MAC on NYSE

Macerich

American real estate company

The Macerich Company ( MAYSS-ritch) is an American real estate investment trust that invests in shopping centers. The company is headquartered in Santa Monica, California, and was founded in 1964. It is the third-largest owner and operator of shopping centers in the United States.3 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1964Founded1

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  • TickerMAC on NYSE1
  • Industryreal estate investment trust1
  • HeadquartersWilshire Boulevard1
  • Websitewww.macerich.com
  • Incorporated inMD5
  • Business address401 Wilshire Blvd, Ste 700, Santa Monica, Ca 904015
  • Filer categoryLarge accelerated filer5
  • Legal formStock Corporation4
  • LEI529900PSWCB5KI0JYU464
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O THE CORPORATION TRUST INCORPORATED, 21093 Lutherville Timonium, United States4
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D037271614
Citadel Mall - Santa Tracking Station Opening - 17 Nov 2005 - 112105 hi
Photo: NORAD Public Affairs, Sgt. 1st Class Gail Braymen, Public domain, via Wikimedia Commons7

The Macerich Company ( MAYSS-ritch) is an American real estate investment trust that invests in shopping centers. The company is headquartered in Santa Monica, California, and was founded in 1964.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-19.4%Net margin8
10.4%Revenue growth, 20258
-8.1%Return on equity8
2.07×Debt to equity8

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$1.0B
  • Income tax0¢$2.2M

Out of $1.0B in revenue.8 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid59¢$188.2M
  • Kept or used elsewhere41¢$133.4M

Out of $321.6M of cash from operations.8

Financial statements

Revenue91011128$1.0B in 2025+9% since 2019
0$500.0M$1.0B$1.5B2019: $927.5M$927.5M20192020: $786.0M$786.0M2020−15%2021: $847.4M$847.4M2021+8%2022: $859.2M$859.2M2022+1%2023: $884.1M$884.1M2023+3%2024: $918.2M$918.2M2024+4%2025: $1.0B$1.0B2025+10%
Net income91011128-$197.1M in 2025
-$300.0M-$200.0M-$100.0M0$100.0M2019: $96.8M$96.8M20192020: -$230.2M-$230.2M20202021: $14.3M$14.3M20212022: -$66.1M-$66.1M20222023: -$274.1M-$274.1M2023+315%2024: -$194.1M-$194.1M2024−29%2025: -$197.1M-$197.1M2025+2%
Fiscal year2019202020212022202320242025
Revenue$927.5M9$786.0M10$847.4M11$859.2M12$884.1M8$918.2M8$1.0B8
Operating expenses$915.8M11$926.0M12$871.2M8$958.8M8$1.1B8
Interest$138.3M9$75.5M10$192.7M10$216.9M10
Income tax$1.6M9-$447.0K10$6.9M11$705.0K12-$494.0K8-$1.3M8-$2.2M8
Net income$96.8M9-$230.2M10$14.3M11-$66.1M12-$274.1M8-$194.1M8-$197.1M8
Earnings per share$0.689-$1.5810$0.0711-$0.3112-$1.288-$0.888-$0.788
Earnings per share (diluted)$0.689-$1.5810$0.0711-$0.3112-$1.288-$0.888-$0.788
Shares (weighted, basic)198.1M shares11215.0M shares12215.5M shares8221.8M shares8254.2M shares8
Shares (weighted, diluted)198.1M shares11215.0M shares12215.5M shares8221.8M shares8254.2M shares8

Compare Macerich with another company

Corporate structure

Macerich sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Macerich

  • Macerich Santa Monica, California, United States
    • FLATIRON PROPERTY HOLDING, L.L.C. Subsidiary · Santa Monica, California, United States
    • THE MACERICH PARTNERSHIP, L.P. Subsidiary · Wilmington, Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Macerich reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)$108.9M8 Dec 31, 2025$111.0M8 Dec 31, 2024−1.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$280.2M8 Dec 31, 2025$89.9M8 Dec 31, 2024+211.9%
Stakes in other companies (equity method)$707.1M8 Dec 31, 2025$654.7M8 Dec 31, 2024+8.0%

