secwatch.observer — SEC 8-K summary
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Issuer:     MACERICH CO (MAC)
CIK:        0000912242
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0000912242-26-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912242/000091224226000020/0000912242-26-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912242/000091224226000020/mac-20260506.htm
  HTML page:      https://secwatch.observer/filing/0000912242-26-000020

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