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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (71254)10/28/2022 10:46:53 AM
From: E_K_S1 Recommendation

Recommended By
JohnyP

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RE: Macerich Company (MAC)

Company raised their dividend to $0.17/share per quarter a 13% increase. At $0.68/year that now yields 6.3%

Price/cash flow 6.24x; Selling at 73% of BV

FWIW, my largest REIT position. Remember 7 years ago they received a buy out offer of $91/share which they declined.

Macerich Rejects Simon's $16B Unsolicited Takeover Offer - Analyst Blog

Mar 9, 2015, Macerich had confirmed the receipt of unsolicited takeover bid from the Indianapolis, IN-based Simon Property (read more: Simon (SPG) Makes $16B Hostile Bid for Macerich (MAC) ).
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