BUZZ-Retail REIT Macerich down after $395 mln stock offering priced

Reuters

2024-11-26

BUZZ-Retail REIT Macerich down after $395 mln stock offering priced

** Shares of Macerich MAC.N down 0.8% premarket to $20.15 after overnight follow-on priced

** Santa Monica, CA-based retail real estate investment trust $(REIT)$ late Mon announced 20 mln shares at $19.75 for $395 mln gross proceeds

** Offering size boosted from 18 mln shares, priced at 2.8% discount to stock's last sale

** It plans to use net offering proceeds to help repay $478 mln mortgage loan with a fixed effective interest rate of approx 9.0%, and secured by its Washington Square property in Portland, Oregon

** Goldman Sachs leading the offering

** With ~225.5 mln shares outstanding, MAC has ~$4.6 bln market cap

** Through Mon, shares up ~32% in 2024

** Of 14 analysts covering MAC, recommendation breakdown is 1 "strong buy", 6 "hold" and 7 "sell" ratings; median PT is $16.50 - LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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The views expressed are his own)</p><p>((lance.tupper@tr.com 1-646-279-6380))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1668664300.SGD","symbol_name":"Blackrock World Financials A2 SGD-H","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241126:nL6N3MX0G5:1","article_id":"2486008037","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486008037","pubTimestamp":1732628412,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Retail REIT Macerich down after $395 mln stock offering priced** Shares of Macerich MAC.N down 0.8% premarket to $20.15 after overnight follow-on priced** Santa Monica, CA-based retail real estate investment trust  late Mon announced 20 mln shares at $19.75 for $395 mln gross proceeds** Offering size boosted from 18 mln shares, priced at 2.8% discount to stock's last sale** It plans to use net offering proceeds to help repay $478 mln mortgage loan with a fixed effective interest rate of approx 9.0%, and secured by its Washington Square property in Portland, Oregon** Goldman Sachs leading the offering** With ~225.5 mln shares outstanding, MAC has ~$4.6 bln market cap** Through Mon, shares up ~32% in 2024** Of 14 analysts covering MAC, recommendation breakdown is 1 \"strong buy\", 6 \"hold\" and 7 \"sell\" ratings; median PT is $16.50 - LSEG data","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU2237443895.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) ACC","BK4588":"碎股","BK4550":"红杉资本持仓","BK4552":"Archegos爆仓风波概念","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","BK4231":"零售房地产信托","BK4551":"寇图资本持仓","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","BK4504":"桥水持仓","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","IE00BFXG1179.USD":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","BK4127":"投资银行业与经纪业","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","BK4516":"特朗普概念","LU0106831901.USD":"贝莱德世界金融基金A2","MAC":"马塞里奇房产","BK4585":"ETF&股票定投概念","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4080":"零售业房地产投资信托","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC"},"translate_title":"BUZZ-零售房地产投资信托基金Macerich在3.95亿美元股票发行定价后下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MAC":0.9},"content_text":"BUZZ-Retail REIT Macerich down after $395 mln stock offering priced** Shares of Macerich MAC.N down 0.8% premarket to $20.15 after overnight follow-on priced** Santa Monica, CA-based retail real estate investment trust $(REIT)$ late Mon announced 20 mln shares at $19.75 for $395 mln gross proceeds** Offering size boosted from 18 mln shares, priced at 2.8% discount to stock's last sale** It plans to use net offering proceeds to help repay $478 mln mortgage loan with a fixed effective interest rate of approx 9.0%, and secured by its Washington Square property in Portland, Oregon** Goldman Sachs leading the offering** With ~225.5 mln shares outstanding, MAC has ~$4.6 bln market cap** Through Mon, shares up ~32% in 2024** Of 14 analysts covering MAC, recommendation breakdown is 1 \"strong buy\", 6 \"hold\" and 7 \"sell\" ratings; median PT is $16.50 - LSEG data(Lance Tupper is a Reuters market analyst. 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