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SEC Filings



8-K
MACERICH CO filed this Form 8-K on 10/31/2018
Entire Document
 


The Macerich Company

Consolidated Statements of Operations (Unaudited)

(Dollars in thousands)

 

     For the Three
Months Ended
September 30,
2018
    For the Nine
Months Ended
September 30,
2018
 

Revenues:

    

Minimum rents

   $ 146,256     $ 431,546  

Percentage rents

     3,325       6,724  

Tenant recoveries

     68,045       202,899  

Other income

     13,520       40,218  

Management Companies’ revenues

     11,052       32,090  
  

 

 

   

 

 

 

Total revenues

     242,198       713,477  
  

 

 

   

 

 

 

Expenses:

    

Shopping center and operating expenses

     72,101       214,683  

Management Companies’ operating expenses

     21,526       80,815  

REIT general and administrative expenses

     5,439       18,414  

Costs related to shareholder activism

     —         19,369  

Depreciation and amortization

     81,803       240,608  

Interest expense

     44,927       136,477  
  

 

 

   

 

 

 

Total expenses

     225,796       710,366  

Equity in income of unconsolidated joint ventures

     18,789       51,330  

Income tax (expense) benefit

     (466     1,799  

Gain (loss) on sale or write down of assets, net

     46,516       (514
  

 

 

   

 

 

 

Net income

     81,241       55,726  

Less net income attributable to noncontrolling interests

     7,213       7,455  
  

 

 

   

 

 

 

Net income attributable to the Company

   $ 74,028     $ 48,271  
  

 

 

   

 

 

 

 

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