Q2 FY2026 EarningsQ2 FY26 beat consensus on the top line with revenue of $249.7M vs. $237.7M expected, driven by the strategic acquisition of Annapolis Mall and healthy growth in the Same Center portfolio. GAAP EPS of -$0.10 missed the mean estimate of -$0.055, primarily due to non-cash asset write-downs and increased default interest accruals on non-recourse debt. Operating cash flow of $144.2M for H1 FY26 exceeded the annualized consensus, while management raised liquidity through a $448M equity offering to fund the deleveraging goals of the 'Path Forward Plan'.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: Macerich(MAC) the Revenue is 233.44 M (+0.31%), Miss estimate;the EBIT is 38.32 M (-6.88%), Miss estimate;the EPS is -0.1 (+37.5%), Miss estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueMiss expectations
0.23B0.31%
0.24B2.13%
-0.00B1.82%
EBITMiss expectations
0.04B6.88%
0.05B23.63%
-0.01B30.51%
EPSMiss expectations
-0.137.50%
-0.055265.50%
-0.044828.00%
Revenue
ActualEstimateUnit: USD
qf
EBIT
ActualEstimateUnit: USD
qf
Net income
ActualEstimateUnit: USD
qf
EPS
ActualEstimateUnit: USD
qf