MACERICH CO reports that FMR LLC (with Abigail P. Johnson listed) beneficially owns 26,502,907.21 shares of Common Stock, representing 10.2% of the class. The filing lists sole dispositive power of 26,502,907.21 shares and sole voting power of 25,934,014.64 shares. The disclosure is an amendment to a Schedule 13G filing and references Exhibit 99 and an attached power of attorney.
The Macerich Company reported a smaller net loss for Q1 2026 while reshaping its mall portfolio and balance sheet. Total revenues were $241.5 million versus $249.2 million a year earlier, as leasing revenue declined modestly. Net loss attributable to the company improved to $36.4 million, or $0.14 per share, compared with a $50.1 million loss, or $0.20 per share, in Q1 2025, helped by lower depreciation, interest expense and a $6.8 million net gain on property and land sales.
Cash from operating activities was $77.4 million, down from $88.5 million, while cash, cash equivalents and restricted cash totaled $270.8 million at quarter‑end. Macerich strengthened liquidity by upsizing and extending its revolving credit facility to $900 million, with $799.4 million of availability, and by raising about $65.5 million of net equity through its at‑the‑market program. The company continued its capital recycling, investing in redevelopment projects and, after quarter‑end, acquiring Annapolis Mall and an adjacent parcel for $272 million funded with cash and credit facility borrowings.
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.
FMR LLC filed an Amendment No. 4 Schedule 13G/A reporting beneficial ownership of 23,912,076.12 shares of Macerich Company common stock, representing 9.3% of the class as of 03/31/2026.
The filing lists sole voting power of 23,287,911 shares and sole dispositive power of 23,912,076.12 shares. The report names Abigail P. Johnson in connection with dispositive power and includes an Exhibit 99 13d-1(k)(1) agreement. Signatures are dated 05/05/2026.
Macerich Co/The reported that Vanguard Capital Management beneficially owned 13,593,968 shares of Common Stock, equal to 5.29% of the class as of 03/31/2026. The filing shows sole voting power for 2,121,362 shares and sole dispositive power for 13,593,968 shares held on behalf of various Vanguard-managed accounts.
The Schedule 13G filing states these holdings include securities held by Vanguard funds and certain affiliates and that no single outside person holds more than 5.29% of the class.
Macerich Co/The reported beneficial ownership by Vanguard Portfolio Management LLC. Vanguard Portfolio Management reports 25,664,934 shares of Common Stock, representing 9.99% of the class, with sole dispositive power over 25,664,934 shares and sole voting power for 99,075 shares. The filing is signed 04/29/2026.
The Macerich Company is soliciting proxies for its 2026 Annual Meeting of Stockholders, to be held virtually on June 1, 2026 at 9:00 a.m. Eastern Time via live audio webcast.
Stockholders will vote on electing eight directors, an advisory say-on-pay resolution, and ratifying KPMG LLP as independent auditor for the fiscal year ending December 31, 2026. Each share of common stock carries one vote, with 260,176,148 shares outstanding as of the March 27, 2026 record date.
The proxy describes a board composed mostly of independent directors, robust governance practices, and a pay-for-performance executive compensation program. CEO Jackson Hsieh’s target total compensation is $9.0 million, heavily weighted to performance-based long-term equity tied to relative total stockholder return. In 2025, approximately 90% of votes supported the prior say-on-pay proposal.
Smead Capital Management filed an amendment reporting beneficial ownership of 12,155,332.57 shares of Macerich Company common stock, representing 4.74% of the class. The filing is a joint Schedule 13G/A amendment signed by Smead Capital, William W. Smead, and Cole W. Smead.
The report lists sole voting and dispositive power over 12,155,332.57 shares and provides the issuer's principal office address in Santa Monica, California.
Macerich Co. Schedule 13G/A amendment discloses that The Vanguard Group reports 0 shares beneficially owned of Macerich common stock, representing 0% of the class following an internal realignment described in the filing. The realignment occurred on 01/12/2026 and the amendment is signed on 03/27/2026. The filing states Vanguard subsidiaries and business divisions will report holdings separately in reliance on SEC Release No. 34-39538.