The Macerich Company (NYSE:MAC) Q2 2022 Earnings Conference Call July 28, 2022 1:00 PM ET Company Participants Samantha Greening - Director of Investor Relations Tom O'Hern - Chief Executive Officer Scott Kingsmore - Senior Executive Vice President and Chief Financial Officer Doug Healey - Senior Executive Vice President of Leasing Conference Call Participants Greg McGinniss - Scotiabank Derek Johnston - Deutsche Bank Craig Schmidt - Bank of America Floris Van Dijkum - Compass Point Alexander Goldfarb - Pip ...

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 March 31, 2022 ☐ 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 juri ...

The Macerich Company (NYSE:MAC) Q1 2022 Earnings Conference Call May 9, 2022 1:00 PM ET Company Participants Samantha Greening - Director of Investor Relations Thomas O'Hern - CEO & Director Scott Kingsmore - Senior EVP, CFO & Treasurer Douglas Healey - Senior EVP & Head of Leasing Conference Call Participants Derek Johnston - Deutsche Bank Craig Schmidt - BofA Securities Samir Khanal - Evercore ISI Floris Van Dijkum - Compass Point Research Linda Tsai - Jefferies Mike Mueller - JPMorgan Ki Bin Kim - T ...

Financial Transactions - The Company sold Paradise Valley Mall for $100 million, resulting in a gain of approximately $5.6 million, and reinvested $95.3 million to pay down its line of credit[13]. - The Company sold Tucson La Encantada for $165.3 million, resulting in a gain of approximately $117.2 million, using net cash proceeds of $100.1 million to pay down debt[14]. - The Company recognized a loss of approximately $28.3 million from the assignment of its joint venture interest in The Shops at North Bridge[15]. - The Company closed on a new credit agreement providing for a $700 million facility, including a $525 million revolving loan and a $175 million term loan[20]. Redevelopment and Capital Expenditures - The Company incurred $106.9 million of the total $427.7 million in costs for the redevelopment of One Westside, with an estimated total project cost of $500 million to $550 million[23]. - The Company anticipates spending between $130 million to $160 million for the redevelopment of several Sears stores, with $40.9 million funded as of December 31, 2021[25]. Dividends and Shareholder Returns - The Company declared a cash dividend of $0.15 per share for each quarter in 2021, with a similar dividend declared for the first quarter of 2022[27]. Portfolio and Property Management - The Company has a total of 49 Centers, including 44 Regional Town Centers and five Community/Power Shopping Centers, totaling approximately 48 million square feet of GLA[43]. - The Company is actively seeking replacement tenants for vacant anchor sites and considering redevelopment opportunities[63]. Lease and Rental Information - For the year ended December 31, 2021, the Centers derived approximately 72% of their total rents from Mall Stores and Freestanding Stores under 10,000 square feet[46]. - The average base rent per square foot for Mall Stores and Freestanding Stores under 10,000 square feet was $59.86 in 2021, an increase from $59.63 in 2020[51]. - The average base rent per square foot for Big Box and Anchor tenants was $17.26 in 2021, a slight decrease from $17.58 in 2020[52]. - Scheduled lease expirations for Mall Stores and Freestanding Stores under 10,000 square feet in 2022 include 367 leases, representing 18.39% of total leased GLA[54]. - The average base rent per square foot for expiring leases in 2022 is $57.87, accounting for 16.21% of base rent represented by expiring leases[54]. - The average base rent per square foot on leases executed during 2021 for consolidated centers was $59.86[51]. - The average base rent per square foot on leases expiring during 2021 for consolidated centers was $55.91[51]. - In 2023, the company has 26 leases expiring, representing approximately 648,519 square feet, which is 7.92% of total leased GLA, with an ending base rent of $18.65 per square foot[56]. - For 2024, 28 leases are set to expire, totaling 673,305 square feet, or 8.22% of total leased GLA, with an ending base rent of $25.45 per square foot[56]. - The company anticipates 32 leases expiring in 2025, covering 1,154,741 square feet, which is 14.10% of total leased GLA, with an ending base rent of $13.38 per square foot[56]. Tenant and Employee Information - The top three tenants by total rents as of December 31, 2021, each contributed approximately 2.4% of total rents[48]. - Tenant space of 10,000 square feet and under comprises approximately 63% of all Mall Store and Freestanding Store space[50]. - The company employs approximately 640 individuals, with a turnover rate of 13% in 2021[68][71]. - As of December 31, 2021, approximately 58% of the company's employees were female and 28% were non-white, reflecting its commitment to diversity and inclusion[70]. Health and Safety - The company has established operational protocols to ensure health and safety at its centers, achieving SafeGuard certification from Bureau Veritas[72]. Industry Trends and Performance - The shopping center industry is seasonal, with the fourth quarter typically seeing the highest occupancy and retail sales, impacting earnings positively during this period[73]. - The Company expects the COVID-19 pandemic to continue negatively impacting its results for 2022 due to reduced occupancy and additional Anchor closures[26]. Debt and Interest Rate Management - As of December 31, 2021, the total fixed rate debt for Consolidated Centers was $3.8 billion, with an average interest rate of 3.94%[322]. - The total floating rate debt for Consolidated Centers was $738.9 million, with an average interest rate of 2.61% as of December 31, 2021[322]. - A 1% increase in interest rates is expected to decrease future earnings and cash flows by approximately $8.4 million per year based on $843.3 million of floating rate debt outstanding[326]. - The Company's pro rata share of Unconsolidated Joint Venture Centers' fixed rate debt was $2.8 billion as of December 31, 2021, with an average interest rate of 3.83%[323]. - The Company has two interest rate cap agreements in place to manage interest rate risk[325]. - The total debt for Consolidated Centers was $4.55 billion as of December 31, 2021[322]. - The Company plans to transition its LIBOR-based borrowings to a replacement rate by June 30, 2023, due to the discontinuation of LIBOR[329]. - The average interest rate on fixed rate debt for Unconsolidated Joint Venture Centers was 3.83% as of December 31, 2021, compared to 3.82% in 2020[323]. - The Company’s total floating rate debt for Unconsolidated Joint Venture Centers was $104.3 million as of December 31, 2021, with an average interest rate of 2.60%[323]. Sustainability and Recognition - The Company achieved a 1 GRESB ranking in the North American Retail Sector for seven consecutive years from 2015 to 2021, highlighting its leadership in sustainability[74].