Properties, in its own words

Count · Company'sOwnership(1) · Name ofCenter/Location(2) · Year ofOriginalConstruction/Acquisition · Year of MostRecentExpansion/Renovation · TotalGLA(3) · Mall andFreestandingGLA · Percentageof Mall andFreestandingGLA Leased · Non-Owned Anchors (3) · Company-Owned Anchors (3)

CONSOLIDATED CENTERS:

The rest of Item 2

1 · 100% · Arrowhead Towne Center · 1993/2002 · 2015 · 1,078,000 · 472,000 · 99.6 · Dillard's, JCPenney, Macy's · Dick's Sporting Goods

Glendale, Arizona

2 · 100% · Crabtree Mall · 1972/2025 · Ongoing · 1,321,000 · 697,000 · 95.0 · Macy's · Belk, Belk Men's, Dick's House of Sport

Raleigh, North Carolina

3 · 100% · Danbury Fair Mall(4) · 1986/2005 · 2016 · 1,275,000 · 592,000 · 95.2 · JCPenney, Macy's · Dick's Sporting Goods, Primark, Target

Danbury, Connecticut

4 · 100% · Desert Sky Mall · 1981/2002 · 2007 · 638,000 · 271,000 · 98.6 · Dillard's · La Curacao, Mercado de los Cielos

Phoenix, Arizona

5 · 100% · Eastland Mall(5) · 1978/1998 · 1996 · 1,013,000 · 524,000 · 91.1 · Dillard's, Macy's · JCPenney

Evansville, Indiana

6 · 100% · Fashion District Philadelphia(4) · 1977/2014 · 2019 · 723,000 · 496,000 · 89.4 · — · Burlington, Primark

Philadelphia, Pennsylvania

7 · 100% · Fashion Outlets of Chicago · 2013/— · - · 529,000 · 529,000 · 100.0 · — · —

Rosemont, Illinois

8 · 100% · Fashion Outlets of Niagara Falls USA · 1982/2011 · 2014 · 685,000 · 685,000 · 73.1 · — · —

Niagara Falls, New York

9 · 100% · Freehold Raceway Mall(4) · 1990/2005 · 2007 · 1,653,000 · 844,000 · 97.9 · Dick's House of Sport, JCPenney, Macy's · Primark

Freehold, New Jersey

10 · 100% · Fresno Fashion Fair(4) · 1970/1996 · 2006 · 974,000 · 419,000 · 95.5 · Macy's · JCPenney, Macy's

Fresno, California

11 · 100% · Green Acres Mall(4)(5)(6) · 1956/2013 · Ongoing · 1,913,000 · 989,000 · 94.2 · — · BJ's Wholesale Club, Dick's Sporting Goods, Macy's (two), Primark, Walmart

Valley Stream, New York

12 · 100% · Inland Center(4) · 1966/2004 · 2016 · 894,000 · 323,000 · 97.4 · Macy's · JCPenney

San Bernardino, California

13 · 100% · Kings Plaza Shopping Center(5) · 1971/2012 · 2018 · 1,097,000 · 396,000 · 93.4 · Macy's · Burlington, Lowe's, Primark, Target

Brooklyn, New York

14 · 100% · La Cumbre Plaza(5) · 1967/2004 · 1989 · 325,000 · 175,000 · 87.6 · Macy's · —

Santa Barbara, California

15 · 100% · Los Cerritos Center(4)(6) · 1971/1999 · 2016 · 1,287,000 · 534,000 · 96.1 · Macy's, Nordstrom · Dick's Sporting Goods

Cerritos, California

16 · 100% · NorthPark Mall(4) · 1973/1998 · 2001 · 900,000 · 365,000 · 84.0 · Dillard's, JCPenney, Von Maur · —

Davenport, Iowa

17 · 100% · Pacific View · 1965/1996 · 2001 · 883,000 · 398,000 · 79.7 · JCPenney, Target · Macy's

