{"schema_version":"secwatch.filing_event.v1","accession":"0000912242-24-000069","form_type":"8-K","ticker":"MAC","cik":"0000912242","company_name":"MACERICH CO","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.414659+00:00","generated_at":"2026-06-03T05:15:57.812181+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Macerich Q1 net loss widens to $126.7M; withdraws 2024 guidance; defaults on $300M loan","bullets":["Net loss attributable to Macerich was $126.7M ($0.59 diluted loss per share) in Q1 2024 vs $58.7M loss ($0.27) in Q1 2023.","Adjusted FFO was $74.6M ($0.33 per share) vs $95.9M ($0.43) prior year; same-center NOI decreased 1.9%.","Portfolio occupancy 93.4% (up 1.2% YoY); base rent re-leasing spreads +14.7% for TTM; leased 1.04M sq ft (+14% YoY).","Defaulted on $300M non-recourse loan on Santa Monica Place (Apr 9); negotiations with lender ongoing.","Withdrew 2024 EPS and FFO guidance due to strategic plan uncertainty; declared $0.17 quarterly dividend (payable June 3)."],"urls":{"canonical":"https://secwatch.observer/filing/0000912242-24-000069","json":"https://secwatch.observer/filing/0000912242-24-000069.json","markdown":"https://secwatch.observer/filing/0000912242-24-000069.md","text":"https://secwatch.observer/filing/0000912242-24-000069.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/912242/000091224224000069/0000912242-24-000069-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/912242/000091224224000069/mac-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T05:15:57.812181+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2da14c0864e4e5770020c25f7395e5e63089300f","claim":"MACERICH CO reported three months ended March 31, 2024 results: net income -126.7 million, EPS -0.59.","evidence_excerpt":"The net loss attributable to the Company was $126.7 million or $0.59 per share-diluted during the first quarter of 2024, compared to the net loss attributable to the Company of $58.7 million or $0.27 per share-diluted attributable to the Company for the quarter ended March 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/912242/000091224224000069/0000912242-24-000069-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2024"},{"label":"Net income","value":"-126.7 million"},{"label":"EPS","value":"-0.59"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"723b30446a7632a96e2a10cdde9cca53bbd1d84c","claim":"MACERICH CO reported quarter ended March 31, 2023 results: net income -58.7 million, EPS -0.27.","evidence_excerpt":"The net loss attributable to the Company was $126.7 million or $0.59 per share-diluted during the first quarter of 2024, compared to the net loss attributable to the Company of $58.7 million or $0.27 per share-diluted attributable to the Company for the quarter ended March 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/912242/000091224224000069/0000912242-24-000069-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended March 31, 2023"},{"label":"Net income","value":"-58.7 million"},{"label":"EPS","value":"-0.27"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}