secwatch.observer — SEC 8-K summary
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Issuer:     MACERICH CO (MAC)
CIK:        0000912242
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000912242-23-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912242/000091224223000010/0000912242-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912242/000091224223000010/mac-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000912242-23-000010

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