---
schema_version: "secwatch.filing_event.v1"
accession: "0000912242-23-000019"
form_type: "8-K"
ticker: "MAC"
cik: "0000912242"
company_name: "MACERICH CO"
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T03:30:06.962566+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Macerich Q2 net loss $15M; same center NOI up 5.6%; FFO $0.40/share, guidance narrowed

## Summary
- Q2 net loss $15M ($0.07/diluted) vs $15.4M loss; FFO ex-Chandler Freehold $88.7M ($0.40) down from $102.9M ($0.46).
- Same center NOI (ex-lease term income) +5.6% YoY; occupancy 92.6% (up 0.8pp YoY, 0.4pp QoQ).
- Re-leasing spreads 11.3%; signed 191 leases for 1.4M sq ft in Q2 (+21% sq ft YoY).
- 2023 guidance narrowed: FFO per share $1.77-$1.83 (midpoint unchanged); EPS ($0.32)-($0.26). Dividend $0.17/share.
- Liquidity ~$565M (incl $405M revolver); sold two power centers for $29.1M; bought partner's interest in 5 Sears parcels for $46.7M.

## SEC filing metadata
- accession: 0000912242-23-000019
- form_type: 8-K
- ticker: MAC
- cik: 0000912242
- company_name: MACERICH CO
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/912242/000091224223000019/0000912242-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912242/000091224223000019/mac-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000912242-23-000019
- JSON: https://secwatch.observer/filing/0000912242-23-000019.json
- Plain text: https://secwatch.observer/filing/0000912242-23-000019.txt

## Key facts
- Earnings Releases
  MACERICH CO updated its Full Year 2023 guidance (lowered).
  - Period: Full Year 2023
  - Guidance: lowered
  - Result: guidance update
  source text: At this time, we are narrowing the ranges of our 2023 guidance for both estimated EPS-diluted and FFO per share-diluted, excluding financing expense in connection with Chandler Freehold. This results in a decrease to t
  evidence_url: https://www.sec.gov/Archives/edgar/data/912242/000091224223000019/0000912242-23-000019-index.htm

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