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) has announced the schedule for its second quarter 2021 earnings release, set to take place before market open on August 4, 2021. A conference call will follow at 10:00 am PT to discuss the results. Interested parties can access a live webcast on the company's website. Macerich, a leading real estate investment trust, manages and redevelops regional malls across the U.S., owning approximately 50 million square feet of retail real estate.
Macerich (NYSE: MAC) released its 2020 Corporate Responsibility Report, highlighting its people-focused response to COVID-19, local stewardship, and employee wellness initiatives. The report emphasizes Macerich's commitment to achieving carbon neutrality by 2030, surpassing the Paris climate agreement timeline. Additionally, it showcases the company's transparent ethical practices and governance. Macerich owns 46 regional shopping centers across key U.S. markets, demonstrating leadership in sustainability with a consistent #1 GRESB ranking in the North American Retail Sector from 2015 to 2020.
Macerich has announced the opening of Arizona's first SCHEELS store at the Chandler Fashion Center, set to debut in fall 2023. This two-level, 222,000 square-foot retail space will take the place of a former Nordstrom store. The SCHEELS store will feature attractions like a 16,000-gallon saltwater aquarium, specialty shops, and a restaurant. Chandler's Mayor praised this development, highlighting the community's growth. Macerich's properties are performing well, with March sales in Arizona up 18% compared to March 2019, indicating strong consumer demand.
The Macerich Company (NYSE: MAC) reported its First Quarter 2021 earnings results on May 11, 2021. The results, including key metrics, are available on its investor relations website. Management is set to discuss these results in a conference call today at 10:00 am PT. Macerich, a self-managed REIT, owns 50 million square feet of real estate across 46 regional shopping centers, primarily focusing on high-demand markets. The company has been recognized for its sustainability efforts, holding the #1 GRESB ranking in the North American Retail Sector for six consecutive years (2015-2020).
Macerich (NYSE: MAC) announced the addition of Primark stores to Tysons Corner Center and Green Acres Mall. This expansion strengthens their partnership with Primark, which already includes four other U.S. locations. The new stores are part of a recovery strategy as leasing demand approaches pre-COVID levels, with increased shopper traffic reported. Primark is recognized for providing affordable fashion, and the new locations aim to attract more customers to Macerich's high-performing properties in key markets.
Macerich (NYSE: MAC) has announced a rescheduling of its First Quarter 2021 Earnings Release, now set for May 11, 2021, before market open. The management will host a conference call at 10:00 am PT to discuss the quarterly results. Interested parties can access the live webcast on Macerich's website. The company, known for its focus on regional malls, owns approximately 50 million square feet of real estate across 46 shopping centers, particularly in densely populated markets on the West Coast and the Metro New York to Washington, DC corridor.
The Board of Directors of Macerich has declared a quarterly cash dividend of $0.15 per share on its common stock. This dividend is set to be paid on June 3, 2021, to stockholders of record by the close of business on May 7, 2021. Macerich focuses on the acquisition, leasing, and management of regional malls across the United States, owning around 50 million square feet of real estate, primarily in 46 regional shopping centers. The company has been recognized for sustainability, holding the #1 GRESB ranking in the North American Retail Sector for six consecutive years.
Macerich (NYSE: MAC) has announced its earnings release for the first quarter of 2021, scheduled for May 12, 2021, before market open. The management will hold a conference call at 10:00 am PT to discuss the results. Investors can listen via the company's website. Macerich operates 46 regional shopping centers across the U.S., focusing on prime retail properties, particularly in densely populated areas. The company has consistently demonstrated leadership in sustainability, achieving the #1 GRESB ranking in the North American Retail Sector from 2015 to 2020.
The Macerich Company (NYSE: MAC) has successfully renewed its corporate credit facility, totaling $700 million. This facility includes a $525 million revolving credit line and a $175 million term loan, with $495 million already drawn. The interest rate is set at LIBOR + 2.75%. The renewal allows for a potential increase of the revolver up to $800 million. Additionally, nearly $1 billion of debt was repaid at closing, reflecting the company's strategy to reduce leverage over time.
Macerich (NYSE: MAC) sold Paradise Valley Mall in Phoenix for $100 million, generating net proceeds of approximately $95 million. The transaction closed on March 29, 2021, and Macerich retains a 5% stake in the redevelopment project led by RED Development. The 92-acre site will undergo a multi-phase redevelopment to include diverse offerings such as residences, offices, and retail. This move aligns with Macerich's strategy to focus on high-quality properties amidst evolving retail trends.