Macerich Stock Price, News & Analysis

The Board of Directors of Macerich (NYSE: MAC) has approved a quarterly cash dividend increase to $0.17 per share from $0.15, effective December 2, 2022, for stockholders on record by November 9, 2022. This increase reflects the company’s resilient business model and strong operating cash flow, according to CEO Tom O'Hern. Macerich aims to maintain a conservative Funds from Operations (FFO) payout ratio while resuming regular dividend increases. The company operates high-quality retail properties primarily in California and other attractive U.S. markets.

Macerich announces a significant reinvestment in the Scottsdale Fashion Square, enhancing the south wing with a comprehensive interior and exterior renovation. This initiative builds on the successful luxury wing launched in 2018. New features include luxury valet service, two-story storefronts, and improved aesthetics with upscale finishes. The project aims to expand luxury retail environments and attract top-tier brands, underlining Macerich's commitment to revitalize its leading properties. Additionally, plans for mixed-use developments are underway to further increase visitor engagement and sales potential.

Macerich (NYSE: MAC) has announced that it will release its third-quarter 2022 earnings before the market opens on November 3, 2022. A conference call to discuss the results will be held at 10:00 AM PT (1:00 PM ET) on the same day. Investors can access the call via a live webcast on the company's website. Macerich is a prominent real estate investment trust (REIT) focused on retail properties located in attractive U.S. markets, owning approximately 48 million square feet of real estate across 44 regional town centers.

Macerich (NYSE: MAC) has announced its participation in the BofA Securities 2022 Global Real Estate Conference in New York on September 14, 2022. Key executives including Tom O'Hern, Scott Kingsmore, and Doug Healey will present at 12:40 PM ET. A live audio webcast will be available on Macerich's website, with a replay accessible afterward. Macerich is a prominent retail real estate investment trust, owning 48 million square feet across 44 regional town centers.

The Macerich Company (NYSE: MAC) released its Second Quarter 2022 Earnings Results on July 28, 2022. The report is accessible through the Investor Relations section on their website. A conference call to discuss the results took place at 10:00 a.m. PT on the same day. Macerich, a leading retail real estate investment trust, owns 48 million square feet of property, focusing on attractive U.S. markets. The company has been recognized for its sustainability efforts, holding the #1 GRESB ranking for North American retail for seven consecutive years.

The Philadelphia 76ers have announced the creation of 76 Devcorp to oversee the development of a new arena, 76 Place, at the Fashion District Philadelphia. Spearheaded by David Adelman, this privately-funded arena aims to boost the local economy, projected to generate $1.9 billion during construction and $400 million annually thereafter. The project emphasizes community engagement and equitable development, in collaboration with Macerich, the operator of Fashion District. Groundbreaking is expected several years from now, targeting completion for the 2031-2032 NBA season.

The Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.15 per share, payable on September 8, 2022, to stockholders of record as of August 19, 2022. Macerich is a leading real estate investment trust (REIT) focused on high-quality retail properties in densely populated U.S. markets. With a portfolio of 48 million square feet across 44 regional town centers, it has been ranked #1 for sustainability in the North American retail sector for seven consecutive years (2015-2021). Visit www.macerich.com for more information.

Macerich announced the selection of two additional properties for Round1 Bowling & Amusement locations at Arrowhead Towne Center in Phoenix and Danbury Fair in Connecticut, enhancing its portfolio of large-format entertainment venues. Round1 joins a growing list of tenants across Macerich's properties aimed at providing diverse, engaging experiences for shoppers. This move aligns with consumer trends favoring physical entertainment spaces, supporting Macerich's strategy to attract high-quality, multi-use tenants.