💨 Abstract

The Macerich Co. reported second-quarter results that fell short of Wall Street expectations. The real estate investment trust (REIT) based in Santa Monica, California, reported funds from operations of $84 million, or 32 cents per share, below analysts' estimates of 34 cents per share. Despite a reported loss of $40.9 million, the company's revenue of $249.8 million surpassed expectations.

Courtesy: WTOP Staff