Ventura, California

Count · Company'sOwnership(1) · Name ofCenter/Location(2) · Year ofOriginalConstruction/Acquisition · Year of MostRecentExpansion/Renovation · TotalGLA(3) · Mall andFreestandingGLA · Percentageof Mall andFreestandingGLA Leased · Non-Owned Anchors (3) · Company-Owned Anchors (3)

18 · 100% · Queens Center(5) · 1973/1995 · 2004 · 964,000 · 407,000 · 98.6 · Burlington, JCPenney, Macy's · —

Queens, New York

19 · 100% · Santa Monica Place · 1980/1999 · Ongoing · 357,000 · 357,000 · 71.2 · — · —

Santa Monica, California

20 · 84.9% · SanTan Village Regional Center · 2007/— · 2018 · 1,187,000 · 780,000 · 96.8 · Dillard's, Macy's · Dick's Sporting Goods

Gilbert, Arizona

21 · 100% · South Plains Mall(4) · 1972/1998 · 2017 · 1,313,000 · 492,000 · 91.7 · Dillard's, Home Depot · JCPenney

Lubbock, Texas

22 · 100% · Stonewood Center(4)(5) · 1953/1997 · 1991 · 925,000 · 355,000 · 98.0 · — · JCPenney, Kohl's, Macy's

Downey, California

23 · 100% · Superstition Springs Center(4) · 1990/2002 · 2002 · 794,000 · 375,000 · 90.2 · Dillard's, JCPenney · Going, Going, Gone!

Mesa, Arizona

24 · 100% · Valley River Center · 1969/2006 · 2007 · 813,000 · 414,000 · 96.1 · Macy's · JCPenney

Eugene, Oregon

25 · 100% · Victor Valley, Mall of(4) · 1986/2004 · 2012 · 576,000 · 336,000 · 98.0 · Macy's · Dick's Sporting Goods, JCPenney

Victorville, California

26 · 100% · Vintage Faire Mall · 1977/1996 · 2020 · 1,069,000 · 472,000 · 97.3 · Furniture City, Macy's · Dick's Sporting Goods, JCPenney, Macy's

Modesto, California

27 · 100% · Washington Square · 1974/1999 · 2005 · 1,129,000 · 406,000 · 95.7 · Macy's · Dick's Sporting Goods, JCPenney, Nordstrom

Portland, Oregon

Total Consolidated Centers · 26,315,000 · 13,103,000 · 93.7

UNCONSOLIDATED JOINT VENTURE CENTERS:

28 · 50% · Broadway Plaza(4)(6) · 1951/1985 · 2016 · 993,000 · 448,000 · 90.9 · Macy's · Nordstrom

Walnut Creek, California

29 · 50.1% · Chandler Fashion Center · 2001/2002 · 2023 · 1,412,000 · 693,000 · 96.1 · Dillard's, Macy's, Scheels All Sports · Seafood City Supermarket

Chandler, Arizona

30 · 50.1% · Corte Madera, The Village at · 1985/1998 · 2020 · 502,000 · 266,000 · 98.2 · Macy's, Nordstrom · —

Corte Madera, California

31 · 51% · Deptford Mall · 1975/2006 · 2020 · 1,011,000 · 438,000 · 98.3 · JCPenney, Macy's · Boscov's, Dick's Sporting Goods

Deptford, New Jersey

32 · 51% · FlatIron Crossing(4) · 2000/2002 · Ongoing · 1,399,000 · 700,000 · 94.3 · Dillard's, Macy's · Dick's Sporting Goods

Broomfield, Colorado

33 · 50% · Kierland Commons · 1999/2005 · 2003 · 439,000 · 439,000 · 98.2 · — · —

Phoenix, Arizona

34 · 50% · Scottsdale Fashion Square · 1961/2002 · Ongoing · 1,879,000 · 919,000 · 94.9 · Dillard's · Dick's Sporting Goods, Macy's, Neiman Marcus, Nordstrom

35 · 51% · Twenty Ninth Street(5) · 1963/1979 · 2007 · 685,000 · 543,000 · 95.2 · — · Home Depot

