Nov 4, 4:15 PM ET
Macerich reported third-quarter 2026 total revenues of $260.1 million, up from $253.3 million a year earlier. Net loss attributable to the company narrowed to $16.7 million, or $0.06 per share, from $87.4 million, or $0.34 per share, mainly due to a gain on asset sales. Two mortgage loans, totaling $399.4 million, went into default after quarter end, and the company is negotiating with both lenders.
- Total revenues were $260.1 million for the quarter, compared with $253.3 million in Q3 2025.
- FFO, as adjusted, was $109.1 million, or $0.37 per diluted share, compared with $96.2 million, or $0.36 per share.
- The $325.0 million Fresno Fashion Fair loan went into default effective November 2, 2026; the $74.4 million Fashion Outlets of Niagara Falls loan went into default effective October 6, 2026.
Read the filing on SEC.gov ↗
Aug 11, 4:52 PM ET
Macerich's operating partnership completed the sale of $775 million of 2.25% exchangeable senior notes due August 15, 2031, including the full exercise of a $100 million option for additional notes. The notes are exchangeable into Macerich common stock at an initial price of about $28.19 per share, and the filing says the company disclosed net proceeds and capped call plans in earlier press releases.
- Aggregate principal of $775 million, including the $100 million option exercised in full
- Interest at 2.25% per year, payable February 15 and August 15, beginning February 15, 2027
- Initial exchange price of about $28.19 per share, a premium of about 20% over the $23.49 closing price on August 6, 2026
- Earlier release estimated net proceeds of about $659.1 million before the option, with about $39.2 million used for capped call transactions
Read the filing on SEC.gov ↗
Aug 4, 4:15 PM ET
Macerich reported second-quarter 2026 results with a net loss attributable to the company of $27.1 million, or $0.10 per diluted share, down from $40.9 million, or $0.16 per share, a year earlier, mainly due to a gain on asset sales. FFO, as adjusted, rose to $100.4 million, or $0.35 per diluted share, from $88.7 million, or $0.34 per share, while total revenues were roughly flat at $249.7 million. The company also completed the $260 million Annapolis Mall acquisition and raised equity in May and June.
- Net loss attributable to the company was $27.1 million ($0.10 per diluted share) in Q2 2026, versus $40.9 million ($0.16) in Q2 2025, which the company attributes mainly to a gain on sale of assets.
- FFO, as adjusted, was $100.4 million ($0.35 per diluted share), up from $88.7 million ($0.34) a year earlier.
- Total revenues were $249.7 million, compared with $249.8 million in Q2 2025; leasing revenue was $233.4 million versus $232.7 million.
- Go-Forward Portfolio Centers net operating income, excluding lease termination income, rose 3.8%, and leased occupancy was 94.0% at June 30, 2026, up from 92.0% a year earlier.
Read the filing on SEC.gov ↗
May 6, 4:15 PM ET
Macerich reported a first-quarter 2026 net loss attributable to the company of $36.4 million, or $0.14 per diluted share, compared with $50.1 million, or $0.20 per share, a year earlier. The filing attributes the improvement mainly to a gain on sale or write-down of assets, while total revenues fell to $241.5 million from $249.2 million and FFO, as adjusted, was flat at $0.34 per diluted share.
- Net loss attributable to the company: $36.4 million, or $0.14 per diluted share, versus $50.1 million, or $0.20 per share, in Q1 2025
- Total revenues: $241.5 million, down from $249.2 million a year earlier
- FFO, as adjusted: $92.4 million, or $0.34 per diluted share, versus $89.8 million, or $0.34 per share, in Q1 2025
- Annapolis Mall acquired on April 30, 2026 for $260 million, plus $12 million for an adjacent Sears parcel
Read the filing on SEC.gov ↗
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