Earnings summaries and quarterly performance for MACERICH.
Executive leadership at MACERICH.
Jackson Hsieh
Detailed
President and Chief Executive Officer
CEO
AC
Ann C. Menard
Detailed
Senior Executive Vice President, Chief Legal Officer and Secretary
DE
Daniel E. Swanstrom II
Detailed
Senior Executive Vice President, Chief Financial Officer and Treasurer
DJ
Douglas J. Healey
Detailed
Senior Executive Vice President, Head of Leasing
Board of directors at MACERICH.
Research analysts who have asked questions during MACERICH earnings calls.
Alexander Goldfarb
Piper Sandler
4 questions for MAC
Also covers: ALEX, ALX, AVB +25 more
Craig Mailman
Citigroup
4 questions for MAC
Also covers: AKR, BRX, COLD +15 more
Floris Gerbrand van Dijkum
Compass Point Research & Trading, LLC
4 questions for MAC
Also covers: AKR, ALX, APLE +14 more
HS
Haendel St. Juste
Mizuho Financial Group
4 questions for MAC
Also covers: AAT, ADC, AIV +21 more
Jeffrey Spector
BofA Securities
4 questions for MAC
Also covers: AKR, AMH, AVB +25 more
Vince Tibone
Green Street
4 questions for MAC
Also covers: CBL, COLD, EGP +7 more
LY
Linda Yu Tsai
Jefferies Financial Group Inc.
3 questions for MAC
Also covers: ADC, AKR, BRX +11 more
CB
Caitlin Burrows
Goldman Sachs
2 questions for MAC
Also covers: ALX, BNL, BRX +19 more
Linda Tsai
Jefferies
2 questions for MAC
Also covers: ADC, AKR, AMH +31 more
MM
Michael Mueller
JPMorgan Chase & Co.
2 questions for MAC
Also covers: AKR, BRX, CBL +26 more
RK
Ronald Kamdem
Morgan Stanley
2 questions for MAC
Also covers: AAT, ADC, AHR +37 more
Samir Khanal
Bank of America
2 questions for MAC
Also covers: BRX, COLD, CUBE +16 more
Steve Sakwa
Evercore ISI
2 questions for MAC
Also covers: ALX, AMH, AVB +31 more
Floris van Dijkum
Compass Point Research & Trading
1 question for MAC
Also covers: AKR, ALX, APLE +19 more
Greg McGinniss
Scotiabank
1 question for MAC
Also covers: BRX, COLD, EPRT +14 more
KB
Ki Bin Kim
Truist Securities
1 question for MAC
Also covers: ADC, AKR, BNL +20 more
Michael Griffin
Citigroup Inc.
1 question for MAC
Also covers: AHR, ALX, ARE +33 more
OO
Omotayo Okusanya
Deutsche Bank AG
1 question for MAC
Also covers: AMH, ARE, AVB +42 more
Recent press releases and 8-K filings for MAC.
Mackenzie Realty Capital Establishes Mackenzie Apartment Communities as Stand-alone Entity
MAC
New Projects/Investments
M&A
- Mackenzie Realty Capital, Inc. (MKZR) has established MacKenzie Apartment Communities, Inc. (MAC) as a separate, 100% owned subsidiary, effective January 1, 2026, by contributing its multi-family assets and development property.
- MAC is a stand-alone company focused on developing and owning multi-family properties on the West Coast.
- The MAC Board has adopted an initial Net Asset Value (NAV) of $18.10 per share for MAC, based on appraisals as of March 31, 2025, and construction costs.
- Potential future strategies for MAC include raising capital, merging with another multi-family REIT, or a spin-off of shares to MKZR shareholders.
Jan 8, 2026, 10:50 PM
Macerich Provides Business Update on Leasing and Asset Sales
MAC
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- The Macerich Company reported strong leasing volumes and productivity for its Go-Forward Portfolio, with 5.4 million square feet of new and renewal space signed and 888 signed leases year-to-date through Q3 2025.
- The company is ahead of schedule on its five-year Path Forward Plan, having 71% of new lease deals completed as of November 2025, exceeding the year-end 2025 target of 70%. This plan is projected to increase permanent physical occupancy by 500 basis points, reaching 90% by 2028.
- Macerich has a Signed Not Open (SNO) pipeline potential of approximately $140 million, with $100 million already committed, expected to contribute to future revenue.
- Significant progress has been made on leverage reduction through asset sales, with ~$1.4-$1.5 billion achieved towards a $2 billion goal as of December 8, 2025.
Dec 8, 2025, 10:27 PM
Macerich Reports Strong Q3 2025 Operational Performance and Balance Sheet Progress
MAC
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Macerich reported strong operational performance in Q3 2025, with portfolio sales reaching $867 per sq ft (up almost 4% from Q3 2024) and go-forward portfolio occupancy at 94.3% (up 150 basis points from last quarter). The company achieved significant leasing momentum, signing 1.5 million sq ft of new and renewal leases in Q3 2025, an 87% increase from Q3 2024, and grew its SNO pipeline to $99 million, on pace to exceed its $100 million year-end target.
- For Q3 2025, adjusted FFO was approximately $93.35 per share, and Go-Forward Portfolio Centers NOI, excluding lease termination income, increased 1.7% compared to Q3 2024.
- The company made substantial progress on its balance sheet, paying down almost $1 billion of 2026 debt maturities and reducing net debt to EBITDA to 7.76 times. Total mall dispositions reached almost $1.2 billion to date, with the company on track to complete its $2 billion disposition program by the end of 2026. Additionally, Macerich sold 2.8 million shares for approximately $50 million in net proceeds via its ATM program during the quarter.
Nov 4, 2025, 10:00 PM
Macerich Reports Q3 2025 Results and Capital Activity
MAC
Earnings
M&A
Debt Issuance
- Macerich reported a net loss attributable to the Company of $(87.4) million and diluted EPS of $(0.34) for Q3 2025. Funds From Operations (FFO) per share was $0.33.
- As of September 30, 2025, portfolio occupancy stood at 93.4%, and the company achieved a 5.9% increase in base rent re-leasing spreads for the trailing twelve months. Leases were signed for 1.5 million square feet in Q3 2025, an 81% increase compared to Q3 2024.
- During Q3 2025, Macerich completed significant capital transactions, including the sale of Atlas Park for $72 million, Lakewood Center for $332 million, and Valley Mall for $22 million. The company also secured a $160 million term loan for Crabtree Mall and raised approximately $50 million through its at-the-market (ATM) program.
- Macerich reported approximately $1 billion of liquidity as of September 30, 2025, which included $650 million of available capacity on its revolving line of credit. The company also announced a quarterly cash dividend of $0.17 per share on October 30, 2025.
Nov 4, 2025, 9:13 PM
Quarterly earnings call transcripts for MACERICH.
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