---
schema_version: "secwatch.filing_event.v1"
accession: "0000912242-26-000009"
form_type: "8-K"
ticker: "MAC"
cik: "0000912242"
company_name: "MACERICH CO"
filed_at: "2026-02-18T23:59:59+00:00"
generated_at: "2026-05-16T02:17:22.362151+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Macerich Q4 net loss narrows to $18.8M; FFO per share $0.48; record leasing

## Summary
- Q4 net loss $18.8M vs $211.2M loss in Q4 2024; FFO ex-items $128.9M ($0.48) vs $116.7M ($0.47).
- Go-Forward Portfolio NOI ex-lease term income up 1.7% Q4; 1.8% for FY 2025.
- Portfolio tenant sales per sq ft $881 TTM Dec 2025 vs $837 prior year; leased occupancy 94.0%.
- Signed 7.1M sq ft of leases in FY 2025 (85% YoY increase, company record); re-leasing spreads +6.7%.
- Completed $1.3B dispositions in 2025; liquidity ~$990M; quarterly dividend $0.17 payable Mar 30.

## SEC filing metadata
- accession: 0000912242-26-000009
- form_type: 8-K
- ticker: MAC
- cik: 0000912242
- company_name: MACERICH CO
- filed_at: 2026-02-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/912242/000091224226000009/0000912242-26-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912242/000091224226000009/mac-20260218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000912242-26-000009
- JSON: https://secwatch.observer/filing/0000912242-26-000009.json
- Plain text: https://secwatch.observer/filing/0000912242-26-000009.txt

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