Macerich's stock plummeted 5.07% in intraday trading on Thursday, following the release of the company's fourth quarter 2024 financial results. While the shopping center REIT posted a 14.7% increase in revenue to $273.7 million, beating analyst estimates, other key metrics fell short of expectations, disappointing investors.

Notably, Macerich reported adjusted funds from operations (FFO) of $0.47 per share for the quarter, down from $0.57 a year earlier and in line with analyst consensus estimates. However, the company recorded a net loss of $211.2 million, or $0.89 per share, wider than analyst projections.

Analysts also pointed out that some of Macerich's leasing revenue streams, such as minimum rents and tenant recoveries, came in below forecasts, suggesting underlying operational challenges despite the topline growth. The company's FFO performance over the last four quarters has also been inconsistent, surpassing estimates only once.