The Macerich Company (NYSE:MAC) Q4 2021 Earnings Conference Call February 10, 2022 1:00 PM ET Company Participants Samantha Greening - Director of Investor Relations Thomas O'Hern - CEO & Director Scott Kingsmore - Senior EVP, CFO & Treasurer Douglas Healey - Senior EVP & Head of Leasing Conference Call Participants Derek Johnston - Deutsche Bank Craig Schmidt - BofA Securities Samir Khanal - Evercore ISI Alexander Goldfarb - Piper Sandler Floris Van Dijkum - Compass Point Linda Tsai - Jefferies Hongli ...

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, 2021 ☐ 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 j ...

Macerich Co (NYSE:MAC) Q3 2021 Earnings Conference Call November 3, 2021 1:00 PM ET Company Participants Thomas O'Hern - CEO & Director Scott Kingsmore - Senior EVP, CFO & Treasurer Douglas Healey - Senior EVP & Head of Leasing Conference Call Participants James Sullivan - BTIG Derek Johnston - Deutsche Bank Craig Schmidt - Bank of America Merrill Lynch Samir Khanal - Evercore ISI Floris Van Dijkum - Compass Point Richard Hill - Morgan Stanley Linda Tsai - Jefferies Michael Mueller - JPMorgan Chase & Co. Gr ...

Start Time: 12:00 January 1, 0000 12:34 PM ET The Macerich Company (NYSE:MAC) Bank of America Securities 2021 Global Real Estate Conference September 22, 2021, 12:00 PM ET Company Participants Tom O’Hern - CEO Scott Kingsmore - Senior EVP, CFO and Treasurer Doug Healey - Senior EVP, Leasing Conference Call Participants Craig Schmidt - Bank of America Craig Schmidt Good afternoon, everyone. Welcome to our conference meeting with The Macerich Company. Macerich is an owner, operator and developer of top retail ...

MACERICH COMPANY OVERVIEW June 30, 2021 I MACERICH® Broadway Plaza, Walnut Creek, CA JCKKE 2 LEGAL DISCLAIMER This document contains statements that constitute forward-looking statements which can be identified by the use of words, such as "will," "expects," "anticipates," "assumes," "believes," "estimated," "guidance, "projects," "scheduled" and similar expressions that do not relate to historical matters, and includes expectations regarding the Company's future operational results as well as development, ...

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 June 30, 2021 ☐ 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 jurisd ...