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Macerich: This High-Yield Mall REIT Is On Track After Earnings

Published Fri, 14 Feb 2020 15:32:58 -0500 on Seeking Alpha

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Management expects a modest decline in FFO per share to $3.40-$3.50 this year, largely due to the impact of Sears store closures and Forever 21's September bankruptcy filing.
Macerich remains on track for a return to solid FFO growth beginning in 2021, as the impact of recent redevelopment activity ramps up.
Macerich (MAC) owns one of the best portfolios of any U.S. mall REIT. The vast majority of its NOI comes from A-rated properties, and most of these malls benefit from superb demographics: they are located in... Read more