Macerich sells two malls for $354.2M cash and debt relief

The Macerich Company has sold two shopping centers and plans to use the cash for general corporate purposes.

Rhea-AI Filing Summary

The Macerich Company has sold two shopping centers and plans to use the cash for general corporate purposes. On August 18, 2025, the company closed the sale of Lakewood Center in Lakewood, California, for $332.1 million, which includes the buyer’s assumption of a $317.1 million loan maturing in June 2026. Macerich expects to receive about $5.0 million of net proceeds from this transaction. On August 20, 2025, it also sold Valley Mall in Harrisburg, Virginia, for $22.1 million, generating expected net proceeds of approximately $20.9 million. The company states that both sets of net proceeds will be used for general corporate purposes.

Insights

Real estate and REIT analyst

Macerich sells two malls, sheds debt, and adds modest cash.

The Macerich Company completed two property sales in August 2025. Lakewood Center was sold for $332.1 million, with the buyer assuming a $317.1 million loan maturing in June 2026, leaving about $5.0 million of net proceeds to Macerich. Valley Mall was sold for $22.1 million, producing expected net proceeds of roughly $20.9 million.

These transactions combine modest new cash with a reduction in secured debt tied to Lakewood Center. The company indicates the net proceeds from both deals will be used for general corporate purposes, which can include balance sheet or liquidity objectives, and references these dispositions in the context of its broader Path Forward Plan and de‑leveraging targets.

The overall impact depends on how management ultimately allocates the proceeds and on subsequent performance relative to the Path Forward Plan, which the company notes includes goals around de‑leveraging, growth rates, and acquisition and disposition activity.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What properties did The Macerich Company (MAC) sell in August 2025?

The company sold Lakewood Center in Lakewood, California, on August 18, 2025, and Valley Mall in Harrisburg, Virginia, on August 20, 2025.

How much did Macerich (MAC) receive for the Lakewood Center sale?

Macerich sold Lakewood Center for $332.1 million, including the buyer’s assumption of a $317.1 million loan that matures in June 2026, and expects about $5.0 million of net proceeds.

What were the terms of the Valley Mall sale by Macerich (MAC)?

Macerich sold Valley Mall, an unencumbered asset in Harrisburg, Virginia, for $22.1 million and expects net proceeds of approximately $20.9 million.

How will Macerich (MAC) use the proceeds from the Lakewood Center and Valley Mall sales?

The company states that the expected net proceeds of about $5.0 million from Lakewood Center and roughly $20.9 million from Valley Mall will be used for general corporate purposes.

How do these asset sales relate to Macerichs (MAC) Path Forward Plan?

The company notes that forward-looking statements include expectations about using proceeds from the Lakewood Center and Valley Mall dispositions in connection with its Path Forward Plan, which covers de‑leveraging targets, growth rates, and acquisition and disposition goals.

What risks does Macerich (MAC) highlight in connection with these forward-looking statements?

Macerich cites risks such as economic conditions, elevated interest rates and inflation, tenant bankruptcies or closures, real estate market competition, development and redevelopment risks, financing availability and costs, government actions, environmental and safety requirements, and potential impacts from pandemics or other disruptive events.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/21/2025 - 04:15 PM Learn about SEC filing dates

MACERICH CO false 0000912242 0000912242 2025-08-18 2025-08-18

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 18, 2025

THE MACERICH COMPANY

(Exact name of registrant as specified in its charter)

Maryland		1-12504		95-4448705
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

401 Wilshire Boulevard, Suite 700, Santa Monica, California 90401

(Address of principal executive offices) (Zip code)

Registrant’s telephone number, including area code (310) 394-6000

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol(s)		Name of each exchange on which registered
Common stock of The Macerich Company, $0.01 par value per share		MAC		The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 8.01 OTHER EVENTS.

On August 18, 2025, The Macerich Company (the “Company”) closed on the sale of Lakewood Center in Lakewood, California, for $332.1 million, including the assumption by the buyer of the $317.1 million loan on the property that has a June 2026 maturity date. The Company expects to use the approximate $5.0 million of net proceeds to Macerich from this sale for general corporate purposes.

Additionally, on August 20, 2025, the Company closed on the sale of Valley Mall in Harrisburg, Virginia, for $22.1 million. This asset was unencumbered. The Company expects to use the net proceeds of approximately $20.9 million from this sale for general corporate purposes.

Forward-Looking Information

This Current Report contains statements that constitute forward-looking statements, which can be identified by the use of words, such as “will,” “expects,” “pro forma”, “anticipates,” “assumes,” “believes,” “estimated,” “guidance,” “potential,” “target,” “projects,” “scheduled” and similar expressions that do not relate to historical matters, and includes expectations regarding the Company’s future operational results, including in connection with the anticipated use of proceeds from the Lakewood Center and Valley Mall dispositions and the Path Forward Plan and its ability to meet the established goals under such Plan, including de-leveraging targets, growth rates and acquisition and disposition goals, as well as development, redevelopment and expansion activities. Stockholders are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to vary materially from those anticipated, expected or projected. Such factors include, among others, general industry, as well as global, national, regional and local economic and business conditions, including the impact of tariffs and elevated interest rates and inflation, which will, among other things, affect demand for retail space or retail goods, availability and creditworthiness of current and prospective tenants, anchor or tenant bankruptcies, closures, mergers or consolidations, lease rates, terms and payments, elevated interest rates and its impact on the financial condition and results of operations of the Company, including as a result of any increased borrowing costs on the Company’s outstanding floating-rate debt and defaults on mortgage loans, availability, terms and cost of financing and operating expenses; adverse changes in the real estate markets including, among other things, competition from other companies, retail formats and technology, risks of real estate development and redevelopment (including elevated inflation, supply chain disruptions and construction delays), acquisitions and dispositions; adverse impacts from any pandemic, epidemic or outbreak of any highly infectious disease on the U.S., regional and global economies and the financial condition and results of operations of the Company and its tenants; the liquidity of real estate investments; governmental actions and initiatives (including legislative and regulatory changes); environmental and safety requirements; and terrorist activities or other acts of violence, which could adversely affect all of the above factors. The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2024, for a discussion of such risks and uncertainties, which discussion is incorporated herein by reference. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this Current Report. The Company does not intend, and undertakes no obligation, to update any forward-looking information to reflect events or circumstances after the date of this Current Report or to reflect the occurrence of unanticipated events unless required by law to do so.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, The Macerich Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		THE MACERICH COMPANY
		By: Daniel E. Swanstrom II
August 21, 2025		/s/ Daniel E. Swanstrom II
Date		Senior Executive Vice President, Chief Financial Officer and Treasurer