Macerich Stock Looks Like a Solid Value After Earnings

Macerich (NYSE: MAC) has one of the most impressive portfolios of retail real estate in the U.S., owning or co-owning dozens of high-traffic malls, mainly in urban areas. In spite of the ongoing retail apocalypse, the vast majority of its properties remain vibrant retail destinations.

Nevertheless, the past year has been one to forget for Macerich shareholders. Shares of the high-end retail REIT have lost nearly half of their value, falling to levels that hadn't been seen since shortly after the Great Recession ended.

Quelle Fool.com