SANTA MONICA, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) today announced the tax treatment for dividend distributions taxable in 2024 on its Common Stock. During the calendar year ended December 31, 2024, Macerich paid dividends of $.68 per share. The 2024 dividends are classified for income tax purposes as follows for The Macerich Company, Common Stock, CUSIP # 554382101: Record DatePayable DateRate per Share2024 Taxable Ordinary Dividends2024 Section 199A Dividends*2024 Qua ...

Shares of Macerich (MAC) have rallied 20.7% over the past six months, outperforming the industry's 3.1% growth.Macerich enjoys a portfolio of premium shopping centers in the United States. With a decent leasing pipeline, MAC is likely to continue witnessing healthy leasing activity at its properties in the quarters ahead, driving occupancy.Its focus on omnichannel retailing is likely to support its long-term growth. The balance sheet strengthening efforts will lower its leverage. However, tenant bankruptcy ...

Macerich (NYSE: MAC ) is up a remarkable 38% over the past year, bucking the late 2024 REIT selloff as management continues to execute its Path Forward Strategy. MAC is targeting a $2 billion reduction in long-term debt and is roughly 60% of the way thereThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth comp ...

Shares of Macerich (MAC) have rallied 29.6% over the past three months, outperforming the industry's upside of 1.6%.Macerich enjoys a portfolio of premium shopping centers in the United States. The company is witnessing healthy demand for its assets as evidenced by its strong leasing activity. Its focus on omnichannel retailing is likely to support its long-term growth. The balance sheet strengthening efforts will likely lower its leverage.In October 2024, the company acquired its partner’s 40% interest in ...

In this articleMACSay hello to life at the mall. The classic American mall is undergoing a dramatic transformation as real estate developers swap out dying department stores for apartments, ushering in an era where living at the mall could soon become a new norm.Some U.S. developers are knocking down department stores like Macy's or JCPenney and using the spaces and their parking lots to put up apartment buildings next to the mall or connected to it via walkways and green spaces. In other cases, they've bui ...

SANTA MONICA, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company” or “Macerich”) announced today that it has priced an underwritten public offering of 20,000,000 shares of common stock at a price to public of $19.75 per share for expected gross proceeds of approximately $395.0 million. The Company has also granted the underwriters a 30-day option to purchase up to 3,000,000 additional shares of its common stock. This reflects an upsizing of the previously announced offe ...

SANTA MONICA, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company” or “Macerich”) announced today that it has commenced an underwritten public offering of 18,000,000 shares of common stock. The Company expects to grant the underwriters a 30-day option to purchase up to 2,700,000 additional shares of its common stock. The Company intends to use the net proceeds of this offering together with cash on hand, including from recent sales under the Company’s “at the market” off ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File No.: 1-12504 THE MACERICH COMPANY (Exact name of registrant as specified in its charter) Maryland 95-4448705 (State or other ...

Macerich (MAC) reported funds from operations (FFO) per share, excluding financing expenses in connection with Chandler Freehold, accrued default interest expense and loss on non-real estate investments of 38 cents, which missed the Zacks Consensus Estimate of 40 cents. The figure decreased 15.6% from the year-ago quarter’s 45 cents.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflected higher interest expenses on a year-over-year basis. However, this retail REIT experien ...

The Macerich Company (NYSE:MAC) Q3 2024 Earnings Conference Call November 5, 2024 11:00 PM ET Company Participants Samantha Greening - Director of IR Jack Hsieh - President, CEO and Director Doug Healey - SEVP of Leasing Scott Kingsmore - SEVP, CFO and Treasurer Conference Call Participants Jeffrey Spector - Bank of America Securities Floris van Dijkum - Compass Point Craig Mailman - Citi. Samir Khanal - Evercore Alexander Goldfarb - Piper Sandler Michael Mueller - JPMorgan Linda Tsai - Jefferies Caitlin Bu ...