secwatch.observer — SEC 8-K summary
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Issuer:     MACERICH CO (MAC)
CIK:        0000912242
Form:       8-K
Filed at:   2025-08-11T23:59:59+00:00
Accession:  0000912242-25-000066
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Macerich Q2 net loss $40.9M; FFO adj $0.33; acquires Crabtree Mall for $290M
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- Net loss attributable to company $40.9M ($0.16 diluted) vs net income $252.0M prior year due to Chandler Fashion Center gain.
- Adjusted FFO (ex-items) $87.3M ($0.33/diluted) vs $88.1M ($0.39) prior year.
- Go-Forward Portfolio NOI up 2.4% YoY; portfolio occupancy 92.0% (down 1.4pp YoY, driven by Forever 21 closures).
- Leased 1.7M sq ft in Q2 (+137% YoY); base rent re-leasing spreads +10.5% TTM.
- Acquired Crabtree Mall (Raleigh, NC) for ~$290M on June 23; closed $160M term loan at SOFR+250 on August 7.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912242/000091224225000066/0000912242-25-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912242/000091224225000066/mac-20250811.htm
  HTML page:      https://secwatch.observer/filing/0000912242-25-000066

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