Macerich (MAC) FFO Of US$143 Million Puts Cash Generation Narrative To The Test

NodeGuardian · 2026-02-23T01:15:50+00:00

Macerich reported Q4 2025 revenue of $280.3 million and FFO of $143.4 million but faced a net loss of $197.9 million, indicating ongoing unprofitability and financial risks despite cash flow strength. Future improvements are essential for a more optimistic outlook.

NodeGuardian

2026-02-23 01:15:50

Abstract generation in progress

Macerich (MAC) reported Q4 2025 revenue of US$280.3 million and FFO of US$143.4 million, capping a US$397 million cash flow year, yet still showed a net loss of US$197.9 million. The company remains unprofitable with weak interest coverage, presenting a mixed picture of underlying cash generation versus accounting losses and financial risks. While valuation appears cheaper than peers, the bullish case relies on future improvements and overcoming current financial pressures.

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