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.
On March 26, 2021, Macerich Company (NYSE: MAC) reported significant capital events, including the sale of 36 million shares at $13.54 each, raising approximately $487.3 million. The company is also under contract to sell a 95% stake in Paradise Valley Mall for $100 million, expected to yield $95 million in net proceeds. A new credit facility between $600 million and $800 million is anticipated. Macerich projects total liquidity of $1.65 billion to $1.85 billion post-transactions. Revised fiscal 2021 EPS guidance is between -$0.73 and -$0.53, with expected FFO per share at $1.77 to $1.97.
Macerich (NYSE: MAC) released its Fourth Quarter 2020 Earnings Results on February 11, 2021, highlighting the performance of its 47 regional shopping centers across the U.S. The company currently manages 50 million square feet of real estate and is recognized for its sustainability efforts, achieving CDP A List status for five consecutive years. A conference call discussing these results is scheduled for 10:00 am PT. Interested parties can access the call via the company's website or a designated phone line.
The Macerich Company (NYSE: MAC) has declared a quarterly cash dividend of $.15 per share, payable on March 3, 2021, to stockholders of record by February 19, 2021. Macerich is a major real estate investment trust specializing in the management and development of regional malls across the United States. It currently owns approximately 50 million square feet of real estate, including 47 shopping centers in key markets. The company is recognized for its sustainability efforts, holding CDP A List status for five years and GRESB Green Star rating for six years.
Macerich (NYSE: MAC) has scheduled its Fourth Quarter 2020 earnings release for February 11, 2021, prior to market open. The management conference call will take place at 10:00 AM PT (1:00 PM ET) on the same day. Investors can access the live webcast on the company's website. Macerich owns 50 million square feet of retail real estate, focusing on regional malls primarily in densely populated markets. The company has been recognized for its sustainability efforts, earning CDP A List status and GRESB Green Star ratings.
The Macerich Company (NYSE: MAC) announced the tax treatment for 2020 dividends, amounting to $1.55 per share. These dividends consist of qualified REIT dividends under Internal Revenue Code section 199A. Key dates include record dates ranging from February 21 to November 9, 2020, with payable dates from March 3 to December 3, 2020. The dividends classified for the year are $0.04 ordinary, $0.02 capital gain distributions, and $0.70 nondividend distributions. Macerich is recognized for its sustainability efforts, achieving CDP A List status for five consecutive years.
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Macerich (NYSE: MAC) has received the Bureau Veritas SafeGuard™ Hygiene Excellence and Safety Certification for 11 of its retail centers, ensuring adherence to high hygiene and safety protocols. This certification minimizes on-site virus risks, enhancing consumer confidence in shopping at their properties. The newly implemented measures include intensified cleaning, mask requirements, and upgraded HVAC systems. All 47 Macerich centers are following similar stringent health guidelines, marking a significant step in prioritizing customer and employee safety.
The Macerich Company (NYSE: MAC) reported a net loss of $22.2 million, or $0.15 per share-diluted, for Q3 2020, a decline from a net income of $46.4 million, or $0.33 per share-diluted, in Q3 2019. Funds from operations (FFO) for the quarter were $83.4 million, down from $133.2 million in the previous year. Mall occupancy stood at 90.8%, while annual sales per square foot dropped to $718 from $800. Rent collections improved to 80% in Q3 and 81% in October. The board declared a quarterly dividend of $0.15 per share, payable December 3, 2020.
The Macerich Company (NYSE: MAC) announced a quarterly cash dividend of $.15 per share, to be paid on December 3, 2020. Stockholders of record will be those on file as of the close of business on November 9, 2020. Macerich is a self-managed REIT specializing in the acquisition and management of regional malls across the United States, owning 51 million square feet of real estate in key markets including the West Coast and Metro New York. The company has maintained a strong sustainability record, ranking #1 in the North American Retail Sector for five consecutive years (2015-2019).
Macerich (NYSE: MAC) has announced enhanced safety protocols for holiday shoppers across its retail properties. The company emphasizes health and well-being with intensified cleaning, mask requirements, and improved air filtration systems. Shoppers will enjoy extended hours, curbside pickup, and contactless payment options. Notably, all Macerich centers will be closed on Thanksgiving but will open early on Black Friday. Santa visits will also be reimagined to ensure safety. The company aims to provide a comfortable shopping environment, adapting to current health concerns.