27.00 -0.21 (-0.77%)
After hours: 6:56PM EST
|Bid||26.74 x 900|
|Ask||26.64 x 1800|
|Day's Range||26.91 - 27.96|
|52 Week Range||26.87 - 51.08|
|Beta (3Y Monthly)||0.74|
|PE Ratio (TTM)||47.74|
|Earnings Date||Feb 5, 2020 - Feb 10, 2020|
|Forward Dividend & Yield||3.00 (10.73%)|
|1y Target Est||36.72|
Acadia Realty Trust's (AKR) strategic acquisitions and selective dispositions are in sync with the company's efforts of generating ample dry powder to execute its accretive external growth moves.
AMD’s (ticker: AMD) main products are processors in personal computers, servers, and graphics cards. The chip maker has been steadily gaining market share in high-growth areas like cloud computing. The jump came after the social media company revealed a new product called Facebook Pay.
Harkins Theatres is continuing to grow and improve its footprint across the metro Phoenix area with new build and renovation projects on both sides of the Valley.
Heading into the busy holiday shopping season, many of Phoenix’s top malls are reporting better sales than they were a year ago — but also have more vacant stores. Nonetheless, two of the region's upscale malls turned in the best performance across the Valley in the third quarter.
(Bloomberg) -- Forever 21 Inc. will keep open more than 60 U.S. stores previously set to shutter as part of the company’s bankruptcy restructuring after the retailer secured rent concessions from its biggest landlords, according to people with knowledge of the situation.It’s an early win for the fast-fashion company after it filed for Chapter 11 protection in September as talks with mall operators about a possible rescue broke down. The company had no plan for reorganization when it filed, and said it would close at least 178 U.S. stores and dozens more internationally as it worked toward a turnaround.Forever 21 is now targeting about 111 closures, one of the people said, asking not to be identified because the negotiations are private. The ultimate number is still in flux, and the final count could change, said the people.“Forever 21 was a top-10 tenant for most of the retail REITs we cover, so the landlords have been willing to be flexible about cutting deals,” said Jim Sullivan, an equity research analyst at BTIG who follows the commercial property industry.A representative for the retailer declined to comment.One of the landlords offering up rent breaks was regional mall operator Macerich Co., which hosts 28 Forever 21 stores. Macerich Chief Executive Officer Tom O’Hern told investors during an earnings call Thursday that his company was holding weekly negotiations with Forever 21 regarding stores set to close later this year or early 2020. “There will be rent concessions on many of the other stores,” he said.Forever 21 cited a disastrous international expansion effort as the primary factor behind its bankruptcy, saying in court documents that it was losing $10 million a month in Canada, Europe and Asia.It also said moving quickly would be critical to a successful turnaround. Still, the company has offered no updates and hasn’t returned to court since its first-day hearing on Sept. 30. A subsequent hearing set for Oct. 28 was canceled.While Forever 21 continues to seek ways to shed costs, the chain may need more than rent concessions to survive. It owed $244 million to vendors and millions of dollars more to landlords at the time of its Chapter 11 filing. It received only $75 million in new money as part of a financing package to take it through the court process, according to documents.The case is Forever 21 Inc., 19-12122, District of Delaware (Delaware)(Adds commentary from landlord Macerich in sixth paragraph)To contact the reporters on this story: Eliza Ronalds-Hannon in New York at email@example.com;Lauren Coleman-Lochner in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Rick Green at email@example.com, Boris Korby, Dawn McCartyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Macerich's (MAC) Q3 results reflect tenant sales growth as well as increase in average rent and releasing spreads, along with lower occupancy.
Macerich (MAC) delivered FFO and revenue surprises of 0.00% and -1.61%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
SANTA MONICA, Calif. , Oct. 31, 2019 /PRNewswire/ -- The Macerich Company (NYSE: MAC) today announced results of operations for the quarter ended September 30, 2019 , which included net income attributable ...
While fall in comparable center NOI and rise in interest expense hurt Taubman Centers' (TCO) Q3 performance, increase in ending occupancy in comparable centers provide support to some extent.
Macerich (MAC) Q3 results likely to reflect benefits from portfolio-revamp moves for attracting new and productive tenants, while store closures and retailer bankruptcies might have played spoilsport.
Saratoga Hospital is asking the state for permission to set up a primary care office inside Wilton Mall, a month after the hospital announced it will lease space at the shopping center.
SANTA MONICA, Calif. , Oct. 24, 2019 /PRNewswire/ -- The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.75 per share of common stock. The dividend is payable ...
The changes are significant enough to require Five Point to, for the third time, get the City's permission to update its originally approved plans. The request also comes with the developer asking for a construction delay of up to three years.
Is Macerich Company (NYSE:MAC) a good bet right now? We like to analyze hedge fund sentiment before conducting days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy League graduates, expert network advisers, and supply chain tipsters working or consulting for them. There is not a shortage of […]
Simon Property (SPG) navigating through the retail apocalypse by actively restructuring its portfolio, aiming at combining shopping, dining and entertainment options to drive more traffic.
SANTA MONICA, Calif. , Oct. 14, 2019 /PRNewswire/ -- WHAT : Macerich (NYSE: MAC) Schedules Third Quarter 2019 Earnings Release WHEN: Earnings Results will be released before market open on Thursday, October ...
Advancing with its planned sale of assets for 2019, Kimco Realty (KIM) sold eight properties and two land parcels in Q3. Yet, dilutive effect on earnings from sales cannot be averted in the near term.
Simon Property's (SPG) partnership with Rue Gilt Groupe to start a new multi-platform venture to help the company leverage on the solid scope for growth in the online value-shopping market.