Macerich Reduces Net Loss and Increases Revenue in Q3
MAC Macerich Co
$25.62 +1.30%
View chart & analysis → - 1Macerich's net loss for Q3 was approximately $16.7 million, down from a net loss of over $87 million in the same period last year.
- 2Macerich recorded $260.06 million in revenue for Q3.
- 3Macerich sold Pacific View Mall for $69.7 million in September.
So what's the key point?
Macerich reduced its losses in Q3 compared to when it lost over $87 million and also increased its revenue. The company is working to reduce losses by raising funds through the sale of a shopping mall.
Source CRE Daily · View original ↗
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