PHOTOS: Washington Square mall update renderings
New renderings have been released showcasing the planned updates for Washington Square mall, specifically highlighting changes to its food court. These images provide a visual preview of what the modernized mall areas will look like upon completion. The article features a gallery of five images detailing these proposed renovations.
Will Macerich's (MAC) Upsized US$403 Million Equity Raise Recast Its Repair-and-Reshape Narrative?
The Macerich Company (MAC) recently completed an upsized equity offering, raising US$403.2 million, which provides fresh capital to support its repair-and-reshape strategy. This influx of funds aims to alleviate balance sheet pressures and finance leasing, redevelopment, and potential dispositions, despite concerns about ownership dilution and the company's high leverage. The capital raise is seen as assisting Macerich in maintaining occupancy and rent levels for its well-located properties amid ongoing retail sector challenges.
Will Macerich's (MAC) Upsized US$403 Million Equity Raise Recast Its Repair-and-Reshape Narrative?
Macerich (MAC) recently completed an upsized equity offering of 19.2 million shares at US$21 each, raising approximately US$403.2 million. This capital injection follows first-quarter 2026 results showing slightly lower revenue but a reduced net loss, aiming to reshape the balance between funding needs and ownership dilution. While the raise modestly eases near-term balance sheet strain, Macerich's high leverage and refinancing needs remain key considerations for investors.
From Anchor Openings to Gen Z Attractions, How Macerich Is Investing in Its Class A Portfolio
Macerich is actively investing in its Class A retail properties to enhance the customer experience and boost performance. This involves replacing vacant anchors with in-demand tenants like Dick's House of Sport and Von Maur, introducing entertainment options, and redesigning common areas to attract a wider demographic, particularly Gen Z shoppers. The strategy focuses on curating dynamic tenant mixes and modern amenities to increase foot traffic and dwell time.
A Look At Macerich (MAC) Valuation After Its US$403.2 Million Follow On Equity Offering
Macerich (MAC) recently completed a follow-on equity offering, raising $403.2 million, which is linked to its Annapolis Mall acquisition. Despite the stock's strong performance over the past year, analysts view it as slightly overvalued at $21.97 compared to a fair value of $21.63, though fresh capital is now available. Investors are advised to consider the company's leverage and ongoing pressures on brick-and-mortar retail when evaluating future growth opportunities.
VIRGINIA RETIREMENT SYSTEMS ET Al Trims Stock Position in Macerich Company (The) $MAC
Virginia Retirement Systems ET Al reduced its stake in Macerich Company (MAC) by 22.4% in Q4 2025, selling 162,450 shares. Despite this, Macerich reported better-than-expected Q1 earnings of $0.34 per share, though revenue was down year-over-year. The company also declared a quarterly dividend of $0.17 per share, and analysts currently rate the stock as a "Hold" with an average price target of $21.15.
A Look At Macerich (MAC) Valuation After Its US$403.2 Million Follow On Equity Offering
Macerich (MAC) recently completed a follow-on equity offering, raising $403.2 million for its Annapolis Mall acquisition. Analysts currently view the stock as slightly overvalued at $21.63 compared to its last close of $21.97, despite solid recent share price momentum. Investors should consider the company's leverage and pressures on brick-and-mortar retail, while also noting that fresh capital is now in play.
A Look At Macerich (MAC) Valuation After Its US$403.2 Million Follow On Equity Offering
Macerich (MAC) recently completed a US$403.2 million equity offering to fund its Annapolis Mall acquisition, following strong share price performance. While analysts see the stock as slightly overvalued at $21.63 compared to its current trading price of $21.97, the company's "Path Forward Plan" and balance sheet improvements are cited as positive factors. Investors should consider Macerich's leverage and ongoing pressures on brick-and-mortar retail despite the fresh capital injection.
Macerich Completes Equity Offering to Fund Mall Acquisition
The Macerich Company (MAC) recently completed a public offering of 22,080,000 shares of common stock at $21.00 per share, raising significant capital. The net proceeds will primarily be used to repay debt incurred from acquiring Annapolis Mall and for general corporate purposes, including future acquisitions and strategic leasing investments. Spark, TipRanks’ AI Analyst, rates MAC as Neutral due to weak financial performance and high leverage, despite positive technicals and a modest dividend yield.
Macerich sells 22.08M shares at $21 to fund loan repayment and mall investments
Macerich (MAC) completed a public offering of 22.08 million common shares at $21.00 per share, with underwriters fully exercising their option. The net proceeds will be used by the Operating Partnership to repay revolving credit borrowings, primarily related to the Annapolis Mall acquisition, and for general corporate purposes. This offering aims to strengthen the company's financial position and invest in its properties.
