Macerich Co (NYSE:MAC)
$ 19.38 -0.56 (-2.81%) Market Cap: 4.37 Bil Enterprise Value: 8.67 Bil PE Ratio: 53.83 PB Ratio: 1.74 GF Score: 54/100

Macerich Co at Citi Global Property CEO Conference Transcript

Mar 05, 2019 / 04:35PM GMT
Release Date Price: $43.13 (+0.44%)
Michael Bilerman
Citigroup Inc, Research Division - MD and Head of the US Real Estate and Lodging Research

Pleased to have with us Tom O'Hern, the new CEO of Macerich. For those in the room or on the webcast, you can sign-in to liveqa.com and enter the code citi2019. Disclosures are up here on the website. Tom, I'll turn it over to you to introduce the management team that's with you here today and provide the audience why investors should buy Macerich's stock today, three reasons, and then we'll begin Q&A.

Thomas E. O;Hern
Macerich Company - CEO & Director

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Thank you, Michael. To my right is Doug Healey. Doug is Executive Vice President and heads up leasing for Macerich. He's a 25-year industry veteran. And he's been with Macerich since 2007. To my left is Scott Kingsmore. Scott is the new CFO. He's been working for Macerich for over 20 years and has a wealth of experience in the industry. The 3 reasons, Michael: First, there's valuation at today's share price, our stock is very cheap. We've a fantastic portfolio of U.S. A-quality

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