Macerich (MAC) To Report Q2 Earnings: What's In The Cards?
Zacks Investment Research | Jul 26, 2016 10:18PM ET
Retail real estate investment trust (“REIT”) The Macerich Company (NYSE:MAC) is expected to report second-quarter 2016 results on Aug 1, 2016, before the market opens. Last quarter, the company had delivered a 3.49% positive surprise.
For the trailing four quarters, Macerich posted an average positive surprise of 3.68%, beating estimates on all occasions. The Zacks Consensus Estimate for the second quarter funds from operations (“FFO”) is currently pegged at 97 cents.
Let’s see how things have shaped up for this announcement.
Factors to Consider
Macerich’s portfolio of premium malls in the vibrant U.S. markets and the presence of well-capitalized retailers in its roaster enabled the company to maintain a stable source of rent over the past quarters.
Moreover, amid a low supply of new properties, a steadily rising demand is emerging as the sector’s primary growth driver. Macerich with its high-quality portfolio is well-positioned to take advantage of these market dynamics. All these are expected to be reflected in the company’s second-quarter 2016 results.
However, apart from competing with other retail properties, Macerich faces competition from alternative retail channels such as catalogs and e-Commerce websites. Moreover, substantial assets concentration in California and Arizona and any rise in interest rate are concerns before Macerich.
Earnings Whispers
Our proven model does not conclusively show that Macerich will beat earnings this quarter. This is because a stock needs to have both a positive Zacks Investment Research
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