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Macerich (NYSE:MAC) is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated U.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale and the Metro New York to Washington, D.C. corridor.
It will report its Q4 2024 earnings on Feb. 27. Wall Street analysts expect the company to post EPS of $0.47, down from $0.56 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to be $215.87 million, down from $238.69 million a year earlier.
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The 52-week range of Macerich's stock price was $12.99 to $22.27.
Macerich's dividend yield is 3.33%. It paid $0.68 per share in dividends during the last 12 months.
The Latest On Macerich
On Nov. 6, the company announced its Q3 2024 earnings, posting FFO of $0.36, missing the consensus estimate of $0.40. Revenues of $220.224 million came in above the consensus estimate of $213.571 million, as reported by Benzinga.
Same-center net operating income (NOI), excluding lease termination income, increased 1.9% in Q3 2024 compared to Q3 2023 and increased 1.9% when including lease termination income.
Check out this article by Benzinga for six analysts' insights on Macerich.
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How Can You Earn $100 Per Month As A Macerich Investor?
If you want to make $100 per month ($1,200 annually) from Macerich dividends, your investment value needs to be approximately $36,036, which is 1,766 shares at $20.41 each.
Understanding the dividend yield calculations: When making an estimate, you need two key variables – the desired annual income ($1,200) and the dividend yield (3.33% in this case). So, $1,200 / 0.0333 = $36,036 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.