WASHINGTON (dpa-AFX) - The Macerich Company (MAC) reported second-quarter net income attributable to the company from continuing operations of $16.1 million or $0.11 per share, compared to $219.0 million or $1.57 per share, a year ago. Funds from operations was $129.8 million or $0.86 per share compared to $130.4 million or $0.87 per share, prior year.
On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $0.84 for the quarter. Analysts' estimates typically exclude special items.
Total revenues from continuing operations decreased to $254.34 million from $262.90 million, last year. Analysts expected revenue of $150.14 million for the quarter.
The company reaffirmed its EPS and FFO per share guidance for 2014. EPS is estimated to be between $0.98 and $1.08. FFO per share is expected in the range of $3.50-$3.60. Analysts expect the company to report 2014 profit per share of $3.55.
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