secwatch.observer — SEC 8-K summary
======================================

Issuer:     MACERICH CO (MAC)
CIK:        0000912242
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0000912242-24-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Macerich Q4 net income jumps to $62.2M from $1.7M; record leasing, occupancy 93.5%
--------------------------------------------------------------------------------

- Net income $62.2M ($0.29 diluted) vs $1.7M ($0.01) in Q4 2022; FFO $0.56/share vs $0.53
- Same-center NOI (ex lease term income) up 3.0% in Q4, 4.5% for full year 2023
- Portfolio occupancy 93.5% (up 90bps YoY); base rent re-leasing spreads +17.2% for 2023
- Jackson Hsieh named President & CEO effective March 1, 2024, succeeding retiring Thomas O'Hern
- 2024 guidance: EPS ($0.08)-$0.02, FFO $1.75-$1.85; quarterly dividend $0.17 payable March 4

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912242/000091224224000005/0000912242-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912242/000091224224000005/mac-20240207.htm
  HTML page:      https://secwatch.observer/filing/0000912242-24-000005

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