Macerich at REITWeek 2016

The Macerich Company is a fully integrated self-managed and self-administered real estate investment trust. The Company focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. As of March 31, 2014, the Company owned 55 million square feet of real estate consisting primarily of interests in 50 regional shopping centers. Macerich specializes in retail properties in California, Arizona, Chicago and the Greater New York Metro area.

Jean Wood
+1-310-899-6366
jean.wood@macerich.com

Macerich announces $500 Million share repurchase program

February 13, 2017
SANTA MONICA, Calif., Feb. 13, 2017 /PRNewswire/ -- The Macerich Company (NYSE Symbol: MAC) today announced that the Company's Board of Directors has authorized the repurchase of up to $500 million of its outstanding common shares as market conditions and the Company's liquidity warrant. The usage of this repurchase program is not anticipated to change the recently issued 2017 earnings guidance. Repurchases may be made through open market purchases, privately negotiated transactions, structured or derivative transactions, including accelerated stock repurchase transactions, or other methods of acquiring shares and pursuant to Rule 10b5-1, from time to time as permitted by securitie...

Macerich Declares The Quarterly Dividend On Its Common Shares

February 09, 2017
SANTA MONICA, Calif., Feb. 9, 2017 /PRNewswire/ -- The Board of Directors of The Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.71 per share of common stock.  The dividend is payable on March 3, 2017 to stockholders of record at the close of business on February 21, 2017. Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 54 million square feet of real estate consisting primarily of interests in 48 regional shopping centers. Macer...

Macerich Announces Strong Quarterly Results

February 06, 2017
SANTA MONICA, Calif., Feb. 6, 2017 /PRNewswire/ -- The Macerich Company (NYSE Symbol: MAC) today announced results of operations for the quarter ended December 31, 2016, which included net income attributable to the Company of $ 37.1 million or $.26 per share-diluted for the quarter ended December 31, 2016 compared to net income attributable to the Company for the quarter ended December 31, 2015 of $415.0 million or $2.65 per share-diluted. Included in net income in the fourth quarter of the 2015 results is a $311 million or $1.86 per share gain on selling joint venture interests in four malls. For the fourth quarter, 2016, funds from operations ("FFO") diluted was $180.6 million or $1....

Macerich Announces The Sale Of Two Centers

January 19, 2017
SANTA MONICA, Calif., Jan. 19, 2017 /PRNewswire/ -- The Macerich Company (NYSE Symbol: MAC) today announced the sale of Cascade Mall in Burlington, WA and Northgate Mall in San Rafael, CA to Merlone Geier Partners for $170 million.  This transaction resulted in net proceeds to Macerich of approximately $100 million after the repayment of a floating-rate note on Northgate.  As of September 30, 2016, Cascade and Northgate generated sales per square foot of $319 and $421, respectively, and had occupancy rates of 86.5% and 94.9%, respectively.  These figures compare to Macerich portfolio averages of $626 per square foot in sales and 95.3% occupancy at 9/3...