For Q1 FY2026 ended March 31, 2026, Macerich reported revenue of $241.5 million, down 3.1% year-over-year. Net loss improved to $36.4 million from $50.1 million a year ago, a 27.5% improvement. Diluted EPS was -$0.14, up 30% from -$0.20 in Q1 FY2025. The company had cash of $182.0 million, total equity of $2.44 billion, and long-term debt of $4.85 billion as of quarter end.
•Revenue decreased 3.1% YoY to $241.5 million.
•Net loss narrowed 27.5% to $36.4 million.
•Diluted EPS improved 30% to -$0.14.
•Long-term debt stood at $4.85 billion.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
The Macerich Company is a fully integrated, self-managed, self-administered real estate investment trust (REIT). As a leading owner, operator, and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor.
Developing and managing properties that serve as community cornerstones, Macerich currently owns approximately 41 million square feet of real estate, consisting primarily of interests in 39 retail centers. The Macerich Company was incorporated in 1964 in Maryland and is based in Santa Monica, California.
The Macerich Company is a fully integrated, self-managed, self-administered real estate investment trust (REIT) that focuses on owning, operating, and developing high-quality retail real estate in densely populated and attractive U.S. markets. Its portfolio includes interests in 39 retail centers, primarily regional malls and shopping centers, totaling approximately 41 million square feet. Macerich's properties serve as community cornerstones, offering a mix of retail, dining, entertainment, and lifestyle experiences. The company's strategy emphasizes prime locations in major metropolitan areas, with a concentration in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor.
On which stock exchange is Macerich (MAC) listed and in what currency?
The Macerich Company trades on the New York Stock Exchange (NYSE) under the ticker symbol MAC. Its shares are denominated in U.S. dollars (USD), reflecting its status as a U.S.-based company. As a publicly traded REIT, Macerich provides investors with exposure to the retail real estate sector through its portfolio of shopping centers and malls. The NYSE listing ensures liquidity and regulatory oversight, making it accessible to both institutional and retail investors.
What sector and industry does Macerich (MAC) operate in?
Macerich operates in the Real Estate sector, specifically within the REIT - Retail industry. As a real estate investment trust, it is structured to own and manage income-producing retail properties, such as shopping malls and lifestyle centers. The REIT structure requires Macerich to distribute at least 90% of its taxable income to shareholders as dividends, making it a popular choice for income-focused investors. The retail focus means its performance is closely tied to consumer spending trends, retail tenant health, and foot traffic at its properties.
Where is Macerich (MAC) headquartered and what are its key markets?
The Macerich Company is headquartered in Santa Monica, California, and was incorporated in Maryland in 1964. Its key markets are concentrated in densely populated U.S. regions: California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. These areas are characterized by high population density, strong economic activity, and attractive demographics, which support the company's retail properties. Macerich's portfolio of 39 retail centers is strategically located in these markets, positioning it as a leading owner and operator of retail real estate in the United States.
How does Macerich (MAC) generate revenue and what is its business model?
Macerich generates revenue primarily through leasing space in its retail properties to tenants, which include national and local retailers, restaurants, entertainment venues, and service providers. As a fully integrated, self-managed, and self-administered REIT, it handles property management, leasing, development, and redevelopment in-house. The company earns rental income from long-term leases, often with escalations, and also benefits from percentage rents based on tenant sales. Additionally, Macerich may generate income from parking, advertising, and other ancillary services. Its focus on high-quality, well-located retail centers in major U.S. markets helps maintain high occupancy rates and stable cash flows.