Macerich Unveils Path-Forward Plan; To Invest In And Fortify Key Assets In Portfolio
Portfolio Pulse from Benzinga Newsdesk
Macerich has unveiled a comprehensive plan to deleverage its capital structure, invest in key assets, consolidate joint ventures, and improve internal processes. The company aims to achieve a clean FFO/share of ~$1.80 over the next three to four years.
May 23, 2024 | 11:21 am
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Macerich's new strategic plan aims to deleverage its capital structure, invest in key assets, and improve internal processes, targeting a clean FFO/share of ~$1.80 over the next three to four years.
The plan to deleverage, invest in key assets, and improve internal processes is likely to positively impact Macerich's financial health and operational efficiency. The target of a clean FFO/share of ~$1.80 indicates a clear financial goal, which could boost investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100