2025, Week 23: Rite Aid To Close Almost 500 StoresRetailTech: AI in Digital Commerce—GenAI Supercharges Retail to Provide a Seamless Shopping JourneyShoptalk Spring 2025: Day One—Creating Value Is Critical to Success; Tech-Powered Personalization Permeates Panel DiscussionsGrocery Retailing—US Real Estate Insights: Value and Specialty Grocers Lead Store Expansion as Traditional Retailers Lag Behind
