secwatch.observer — SEC 8-K summary
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Issuer:     MACERICH CO (MAC)
CIK:        0000912242
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0000912242-22-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Macerich Q2 net loss $15.4M; FFO $0.46; same-center NOI +5.4%; occupancy 91.8%
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- Net loss $15.4M ($0.07 diluted) vs $11.8M loss in Q2 2021; FFO ex Chandler $102.9M ($0.46) vs $127.6M ($0.59).
- Same-center NOI excl lease termination +5.4% YoY; incl lease term +7.8%.
- Portfolio occupancy 91.8% (up 2.4pp YoY); record trailing sales $860/sqft.
- Signed 274 leases for 1.2M sqft (+27% count, +74% sqft YoY); re-leasing spreads +0.6%.
- 2022 FFO guidance narrowed to $1.92-$2.04 per share (midpoint increased); quarterly dividend $0.15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912242/000091224222000020/0000912242-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912242/000091224222000020/mac-20220728.htm
  HTML page:      https://secwatch.observer/filing/0000912242-22-000020

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