Macerich Co. concludes second quarter with £19.15 million of net loss

The Macerich Company (NYSE: MAC) published its quarterly financial results on Tuesday that highlighted the company to have concluded its fiscal second quarter in loss that came in lower than what the experts had forecast. Its revenue and funds from operations (FFO), however, fell shy of the analysts’ estimates. Macerich highlighted on Tuesday that it the Coronavirus pandemic pushed it into closing nine of its malls in California once again as the new COVID-19 cases continued to surge state-wide. The company’s board declared 11.44 pence per share of quarterly dividend in late July.   Shares of the company opened more