Previous close | 11.46 |
Open | 11.49 |
Bid | 11.30 x 800 |
Ask | 11.85 x 900 |
Day's range | 11.32 - 11.59 |
52-week range | 7.40 - 14.51 |
Volume | |
Avg. volume | 1,763,043 |
Market cap | 2.538B |
Beta (5Y monthly) | 2.15 |
PE ratio (TTM) | N/A |
EPS (TTM) | -0.40 |
Earnings date | 01 Nov 2023 - 06 Nov 2023 |
Forward dividend & yield | 0.68 (5.93%) |
Ex-dividend date | 17 Aug 2023 |
1y target est | 12.00 |
A robust retail real estate market and focus on omni-channel retailing and developing mixed-use assets will aid Macerich (MAC). However, e-commerce adoption and high interest rates are key woes.
Boosting its liquidity and flexibility to capitalize on long-term growth opportunities, Macerich (MAC) amends and restates its existing revolving credit facility with a $650 million facility.
New Credit Facility Enhances Company’s Liquidity, Flexibility for Long-Term GrowthSANTA MONICA, Calif., Sept. 12, 2023 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of high-quality retail and mixed-use properties in top markets, today announced that it has closed an amended and restated $650 million revolving credit facility. The new facility provides an increase of $125 million from the company’s existing $525 million facility that was sc