---
schema_version: "secwatch.filing_event.v1"
accession: "0000912242-23-000010"
form_type: "8-K"
ticker: "MAC"
cik: "0000912242"
company_name: "MACERICH CO"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:50:29.036773+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Macerich Q1 2023 net loss widens to $58.7M; same-center NOI up 4.8% ex lease term

## Summary
- Net loss attributable to company $58.7M ($0.27/diluted) vs loss $37.2M ($0.17/diluted) in Q1 2022.
- FFO (ex-Chandler Freehold) $88.7M ($0.40/diluted) vs $112.4M ($0.50/diluted) in Q1 2022.
- Same-center NOI ex lease termination +4.8%; occupancy 92.2% (up from 91.3% a year ago).
- Re-leasing spreads 6.6% vs 4.0% at year-end 2022; leasing volume up 59% sq ft vs Q1 2022.
- EPS diluted guidance lowered to ($0.32)-($0.22); FFO/diluted maintained $1.75-$1.85; dividend $0.17.

## SEC filing metadata
- accession: 0000912242-23-000010
- form_type: 8-K
- ticker: MAC
- cik: 0000912242
- company_name: MACERICH CO
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/912242/000091224223000010/0000912242-23-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912242/000091224223000010/mac-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000912242-23-000010
- JSON: https://secwatch.observer/filing/0000912242-23-000010.json
- Plain text: https://secwatch.observer/filing/0000912242-23-000010.txt

## Key facts
- Earnings Releases
  MACERICH CO reported the three months ended March 31, 2023 results: net income net loss attributable to the Company was $58.7 million or $0.27 per share-diluted, EPS $0.27 per share-diluted. Guidance lowered.
  - Period: the three months ended March 31, 2023
  - Net income: net loss attributable to the Company was $58.7 million or $0.27 per share-diluted
  - EPS: $0.27 per share-diluted
  - Guidance: lowered
  - Result: reported results
  source text: the net loss attributable to the Company was $58.7 million or $0.27 per share-diluted during the first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/912242/000091224223000010/0000912242-23-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.