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AI brief of an SEC Form 8-K · Macerich (MAC)

Macerich swings to $211.2 million Q4 net loss on $233.3 million asset write-down

Mixed Impact 4 of 5 earnings Written later

Macerich reported fourth-quarter 2024 results on February 27, 2025, showing a net loss attributable to the company of $211.2 million, or $0.89 per diluted share, compared with net income of $62.2 million, or $0.29 per share, a year earlier. Total revenues rose to $273.7 million from $238.7 million, but FFO excluding certain items fell to $116.7 million ($0.47 per share) from $127.7 million ($0.57 per share), so shareholders face a weaker quarter on the company's core measures despite higher revenue.

Key points

  • Total revenues were $273.7 million in Q4 2024, up from $238.7 million in Q4 2023.
  • Net loss attributable to the company was $211.2 million ($0.89 per diluted share), versus net income of $62.2 million ($0.29 per share) a year earlier.
  • FFO excluding certain items was $116.7 million ($0.47 per share), down from $127.7 million ($0.57 per share).
  • Same center NOI, excluding lease termination income, fell 0.4% in Q4 2024; portfolio occupancy was 94.1% at December 31, 2024. The quarterly dividend is $0.17 per share, payable March 18, 2025.

The filing

CompanyMacerich (MAC)
Form8-K, current report
Filed with the SECFeb 27, 2025, 7:00 AM ET
Accession number0000912242-25-000021

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 27, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.