Macerich Stock Price, News & Analysis

Macerich (NYSE: MAC) has launched the 'Make a Pledge. Plant a Tree.' initiative, partnering with One Tree Planted to invest $50,000 in U.S. reforestation and urban forestry for Earth Month. This program encourages shoppers to pledge to use reusable bags instead of single-use plastic or paper bags, significantly reducing landfill waste. The initiative aims to promote sustainable shopping practices and environmental responsibility among consumers. Each pledge contributes towards planting trees across U.S. forests and cities. Additionally, Macerich is engaging employees in local community cleanup events, rewarding them for volunteer hours with tree planting. The company is committed to achieving carbon neutrality by 2030, currently sourcing one-third of its energy from renewable resources.

Macerich (NYSE: MAC) continues to attract experience-seeking consumers with new ticketed attractions. The Dr. Seuss Experience opens at Tysons Corner Center in early April, while World of Barbie debuts at Santa Monica Place in mid-April. These attractions, developed in partnership with Kilburn Live and Fever, are designed to enhance visitor engagement and drive foot traffic to Macerich properties. Previous successful attractions, such as Banksy Was Here and Candytopia, have demonstrated the effectiveness of ticketed events in boosting attendance. Petra Maruca, Senior VP of Business Development, emphasized that these initiatives align with Macerich's strategy to diversify its offerings and enhance community engagement, complementing existing retail and entertainment options.

Macerich (NYSE: MAC) announced its upcoming First Quarter 2023 Earnings Release scheduled for May 4, 2023, before market open. The management conference call will commence at 10:00 am PT (1:00 pm ET) on the same day. Interested participants can join via telephone or webcast through the company's website. Macerich, a leading real estate investment trust (REIT), boasts a portfolio of 47 million square feet across 44 regional town centers, primarily in key markets such as California, the Pacific Northwest, and the Metro New York area. The company emphasizes sustainability, having achieved a #1 GRESB ranking for U.S. Retail for eight consecutive years.

Macerich (NYSE: MAC) has announced that Din Tai Fung, a renowned restaurant known for dumplings, will open a new location at Santa Monica Place. This venue, spanning 10,615 square feet, will offer ocean views and is positioned across from the upcoming ARTE Museum, expected to attract around 1 million annual visitors. The Santa Monica location is part of Din Tai Fung's expansion into Los Angeles, following their successful site in Oregon. The redevelopment of Santa Monica Place aims to enhance visitor experiences by incorporating popular dining options like Din Tai Fung.

On March 1, 2023, Macerich announced that Zara, a leading European fashion retailer, will open its first location in Queens Center, a top-performing property within the Macerich portfolio. This multi-level store aims to enhance the retail experience in Elmhurst, New York, catering to a diverse customer base. The Queens Center is a prominent shopping destination featuring other major brands such as Macy's and Apple. The addition of Zara underscores Macerich's commitment to attracting high-quality tenants and driving foot traffic at its properties.

Macerich (NYSE: MAC) announces a new partnership with the fashion retailer Primark, which will open a 54,562 square foot store at Queens Center in New York City. This marks the seventh Primark location in a Macerich property, reinforcing the collaboration between the two brands.

Queens Center is noted for its impressive sales performance, averaging over $1,700 per square foot, making it a prime retail destination. Macerich believes Primark's arrival will enhance traffic to the center, attracting a diverse customer base. The partnership aims to leverage Queens Center's popularity to boost sales and customer engagement.

The Macerich Company (NYSE: MAC) has announced its Fourth Quarter 2022 earnings results, which are now available on its Investor Relations website. A conference call will take place today, February 7, 2023, at 10:00 a.m. PT to discuss these results. The call can be accessed via live webcast or by phone for international listeners. Macerich is a prominent real estate investment trust specializing in high-quality retail properties across key U.S. markets, managing 47 million square feet of real estate in various regions, including California and the Metro New York area. Macerich also emphasizes sustainability and corporate governance as part of its operational strategy.

The Board of Directors of Macerich (NYSE: MAC) has declared a quarterly cash dividend of $.17 per share, payable on March 3, 2023. This dividend will be provided to stockholders of record at the close of business on February 17, 2023. Macerich operates as a leading real estate investment trust (REIT), focusing on high-quality retail real estate primarily in densely populated U.S. markets, including California and the Metro New York area. The company's commitment to sustainability is highlighted by its #1 GRESB ranking in the North American retail sector for eight consecutive years.