MACERICH CO (MAC) Form 10-Q — Aug 5, 2026

$MACForm 10-QFiled Aug 5, 2026, 8:33 AM ET0000912242-26-000037Original filing

The Macerich Company's Q2 2026 net loss narrowed to $27.1 million, or $0.10 per share, from $40.9 million, or $0.16 per share, a year earlier, on essentially flat revenue of $249.7 million. Adjusted FFO attributable to common stockholders and unitholders rose to $100.4 million from $88.7 million. Operations kept improving: leased occupancy reached 94.0% at June 30, up 2.0 points year-over-year, comparable tenant sales rose 3.1% on a trailing-twelve-month basis, and tenant sales per square foot hit $919 versus $849.

Key figures

Eps: -$0.10 (Q2 2026 basic and diluted) vs -$0.16 (Q2 2025)
Revenue: $249.7 million (Q2 2026); $491.2 million (six months 2026)
Guidance: Expects to generate positive cash flow in 2026 after recurring operating capex, leasing capex and dividends, excluding any capital from dispositions, refinancings or common stock issuances.
Net Income: -$27.1 million attributable to the Company in Q2 2026 vs -$40.9 million in Q2 2025; -$63.4 million for six months vs -$91.0 million
Total Debt: $4.85 billion of mortgage notes payable (down from $5.07 billion at year-end 2025)
Revenue Yoy: -0.03% Q2 YoY; -1.6% six months YoY
Total Assets: $8.52 billion
Cash Position: $227.0 million at June 30, 2026 (plus $83.9 million restricted cash)
Shares Outstanding: 283559375
Revolver: $900 million (upsized from $650 million), maturing March 2030
Atm program: $85.6 million gross raised in H1 2026; $288.5 million remaining
Leased occupancy: 94.0% at June 30, 2026 vs 92.0% a year earlier and 93.4% at March 31, 2026
May 2026 offering: 22,080,000 shares at $21.00; gross $463.7 million; net $448.2 million
Ffo as adjusted q2: $100.4 million vs $88.7 million in Q2 2025
Acquisition annapolis: $260.0 million plus $12.0 million Sears parcel (April 30, 2026)
Tenant sales per sqft: $919 TTM vs $849 prior year
June 2026 forward sale: 16,100,000 shares at initial forward price of $23.12325; settle by June 16, 2027
Jv impairment company share: $8.0 million in H1 2026
Quarterly dividend per share: $0.17
Comparable tenant sales growth: 3.1% TTM; 3.2% in Q2

Price after filing

1 day: -9.2%7 days: -4.7%30 days: -10.9%

Close on the filing date to close N calendar days later (from $25.87). Historical, not a forecast.

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