Macerich Releases Quarterly Results
The Macerich Company (NYSE: MAC) reported its Second Quarter 2021 Earnings Results on August 4, 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
The Macerich Company (NYSE: MAC) reported its Second Quarter 2021 Earnings Results on August 4, 2021. Investors can find the full report on the Company's website. Management is set to discuss the results in a conference call at 10:00 AM PT. Macerich operates 46 regional shopping centers, owning 50 million square feet of real estate primarily in attractive markets on the West Coast and the East Coast. The Company has achieved a #1 ranking in sustainability in the North American Retail Sector for six consecutive years.
Positive
- Macerich operates 46 regional shopping centers, emphasizing successful retail properties.
- Company has achieved #1 GRESB ranking in North American Retail Sector for six years (2015-2020).
Negative
- None.
Details
News Market Reaction – MAC
The recorded move for MAC in the trading session of this news was -5.29%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
SANTA MONICA, Calif., Aug. 4, 2021 /PRNewswire/ -- The Macerich Company (NYSE: MAC, the "Company") today has released its Second Quarter 2021 Earnings Results and Supplemental Information by posting it to the investor relations section of its website at www.macerich.com (Investors Section).
As previously announced, Management will hold a conference call at 10:00 am Pacific Time (1:00 pm Eastern Time) today, Wednesday, August 4, 2021 to discuss quarterly results. Interested parties can listen to a live webcast of the call on the Macerich website at www.macerich.com (Investors Section). Alternatively, the call is available by phone at Toll Free 1-866-248-8441 or International (toll) 1-323-289-6581, Conference ID # 7516983.
A replay of the webcast will be available for 90 days following the live webcast in the Investors Section of the Company's website at www.macerich.com. In addition, an audio replay of the earnings conference call will be available by telephone until Wednesday, August 18, 2021 at 11:59 pm Eastern Time at toll free 1-844-512-2921, or International (toll) 1-412-317-6671, PIN #7516983.
About Macerich: Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT), which focuses on the acquisition, leasing, management, development and redevelopment of regional shopping centers throughout the United States.
Macerich currently owns 50 million square feet of real estate consisting primarily of interests in 46 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence on the West Coast, and in Arizona and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for six straight years (2015 – 2020). Additional information about Macerich can be obtained from the Company's website at www.Macerich.com.
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SOURCE Macerich
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