Professional
Added to YB: 2024-04-30
Pitch date: 2024-03-31
MAC [bullish]
The Macerich Company
+15.49%
current return
Author Info
No bio for this author
Company Info
Macerich is a fully integrated, self-managed, self-administered real estate investment trust (REIT). As a leading owner, operator, and developer of high-quality retail real estate in densely populated and attractive U.
Market Cap
$4.2B
Pitch Price
$16.17
Price Target
N/A
Dividend
4.10%
EV/EBITDA
14.65
P/E
-10.52
EV/Sales
8.34
Sector
Retail REITs
Category
turnaround
Baron Real Estate Income Fund New Portfolio Holding: The Macerich Company
MAC: High-quality mall REIT trading at discount to peers & pvt market. New CEO Hsieh from Spirit Realty to drive turnaround - sell non-core assets, cut debt. Continued growth via occupancy/rent/margin increases + redevelopment. 90% of portfolio in prime locations with high productivity & tenant demand.
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