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

Macerich Q4 net loss narrows to $18.8 million from $211.2 million; revenue falls 4.4%

Mixed Impact 3 of 5 earnings Written later

Macerich reported fourth-quarter 2025 results on February 18, 2026. The net loss attributable to the company was $18.8 million, or $0.07 per diluted share, compared with a $211.2 million loss, or $0.89 per share, a year earlier, mainly because of asset write-downs in the 2024 quarter. Quarterly total revenue fell to $261.7 million from $273.7 million, while FFO excluding certain items rose to $128.9 million, or $0.48 per share, from $116.7 million, or $0.47.

Key points

  • Q4 2025 total revenues were $261.7 million, versus $273.7 million in Q4 2024.
  • Q4 2025 FFO excluding certain items was $128.9 million, or $0.48 per diluted share, versus $0.47 a year earlier.
  • Full-year 2025 net loss attributable to the company was $197.1 million, or $0.78 per share, versus $0.88 per share in 2024; full-year revenue rose to $1.01 billion from $918.2 million.
  • The company declared a quarterly dividend of $0.17 per share, payable March 30, 2026.

The filing

CompanyMacerich (MAC)
Form8-K, current report
Filed with the SECFeb 18, 2026, 4:15 PM ET
Accession number0000912242-26-000009

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

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits 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 18, 2026.

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