Every 8-K that Macerich (MAC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow MAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MAC filings page.
The Macerich Company, through The Macerich Partnership, L.P., completed a private offering of $775,000,000 aggregate principal amount of 2.25% Exchangeable Senior Notes due 2031, including the full $100,000,000 option exercised by initial purchasers. The Notes are senior, unsecured obligations of the Partnership and are fully and unconditionally guaranteed on a senior, unsecured basis by the Company, maturing on August 15, 2031, with interest payable semi-annually on February 15 and August 15, beginning February 15, 2027.
The initial exchange rate is 35.4761 shares of common stock per $1,000 principal amount of Notes (initial exchange price approximately $28.19 per share), subject to adjustment, with exchanges generally settled in cash up to principal and any excess in cash, stock, or a combination. The Notes are redeemable by the Partnership on or after August 20, 2029 if stock-price and liquidity conditions are met, and are subject to repurchase upon certain Fundamental Change events. Net proceeds were approximately $757.0 million, of which about $45.0 million will fund related capped call transactions; the remainder will be used to refinance existing secured debt and for general corporate purposes.
The Company and Partnership entered into a Registration Rights Agreement to cover resales of any exchange shares and into capped call transactions with a cap price of approximately $34.06 per share, intended to reduce potential dilution or offset cash payments. A related First Amendment to the existing Credit Agreement was executed to facilitate this financing.
The Macerich Company filed a new automatic shelf registration statement on Form S-3 on August 5, 2026 to replace its prior Form S-3 (No. 333-273707), which expired on August 4, 2026 under Rule 415(a)(5) of the Securities Act of 1933.
In connection with the new shelf, the company filed four prospectus supplements to continue offerings that had been covered under the prior shelf, including one for its ATM Program. Macerich plans to contribute net proceeds from any ATM Program common stock sales to its Operating Partnership in exchange for OP Units; the Operating Partnership intends to use those proceeds to repay indebtedness and for general corporate purposes. Macerich will not receive proceeds from shares sold under the MACWH, OP Unit or Resale prospectus supplements. The company also executed Amendment No. 1 to its Equity Distribution Agreement, adding Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc. as additional sales agents.
The Macerich Company reported Q2 2026 results showing a narrower net loss attributable to the Company of $27.1 million, or $(0.10) per diluted share, compared with a net loss of $40.9 million, or $(0.16) per share, a year earlier, helped by a gain on sale of assets. FFO, as adjusted, rose to $100.4 million, or $0.35 per diluted share, from $88.7 million, or $0.34 per share, while Go-Forward Portfolio Centers NOI excluding lease termination income increased 3.8%.
Operational metrics strengthened, with leased portfolio occupancy at 94.0% as of June 30, 2026 (95.5% for Go-Forward Portfolio Centers), up from 92.0% a year earlier. Portfolio tenant sales per square foot for spaces under 10,000 square feet over the trailing twelve months rose to $919 from $849, and the company signed about 1.3 million square feet of leases in the quarter, supporting an estimated $124 million new-store revenue pipeline at its share through 2028.
On the balance sheet, Macerich acquired Annapolis Mall for $260 million plus a $12 million adjacent parcel and financed it partly with its revolver. It raised approximately $23.8 million of gross proceeds through its ATM program and completed a 22,080,000-share underwritten offering at $21.00, generating net proceeds of $448.2 million mainly used to repay revolver borrowings and fund investments. A 16.1 million-share forward offering at $23.90 provides additional future equity. Total portfolio debt at share was $6.34 billion, with Net Debt to Adjusted EBITDA of 7.30x (6.83x pro forma for unsettled forward equity), and liquidity was about $1.2 billion, including the full $900 million revolving credit facility. A quarterly cash dividend of $0.17 per share was declared, payable September 28, 2026.
The Macerich Company reports that underwriters have fully exercised a 30-day option related to its recent equity offering, triggering additional forward sale agreements for 2,100,000 shares of common stock at $23.12325 per share. These shares are being sold by forward sellers who borrowed stock from third parties.
The company has entered into additional forward sale agreements tied to these option shares and expects to physically settle them and receive cash proceeds from the sale of those shares no later than June 16, 2027, though it may instead choose cash or net share settlement. Macerich plans to contribute any net proceeds to its operating partnership, which intends to use the funds for future acquisitions and general corporate purposes, with temporary investment in short-term, interest-bearing accounts.
The Macerich Company entered into an underwritten forward equity offering tied to 14,000,000 shares of its common stock. Forward sellers borrowed and sold the shares to the underwriters, and Macerich entered into related Forward Sale Agreements with multiple forward purchasers.
