Investing.com - Macerich reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Macerich announced earnings per share of $0.46 on revenue of $210.7M. Analysts polled by Investing.com EPS of $-0.02 on revenue of $197.91M.
Macerich 's are down 39.61% and is trading at $10.79 , still down 50.22% from its 52 week high of $22.88 set on Friday, November 5, 2021.
Macerich shares lost 5.27% to trade at $10.79 in pre-market trade the report.
Macerich follows other major Real Estate sector earnings this month
Macerich's report follows an earnings beat by Prologis on Wednesday, October 19, 2022, who reported EPS of $1.36 on revenue of $1.75B, EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $1.8 on revenue of $2.67B, for EPS of $1.13 on revenue of $2.65B.
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