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) announced progress on significant financing transactions aimed at addressing debt maturities. As of January 3, 2023, they closed a $370 million refinance of loans related to Green Acres Mall and Green Acres Commons in Valley Stream, NY, with a fixed interest rate of 5.90%. Additionally, a $300 million loan on Santa Monica Place was extended to December 2025. A refinancing of a $405 million mortgage loan for Scottsdale Fashion Square is also in progress, projected to yield $700 million, enhancing liquidity by nearly $150 million.
Macerich (NYSE: MAC) has been recognized for the seventh consecutive year on CDP's annual A List for its leadership in corporate transparency and climate change performance. The company achieved this distinction from over 15,000 firms evaluated. Macerich's commitment to carbon neutrality by 2030 and its comprehensive environmental, social, and governance (ESG) strategy underscore its efforts in resource stewardship. It holds notable rankings, including the #1 GRESB position for the North American retail sector for eight years. CEO Tom O'Hern emphasizes the intersection of financial responsibility and sustainability.
The Macerich Company (NYSE: MAC) will hold an Investor Day on November 29-30, 2022, in Scottsdale, Arizona. The webcast is scheduled for November 30, starting at 8:00 a.m. MST and concluding at 12:30 p.m. MST. Key executives, including CEO Tom O'Hern and CFO Scott Kingsmore, will address the current operating environment, strategies, and financial matters relevant to investors. The event will be accessible via live webcast, with replay options available on Macerich's website. Macerich is a leading REIT, owning and managing 48 million square feet of retail space in key U.S. markets.
Macerich announces Dillard's plans to construct a new 220,000-square-foot flagship store at South Plains Mall, Lubbock, Texas, replacing two existing locations. Construction begins immediately with an opening expected in early 2024. Dillard's CEO highlights the expansion as a testament to the brand's 50-year commitment to local customers. The new store will feature modern design and product offerings tailored to West Texas consumers, enhancing shopping options in the region. This development is anticipated to attract additional retailers to the mall.
The Macerich Company (NYSE: MAC) announced its Third Quarter 2022 earnings on November 3, 2022. The financial results and supplemental information are available on their investor relations website. A conference call to discuss these results was scheduled for the same day at 10:00 a.m. PT (1:00 p.m. ET). Macerich, a leading real estate investment trust focused on retail properties in densely populated areas, emphasizes sustainability with a top GRESB ranking for the retail sector for 2015-2022. Further details can be accessed via their official website.
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.
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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.