Macerich Co. (MAC) reported fourth-quarter funds from operations of $118.8 million, up from $108.9 million a year ago. FFO per share was $0.83 versus $0.77 last year.
Adjusted FFO per share was $.87, up from $.77 in the prior-year quarter. On average, 17 analysts polled by Thomson Reuters expected the company to report earnings of $0.87 per share. Analysts' estimates typically exclude special items.
Net income available to common stockholders was $163.11 million or $1.23 per share, compared to $23.6 million or $.18 per share in the prior-year quarter.
Total revenues were up to $217.77 million from $203.89 million a year ago. Analysts estimated revenues of $194.50 million.
Commenting on the quarter and recent events, Arthur Coppola chairman and chief executive officer of Macerich stated, "We are pleased to announce another quarter of double-digit growth in AFFO. That growth was fueled by strong fundamentals in our portfolio with solid tenant sales growth, good releasing spreads and continued same center net operating income growth."
Looking ahead, the company expects 2012 adjusted FFO in the range of $3.06 to $3.14. Analysts expect the company to earn $3.16 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.