As I have previously discussed, I recently attended REITweek, the largest real estate investment trust event of the year. And I have to say, I’m cautiously optimistic about commercial real estate. Here is a look at some key themes from the event.
Macerich Co (NYSE: MAC) downgraded & reduced price target by Piper Sandler. Reported Q1 sales of $208.783M & FFO of $0.33. New CEO appointed & withdrew FY24 guidance. Analyst skeptical of turnaround strategy, lowers FFO estimates for FY24 & FY25.
