09:47 AM EDT, 07/31/2024 (MT Newswires) -- Macerich ( MAC ) shares were up 2.8% in early trading Wednesday after the company reported higher and stronger-than-expected Q2 revenue.

The real estate company reported Q2 funds from operations, excluding financing expenses related to Chandler Freehold, of $0.37 per diluted share, down from $0.40 a year earlier.

Analysts polled by Capital IQ expected $0.40.

Revenue for the quarter ended June 30 was $215.5 million, up from $212.4 million a year earlier.

Analysts surveyed by Capital IQ expected $211.8 million.

Price: 16.73, Change: +0.46, Percent Change: +2.83