Earnings ·
The Macerich Company reported a net loss of $27.1 million ($0.10 per diluted share) for the second quarter ended June…
MACMacerich Co
The Macerich Company reported a net loss of $27.1 million ($0.10 per diluted share) for the second quarter ended June 30, 2026, compared to a $40.9 million loss in the prior year period, primarily due to gains on asset sales. Adjusted Funds from Operations (FFO) increased to $100.4 million ($0.35 per diluted share) from $88.7 million. The company announced a quarterly cash dividend of $0.17 per share, payable September 28, 2026, to shareholders of record on September 14, 2026. During the quarter, Macerich sold approximately 1.2 million shares via its ATM program for $23.8 million and closed a public offering of 22.08 million shares generating $448.2 million in net proceeds to repay credit facility borrowings used for the Annapolis Mall acquisition. The company also initiated a forward sale agreement for 16.1 million shares at $23.90 per share, with physical settlement expected by June 16, 2027. Macerich operates as a real estate investment trust focused on acquiring, leasing, and managing regional retail centers in the United States.