|Bid||11.30 x 800|
|Ask||11.85 x 900|
|Day's range||11.32 - 11.59|
|52-week range||7.40 - 14.51|
|Beta (5Y monthly)||2.15|
|PE ratio (TTM)||N/A|
|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