Boulder, Colorado

36 · 50% · Tysons Corner Center(4)(6) · 1968/2005 · 2014 · 1,918,000 · 1,059,000 · 96.4 · — · Bloomingdale's, Macy's, Nordstrom, Primark

37 · 19% · West Acres · 1972/1986 · 2001 · 673,000 · 408,000 · 93.4 · Macy's · JCPenney

Fargo, North Dakota

Total Unconsolidated Joint Ventures · 10,911,000 · 5,913,000 · 95.0

37 · Total Regional Retail Centers · 37,226,000 · 19,016,000 · 94.0

Item 2 of the 10-K filed Feb 20, 2026.17

The story

The company traces its antecedents to the MaceRich Real Estate Company founded in New York in 1964 by Mace Siegel and Richard Cohen who combined their first names to name their company.

In 1994, the company went public with an initial public offering.

In 2002, Macerich acquired Phoenix, Arizona–based Westcor for $1.475 billion. The purchase added 9 properties to Macerich's portfolio making them the largest mall owner in the Phoenix Metropolitan Area.

In 2005, the company acquired most of Rochester, New York-based Wilmorite Properties' portfolio for $2.333 billion, adding 11 shopping centers to Macerich's portfolio, including Tysons Corner Center in Tysons, Virginia.

In 2006, the company name was rebranded to "Macerich."

On April 1, 2015, the company rejected a $16.8 billion takeover offer from Simon Property Group.

In 2024, Jackson Hsieh took over as CEO of Macerich, succeeding former CEO, Thomas O'Hern. In the same year, the company announced that Daniel Swanstrom would succeed Scott Kingsmore as CFO.

From Wikipedia’s article on Macerich, shared under CC BY-SA 4.0.6

Leadership

Who has led Macerich, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (40)

Timeline

  1. Aug 11, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares65
  2. Aug 5, 20268-K Other events66
  3. Aug 4, 20268-K Results of operations; Regulation FD disclosure67
  4. Jun 29, 20268-K Other events68
  5. Jun 17, 20268-K Other events69
  6. Jun 3, 20268-K Shareholder vote70
  7. Jun 1, 20268-K Regulation FD disclosure71
  8. May 13, 20268-K Other events72
  9. May 6, 20268-K Results of operations; Regulation FD disclosure73
  10. Mar 2, 20268-K Regulation FD disclosure74
  11. Feb 26, 20268-K Entered a material agreement; New debt or obligation75
  12. Feb 18, 20268-K Results of operations; Regulation FD disclosure76
  13. Mar 5, 2024New chief executive Jackson Hsieh becomes CEO18
  14. Jan 3, 2019New chief executive Hern Thomas E. O. becomes CEO19
  15. Feb 13, 2006New chief executive Arthur M. Coppola becomes CEO20
  16. 1994Went public Listed on NYSE1
  17. 1964Founded Founded1

Calendar

Coming up

  1. Nov 4, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.35 a share, on Nov 4, 2025.77

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results67
  2. May 6, 2026Reported quarterly or annual results73
  3. Feb 18, 2026Reported quarterly or annual results76
  4. Nov 4, 2025Reported quarterly or annual results78
  5. Aug 11, 2025Reported quarterly or annual results79
  6. May 12, 2025Reported quarterly or annual results80
  7. Feb 27, 2025Reported quarterly or annual results81
  8. Nov 6, 2024Reported quarterly or annual results82

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

274 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 51 major events, 131 insider forms, 30 large holders, 42 other. The latest 20:

