secwatch.observer — SEC 8-K summary
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Issuer:     MACERICH CO (MAC)
CIK:        0000912242
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0000912242-25-000043
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912242/000091224225000043/0000912242-25-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912242/000091224225000043/mac-20250512.htm
  HTML page:      https://secwatch.observer/filing/0000912242-25-000043

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