The Macerich Company MAC
The Company is a fully integrated, self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional retail centers throughout the United States. The Company is the sole general partner of, and owns a majority of the ownership interests in, The Macerich Partnership, L.P., a Delaware limited partnership (the "Operating Partnership") and conducts all of its operations through the Operating Partnership and the Company's management companies. As of the date of this filing, the Operating Partnership owned or had an ownership interest in approximately 41 million square feet of gross leasable area ("GLA") consisting primarily of interests in 38 regional retail centers, and one community/power shopping center.
Snapshot
Reported FFO / FFO, as adjusted / leverage are from the Q1 2026 earnings release (filed 2026-05-06) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-15 | 2026-06-15 | 2026-06-29 | 2026-05-04 | $0.17 | Quarterly |
| 2026-03-16 | 2026-03-16 | 2026-03-30 | 2026-02-12 | $0.17 | Quarterly |
| 2025-12-15 | 2025-12-15 | 2025-12-29 | 2025-10-30 | $0.17 | Quarterly |
| 2025-09-09 | 2025-09-09 | 2025-09-23 | 2025-07-31 | $0.17 | Quarterly |
| 2025-06-03 | 2025-06-03 | 2025-06-17 | 2025-04-28 | $0.17 | Quarterly |
| 2025-03-04 | 2025-03-04 | 2025-03-18 | — | $0.17 | Quarterly |
| 2024-11-12 | 2024-11-12 | 2024-12-02 | 2024-10-31 | $0.17 | Quarterly |
| 2024-08-19 | 2024-08-19 | 2024-09-09 | 2024-07-26 | $0.17 | Quarterly |
| 2024-05-17 | 2024-05-20 | 2024-06-03 | 2024-04-26 | $0.17 | Quarterly |
| 2024-02-15 | 2024-02-16 | 2024-03-04 | 2024-02-02 | $0.17 | Quarterly |
| 2023-11-08 | 2023-11-09 | 2023-12-01 | 2023-10-27 | $0.17 | Quarterly |
| 2023-08-17 | 2023-08-18 | 2023-09-08 | 2023-08-04 | $0.17 | Quarterly |
| 2023-05-18 | 2023-05-19 | 2023-06-02 | 2023-04-28 | $0.17 | Quarterly |
| 2023-02-16 | 2023-02-17 | 2023-03-03 | 2023-01-27 | $0.17 | Quarterly |
| 2022-11-08 | 2022-11-09 | 2022-12-02 | 2022-10-28 | $0.17 | Quarterly |
| 2022-08-18 | 2022-08-19 | 2022-09-08 | 2022-07-20 | $0.15 | Quarterly |
| 2022-05-19 | 2022-05-20 | 2022-06-03 | 2022-05-09 | $0.15 | Quarterly |
| 2022-02-17 | 2022-02-18 | 2022-03-03 | 2022-01-27 | $0.15 | Quarterly |
| 2021-11-08 | 2021-11-09 | 2021-12-03 | 2021-10-28 | $0.15 | Quarterly |
| 2021-08-18 | 2021-08-19 | 2021-09-08 | 2021-07-30 | $0.15 | Quarterly |
| 2021-05-06 | 2021-05-07 | 2021-06-03 | 2021-04-29 | $0.15 | Quarterly |
| 2021-02-18 | 2021-02-19 | 2021-03-03 | 2021-01-28 | $0.15 | Quarterly |
| 2020-11-06 | 2020-11-09 | 2020-12-03 | 2020-10-29 | $0.15 | Quarterly |
| 2020-08-18 | 2020-08-19 | 2020-09-08 | 2020-07-24 | $0.15 | Quarterly |
Coverage (payout of operating cash flow): 54.26%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $1.02B | $-197.15M | $365.52M | $404.93M | $321.60M |
| 2024 | $918.20M | $-194.12M | $305.88M | $326.90M | $283.44M |
| 2023 | $884.07M | $-274.06M | $296.39M | $190.72M | $295.50M |
| 2022 | $859.16M | $-66.07M | $302.48M | $454.96M | $337.51M |
| 2021 | $847.44M | $14.26M | $324.40M | $540.19M | $286.37M |
| 2020 | $786.03M | $-230.20M | $326.06M | $155.70M | $124.84M |
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.