  1. Sep 9, 20264 EDGAR
  2. Sep 4, 2026SCHEDULE 13G/A EDGAR
  3. Aug 11, 20268-K EDGAR
  4. Aug 7, 2026SCHEDULE 13G EDGAR
  5. Aug 5, 20268-K EDGAR
  6. Aug 5, 2026424B7 EDGAR
  7. Aug 5, 2026424B2 EDGAR
  8. Aug 5, 2026424B2 EDGAR
  9. Aug 5, 2026424B5 EDGAR
  10. Aug 5, 2026S-3ASR EDGAR
  11. Aug 5, 202610-Q EDGAR
  12. Aug 4, 20268-K EDGAR
  13. Jul 1, 20264 EDGAR
  14. Jul 1, 20264 EDGAR
  15. Jun 29, 20268-K EDGAR
  16. Jun 17, 20268-K EDGAR
  17. Jun 16, 2026424B5 EDGAR
  18. Jun 15, 2026424B5 EDGAR
  19. Jun 3, 20268-K EDGAR
  20. Jun 2, 20264 EDGAR

The 274 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

32 open-market trades by officers, directors and large owners since October 2021: 21 buys and 11 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 9, 2026Zecchini Christopher JChief Accounting OfficerSale2,740$23.28$63.8KForm 4
Sep 24, 2025Lowenthal MarianneDirectorSale6,000$17.13$102.8KForm 4
Aug 15, 2025Zecchini Christopher JChief Accounting OfficerSale9,500$17.17$163.1KForm 4
Mar 14, 2025Murphy Devin IgnatiusDirectorBuy7,000$16.40$114.8KForm 4
Mar 4, 2025Hsieh JacksonPresident and CEOBuy56,000$17.75$994.0KForm 4
Dec 26, 2024Stephen Andrea MDirectorSale63,289$20.59$1.3MForm 4
May 10, 2024Volk KennethEVP, Business DevelopmentBuy5,000$15.41$77.0KForm 4
May 9, 2024Kingsmore Scott WChief Financial OfficerBuy6,000$16.06$96.4KForm 4
May 8, 2024Menard Ann CChief Legal Officer/SecretaryBuy4,865$15.41$75.0KForm 4
May 7, 2024Healey Doug JSenior EVP, Head of LeasingBuy7,500$15.20$114.0KForm 4
May 6, 2024Hsieh JacksonPresident and CEOBuy140,000$14.26$2.0MForm 4
Mar 28, 2024COPPOLA EDWARD CDirectorSale75,000$17.19$1.3MForm 4
Mar 27, 2024COPPOLA EDWARD CDirectorSale20,000$17.01$340.2KForm 4
Mar 20, 2024O HERN THOMAS EDirectorSale95,000$16.94$1.6MForm 4
Mar 14, 2024O HERN THOMAS EDirectorSale7,964$16.39$130.5KForm 4
Feb 20, 2024COPPOLA EDWARD CDirectorSale50,000$17.20$860.0KForm 4
Nov 29, 2022Zecchini Christopher JChief Accounting OfficerSale2,000$12.65$25.3KForm 4
Sep 26, 2022Kingsmore Scott WChief Financial OfficerBuy4,000$7.55$30.2KForm 4
Sep 26, 2022Volk KennethEVP, Business DevelopmentBuy10,000$7.58$75.8KForm 4
Sep 23, 2022COPPOLA EDWARD CDirectorBuy50,000$7.98$399.0KForm 4

All 32 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Jackson Hsieh65$1.0M$15.0M91
2025Daniel E. Swanstrom II$600.0K$4.2M91
2025Douglas J. Healey$600.0K$4.0M91
2025Ann C. Menard$600.0K$4.0M91
2024Chief Executive Officer and President$811.5K$14.4M91
2024Senior Executive VicePresident,$600.0K$3.0M91
2024Senior Executive Vice PresidentChief$83.1K$2.0M91
2023Chief Legal and Administrative Officer and Secretary$517.3K$3.0M91
2023Head of Leasing$517.3K$2.9M91