The company granted the underwriters a 30-day option for up to an additional 2,100,000 shares through Additional Forward Sale Agreements. The Forward Sale Agreements carry an initial forward price of $23.12325 per share and are expected to be physically settled in cash no later than June 16, 2027, though cash or net share settlement is also permitted.
Macerich plans to contribute the net proceeds from settling the Forward Sale Agreements to The Macerich Partnership, L.P., which intends to use the funds for future acquisitions and general corporate purposes, with temporary investment in short-term, interest-bearing deposits.
The Macerich Company reported the results of its annual meeting of stockholders held on June 1, 2026. Stockholders elected eight directors to serve until the next annual meeting, with each nominee receiving over 214 million votes in favor.
Stockholders approved the compensation of the company’s named executive officers, with 211,705,512 votes for, 17,257,788 against and 104,018 abstentions, and 11,123,711 broker non-votes. They also ratified the appointment of KPMG LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 237,981,568 votes for, 2,023,584 against and 185,877 abstentions.
The Macerich Company filed an 8-K to furnish a new investor presentation updating its Path Forward Plan and long-term outlook. The deck highlights a Class A–focused mall portfolio, progress on deleveraging, and a substantial leasing and redevelopment pipeline intended to support future growth.
The Go-Forward Portfolio generated sales of $941 per square foot and averages seven annual visits per center, with roughly 90% of NOI coming from Class A properties. Management reports record leasing in 2025, an in-place Signed Not Open pipeline of about $120 million of incremental annual revenue and a goal of roughly $140 million. Pro forma leverage has been reduced by 1.5x from 8.76x at year-end 2023 to 7.76x net debt to EBITDA as of March 31, 2026, with a stated target of about 6.0x.
The presentation outlines illustrative 2028 Pro Forma NOI for the Go-Forward Portfolio in a range of $950–$990 million and a 2028 target FFO per share between $1.80 and $2.00, based on approximately 300 million shares. Macerich also notes about $1.3 billion of completed asset sales, a further $300–$400 million of anticipated 2026 dispositions, and a $900 million revolving credit facility contributing to roughly $1.2 billion of available liquidity.
The Macerich Company completed a common stock offering, issuing and selling 22,080,000 shares at a public offering price of $21.00 per share under an underwriting agreement with Goldman Sachs & Co. LLC and other underwriters. The underwriters’ 30-day option to purchase up to an additional 2,880,000 shares of common stock was exercised in full.
The company will contribute the net proceeds to The Macerich Partnership, L.P. in exchange for securities with economic interests similar to the common stock. The operating partnership intends to use the net proceeds to repay borrowings under the company’s revolving credit facility, which were used primarily to fund the acquisition of Annapolis Mall, and for general corporate purposes including acquiring additional properties and funding strategic leasing capital investments at Annapolis Mall, with any interim funds held in short-term, interest-bearing deposits.
The Macerich Company reported first‑quarter 2026 results showing a smaller loss and steady cash distributions while advancing its Path Forward Plan. Net loss attributable to the Company was $36.4 million, or $0.14 per diluted share, versus $50.1 million, or $0.20, a year earlier, mainly due to gains on asset sales.
Funds from Operations (FFO), as adjusted, was $92.4 million, or $0.34 per diluted share, compared with $89.8 million, or $0.34, in 2025, helped by approximately $10.1 million of gains on undepreciated asset sales. Go‑Forward Portfolio Centers NOI excluding lease termination income rose 1.2% year over year, while trailing‑twelve‑month tenant sales per square foot increased to $899 from $837.
The company was active on the balance sheet: it extended a $200 million South Plains Mall loan, upsized and extended its revolving credit facility to $900 million, repaid a $211.5 million Vintage Faire Mall loan, and raised about $85.6 million of gross proceeds by selling roughly 4.5 million common shares through its at‑the‑market program. It also agreed to acquire Annapolis Mall and an adjacent parcel for a combined $272 million and reported approximately $780 million of liquidity, with debt equal to 55.7% of total market capitalization and Net Debt to Adjusted EBITDA of 7.76x.
The Macerich Company furnished a business update alongside its appearance at Citi’s 2026 Global Property CEO Conference, highlighting record leasing momentum, a sizable signed‑not‑open pipeline and progress on its deleveraging plan.
For the full year 2025, Macerich signed 1,199 leases versus 819 in 2024, with 291 store openings versus 197 and go-forward leased occupancy rising to 94.9%. The company reports about $107 million of signed‑not‑open revenue uplift committed, with cumulative potential of roughly $140 million that it estimates will flow about 80% to NOI. A five-year plan calls for about 1,000 new tenant openings, with roughly 800 already committed or in letter‑of‑intent stage and leasing completion at 76% as of February 2026.
