Macerich Q2 FFO as adjusted rises to $100.4 million; net loss narrows to $27.1 million
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.
Key points
- 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.
The filing
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 August 04, 2026.
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.