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.54,737,438$1.4B0.0%+8,478,335
Fmr LLC31,461,342$792.5M0.0%+7,413,950
Vanguard Portfolio Management LLC27,314,692$688.1M0.0%+1,748,833
State Street Corp16,342,649$411.7M0.0%+1,561,563
Vanguard Capital Management LLC12,682,019$319.5M0.0%+1,209,413
Smead Capital Management, Inc.11,481,712$289.2M6.2%−673,620
Centersquare Investment Management LLC8,999,366$226.7M1.9%+1,724,762
Geode Capital Management, LLC8,667,541$218.4M0.0%+1,812,483
Principal Financial Group Inc7,014,637$176.7M0.1%+5,769,806
Charles Schwab Investment Management Inc5,783,144$145.7M0.0%+568,675
Deutsche Bank Ag\5,515,222$138.9M0.0%+5,112,622
Resolution Capital Ltd5,439,786$137.0M2.5%+1,055,606
Morgan Stanley5,196,073$130.9M0.0%+2,588,336
Bamco Inc /ny/4,999,756$125.9M0.2%+915,063
Wellington Management Group Llp4,674,803$117.8M0.0%−378,868
Dimensional Fund Advisors LP4,222,022$106.4M0.0%+373,909
Northern Trust Corp3,870,527$97.5M0.0%−598,564
Goldman Sachs Group Inc3,644,167$91.8M0.0%+174,203
Jpmorgan Chase & Co3,226,823$83.4M0.0%−4,677,607
Canada Pension Plan Investment Board3,253,097$81.9M0.0%+3,237,697
FIL Ltd3,098,648$78.1M0.1%+575,294
UBS Group AG2,716,944$68.4M0.0%+896,163
Nuveen, LLC2,650,894$66.8M0.0%+1,455,812
Norges Bank2,641,293$66.5M0.0%New
Fisher Asset Management, LLC2,620,809$66.0M0.0%−86,126

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jun 16, 2022Christopher L. Jacobs, HouseBuy$15,001 - $50,000+46.6%Report
May 31, 2019Tom MalinowskiDemocratic, HouseBuy$1,001 - $15,000−216.8%Report
May 29, 2019Tom MalinowskiDemocratic, HouseSale$15,001 - $50,000+215.2%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Macerich is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMACERICH CO2
  • CIK0000912242
  • Employer ID (EIN)95-444870517
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company17
  • Incorporated inMaryland17
  • Fiscal year endsDecember 312
  • Industry code (SIC)6798 Real Estate Investment Trusts2
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance2
  • Business address401 Wilshire Blvd, Ste 700, Santa Monica, CA 904012
  • Mailing address401 Wilshire Blvd Suite 700, Santa Monica, CA 904012
  • Phone31039460002
  • Shares outstanding283,559,375 as of Aug 3, 202614
  • Public float$4.1B as of Jun 30, 202517
  • AuditorKPMG LLP, Los Angeles, California PCAOB ID 185; it also attests to the company’s internal control over financial reporting17
  • On EDGAR sinceSep 12, 19942
  • Filings1,965 in all: 4 (952), 8-K (289), SC 13G/A (146), 10-Q (91), SC 13G (50), UPLOAD (38), 424B7 (32), 3 (31)2
    All 49 form types

    10-K (30), DEF 14A (30), 424B2 (27), 11-K (25), 424B5 (25), CORRESP (24), DEFA14A (20), 8-K/A (19), ARS (18), S-8 (16), SC 13D/A (13), SCHEDULE 13G/A (13), S-3ASR (8), 424B3 (7), S-3 (7), 4/A (5), PRE 14A (5), S-3/A (4), 10-K/A (3), 144 (3), 425 (3), 5 (3), SC 13D (3), SCHEDULE 13G (3), 8-A12B (2), CERTNYS (2), DFAN14A (2), NT 10-Q (2), PREC14A (2), 10-Q/A (1), 11-K/A (1), 15-12B (1), 25-NSE (1), 3/A (1), 8-A12B/A (1), ARS/A (1), DEFR14A (1), NT 10-K (1), NT 11-K (1), PRER14A (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Feb 20, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Apr 22, 2026
    Latest 8-K (8-K) Aug 11, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 Par ValueMACNew York Stock Exchange

From the cover page of the 10-K filed Feb 20, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks Macerich names in Item 1A of its 10-K filed Feb 20, 2026: 39 risks under these headings, as written.17

