Highest-materiality recent filing
Macerich issues $775M of 2.25% exchangeable notes due 2031; net proceeds ~$757M
$775M aggregate 2.25% exchangeable senior notes due 2031 issued, incl. $100M option exercise; guaranteed by Macerich on senior unsecured basis.
Macerich Q2 net loss narrows to $27.1M; FFO as adjusted $0.35; acquires Annapolis Mall for $260M
Net loss attributable to company $27.1M ($0.10 diluted) vs $40.9M loss in Q2 2025; FFO as adjusted $100.4M ($0.35) vs $88.7M ($0.34).
Macerich closes additional 2.1M share forward sale at $23.12 per share
Underwriters exercised option for 2.1M shares at $23.12325/share; closed June 26.
Macerich closes 14M share forward sale at $23.12; proceeds for acquisitions
Forward sale of 14M shares at $23.12325 via Goldman, Deutsche Bank, JPMorgan, Morgan Stanley.
Macerich Q1 net loss narrows to $36.4M; FFO as adjusted flat at $0.34/share
Net loss of $36.4M ($0.14 diluted) vs $50.1M loss ($0.20) in Q1 2025.
Macerich Q4 net loss narrows to $18.8M; FFO per share $0.48; record leasing
Q4 net loss $18.8M vs $211.2M loss in Q4 2024; FFO ex-items $128.9M ($0.48) vs $116.7M ($0.47).
Macerich Q2 net loss $40.9M; FFO adj $0.33; acquires Crabtree Mall for $290M
Net loss attributable to company $40.9M ($0.16 diluted) vs net income $252.0M prior year due to Chandler Fashion Center gain.
Macerich acquires Crabtree Mall in Raleigh, NC for $290M; initial yield ~11%
Acquisition of 1.3M sq ft Class A mall in Raleigh, NC for $290M funded with cash on hand and $100M revolver.
Macerich Q1 net loss narrows to $0.20/share; same-center NOI up 0.9%
Net loss of $50.1M ($0.20/share-diluted) vs loss of $126.7M ($0.59) in Q1 2024.
Macerich posts Q4 net loss of $211.2M, FFO per share down; executes $454M equity offering
Q4 2024 net loss of $211.2M ($0.89 diluted) vs net income of $62.2M ($0.29) in Q4 2023.
Macerich closes ~$439M net equity offering to repay $478M Washington Square mortgage
Issued 23M shares plus fully exercised 3M over-allotment at $19.75 per share.
Macerich launches $500M at-the-market equity offering to repay debt
New ATM program allows sale of up to $500M of common stock through multiple agents (JPM, Deutsche, Goldman, BMO, TD).
Macerich Q3 net loss narrows to $108M; FFO $0.38/sh, same-center NOI +1.9%
Q3 net loss $108.2M ($0.50/sh) vs $262.5M loss ($1.22/sh) in Q3 2023.
Macerich appoints Daniel Swanstrom as CFO; Scott Kingsmore to depart Dec 31, 2024
Dan Swanstrom appointed CFO effective Nov 16, 2024; base salary $600K, target bonus 125% of salary, sign-on LTIP grant $1.5M vesting over 3 years.
Macerich posts Q2 net income $252M vs loss year ago; defaults on $300M loan, withdraws guidance
Net income of $252M ($1.16 diluted EPS) vs net loss of $15M in Q2 2023; core FFO per share $0.39 vs $0.40.
Macerich Q1 net loss widens to $126.7M; withdraws 2024 guidance; defaults on $300M loan
Net loss attributable to Macerich was $126.7M ($0.59 diluted loss per share) in Q1 2024 vs $58.7M loss ($0.27) in Q1 2023.
Macerich appoints Jackson Hsieh as CEO/President, adds him to Board effective March 1, 2024
Board size increased from 9 to 10 to create vacancy for new director.
Macerich Q4 net income jumps to $62.2M from $1.7M; record leasing, occupancy 93.5%
Net income $62.2M ($0.29 diluted) vs $1.7M ($0.01) in Q4 2022; FFO $0.56/share vs $0.53
Macerich names Jackson Hsieh CEO; O'Hern, Coppola retire Feb 29
Jackson Hsieh appointed CEO and President effective March 1, 2024; succeeds Tom O'Hern (30 yrs) and Ed Coppola (46 yrs).
