The shopping mall REIT sets a 2028 FFO midpoint of $1.90, surpassing analyst estimates of $1.84 per share.
Macerich (MAC) announced a 2028 funds from operations (FFO) target of $1.80 to $2.00 per share, with a midpoint of $1.90. The guidance was disclosed in slides ahead of an industry conference presentation on Monday.
The midpoint exceeds the average analyst estimate of $1.84 per share. Macerich, a shopping mall real estate investment trust, did not provide additional details on drivers behind the projection.
No immediate market reaction was specified in the release.