---
schema_version: "secwatch.filing_event.v1"
accession: "0000912242-24-000120"
form_type: "8-K"
ticker: "MAC"
cik: "0000912242"
company_name: "MACERICH CO"
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:44:32.574335+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Macerich posts Q2 net income $252M vs loss year ago; defaults on $300M loan, withdraws guidance

## Summary
- Net income of $252M ($1.16 diluted EPS) vs net loss of $15M in Q2 2023; core FFO per share $0.39 vs $0.40.
- Same-center NOI up 1.4% (ex-lease term income); portfolio occupancy 93.3% (+70 bps YoY).
- Defaulted on $300M Santa Monica Place loan; negotiations underway with lender.
- Sold Country Club Plaza for $175.6M with loan forgiveness; expects to sell open-air asset for $110M at 6.5% cap rate.
- Withdrew 2024 guidance due to Path Forward Plan uncertainty; quarterly dividend $0.17/share sustained.

## SEC filing metadata
- accession: 0000912242-24-000120
- form_type: 8-K
- ticker: MAC
- cik: 0000912242
- company_name: MACERICH CO
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/912242/000091224224000120/0000912242-24-000120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912242/000091224224000120/mac-20240731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000912242-24-000120
- JSON: https://secwatch.observer/filing/0000912242-24-000120.json
- Plain text: https://secwatch.observer/filing/0000912242-24-000120.txt

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