Macerich Q3 net loss $262.5M on $252M impairments; same-center NOI +4.8%
Net loss $262.5M ($1.22 diluted) vs $15.2M loss a year ago; driven by $107.7M impairment on Country Club Plaza and $144.7M on Fashion Outlets of Niagara.
Macerich Q2 net loss $15M; same center NOI up 5.6%; FFO $0.40/share, guidance narrowed
Q2 net loss $15M ($0.07/diluted) vs $15.4M loss; FFO ex-Chandler Freehold $88.7M ($0.40) down from $102.9M ($0.46).
Macerich Q1 2023 net loss widens to $58.7M; same-center NOI up 4.8% ex lease term
Net loss attributable to company $58.7M ($0.27/diluted) vs loss $37.2M ($0.17/diluted) in Q1 2022.
Macerich Q4 2022: FFO $0.53, same-center NOI +2.0%, occupancy 92.6%
Net income $1.7M ($0.01 diluted EPS) vs net loss $17.1M in Q4 2021.
Macerich Q3 net loss of $15.2M; FFO $0.46 per share; dividend raised 13.3% to $0.17
Net loss attributable to company $15.2M ($0.07 diluted) vs net income $106.7M ($0.50) in Q3 2021.
Macerich Q2 net loss $15.4M; FFO $0.46; same-center NOI +5.4%; occupancy 91.8%
Net loss $15.4M ($0.07 diluted) vs $11.8M loss in Q2 2021; FFO ex Chandler $102.9M ($0.46) vs $127.6M ($0.59).
Macerich reports Q1 2022: net loss narrows to $37.2M, FFO per share $0.50, occupancy 91.3%
Net loss $37.2M ($0.17/diluted share) vs $63.6M loss ($0.40) in Q1 2021.
Macerich Q4 net loss narrows to $0.08 per share; same-center NOI up 36.1%
Net loss attributable to Macerich was $17.1M ($0.08/diluted share) vs. $190.4M loss ($1.27) in Q4 2020.
On March 12, 2025, Eric K. Brandt advised the Board of Directors (the “Board”) of The Macerich Company (the “Company”) that he will not stand for re-election as a director of the Company at the 2025 annual meeting of stockholders (the “2025 Annual Meeting”).
elected Mr. Devin I. Murphy to the Board effective February 1, 2025.
Scott W. Kingsmore, the Company’s current Senior Executive Vice President, Chief Financial Officer and Treasurer, will be departing the Company effective as of December 31, 2024.
Daniel E. Swanstrom II will be appointed to the role of Senior Executive Vice President, Chief Financial Officer and Treasurer, effective as of November 16, 2024.
the Board of Directors (the “Board”) of The Macerich Company (the “Company”), upon the recommendation of its Nominating and Corporate Governance Committee (the “Committee”), elected Ms. Diana M. Laing to the Board.
On March 20, 2024, Peggy Alford advised the Board of Directors (the “Board”) of The Macerich Company (the “Company”) that she will not stand for re-election as a director of the Company at the 2024 annual meeting of stockholders (the “2024 Annual Meeting”) in order to focus on other commitments.
unanimously appointed Jackson Hsieh to fill the newly created vacancy, effective concurrently with his appointment to the role of Chief Executive Officer and President on March 1, 2024.
unanimously appointed Jackson Hsieh to fill the newly created vacancy, effective concurrently with his appointment to the role of Chief Executive Officer and President on March 1, 2024.
Edward C. Coppola, the Company’s current President, will also be retiring effective as of February 29, 2024
Thomas E. O’Hern, the Company’s current Chief Executive Officer, will be retiring effective as of February 29, 2024
On February 5, 2024, The Macerich Company (the “Company”) announced that Jackson Hsieh will be appointed to the role of Chief Executive Officer and President, effective as of March 1, 2024.
On December 2, 2023, Mr. Steven Soboroff provided notice of his retirement from the Board of Directors (the “Board”) of The Macerich Company (the “Company”) effective December 31, 2023.
Max materiality 0.90 · Median 0.60 · Most common event earnings