secwatch.observer — SEC 8-K summary
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Issuer:     MACERICH CO (MAC)
CIK:        0000912242
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0000912242-22-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Macerich reports Q1 2022: net loss narrows to $37.2M, FFO per share $0.50, occupancy 91.3%
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- Net loss $37.2M ($0.17/diluted share) vs $63.6M loss ($0.40) in Q1 2021.
- FFO (ex-Chandler Freehold) $112.4M ($0.50/diluted share), up 12.8% per share YoY.
- Same-center NOI (ex-lease term income) up 24.7% YoY; portfolio occupancy 91.3% vs 88.5% a year ago.
- Trailing twelve-month sales per sq ft $843, record high; signed 220 leases (+22% YoY).
- 2022 FFO guidance narrowed to $1.90-$2.04/sh ex-Chandler Freehold; quarterly dividend $0.15/sh.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912242/000091224222000012/0000912242-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912242/000091224222000012/mac-20220509.htm
  HTML page:      https://secwatch.observer/filing/0000912242-22-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer