Welcome to our dedicated page for Macerich news (Ticker: MAC), a resource for investors and traders seeking the latest updates and insights on Macerich stock.
The Macerich Company (NYSE: MAC) is a fully integrated, self-managed, self-administered REIT that owns, operates, and develops high-quality retail real estate in key U.S. markets. The news flow around Macerich reflects its role as an active owner of major retail centers and its ongoing communication with investors through earnings releases, portfolio transactions, and strategic updates.
On this page, readers can follow MAC news related to quarterly earnings results, conference call announcements, and investor presentations that provide financial and operating information about the company. Macerich regularly announces the timing of its earnings releases and webcasts, and posts supplemental materials that discuss its performance and portfolio.
Company news also highlights significant portfolio actions, such as the acquisition of large, Class A retail centers and the sale of existing properties. These announcements describe how new assets fit into Macerich’s focus on densely populated and attractive markets, and how dispositions align with broader plans for the portfolio and capital structure. In addition, news items may feature new anchor tenants at Macerich centers, illustrating leasing activity and the evolution of the tenant mix at specific properties.
Macerich’s communications frequently reference its dedication to environmental goals, social good, and sound corporate governance, as well as its long-running recognition in the Global Real Estate Sustainability Benchmark (GRESB) rankings for the North American retail sector. For investors and observers, this news page offers a centralized view of the company’s reported developments, from financial updates to property-level milestones, all drawn from official releases and regulatory disclosures.
Macerich (NYSE: MAC) continues to attract experience-seeking consumers with new ticketed attractions. The Dr. Seuss Experience opens at Tysons Corner Center in early April, while World of Barbie debuts at Santa Monica Place in mid-April. These attractions, developed in partnership with Kilburn Live and Fever, are designed to enhance visitor engagement and drive foot traffic to Macerich properties. Previous successful attractions, such as Banksy Was Here and Candytopia, have demonstrated the effectiveness of ticketed events in boosting attendance. Petra Maruca, Senior VP of Business Development, emphasized that these initiatives align with Macerich's strategy to diversify its offerings and enhance community engagement, complementing existing retail and entertainment options.
Macerich (NYSE: MAC) announced its upcoming First Quarter 2023 Earnings Release scheduled for May 4, 2023, before market open. The management conference call will commence at 10:00 am PT (1:00 pm ET) on the same day. Interested participants can join via telephone or webcast through the company's website. Macerich, a leading real estate investment trust (REIT), boasts a portfolio of 47 million square feet across 44 regional town centers, primarily in key markets such as California, the Pacific Northwest, and the Metro New York area. The company emphasizes sustainability, having achieved a #1 GRESB ranking for U.S. Retail for eight consecutive years.
Macerich (NYSE: MAC) has announced that Din Tai Fung, a renowned restaurant known for dumplings, will open a new location at Santa Monica Place. This venue, spanning 10,615 square feet, will offer ocean views and is positioned across from the upcoming ARTE Museum, expected to attract around 1 million annual visitors. The Santa Monica location is part of Din Tai Fung's expansion into Los Angeles, following their successful site in Oregon. The redevelopment of Santa Monica Place aims to enhance visitor experiences by incorporating popular dining options like Din Tai Fung.
On March 1, 2023, Macerich announced that Zara, a leading European fashion retailer, will open its first location in Queens Center, a top-performing property within the Macerich portfolio. This multi-level store aims to enhance the retail experience in Elmhurst, New York, catering to a diverse customer base. The Queens Center is a prominent shopping destination featuring other major brands such as Macy's and Apple. The addition of Zara underscores Macerich's commitment to attracting high-quality tenants and driving foot traffic at its properties.
Macerich (NYSE: MAC) announces a new partnership with the fashion retailer Primark, which will open a 54,562 square foot store at Queens Center in New York City. This marks the seventh Primark location in a Macerich property, reinforcing the collaboration between the two brands.
Queens Center is noted for its impressive sales performance, averaging over $1,700 per square foot, making it a prime retail destination. Macerich believes Primark's arrival will enhance traffic to the center, attracting a diverse customer base. The partnership aims to leverage Queens Center's popularity to boost sales and customer engagement.
The Macerich Company (NYSE: MAC) has announced its Fourth Quarter 2022 earnings results, which are now available on its Investor Relations website. A conference call will take place today, February 7, 2023, at 10:00 a.m. PT to discuss these results. The call can be accessed via live webcast or by phone for international listeners. Macerich is a prominent real estate investment trust specializing in high-quality retail properties across key U.S. markets, managing 47 million square feet of real estate in various regions, including California and the Metro New York area. Macerich also emphasizes sustainability and corporate governance as part of its operational strategy.
The Board of Directors of Macerich (NYSE: MAC) has declared a quarterly cash dividend of $.17 per share, payable on March 3, 2023. This dividend will be provided to stockholders of record at the close of business on February 17, 2023. Macerich operates as a leading real estate investment trust (REIT), focusing on high-quality retail real estate primarily in densely populated U.S. markets, including California and the Metro New York area. The company's commitment to sustainability is highlighted by its #1 GRESB ranking in the North American retail sector for eight consecutive years.
The Macerich Company (NYSE: MAC) announced tax classifications for its 2022 dividend distributions totaling $.62 per share. Key tax treatment details for each distribution include:
- February 18, 2022: $0.15, $0.12 ordinary, $0.07 Section 199A, $0.05 Qualified, $0.01 Capital Gain, $0.02 Nondividend.
- May 20, 2022: $0.15, $0.12 ordinary, $0.07 Section 199A, $0.05 Qualified, $0.01 Capital Gain, $0.02 Nondividend.
- August 19, 2022: $0.15, $0.12 ordinary, $0.07 Section 199A, $0.05 Qualified, $0.01 Capital Gain, $0.02 Nondividend.
- November 9, 2022: $0.17, $0.13 ordinary, $0.07 Section 199A, $0.06 Qualified, $0.02 Capital Gain, $0.02 Nondividend.
The classification aids shareholders in accurate tax reporting for their dividends.
Macerich (NYSE: MAC) announced the opening of a 48,000-square-foot ARTE MUSEUM at Santa Monica Place, set to debut in late 2023. This flagship U.S. location aims to attract one million visitors annually, making it a prime venue in Southern California. The museum replaces the former ArcLight Cinemas and is part of a broader strategy to enhance retail and entertainment offerings. Cory Scott, Executive VP of Asset Management, emphasized the museum's alignment with evolving consumer preferences. ARTE MUSEUM, produced by d'strict, has already seen success in Korea, attracting 3.7 million visitors in 26 months since its launch in 2020.
Macerich (NYSE: MAC) has announced the scheduling of its Fourth Quarter 2022 Earnings Release set to be made public before market open on February 7, 2023. The management will host a conference call at 10:00 AM PT (1:00 PM ET) on the same day to discuss the results. Interested parties can listen via a live webcast on the company's website, with an audio replay available for 90 days. Macerich operates a portfolio of retail properties, emphasizing sustainable practices, having achieved a top GRESB ranking for the North American retail sector since 2015.