---
schema_version: "secwatch.filing_event.v1"
accession: "0000912242-23-000023"
form_type: "8-K"
ticker: "MAC"
cik: "0000912242"
company_name: "MACERICH CO"
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T05:23:46.063755+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Macerich Q3 net loss $262.5M on $252M impairments; same-center NOI +4.8%

## Summary
- Net loss $262.5M ($1.22 diluted) vs $15.2M loss a year ago; driven by $107.7M impairment on Country Club Plaza and $144.7M on Fashion Outlets of Niagara.
- FFO excluding certain items was $99.1M ($0.44/diluted) vs $102.8M ($0.46) prior year.
- Portfolio occupancy improved to 93.4% (up 1.3% YoY); same-center NOI ex-lease term income +4.8% in Q3.
- FY 2023 EPS guidance reduced to ($1.52)–($1.46); FFO per share guidance maintained at $1.77–$1.83 excluding items.
- Quarterly dividend $0.17/share payable Dec 1, 2023; liquidity ~$665M with $515M revolver available.

## SEC filing metadata
- accession: 0000912242-23-000023
- form_type: 8-K
- ticker: MAC
- cik: 0000912242
- company_name: MACERICH CO
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/912242/000091224223000023/0000912242-23-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912242/000091224223000023/mac-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000912242-23-000023
- JSON: https://secwatch.observer/filing/0000912242-23-000023.json
- Plain text: https://secwatch.observer/filing/0000912242-23-000023.txt

## Key facts
- Earnings Releases
  MACERICH CO reported the three and nine months ended September 30, 2023 results: net income $262.5 million or $1.22 per share-diluted. Guidance reaffirmed.
  - Period: the three and nine months ended September 30, 2023
  - Net income: $262.5 million or $1.22 per share-diluted
  - Guidance: reaffirmed
  - Result: reported results
  source text: The net loss attributable to the Company was $262.5 million or $1.22 per share-diluted during the third quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/912242/000091224223000023/0000912242-23-000023-index.htm

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