Core Points - Macerich has appointed Devin Murphy to its Board of Directors, effective February 1, 2025, bringing nearly three decades of investment banking experience [1][3] - With Murphy's addition, Macerich's Board will consist of nine directors, eight of whom are independent [2] - Murphy previously served as President of Phillips Edison & Company and has extensive experience in the retail REIT sector [3] - He held senior leadership roles at Morgan Stanley and Deutsche Bank, where he was the Global Head of Real Estate Investment Banking, executing over 500 transactions totaling over $400 billion [4] - Macerich's Path Forward plan aims to enhance performance and add long-term value for stakeholders, focusing on simplifying business operations, improving performance, and reducing leverage [5] - Murphy expressed his commitment to supporting Macerich's strategy, which emphasizes a stronger balance sheet and concentration on prime properties [6] - Macerich is a leading self-managed REIT with a portfolio of 43 million square feet, primarily in high-demand U.S. markets [8]

Group 1 - The Macerich Company announced the tax treatment for dividend distributions taxable in 2024, with a total dividend of $0.68 per share for the year ended December 31, 2024 [1] - The dividend payments are classified into various categories, including ordinary dividends, qualified dividends, capital gain distributions, and nondividend distributions [1] - The company paid dividends on four separate dates in 2024, each at a rate of $0.17 per share, with specific amounts allocated to each tax category [1] Group 2 - Macerich is a fully integrated, self-managed, self-administered real estate investment trust (REIT) focused on high-quality retail real estate in densely populated U.S. markets [2] - The company's portfolio includes 43 million square feet of real estate, primarily consisting of interests in 40 retail centers, concentrated in regions such as California and the Metro New York to Washington, D.C. corridor [2] - Macerich has achieved a 1 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for ten consecutive years from 2015 to 2024, highlighting its commitment to sustainability [2]

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 ...

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 ...

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 ...

Macerich (MAC) reported $220.22 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 1%. EPS of $0.38 for the same period compares to -$1.22 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $219.69 million, representing a surprise of +0.24%. The company delivered an EPS surprise of -5.00%, with the consensus EPS estimate being $0.40.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Macerich (MAC) came out with quarterly funds from operations (FFO) of $0.38 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to FFO of $0.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -5%. A quarter ago, it was expected that this shopping center real estate investment trust would post FFO of $0.40 per share when it actually produced FFO of $0.44, delivering a surprise of 10%.Over the last four ...