On August 11, 2026, The Macerich Partnership completed the issuance of $775 million in aggregate principal amount of 2.25% Exchangeable Senior Notes due 2031, including the full exercise of a $100 million over-allotment option. The notes are fully guaranteed by The Macerich Company and accrue interest payable semi-annually on February 15 and August 15, beginning in February 2027. The initial exchange rate is 35.4761 shares of common stock per $1,000 principal amount, representing an exchange price of approximately $28.19 per share. Concurrently, the company entered into capped call transactions with a cap price of approximately $34.06 per share to mitigate potential dilution. Net proceeds were approximately $757 million after deducting discounts and offering expenses, with roughly $45 million allocated to the cost of the capped calls. The remaining net proceeds are intended to refinance existing secured debt and for general corporate purposes. The Macerich Company is a real estate investment trust that owns, operates, and develops high-quality retail real estate primarily in California and other major U.S. markets.

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.

The Macerich Company entered into additional forward sale agreements on June 23, 2026, following the underwriters' full exercise of a 30-day option to purchase 2,100,000 additional shares of common stock at $23.12325 per share. The company expects to physically settle the agreements to receive cash proceeds by June 16, 2027. Macerich is a real estate investment trust that owns and operates high-quality shopping malls and mixed-use properties.

On June 15, 2026, The Macerich Company entered into an underwriting agreement and separate forward sale agreements for the offering and sale of 14,000,000 shares of common stock. The agreement includes a 30-day option for underwriters to purchase an additional 2,100,000 shares. The initial forward price is set at $23.12325 per share. The company expects to physically settle these agreements and receive proceeds no later than June 16, 2027. Net proceeds will be contributed to The Macerich Partnership, L.P. to fund future acquisitions and general corporate purposes. The company operates in the real estate industry as a retail real estate investment trust.