Macerich Stock Price, News & Analysis

Macerich (NYSE: MAC) has achieved the #1 ranking among U.S. retail companies in the GRESB Real Estate Assessment for the tenth consecutive year. The company ranked #3 in Retail, Americas, and received the GRESB Green Star rating. As part of its sustainability initiatives, Macerich aims to achieve full net-zero carbon emissions by 2040, including its supply chain.

The company ranks #23 on the EPA Green Power Partnership On-Site Generation list for solar generation and is recognized among Newsweek's 'America's Most Responsible Companies.' The 2024 GRESB Assessment included 2,223 portfolios representing $7 trillion in gross asset value across 80 markets.

Macerich (NYSE: MAC) announced that its Board of Directors has declared a quarterly cash dividend of $0.17 per share of common stock. The dividend will be paid on December 2, 2024, to stockholders recorded as of the close of business on November 12, 2024.

Macerich (NYSE: MAC) has successfully refinanced Queens Center with a new $525 million loan at a 5.37% fixed interest rate with interest-only payments for the entire term. This represents the lowest refinancing rate achieved by the company since 2019 and is Macerich's largest outstanding loan. The favorable terms demonstrate market confidence in Macerich's assets and progress on their Path Forward Plan, which focuses on simplifying business, improving operations, and reducing leverage. The company suggests this refinancing could lead to outperforming their five-year refinance plan and potentially achieving greater FFO growth.

Macerich (NYSE: MAC) has announced the schedule for its Third Quarter 2024 Earnings Release and Conference Call. The earnings results will be released before market open on Wednesday, November 6, 2024. Management will hold a conference call at 10:00 am Pacific Time (1:00 pm Eastern Time) on the same day to discuss quarterly results.

Participants can join the conference by telephone through a dial-in registration link or via a live webcast. A webcast replay will be available for 90 days following the live webcast in the Investors Section of the Company's website.

The Macerich Company (NYSE: MAC) has announced its participation in several upcoming investor events. Key highlights include:

1. BofA Securities 2024 Global Real Estate Conference in New York, NY (Sept. 10-11, 2024):
- Presentation on Sept. 10 at 1:30 p.m. Eastern
- Live audio webcast available on Macerich's website

2. NAREIT's REITworld: 2024 Annual Conference in Las Vegas, NV (Nov. 19-20, 2024)

3. Post-NAREIT Retail Tour with CITI in Phoenix, AZ (Nov. 21, 2024)

4. Jefferies Real Estate Conference 2024 in Miami Beach, FL (Dec. 10-11, 2024)

These events provide opportunities for investors to engage with Macerich's leadership, including CEO Jack Hsieh, CFO Scott Kingsmore, and SVP Leasing Doug Healey.

Macerich (NYSE: MAC), a leading retail real estate company, has released its 2023 Corporate Responsibility Report, marking 15 years of industry-leading sustainability strategy. The report, themed 'Together for Tomorrow', highlights Macerich's environmental, social, and governance efforts. Key achievements include:

- 34% of portfolio energy consumption from clean electricity
- #23 on EPA Green Power Partnership On-Site Generation list for solar generation
- #1 ranking in Retail, Americas/Rated A for Disclosure in 2023 GRESB Real Estate Assessment
- 2,300+ community events hosted at Macerich properties
- 433 organizations supported through volunteerism and giving

Macerich has set new ambitious targets, including achieving full net-zero emissions, including supply chain, by 2040. The company remains on track to achieve carbon neutrality by 2030.

The Macerich Company (NYSE: MAC) has released its Second Quarter 2024 Earnings Results and Supplemental Information on its website. The company will hold a conference call on July 31, 2024, at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time) to discuss the quarterly results. Interested participants can join via telephone by registering through a provided link to receive dial-in information and a personalized PIN code. Alternatively, a live webcast is available through the company's Investors Section. A replay of the webcast will be accessible for 90 days following the live event in the same section of Macerich's website.

The Macerich Company (NYSE: MAC) has announced a quarterly cash dividend of $0.17 per share of common stock. This dividend will be payable on September 9, 2024, to stockholders of record at the close of business on August 19, 2024. The declaration was made by Macerich's Board of Directors, demonstrating the company's commitment to returning value to its shareholders. This regular dividend payout reflects Macerich's ongoing financial stability and confidence in its cash flow generation capabilities, which is particularly noteworthy in the real estate investment trust (REIT) sector.

Macerich (NYSE: MAC), a leading retail property owner and operator, has announced the appointment of Diana M. Laing to its Board of Directors. Laing, who previously served on Macerich's Board from 2003 to 2022, brings over 35 years of experience in real estate investment and operations. Her expertise spans corporate strategy, risk management, finance, and corporate governance.

With Laing's addition, Macerich's Board now consists of eight directors, seven of whom are independent. This move aligns with Macerich's recently launched Path Forward plan, which aims to simplify the business, improve operational performance, and reduce leverage. The plan focuses on concentrating the portfolio on thriving centers and strengthening the company's balance sheet.