---
schema_version: "secwatch.filing_event.v1"
accession: "0000912242-25-000021"
form_type: "8-K"
ticker: "MAC"
cik: "0000912242"
company_name: "MACERICH CO"
filed_at: "2025-02-27T23:59:59+00:00"
generated_at: "2026-05-26T02:57:44.984415+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Macerich posts Q4 net loss of $211.2M, FFO per share down; executes $454M equity offering

## Summary
- Q4 2024 net loss of $211.2M ($0.89 diluted) vs net income of $62.2M ($0.29) in Q4 2023.
- Adjusted FFO per share fell to $0.47 from $0.57 YoY; same-center NOI declined 0.4% in Q4.
- Portfolio occupancy rose to 94.1% (up 60 bps YoY); trailing 12-month tenant sales $837/sq ft.
- Completed public offering of 23M shares at $19.75 for gross $454M; used proceeds to repay $478M Washington Square loan.
- Acquired partner's 40% interest in PPRT for $122M (7.4% cap rate); sold The Oaks for $157M.

## SEC filing metadata
- accession: 0000912242-25-000021
- form_type: 8-K
- ticker: MAC
- cik: 0000912242
- company_name: MACERICH CO
- filed_at: 2025-02-27T23:59:59+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/912242/000091224225000021/0000912242-25-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912242/000091224225000021/mac-20250227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000912242-25-000021
- JSON: https://secwatch.observer/filing/0000912242-25-000021.json
- Plain text: https://secwatch.observer/filing/0000912242-25-000021.txt

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