Macerich Q2 net income rises to $252.0 million on asset gain; FFO per share dips to $0.39
Macerich reported second-quarter 2024 results. Net income attributable to the company was $252.0 million, or $1.16 per diluted share, versus a $15.0 million loss a year earlier, driven by a $325.0 million gain on sale or write-down of assets. Core FFO excluding certain items fell slightly to $0.39 per share from $0.40, and the company has not issued 2024 guidance since withdrawing it on April 30, 2024.
Key points
- Total revenues were $215.5 million, up from $212.4 million in the second quarter of 2023.
- Net income attributable to the company was $252.0 million, or $1.16 per diluted share, compared with a loss of $15.0 million, or $0.07 per share, a year earlier.
- FFO excluding certain items was $88.1 million, or $0.39 per share, compared with $89.1 million, or $0.40 per share, in the prior-year quarter.
- The company withdrew its 2024 guidance on April 30, 2024 and is not providing an updated outlook.
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.