Macerich Q3 FFO Rises

(RTTNews) - Macerich Company (MAC) Tuesday reported third-quarter funds from operations of $132.5 million or $0.88 per share, up from $129.6 million or $0.86 per share last year.

Net income for the quarter was $35.9 million or $0.25 per share, compared to $38.1 million or $0.27 per share last year.

Analysts polled by Thomson Reuters expected the company to report FFO of $0.89 on revenues of $150.82 million for the quarter. Analysts' estimates typically exclude special items.

For the full year 2014, the company now expects FFO of $3.57 to $3.63 per share, up from prior outlook of $3.50 to $3.60 per share. Analysts currently estimate FFO of $3.57 per share for 2014.