[424B5] MACERICH CO Prospectus Supplement (Debt Securities)
The Macerich Company (MAC) has filed a prospectus supplement for an offering of 19,200,000 shares of common stock at $21.00 per share, with an option for underwriters to purchase an additional 2,880,000 shares. The net proceeds, estimated at $389.6 million, will be contributed to the Operating Partnership primarily to repay borrowings under its revolving credit facility and for general corporate purposes, including investments at Annapolis Mall. The filing details underwriting arrangements, lock-ups, and international selling restrictions, while also outlining the company's structure as a REIT and the risks associated with investing in its common stock.
Macerich Co - now offering 19.2 million shares of common stock - SEC filing
Macerich Co. has announced an offering of 19.2 million shares of common stock, as detailed in an SEC filing. This news follows their recent financial activities, including the pricing of an upsized $403.2 million stock offering and the reporting of Q1 2026 earnings. The company also recently acquired a Class A retail center in Annapolis, MD, and declared a quarterly dividend.
Macerich raises US$403m overnight to bolster balance sheet
Macerich successfully raised US$403 million overnight, a move intended to strengthen its balance sheet. However, the full content of the article is restricted to subscribers. To access the details, users are prompted to either sign in or request a trial subscription.
Macerich Acquires Super-Regional Annapolis Mall
Macerich has acquired Annapolis Mall, a super-regional shopping center in the East Coast, along with an adjacent vacant Sears parcel, for $272 million. The acquisition excludes the Macy's anchor and a vacant JCPenney store. Macerich plans to invest approximately $40 million in leasing capital and implement a strategic investment plan to transform the property, building on prior owners' efforts.
Macerich Announces Pricing Of Upsized Public Offering Of Common Stock
Macerich (MAC) has announced the pricing of an upsized public offering of common stock. The article is a brief news alert from Reuters, indicating that Macerich has finalized the details for a larger-than-initially-planned stock offering. Further details on the offering size or pricing were not included in this snippet.
Upsized Macerich stock sale to raise $403M for Annapolis mall
Macerich (NYSE: MAC) has announced the pricing of an upsized public offering of 19,200,000 common shares at $21.00 per share, aiming to raise approximately $403.2 million. The offering, which includes an option for underwriters to purchase an additional 2,880,000 shares, is expected to close on May 13, 2026. Proceeds will primarily be used to repay borrowings from its revolving credit facility, which were utilized for the acquisition of Annapolis Mall, and for general corporate purposes, including further property acquisitions and capital investments at Annapolis Mall.
Macerich Company Prices Upsized Public Offering of 19.2 Million Shares at $21.00 Each for Gross Proceeds of $403.2 Million
The Macerich Company has priced an upsized public offering of 19.2 million shares at $21.00 each, aiming to raise $403.2 million in gross proceeds. The net proceeds will primarily be used to repay borrowings related to the Annapolis Mall acquisition and for general corporate purposes, including property investments. The offering is expected to close on May 13, 2026, with Goldman Sachs & Co. LLC as the lead bookrunner.
After Annapolis Mall deal, Macerich offers 16M new shares
Macerich (NYSE: MAC) has announced an underwritten public offering of 16 million common shares, with an option for underwriters to purchase an additional 2.4 million shares. The company intends to use the net proceeds to repay borrowings from its revolving credit facility, primarily used for the Annapolis Mall acquisition, and for general corporate purposes including further property acquisitions and leasing investments at the mall. Following this news, Macerich's stock declined 3.05%.
Macerich (NYSE: MAC) prospectus to sell 16.0M shares; 2.4M overallotment option
The Macerich Company (NYSE: MAC) is offering 16 million shares of common stock in a public offering, with underwriters having a 30-day option to purchase an additional 2.4 million shares. The net proceeds will be contributed to its Operating Partnership to repay borrowings under its revolving credit facility and for general corporate purposes, including investments at Annapolis Mall, which was recently acquired for $272 million. The prospectus highlights the company's REIT status, ownership limitations, and risk factors related to stock price fluctuations, future equity issuances, and market conditions.
Macerich Acquires Annapolis Mall For $272 Million
Macerich has acquired Annapolis Mall, a 1.5 million square foot retail center in Annapolis, Maryland, for $272 million, including an adjacent vacant Sears parcel. The acquisition was funded with cash on hand and borrowings, and is expected to be accretive to Macerich's financial targets with a Year 1 net operating income yield of approximately 9.2%. The company plans to invest around $40 million in leasing capital for remerchandising, anticipating significant NOI growth from new tenants like Dick’s House of Sport, Tesla, and Uniqlo.
News | Macerich bets big on malls that lure Gen Z shoppers
Macerich is actively reshaping its mall portfolio to attract Generation Z shoppers, focusing on higher-quality centers and replacing vacant anchor spaces with dynamic tenants. The REIT recently acquired Annapolis Mall for $272 million and Crabtree Mall for $290 million, while also divesting underperforming assets. This strategy, dubbed "Path Forward," aims to reduce debt and enhance the appeal of enclosed malls through experiential retail and strategic acquisitions in affluent markets, leveraging a perceived Gen Z return to physical shopping.
