Macerich Q1 net loss narrows to $36.4M; FFO as adjusted flat at $0.34/share

MACERICH CO

2026-Q1 EPS reported -$0.14 vs consensus -$0.11 ▼ miss (-26.0%)

Net loss of $36.4M ($0.14 diluted) vs $50.1M loss ($0.20) in Q1 2025.
FFO as adjusted $92.4M ($0.34/diluted), flat YoY; includes $10.1M gain on undepreciated asset sales.
Portfolio leased occupancy 93.4% (+0.8% YoY); signed leases for 1.6M sq ft in Q1.
Acquired Annapolis Mall for $260M plus $12M for Sears parcel, funded with cash and credit line.
Closed $900M revolver (up from $650M), extended to March 2030; $780M liquidity post-quarter.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MACERICH CO reported the three months ended March 31, 2026 results: net income $36.4 million, or $0.14 per share-diluted.

Period: the three months ended March 31, 2026
Net income: $36.4 million, or $0.14 per share-diluted
Result: reported results

Exact text from the filing

The net loss attributable to the Company was $36.4 million, or $0.14 per share-diluted, during the first quarter of 2026

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Source: SEC EDGAR

accession 0000912242-26-000020

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