MAC
The Macerich Company18.30
-0.29-1.56%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
4.91BP/E (TTM)
-Basic EPS (TTM)
-1.67Dividend Yield
0.04%Recent Filings
8-K
8-K
8-K
Macerich closes two mall sales
The Macerich Company closed the sale of Lakewood Center in California for $332.1 million on August 18, 2025, with the buyer assuming the $317.1 million loan maturing in June 2026, netting Macerich about $5.0 million for general corporate purposes. Two days later, it sold unencumbered Valley Mall in Virginia for $22.1 million, yielding roughly $20.9 million also for corporate use. These dispositions advance de-leveraging under the Path Forward Plan. Yet risks from economic pressures loom large.
10-Q
Q2 FY2025 results
Macerich's Q2 revenue climbed 16% year-over-year to $249.8M, fueled by leasing gains from newly consolidated assets like Arrowhead Towne Center and South Plains Mall, while same-center leasing revenue edged up 2% amid 10.5% releasing spreads. Yet profitability flipped to a $40.9M net loss from last year's $252M gain, hit by $10.5M in asset writedowns and higher $71.9M interest costs—up 81% (derived)—versus a one-time $325M gain on Chandler Fashion Center's reclassification. Operating cash flow for the half-year hit $159M, up 24% (derived), supporting the $290M Crabtree Mall buy; debt stands at $5.2B with $131M cash and $549M revolver availability. Free cash flow not disclosed in the 10-Q. Still, tenant bankruptcies like Forever 21's pose leasing risks.
8-K
Macerich Q2 loss masks steady FFO
The Macerich Company reported a Q2 2025 net loss of $40.9 million, or $0.16 per diluted share, versus net income of $252.0 million last year, driven by the absence of a $334.3 million gain from the Chandler Fashion Center transaction. Yet FFO excluding adjustments held steady at $87.3 million, or $0.33 per share, while go-forward portfolio NOI rose 2.4% and leasing surged 137% to 1.7 million square feet, yielding 10.5% base rent spreads. Key moves included acquiring Crabtree Mall for $290 million on June 23 and selling SouthPark for $11 million on April 30; liquidity stands at $915 million. Occupancy dipped to 92.0%, hit by Forever 21 closures.
AKR
Acadia Realty Trust
19.78-0.40
ALEX
Alexander & Baldwin, Inc.
20.98+0.02
BRX
Brixmor Property Group Inc.
25.57-0.50
KIM
Kimco Realty Corporation (HC)
20.08-0.42
MKZR
MacKenzie Realty Capital, Inc.
3.77-0.41
NNN
NNN REIT, Inc.
40.06-0.38
PECO
Phillips Edison & Company, Inc.
35.31-0.26
REG
Regency Centers Corporation
67.16-1.09
SITC
SITE Centers Corp.
6.31-0.06
WSR
Whitestone REIT
13.60+0.00