Macerich (MAC) Company Overview

SANTA MONICA, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) -- WHAT: Macerich (NYSE: MAC) has announced the date for its Fourth Quarter 2024 earnings release and conference call.

ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited (NYSE: MTAL; ASX: MAC), a private company based in Jersey, is happy to share its quarterly activities report for December 2024. KEY POINTS: The company achieved a record production of 11,320 tonnes with a copper grade of 4.1%. There was also a significant improvement in the Total Recordable Injury Frequency Rate (TRIFR), which decreased from 14.2 to 10.9 in Q4 2024.

SANTA MONICA, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) has shared information about how dividends paid in 2024 on its Common Stock will be taxed.

MAC is expected to gain from a high-quality shopping center collection, initiatives to enhance online and offline shopping, and improvements to its financial position, especially as more tenants face bankruptcy.

Macerich has seen a significant increase in value over the past year due to growing excitement about its Path Forward Plan. The real estate investment trust (REIT) is now trading at 13.5 times its annualized funds from operations (FFO) for the third quarter and provides a modest dividend yield of 3.31%. Although the equity offering in November is expected to be beneficial, revenue may decline in the coming quarters due to asset sales and returns.

A2MAC1 has chosen Microsoft Azure as its main cloud platform and has introduced its Cost and Sustainability Suite in the Azure Marketplace.

ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC) is happy to share that it has made changes to its mezzanine debt agreement with Sprott Private Resource Lending II (Collector-2), LP. These changes allow MAC the choice to repay the loan early, as stated in the Amendment Deed. According to this agreement, MAC can choose to pay off the mezzanine loan in full starting from 1 January 2025.

MAC's collection of high-end shopping centers is expected to benefit from strong retail demand, which will help increase leasing activity and emphasize the importance of omnichannel retailing.

SANTA MONICA, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) has announced that it will offer 20,000,000 shares of common stock at a price of $19.75 each, aiming for around $395.0 million in total proceeds. Additionally, the underwriters have a 30-day option to buy up to 3,000,000 more shares. This offering is larger than the previously planned 18,000,000 shares and is expected to close on November 27, 2024, pending standard closing conditions.