Macerich Stock Price, News & Analysis

Caesars Republic Scottsdale, a luxury hotel project in Scottsdale, Arizona, is on track to open in Q1 2024. The hotel will feature 265 rooms and unique event spaces, with reservations currently being accepted. This collaboration between Caesars Entertainment (CZR) and Macerich (MAC) aims to create a premier destination featuring upscale amenities, including restaurants by celebrity chef Giada De Laurentis, a rooftop pool, and expansive event spaces. Financing was arranged by Walker & Dunlop and National Bank of Arizona.

The Macerich Company (NYSE: MAC) announced its Fourth Quarter 2021 Earnings Results on February 10, 2022. The results are available on their investor relations website. A conference call to discuss these results is scheduled for 10:00 a.m. PT today, with a replay accessible for 90 days post-call. Macerich operates 44 regional town centers across the U.S. and ranks #1 in GRESB for sustainability in the North American Retail Sector for seven consecutive years (2015-2021). Detailed information can be found on their official website.

The Macerich Company (NYSE: MAC) announced a quarterly cash dividend of $.15 per share, payable on March 3, 2022. Stockholders must be on record by February 18, 2022 to qualify for this dividend. Macerich, a self-managed real estate investment trust (REIT), focuses on acquiring, leasing, and managing regional malls across the United States, particularly in densely populated markets. The company boasts a strong sustainability record, having achieved the #1 GRESB ranking in North American retail for seven consecutive years (2015-2021).

The Macerich Company (NYSE: MAC) announced the tax treatment for its 2021 dividend distributions, amounting to $0.60 per share. Key distribution details include:

• February 19, 2021; Payable on March 3, 2021; Rate: $0.150
• May 7, 2021; Payable on June 3, 2021; Rate: $0.150
• August 19, 2021; Payable on September 8, 2021; Rate: $0.150
• November 9, 2021; Payable on December 3, 2021; Rate: $0.150

Macerich (NYSE: MAC) will release its Fourth Quarter 2021 Earnings on February 10, 2022, before market open. A conference call will follow at 10:00 AM PT (1:00 PM ET) to discuss the results. Investors can listen live via the company’s website. Macerich is a leading real estate investment trust (REIT) focused on acquiring, leasing, and managing regional malls in the U.S., particularly in densely populated areas along the West Coast and the Northeast. The company has been recognized for its sustainability efforts.

Macerich (NYSE: MAC) announces the addition of Pinstripes, an experiential dining and entertainment venue, to Broadway Plaza in Walnut Creek, California, set to open in late 2022. The 23,000 square-foot venue will provide Italian/American cuisine alongside bowling and bocce experiences. Macerich reports a 20% increase in comparable tenant sales in October compared to October 2019, and a 26% rise in signed leases over pre-COVID levels. These developments aim to enhance Broadway Plaza's appeal, contributing to the growth of Macerich's portfolio.

Macerich (MAC) and Life Time (LTH) announced plans for a new luxury athletic resort at Scottsdale Fashion Square, Arizona, set to open in 2023. This 40,000-square-foot facility will be Life Time's seventh location in Arizona and aims to enhance the shopping center's luxury offerings. The resort will feature group fitness studios, a rooftop beach club, and high-end amenities. This collaboration is part of Macerich's strategy to diversify its properties and enhance customer experiences in its premium retail locations.

The Macerich Company (NYSE: MAC) released its Third Quarter 2021 Earnings Results on November 3, 2021. The results are available on their investor relations website. A conference call discussing these results is scheduled for today at 10:00 am PT. Macerich, a leading real estate investment trust, operates 45 regional town centers across the U.S., focusing on attractive retail properties. The company has been recognized for its sustainability efforts, holding the top GRESB ranking in North American Retail for seven consecutive years.

Macerich (NYSE: MAC) announced the opening of a new Target store at Kings Plaza in Brooklyn, occupying a 90,000-square-foot space formerly held by JCPenney. This addition enhances Kings Plaza's status as the largest enclosed retail shopping center in Brooklyn and reflects a resurgence in local in-person shopping. The new Target joins other notable anchor replacements across Macerich's East Coast properties, including Primark and Scheel's All Sports. Macerich, a leading retail and mixed-use property owner, manages 49 million square feet across 45 centers, focusing on prime markets.