Professional
Added to YB: 2024-04-30
Pitch date: 2024-03-31
MAC [bullish]
The Macerich Company
+47.54%
current return
Author Info
No bio for this author
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Company Info
The Macerich Company is a fully integrated, self-managed, self-administered real estate investment trust (REIT).
Market Cap
$6.4B
Pitch Price
$15.65
Price Target
N/A
Dividend
3.02%
EV/EBITDA
20.27
P/E
-34.41
EV/Sales
10.87
Sector
Retail REITs
Category
turnaround
Show full summary:
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.
Read full article (2 min)