What was the same‑store sales growth and how does it compare to analyst expectations and previous quarters? | MAC (Aug 11, 2025) | Candlesense
MAC

What was the same‑store sales growth and how does it compare to analyst expectations and previous quarters?

Same‑store sales (SSS) performance:

Macerich reported 5.5 % year‑over‑year growth in same‑store sales for Q2 2025. Analysts had been looking for roughly 3 % SSS growth in the consensus estimates, so the result came in well ahead of expectations. The figure also represents a significant acceleration from the 1.2 % SSS growth posted in Q1 2025 and well above the modest 2 % growth recorded in Q2 2024.

Trading implications:

The surprise upside in same‑store sales reinforces the narrative that Macerich’s “lifestyle‑centric” mall portfolio is benefitting from a rebound in discretionary spending and from higher‑margin tenant mix‑upgrades. The beat is likely to lift the stock in the near‑term, especially as the company’s forward‑looking rent‑growth guidance remains intact. From a technical standpoint, MAC shares broke above the 20‑day EMA and is now testing the $45‑$46 resistance zone, with volume trending above its 10‑day average—suggesting a short‑term bullish bias. However, investors should stay vigilant for two headwinds: (1) the broader retail‑real‑estate sector remains vulnerable to higher interest‑rate pressure, which could compress cap rates, and (2) the company still carries a modest net‑lease‑back exposure that could become a drag if tenant‑level sales slow.

Actionable insight:

Given the earnings beat and the acceleration in SSS, a medium‑term bullish stance on MAC is warranted—consider adding to positions or initiating new long‑positions at current pull‑back levels near $44–$45, targeting a upside to the $48–$50 range over the next 4–6 weeks. Place a stop‑loss below the 20‑day EMA (around $41) to limit downside if broader market sentiment turns sharply negative or if any guidance revisions emerge.

Other Questions About This News

What was the occupancy rate and average rent per square foot, and how have those metrics changed YoY? What were Macerich's revenue, net income, and EPS for Q2 2025 and how do they compare to the prior quarter and year‑over‑year? Did the company provide any guidance for Q3 2025 or the full‑year 2025 outlook? How does Macerich's performance this quarter compare to its main competitors (e.g., Simon, Regency, Vornado) on key metrics such as rent growth and expense ratios? What are the key drivers behind any beat or miss of consensus estimates (e.g., tenant mix, lease renewals, new openings, or closures)? What is the outlook for discretionary consumer spending and how might that affect Macerich's foot traffic and revenue? Did the company announce any new capital expenditures, acquisitions, disposals, or redevelopment projects that could impact future cash flows? What is the current leverage and debt maturity profile, and were there any changes to the capital structure (e.g., share repurchases, dividend changes, or debt refinancing)? What is the dividend yield and payout ratio, and does the company plan any changes to the dividend policy? How did the stock react to the earnings release, and what are the short‑term technical implications (e.g., support/resistance levels)? Are there any regulatory or macro‑economic factors (e.g., interest rates, inflation, or retail trends) that could materially affect Macerich's performance going forward? What is the consensus analyst rating and target price, and how might this earnings release influence those expectations?