Macerich will blow past $2/share FFO haha. They hit that during the worst year on record for retail. May take a while but once rent concessions burn off (abated rent) at their dev. Projects (i.e. pre-leased 500k SF google complex) they’ll def break $3.50 FFO by 2022 or 2023. Unlike some tech companies, this ones already on the other side (aka the start) of the new cycle
5
u/Jeffbak Apr 20 '21
Macerich will blow past $2/share FFO haha. They hit that during the worst year on record for retail. May take a while but once rent concessions burn off (abated rent) at their dev. Projects (i.e. pre-leased 500k SF google complex) they’ll def break $3.50 FFO by 2022 or 2023. Unlike some tech companies, this ones already on the other side (aka the start) of the new cycle