08:45 AM EST, 11/06/2024 (MT Newswires) -- Macerich ( MAC ) reported Q3 funds from operations Wednesday of $0.36 per diluted share, down from $0.41 a year earlier.

Analysts polled by Capital IQ expected $0.39.

Revenue for the quarter ended Sept. 30 was $203.4 million, up from $197.3 million a year earlier.

Analysts polled by Capital IQ expected $206.1 million.

Separately, Macerich ( MAC ) said Chief Financial Officer Scott Kingsmore will step down Nov. 16 and will be succeeded by Daniel Swanstrom II.

Swanstrom previously served as CFO of two public REITs.

Kingsmore will become senior adviser and will remain with the company through Dec. 31.

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