secwatch.observer — SEC 8-K summary
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Issuer:     MACERICH CO (MAC)
CIK:        0000912242
Form:       8-K
Filed at:   2022-02-10T23:59:59+00:00
Accession:  0001193125-22-033523
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 $0.08 per share; same-center NOI up 36.1%
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- Net loss attributable to Macerich was $17.1M ($0.08/diluted share) vs. $190.4M loss ($1.27) in Q4 2020.
- FFO (ex-certain items) was $118.7M, or $0.53 per share-diluted, up from $72.9M ($0.45) a year ago.
- Portfolio occupancy rose to 91.5% at Dec 31, 2021, from 89.7% a year ago; Q4 tenant sales +12% vs pre-COVID Q4 2019.
- Full-year 2021 same-center NOI increased 7.3%; 2022 FFO per share guidance set at $1.85-$2.05.
- Declared quarterly dividend of $0.15/share payable March 3, 2022; repaid $1.7B debt in 2021 (20% reduction).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912242/000119312522033523/0001193125-22-033523-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912242/000119312522033523/d147441d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-033523

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