secwatch.observer — SEC 8-K summary
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Issuer:     MACERICH CO (MAC)
CIK:        0000912242
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0000912242-26-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912242/000091224226000009/0000912242-26-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912242/000091224226000009/mac-20260218.htm
  HTML page:      https://secwatch.observer/filing/0000912242-26-000009

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