The Macerich Company reports developments as a fully integrated, self-managed and self-administered REIT that owns, operates and develops retail real estate in densely populated U.S. markets. Its portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the corridor from Metro New York to Washington, D.C., with interests primarily in retail centers and regional mall properties.
Recurring Macerich news includes quarterly earnings releases and supplemental operating data, common-share dividend declarations, property acquisitions and dispositions, redevelopment and merchandising plans, credit facility activity, and business update presentations for real estate conferences. Company updates also address liquidity, capital allocation, portfolio quality, tenant mix, and environmental, social and governance priorities tied to its retail property platform.
Macerich (NYSE: MAC) announced the sale of La Encantada, a retail asset in Tucson, AZ, for $165.3 million on September 17, 2021, generating approximately $100 million in liquidity. This transaction follows the sale of 95% of Paradise Valley Mall in March 2021, which brought in around $95 million. Combined, these non-core asset sales have generated over $200 million of liquidity in 2021. The company is also working on a land and pad sale program aimed at producing an additional $100 million from 2021 to 2023.
Macerich (NYSE:MAC) will present at the BofA Securities 2021 Global Real Estate Conference taking place virtually from September 21-23, 2021. Key executives, including Tom O'Hern, Scott Kingsmore, and Doug Healey, will participate in a live roundtable on September 22, 2021 at 12:00 pm EST. The presentation will be streamed live and archived for replay until December 22, 2021. Macerich focuses on regional mall management and leasing, owning 50 million square feet across 46 shopping centers.
The Macerich Company (NYSE: MAC) reported its Second Quarter 2021 Earnings Results on August 4, 2021. Investors can find the full report on the Company's website. Management is set to discuss the results in a conference call at 10:00 AM PT. Macerich operates 46 regional shopping centers, owning 50 million square feet of real estate primarily in attractive markets on the West Coast and the East Coast. The Company has achieved a #1 ranking in sustainability in the North American Retail Sector for six consecutive years.
The Macerich Company (NYSE: MAC) announced a quarterly cash dividend of $.15 per share, payable on September 8, 2021, to stockholders of record by the close of business on August 19, 2021.
As a real estate investment trust (REIT), Macerich specializes in the acquisition, management, and development of regional malls across the United States, owning 50 million square feet of real estate, primarily in 46 shopping centers. The company has also achieved notable recognition for sustainability, holding the #1 GRESB ranking in North American Retail for six consecutive years (2015-2020).
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.