Macerich Q1 net loss narrows to $0.20/share; same-center NOI up 0.9%

MACERICH CO

2025-Q1 EPS reported -$0.20 revenue$249,224,000

Net loss of $50.1M ($0.20/share-diluted) vs loss of $126.7M ($0.59) in Q1 2024.
Adjusted FFO per share flat at $0.33; same-center NOI increased 0.9% YoY.
Portfolio occupancy 92.6%, down from 93.4% YoY; leasing volume up 156% with 2.6M sq ft signed.
Closed $340M mortgage on Washington Square at 5.58% fixed; used to repay FlatIron mortgage and revolver.
Sold Wilton Mall ($25M) and SouthPark ($11M); liquidity $995M.

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