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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (72297)	2/7/2023 8:38:39 AM
From: Madharry	Respond to of 78673

Macerich reported quarterly earnings of .53 the same as last year. revenues missed by a very small amount. will continue to hold it with the expectation of increased earnings and distributions. they have some new attraction coming in to their Santa Monica location which will certainly draw increased traffic to that location. conference call will be at 1 pm eastern . Bidu was up 15% in hong kong last night on chat bot news.

To: Paul Senior who wrote (72297)	2/7/2023 2:03:12 PM
From: Madharry	Read Replies (1) \| Respond to of 78673

listening to the q&A on the macerich call. lots of questions. sounds like flat for next two quarters than leasing occpancy levels. they expect to get to pre covid occupancy levels by q4 of 2023, leasing should look pretty good in 2024 and 2025. In the meantime right now distribution is close to 5%. they need to refinance a bunch of properties which they expect will be done by year end. This continues to be an easy hold for me.