secwatch.observer — SEC 8-K summary
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Issuer:     MACERICH CO (MAC)
CIK:        0000912242
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0000912242-23-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912242/000091224223000023/0000912242-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912242/000091224223000023/mac-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000912242-23-000023

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