NYSE$MAC
The Macerich Co · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Macerich's portfolio occupancy improved, reaching 93.5%, with same-center NOI increasing by 3.0%, and net income attributable to the company was $62.2 million.
Macerich reported a strong Q4 2023, marked by increased occupancy, same-center NOI growth, and significant progress in managing near-term debt maturities through refinancing and disposition activities. The company also issued its 2024 earnings guidance.
- Net income attributable to the Company was $62.2 million, or $0.29 per share-diluted.
- FFO, excluding specific financial adjustments, was $126.5 million, or $0.56 per share-diluted.
- Same center NOI, excluding lease termination income, increased 3.0%.
- Portfolio occupancy was 93.5%, up 0.9% year-over-year.
Headline financials
Revenue & EPS history
Macerich · Revenue · Quarterly
$238M
Forward guidance
Macerich issued its 2024 guidance for both estimated EPS-diluted and FFO per share-diluted, excluding financing expense in connection with Chandler Freehold and accrued default interest expense.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
-0.6%
Avg return
Earnings day
-0.3%
Avg return
5 days after
-0.2%
Avg return
30 days after
46%
31 / 68 earnings
Positive
+9.9%
Q1 2025
Best reaction
-15.9%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.0% | +0.6% | +10.0% | |
| Q4 2025 | +3.6% | +5.3% | -5.4% | |
| Q3 2025 | -0.3% | +1.0% | +0.3% | |
| Q1 2025 | +9.9% | +7.0% | +11.3% | |
| Q4 2024 | +1.9% | -6.8% | -13.5% | |
| Q3 2024 | +1.9% | +6.2% | +16.7% | |
| Q2 2024 | -7.3% | -14.3% | -4.5% | |
| Q1 2024 | -15.9% | -10.7% | -7.4% | |
| Q4 2023 | -0.5% | +7.3% | +4.5% | |
| Q3 2023 | +0.5% | +15.0% | +17.5% | |
| Q2 2023 | -1.1% | -1.3% | -7.7% | |
| Q1 2023 | -2.3% | -7.5% | -0.9% | |
| Q4 2022 | -2.8% | -4.4% | -17.0% | |
| Q3 2022 | +6.3% | +3.2% | +9.9% | |
| Q2 2022 | +1.7% | -3.4% | -4.9% | |
| Q1 2022 | -3.7% | -6.7% | -16.1% | |
| Q4 2021 | +0.1% | -0.9% | -10.8% | |
| Q3 2021 | +1.1% | +1.5% | -15.4% | |
| Q2 2021 | +1.0% | +2.4% | +5.0% | |
| Q1 2021 | -8.2% | -1.3% | +22.2% | |
| Q4 2020 | -1.1% | -17.4% | -13.2% | |
| Q3 2020 | -4.3% | +24.9% | +64.5% | |
| Q2 2020 | +0.9% | -2.8% | -7.7% | |
| Q1 2020 | -6.6% | -2.8% | +40.1% | |
| Q4 2019 | -2.3% | +1.4% | -18.7% | |
| Q3 2019 | +3.0% | +6.0% | -1.6% | |
| Q2 2019 | -2.1% | -6.4% | -13.7% | |
| Q1 2019 | +4.5% | +1.2% | -9.2% | |
| Q4 2018 | -3.6% | -2.3% | -6.4% | |
| Q3 2018 | +0.4% | +0.0% | -3.1% | |
| Q2 2018 | +1.4% | +0.6% | -0.5% | |
| Q1 2018 | +0.4% | +1.3% | -4.1% | |
| Q4 2017 | -2.9% | -1.7% | -3.6% | |
| Q3 2017 | -3.5% | -3.8% | +13.6% | |
| Q2 2017 | -1.7% | +4.7% | -8.0% | |
| Q1 2017 | +0.5% | +4.6% | -5.4% | |
| Q4 2016 | -2.8% | -1.4% | -8.0% | |
| Q3 2016 | -5.5% | -8.1% | -7.7% | |
| Q2 2016 | -1.6% | -3.4% | -8.2% | |
| Q1 2016 | +0.7% | — | — | |
| Q4 2015 | -2.8% | — | — | |
| Q3 2015 | +1.4% | — | — | |
| Q2 2015 | +0.2% | — | — | |
| Q1 2015 | -1.6% | — | — | |
| Q4 2014 | +1.0% | — | — | |
| Q3 2014 | -0.3% | — | — | |
| Q2 2014 | -1.9% | — | — | |
| Q1 2014 | +0.4% | — | — | |
| Q4 2013 | +3.1% | — | — | |
| Q3 2013 | -2.0% | — | — | |
| Q2 2013 | +0.8% | — | — | |
| Q1 2013 | -1.4% | — | — | |
| Q4 2012 | +2.4% | — | — | |
| Q3 2012 | -0.3% | — | — | |
| Q2 2012 | -0.5% | — | — | |
| Q1 2012 | +0.3% | — | — | |
| Q4 2011 | +0.7% | — | — | |
| Q3 2011 | -1.9% | — | — | |
| Q2 2011 | -11.4% | — | — | |
| Q1 2011 | +0.6% | — | — | |
| Q1 2010 | +0.6% | — | — | |
| Q4 2010 | +7.6% | — | — | |
| Q4 2008 | +7.6% | — | — | |
| Q3 2010 | -0.1% | — | — | |
| Q3 2009 | -0.1% | — | — | |
| Q2 2009 | -0.8% | — | — | |
| Q2 2010 | -0.8% | — | — | |
| Q4 2009 | -0.8% | — | — |
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