Operator
Greetings and welcome to the Retail Properties of America Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions]
It is my pleasure to introduce your host Mr. Mike Gaiden, Vice President of Investor Relations and Capital Markets. Thank you, sir. Please go ahead.
Mike Gaiden
Vice President, Capital Markets and Investor Relations
Thank you, operator, and welcome to the Retail Properties of America fourth quarter 2020 earnings conference call. In addition to the press release distributed last evening, we have posted a quarterly supplemental information package with additional details on our results in the Invest section on our website at www.rpai.com.
Senior Vice President of Investor Relations
Good morning. This is Cyndi Holt, Senior Vice President of Investor Relations, and I would like to welcome you to the Tanger Factory Outlet Centers Fourth Quarter and Year-end 2020 conference call. Yesterday evening, we issued our earnings release, as well as our supplemental information package and investor presentation. This information is available on our Investor Relations website, investors.tangeroutlets.com.
Please note that during this conference call some of management s comments will be forward-looking statements that are subject to numerous risks and uncertainties and actual results could differ materially from those projected. We direct you to our filings with the Securities and Exchange Commission for a detailed discussion of these risks and uncertainties. During the call, we will also discuss non-GAAP financial measures as defined by SEC Regulation G, including funds from operations or FFO, core FFO, and Same-Center net opera
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Fourth Quarter 2020 Kite Realty Group Trust Earnings Conference Call. [Operator Instructions]
I d now like to hand the conference over to your host today, Mr. Bryan McCarthy, Senior Vice President, Marketing and Communications. Please go ahead.
Bryan McCarthy
Senior Vice President of Marketing and Communications
Thank you, and good morning, everyone. Welcome to Kite Realty Group s fourth quarter earnings call. Some of today s comments contain forward-looking statements that are based on assumptions of future events and are subject to inherent risks and uncertainties. Actual results may differ materially from these statements. For more information about the factors that can adversely affect the company s results, please see our SEC filings, including our most recent 10-Q. Today s remarks also include certain non-GAAP financial measures. Please refer to yesterday s earnings press release available on o
Operator
Ladies and gentlemen, thank you for standing by and welcome to the Q4 2020 Acadia Realty Trust Earnings Conference Call. [Operator Instructions]. After the speakers presentation, there will be a question-and-answer session. [Operator Instructions]. I would now like to hand the conference over to your speaker today, Alex Burger. Please go ahead.
Alex Burger
Acquisitions Analyst
Good afternoon and thank you for joining us for the fourth quarter 2020 Acadia Realty Trust Earnings Conference Call. My name is Alex Burger, and I m an analyst in our Acquisitions Department and previously Intern at Acadia in the summer of 2019.
Before we begin, please be aware that statements made during the call that are not historical may be deemed forward-looking statements within the meaning of the Securities and Exchange Act of 1934 and actual results may differ materially from those indicated by such forward-looking statements.
Frederic J. Brown/AFP via Getty Images
Malls will continue to struggle as the pandemic forces new business shutdowns across the nation, according to
Citigroup, which says it’s time to sell shares of
The problem isn’t the company’s ability to get through these tough times, Citi’s Katy McConnell wrote in a note on Tuesday. It’s Macerich’s (ticker: MAC) debt, which will force it to raise capital at some point and potential asset sales or joint ventures are difficult in the current environment.
While positive news on Covid-19 vaccines have sparked a run-up in the stock since the beginning of October, “we see more risk of downside,” she said, downgrading the shares to Sell from Neutral. She expects continued volatility in the shares in the near term.