Overview

* Macerich ( MAC ) Q3 net loss of $87.4 mln, improved from $108.2 mln last year

* FFO excluding certain expenses rose to $93.4 mln from $86.0 mln last year

* Company signed leases for 1.5 mln sq ft, 81% increase from last year

Outlook

* Company did not provide specific guidance for future quarters or full year

Result Drivers

* ASSET SALES - Gains from sales of Lakewood Center and Atlas Park contributed to reduced net loss

* LEASING ACTIVITY - Signed leases for 1.5 mln sq ft, an 81% increase from last year

* TENANT SALES - Sales per square foot for spaces under 10,000 sq ft increased to $905

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net -$87.40

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and 3 "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "buy."

* Wall Street's median 12-month price target for Macerich Co ( MAC ) is $19.00, about 8.7% above its November 3 closing price of $17.34

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)