Macerich Co. (MAC) reported funds from operations for the third quarter of $88.65 million or $0.97 per share, compared to $98.55 million or $1.12 per share for the year-ago quarter.
Net income available to common stockholders for the quarter was $142.8 million or $1.75 per share, compared to $2.6 million or $0.03 per share in the prior year quarter.
Total revenue for the quarter rose to $200.66 million from $225.81 million last year.
Analysts polled by Thomson Reuters expected the company to report FFO of $0.92 per share on revenue of $200.33 million for the third quarter.
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