Every material Form 8-K Macerich filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Macerich reported a third-quarter 2025 net loss attributable to the company of $87.4 million, or $0.34 per diluted share, compared with a $108.2 million loss, or $0.50 per share, a year earlier. Total revenues rose to $253.3 million from $220.2 million, but FFO excluding certain items fell to $0.35 per diluted share from $0.38, so the results point in mixed directions for shareholders.
Q3 2025 net loss attributable to the company was $87.4 million ($0.34 per diluted share), versus $108.2 million ($0.50) in Q3 2024.
Total revenues were $253.3 million, up from $220.2 million a year earlier.
FFO excluding certain items was $93.4 million ($0.35 per diluted share), versus $86.0 million ($0.38) in Q3 2024.
Go-Forward Portfolio Centers NOI, excluding lease termination income, rose 1.7%; a quarterly dividend of $0.17 per share is payable December 29, 2025.
Macerich reported a second-quarter 2025 net loss attributable to the company of $40.9 million, or $0.16 per diluted share, compared with net income of $252.0 million a year earlier. That prior-year period included a $334.3 million gain tied to the Chandler Fashion Center transaction, so the comparison is distorted, but FFO excluding certain items fell to $0.33 per share from $0.39, while total revenues rose to $249.8 million from $215.5 million.
Q2 2025 total revenues were $249.8 million, up from $215.5 million in Q2 2024.
Q2 2025 net loss attributable to the company was $40.9 million, or $0.16 per diluted share, versus net income of $252.0 million, or $1.16 per share, in Q2 2024.
FFO excluding certain items was $87.3 million, or $0.33 per share, versus $88.1 million, or $0.39 per share, a year earlier.
Portfolio occupancy was 92.0% at June 30, 2025, down from 93.3% a year earlier; the company cited Forever 21 closures. The quarterly dividend is $0.17 per share, payable September 23, 2025.
Macerich reported first-quarter 2025 results on May 12, 2025. The net loss attributable to the company was $50.1 million, or $0.20 per diluted share, compared with $126.7 million, or $0.59 per share, a year earlier, while total revenues rose to $249.2 million from $208.8 million. FFO excluding certain items was $87.4 million, or $0.33 per share, the same per-share figure as a year earlier, but portfolio occupancy fell to 92.6% from 93.4%.
Total revenues were $249.2 million for the quarter, up from $208.8 million in the first quarter of 2024.
Net loss attributable to the company was $50.1 million ($0.20 per diluted share), versus $126.7 million ($0.59 per share) a year earlier.
FFO excluding certain items was $87.4 million ($0.33 per share), compared with $74.6 million ($0.33 per share).
Portfolio occupancy was 92.6% at March 31, 2025, down from 93.4% at March 31, 2024.
Macerich director Eric K. Brandt told the board on March 12, 2025 that he will not seek re-election at the 2025 annual meeting of stockholders. He will remain on the board and keep his committee roles until then, and the board cut its size from nine to eight members effective at that meeting. The filing says his decision was not due to any disagreement with the company.
Eric K. Brandt notified the board on March 12, 2025 that he will not stand for re-election
Brandt serves as chair of the capital allocation committee and is a member of the compensation committee, and will keep those roles through the 2025 Annual Meeting
Board size will decrease from nine members to eight, effective at the 2025 Annual Meeting
Filing states the decision was not the result of any disagreement with the company
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.
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.
Macerich's board elected Devin Murphy, former President of Phillips Edison & Company, as a director effective February 1, 2025, and increased the board size from eight to nine members. The filing says Murphy is independent under NYSE rules and was not appointed to any board committee at the time of his appointment.
Devin I. Murphy elected to the board on January 17, 2025, effective February 1, 2025
Board size increased from eight to nine members, with eight of nine directors independent
Murphy served as President of Phillips Edison & Company from 2019 until 2024 and previously worked 28 years as an investment banker
Murphy will receive the standard non-employee director compensation and benefits, and the company intends to enter a standard indemnification agreement with him
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Macerich filing is on SEC EDGAR ↗. 8-K briefs of other companies →