Education
About Us
Working with TipRanks
Follow Us
Macerich Company (DE:M6G)
:M6G
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.04Last Year’s EPS
1.04Same Quarter Last Year
Based on 9 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:May 12, 2025
|% Change Since: 0.00%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Positive
The earnings call provided a generally positive outlook, with significant progress on leasing and asset sales. The company is ahead of schedule on key operational targets, and financial results show improvement. However, challenges such as occupancy decline and the impact of Forever 21's bankruptcy were noted.Company Guidance
During the first quarter of 2025, Macerich reported significant progress in their path forward plan, with a focus on leasing and financial metrics. The company achieved 2.6 million square feet of leasing, surpassing their target and doubling the leases signed in the same period last year. This leasing activity included 2.3 million square feet of renewals and contributed to a notable $80 million cumulative SNO pipeline, with expectations to reach $100 million by year-end. Macerich's focus on new deals is evident with 60% completion in new deal metrics, targeting 70% by year-end, which would facilitate reaching 85% by mid-2026. On the financial front, Macerich has made strides in deleveraging, reducing net debt to EBITDA to 7.9 times, with a goal to reach the low to mid-six times range in the upcoming years. Asset sales and refinancing efforts have contributed significantly, with $11 billion in dispositions and $500 million from equity raises. Sales metrics showed portfolio sales at $837 per square foot, and occupancy at 92.6%, impacted by temporary holiday store closures. The company's strategic initiatives are on track to meet their 2028 leverage and earnings goals, with anticipated milestones in leasing and asset management by mid-2026.Ahead of Schedule on Leasing Progress
Macerich signed 2.6 million square feet of leases in Q1 2025, including 2.3 million square feet of renewals, more than double the leases signed in Q1 2024.
Strong Leasing Metrics and New Deals
The leasing speedometer reached 60% for new deal completion, with a large pipeline of LOIs, aiming to hit 70% by year-end. The SNO pipeline grew from $66 million to $80 million in 90 days.
Financial Results and Progress on Path Forward Plan
FFO excluding certain expenses was $87 million in Q1 2025, up from $75 million in Q1 2024. Same center NOI, excluding lease termination income, increased 0.9% year-over-year.
Progress on Dispositions and Asset Sales
Closed on the sale of Wilton Mall for $25 million and South Park for $11 million. Under contract to sell Lakewood, expected to close in the second half of 2025.
Redevelopment and Expansion of Green Acres
Breaking ground on a 370,000 square feet redevelopment at Green Acres, with 50% of the project square footage committed and another 17% in the LOI stage.
---
DE:M6G Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
DE:M6G Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2025 | €15.45 | €15.45 | 0.00% |
Feb 27, 2025 | €18.45 | €19.05 | +3.22% |
Nov 06, 2024 | €16.49 | €17.51 | +6.22% |
Jul 31, 2024 | €14.37 | €14.68 | +2.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Macerich Company (DE:M6G) report earnings?
Macerich Company (DE:M6G) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Macerich Company (DE:M6G) earnings time?
Macerich Company (DE:M6G) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Macerich Company stock?
The P/E ratio of Macerich is N/A.
What is DE:M6G EPS forecast?
DE:M6G EPS forecast for the fiscal quarter 2025 (Q2) is -0.04.
---