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Macerich Co (MAC.N)

MAC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Macerich declares quarterly dividend on common shares
Friday, 29 Jan 2016 09:16am EST 

Macerich co:Declares a quarterly cash dividend of $.68 per share of common stock.Payable on March 4, 2016 to stockholders of record at the close of business on February 19, 2016.  Full Article

Macerich Co declares two special dividends
Monday, 2 Nov 2015 06:00am EST 

Macerich Co:Says On October 30, 2015 the Board of Directors of The Macerich Company declared two special dividends each of $2.00 per share of common stock.First dividend is payable on December 8 to stockholders of record date as on November 12.Second dividend is payable on January 6, 2016 to stockholders of record at the close of business on November 12.  Full Article

Macerich Co announces its quarterly dividend
Friday, 23 Oct 2015 08:00am EDT 

Macerich Co:Declares an increase in its quarterly dividend.Increases quarterly cash dividend by 4.4 percent to $0.68 per share.  Full Article

Macerich Co reaffirms FY 2015 FFO guidance
Wednesday, 7 Oct 2015 04:30pm EDT 

Macerich Co:Reaffirms its previously provided FY 2015 FFO per share guidance range of $3.86 to $3.94.  Full Article

Macerich announces joint ventures on assets valued at $5.4 billion
Wednesday, 30 Sep 2015 05:45pm EDT 

Macerich Co :Announces joint ventures on assets valued at $5.4 billion.Says gic will have a 40% interest in five assets and heitman will have a 49% interest in three assets.Says planning to put financing on south plains mall and twenty ninth street center.Reached deal to form jvs to which co will contribute interests in 8 assets with cash proceeds to Macerich totaling $2.3 billion.Says will refinance the debt on Washington square, los Cerritos center and arrowhead towne center.Use of the proceeds is expected to include share repurchases under the company's $1.2 billion share repurchase program.Included in the total cash proceeds is macerich's share of the excess financing proceeds which is estimated to be $1.14 billion.Use of proceeds expected to include pay down of line of credit debt balance, for special dividend in range of $3.50-$4.50 per share.  Full Article

Macerich announces $1.2 billion share repurchase program
Wednesday, 30 Sep 2015 05:30pm EDT 

Macerich Co :Announces $1.2 billion share repurchase program.Board authorized the repurchase of up to $1.2 billion of its outstanding common shares over the next 24 months as market conditions warrant.  Full Article


Retail REIT shares rally as fear of e-commerce competition ebbs

NEW YORK Strong earnings from the battered U.S. retail sector, which helped lift Wall Street on Thursday, also boosted shares of the hard-hit real estate investment trusts (REITs) that own the properties where the retailers are located. Sears Holdings Corp , which reported on Thursday its first quarterly profit in nearly two years, brought the retail REITs rally to roughly 7 percent since early least week.