Macerich is also replacing 30 legacy anchors totaling 2.9 million square feet, targeting an estimated $750 million in annual sales. On the balance sheet side, it outlines a roughly $2 billion asset sale and give‑back program, with about $1.4–$1.5 billion already addressed through completed or in‑process mall and outparcel transactions.
The Macerich Company entered into a Second Amended and Restated Credit Agreement providing a $900 million secured revolving loan facility maturing on March 1, 2029, with an option to extend to March 1, 2030. The facility can be increased to $1.1 billion subject to additional lender commitments and conditions.
Borrowings bear interest at either a Base Rate or Term SOFR plus a margin currently ranging from 0.80% to 2.20%, with the margin tied initially to debt yield and later to net debt to EBITDA upon meeting performance thresholds. As of signing, the applicable margin was 0.90% for Base Rate loans and 1.90% for Term SOFR loans.
The agreement is secured by mortgages on certain wholly owned assets and equity pledges and is unconditionally guaranteed by Macerich and certain subsidiaries. It includes a borrowing base maintenance covenant, minimum debt yield and fixed charge coverage tests, a cap on floating rate debt, and customary covenants and events of default. The borrower also pays a monthly facility fee on unused commitments.
The Macerich Company reported a much smaller net loss as operating metrics and leasing improved in 2025. Net loss attributable to the company was $18.8 million, or $0.07 per diluted share, in Q4 2025 versus a net loss of $211.2 million, or $0.89 per diluted share, a year earlier, largely because 2024 included sizable losses on asset sales and write-downs.
Q4 funds from operations (FFO) excluding specified financing and investment items rose to $128.9 million, or $0.48 per diluted share, from $116.7 million, or $0.47. Go-Forward Portfolio Centers net operating income excluding lease termination income increased 1.7% year over year in Q4 and 1.8% for 2025.
Leasing momentum was strong: the company signed 1.4 million square feet of leases in Q4, up 36%, and 7.1 million square feet for the year, an 85% increase and a company record. New store leases are expected to generate about $107 million of gross revenue at Macerich’s share above 2024 levels over 2024–2028. Portfolio tenant sales per square foot for spaces under 10,000 square feet reached $881, up from $837 a year earlier, with Go-Forward Portfolio Centers at $921.
The company continued executing its “Path Forward Plan,” completing approximately $1.3 billion of asset dispositions over 2024–2025 and extending key debt, including a four-year extension of the $200 million South Plains Mall loan at a 4.22% rate. At period end, Macerich reported about $990 million of liquidity, including full availability on its $650 million revolving credit line, total pro rata debt of $6.59 billion, and net debt to adjusted EBITDA of 7.78x. A quarterly dividend of $0.17 per common share was declared, continuing the company’s consistent payout.
The Macerich Company reported that it has posted a new business update presentation on the Investor Relations section of its website. The presentation is being used for investor meetings at the Nareit REITWorld conference in Dallas, Texas, held from December 8 to December 10. The materials, furnished as Exhibit 99.1, provide an update on the company’s business but are designated as “furnished” rather than “filed,” which limits their use for certain legal purposes under securities laws.
The Macerich Company furnished its Earnings Results & Supplemental Information for the three and nine months ended September 30, 2025. The materials were posted to the company’s website and furnished as Exhibit 99.1 to a Form 8-K. The information was provided under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure) and is expressly stated as furnished, not filed, and not incorporated by reference into other SEC filings.
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.
The Macerich Company (MAC) filed a Form 8-K reporting that on August 11, 2025 it posted an "Earnings Results & Supplemental Information" document with financial and operating information for the three and six months ended June 30, 2025. The supplement is furnished as Exhibit 99.1 and the filing also includes an Inline XBRL cover page as Exhibit 104. The company states the exhibit is furnished under Items 2.02 and 7.01 and explicitly notes it is not "filed" with the SEC or incorporated by reference into other filings. The report is signed by CFO Daniel Swanstrom.
The Macerich Company (NYSE: MAC) has announced the acquisition of Crabtree Mall in Raleigh, NC for $290 million. The Class A retail property encompasses approximately 1.3 million square feet of space.
Key transaction details:
- Purchase funded through cash on hand and $100 million in borrowings from revolving credit facility
- Transaction completed on June 24, 2025
- Company released investor presentation and press release regarding the acquisition
The filing includes disclosure of investor materials made available on the company's website (investing.macerich.com) and confirms that the information provided is "furnished" rather than "filed" under Securities Exchange Act requirements. This strategic acquisition represents a significant expansion of Macerich's retail portfolio in the North Carolina market.