  • RISKS RELATED TO OUR BUSINESS AND PROPERTIES
  • We invest primarily in shopping centers, which are subject to a number of significant risks that are beyond our control.
  • A significant percentage of our Centers are geographically concentrated and, as a result, are sensitive to local economic and real estate conditions.
  • We are in a competitive business.
  • We may be unable to renew leases, lease vacant space or re-let space as leases expire on favorable terms or at all, or to the appropriate mix of tenants for the Centers, which could adversely affect our financial condition and results of operations.
  • If Anchors or other significant tenants experience a downturn in their business, close or sell stores or declare bankruptcy, our financial condition and results of operations could be adversely affected.
  • Our real estate acquisition, development and redevelopment strategies, including those implemented as part of the Path Forward Plan, may not be successful.
  • Excess space at our properties could materially and adversely affect us.
  • Real estate investments are relatively illiquid and we may be unable to sell properties at the time we desire and on favorable terms.
  • Our real estate assets may be subject to impairment charges.
  • Possible environmental liabilities could adversely affect us.
  • We face risks associated with climate change.
The other 28 risks
  • Some of our properties are subject to potential natural or other disasters.
  • Uninsured or underinsured losses could adversely affect our financial condition.
  • Our property taxes may increase without notice.
  • Compliance with the Americans with Disabilities Act and fire, safety and other regulations may require us to make expenditures that could adversely affect our cash flows.
  • We face risks associated with and have been the target of security breaches through cyber attacks, cyber intrusions or otherwise, as well as other significant disruptions of our information technology (IT) networks and related systems.
  • Artificial generative intelligence technologies present risks related to the control of our proprietary business information, keeping such information confidential, and emerging regulatory risk, any or all of which may adversely affect our business and results of operations.
  • Acts of violence and vandalism, civil unrest and actual or threatened terrorist attacks could adversely affect our financial condition and results of operations.
  • Any future pandemic, epidemic or outbreak of any highly infectious disease could cause disruptions in the U.S., regional and global economies and could materially and adversely impact our business, financial condition and results of operations and the business, financial condition and results of operations of our tenants.
  • Inflation may adversely affect our financial condition and results of operations.
  • Elevated interest rates may adversely affect our financial condition and results of operations.
  • International trade disputes, including U.S. trade tariffs and retaliatory tariffs, could adversely impact our business.
  • We have substantial debt that could affect our future operations.
  • We are obligated to comply with financial and other covenants that could affect our operating activities.
  • We depend on external financings for our growth and ongoing debt service requirements and are subject to refinancing risk.
  • Our success depends, in part, on our ability to attract and retain talented employees, and the loss of any one of our key personnel could adversely impact our business.
  • The price of our common stock has and may continue to fluctuate significantly, which may make it difficult for our stockholders to resell their shares when they want or at prices they find attractive.
  • RISKS RELATED TO OUR ORGANIZATIONAL STRUCTURE
  • Certain individuals have substantial influence over the management of both us and the Operating Partnership, which may create conflicts of interest.
  • Outside partners in Joint Venture Centers result in additional risks to our stockholders.
  • Our holding company structure makes us dependent on distributions from the Operating Partnership.
  • An ownership limit and certain of our Charter and bylaw provisions could inhibit a change of control or reduce the value of our common stock.
  • Selected Provisions of our Charter and bylaws.
  • Certain provisions of Maryland law could inhibit a change in control or reduce the value of our common stock.
  • FEDERAL INCOME TAX RISKS
  • If we were to fail to qualify as a REIT, we would have reduced funds available for distributions to our stockholders.
  • Complying with REIT requirements might cause us to forego otherwise attractive opportunities.
  • Complying with REIT requirements may force us to borrow or take other measures to make distributions to our stockholders.
  • We may face risks in connection with Section 1031 Exchanges.
  • If our Operating Partnership fails to maintain its status as a partnership for tax purposes, we would face adverse tax consequences.
  • Legislative or regulatory action could adversely affect our stockholders.

Legal proceedings

None of the Company, the Operating Partnership, the Management Companies or their respective affiliates is currently involved in any material legal proceedings.

The opening of Item 3, Legal Proceedings.17

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