Macerich (MAC) Misses Q4 EPS by 4c

Macerich (NYSE: MAC) reported Q4 EPS of ($0.08), $0.04 worse than the analyst estimate of ($0.04).

Funds from Operations (“FFO”), excluding financing expense in connection with Chandler Freehold and loss on extinguishment of debt, was $118.7 million or $0.53 per share-diluted during the fourth quarter of 2021, compared to $72.9 million or $0.45 per share-diluted for the quarter ended December 31, 2020.

Same center net operating income (“NOI”), including lease termination income, increased 36.1% in the fourth quarter of 2021 compared to the fourth quarter of 2020. For the year ended December 31, 2021, same center NOI, including lease termination income, increased 7.3% compared to 2020.

For earnings history and earnings-related data on Macerich (MAC) click here.

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