Macerich's Q3 FFO Lags Estimates, Revenues Increase Y/Y
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Macerich's Q3 financial results show a year-over-year increase in revenues and same-center NOI, but FFO fell short of estimates due to higher interest expenses.
November 07, 2024 | 5:45 pm
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Macerich's Q3 results show increased revenues and same-center NOI, but FFO missed estimates due to higher interest expenses.
Macerich's Q3 financial performance was mixed. While revenues and same-center NOI increased, the failure to meet FFO estimates due to higher interest expenses is likely to negatively impact the stock price in the short term. Investors may be concerned about the rising costs affecting profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100