Store Closures, Debt Load Pressures Macerich -- Market Talk
Store Closures, Debt Load Pressures Macerich -- Market Talk
DJ Store Closures, Debt Load Pressures Macerich -- Market Talk
DJ門店關閉,債務負擔壓力Macerich-市場談話
08:52 ET - In spite of its quality portfolio, mall-owner Macerich is under pressure due to a relatively high debt load and because a number of retailers have been closing stores, Jefferies says. The flow-through from closures and potential store shutdowns--JC Penney has yet to meaningfully rationalize its portfolio--means Macerich may need to take steps like cutting its dividend to conserve cash amid relatively high debt, Jefferies says. The firm forecasts a 25% cut to the payout in 1Q next year. "We expect continued pressure on cashflow," Jefferies says, cutting its rating on Macerich to underperform. Shares fall 1.6% premarket. (micah.maidenberg@wsj.com; @MicahMaidenberg)
東部時間08:52-傑富瑞表示,儘管擁有優質的產品組合,但由於債務負擔相對較高,以及一些零售商一直在關閉門店,購物中心所有者Macerich面臨壓力。傑富瑞説,JC Penney尚未對其投資組合進行有意義的合理化,關閉門店和潛在門店的資金流入意味着Macerich可能需要採取削減股息等措施,以在債務相對較高的情況下節省現金。該公司預計明年第一季度的支出將減少25%。“我們預計現金流將繼續承壓,”傑富瑞表示,並將其對Macerich的評級下調至表現不佳。盤前股價下跌1.6%。(micah.madenberg@wsj.com;@MicahMadenberg)
(END) Dow Jones Newswires
(完)道瓊斯通訊社
January 15, 2020 08:52 ET (13:52 GMT)
2020年1月15日東部時間08:52(格林尼治標準時間13:52)
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