UBS Group AG Sells 203,490 Shares of Macerich Company (The) $MAC
UBS Group AG reduced its stake in Macerich Company (The) by 11.9% in the fourth quarter, selling 203,490 shares and now holding 1.5 million shares valued at approximately $27.7 million. Despite the institutional selling, Macerich recently surpassed first-quarter earnings and revenue expectations, reporting EPS of $0.34 and revenue of $241.5 million, with improvements in leasing activity and occupancy. The company also declared a quarterly dividend of $0.17 per share, yielding 3.1% annually, although analyst opinions remain mixed with an average "Hold" rating.
Macerich (NYSE:MAC) Upgraded to "Hold" at Wall Street Zen
Wall Street Zen upgraded Macerich (NYSE:MAC) from "strong sell" to "hold" following the company's Q1 earnings beat, which reported EPS of $0.34 and revenue of $241.5 million. Despite the upgrade, analyst sentiment for Macerich remains mixed, with a consensus "Hold" rating and a target price of $20.92 against a Friday opening price of $21.85. The real estate investment trust also showed improving leasing and occupancy trends, and institutional investors have recently adjusted their positions in the stock.
How Investors Are Reacting To Macerich (MAC) Leasing-Driven Earnings Beat And Annapolis Mall Acquisition
Macerich reported strong Q1 2026 results with a leasing-driven earnings beat and acquired Annapolis Mall, reinforcing its "Path Forward" strategy despite a leveraged balance sheet. The company's focus on high-quality trade areas and strong leasing volume is viewed as a near-term catalyst, although high net debt remains a significant risk. Analysts will be observing if these developments support or challenge current optimistic forecasts for MAC.
Macerich (MAC) FFO Of US$92 Million Keeps Bullish Cash Flow Narrative In Play
Macerich (MAC) reported Q1 2026 earnings with US$92.4 million in FFO despite a net loss of US$0.14 per share, highlighting a divergence between strong cash flow and reported accounting losses. The article discusses the tension between FFO strength and ongoing net losses, emphasizing that cash generation remains significant. While analysts forecast substantial earnings growth, revenue growth remains modest, creating a mixed outlook for investors considering the stock's valuation gap.
Centennial Sells 1.6 Million-Square-Foot Annapolis Mall to Macerich for $272 Million
Centennial, in partnership with Kildare Partners and Atlas Hill Real Estate, has sold Annapolis Mall to Macerich for a total of $272 million, including an adjacent vacant parcel. During Centennial's ownership, the mall saw significant leasing activity and welcomed new tenants, with Macerich funding the acquisition through cash on hand and its revolving line of credit. Macerich expects substantial net operating income growth from the property due to its strong location and merchandising improvements.
Analysts Offer Insights on Real Estate Companies: Realty Income (O) and Macerich (MAC)
Analysts have issued neutral ratings for real estate companies Realty Income (O) and Macerich (MAC), indicating neither a bullish nor bearish outlook on these stocks. Evercore ISI maintained a Hold rating for Realty Income with a $67.00 price target, while BMO Capital also assigned a Hold rating with a $68.00 price target. For Macerich, Evercore ISI also maintained a Hold rating with a $21.00 price target, although TipRanks – Google downgraded the stock to Hold with a $23.50 price target.
Macerich Acquires Annapolis Mall for $272M
Macerich has acquired Annapolis Mall and an adjacent 13.1-acre Sears parcel for $272 million. This purchase expands Macerich's presence in the Baltimore and Washington D.C. metropolitan areas, complementing their Tysons Corner property. The company intends to invest approximately $40 million in leasing capital to further reposition the 1.5 million-square-foot mall, which features tenants like Macy's, Apple, and Zara.
Analysts Offer Insights on Real Estate Companies: Lineage, Inc. (LINE), Macerich (MAC) and Realty Income (O)
Analysts have provided new ratings for several real estate companies. Lineage, Inc. (LINE) received a Hold rating from Scotiabank with a $42.00 price target, while Macerich (MAC) was maintained as a Buy by Truist Financial. Realty Income (O) also received a Buy rating from Stifel Nicolaus with a price target of $70.50.
Macerich Picks Up 1.5 MSF Maryland Mall
Macerich has acquired the 1.5 million-square-foot Annapolis Mall in Maryland and an adjacent 13.1-acre parcel for $272 million in an off-market deal. The acquisition was funded through cash on hand, ATM program proceeds, and a revolving credit line. Macerich plans to invest $40 million to continue the mall's repositioning, aiming for over 93% occupancy and increased sales productivity to more than $800 per square foot.
The Macerich Company (NYSE:MAC) Q1 2026 Earnings Call Transcript
The Macerich Company (NYSE:MAC) held its Q1 2026 earnings call, discussing continued progress on its "Path Forward" plan, which aims to elevate and transform its retail centers. The company reported FFO of $0.34 per diluted share and highlighted strong leasing momentum, including the recent acquisition of Annapolis Mall, which is expected to be accretive to FFO. Management expressed confidence in achieving its 2028 operational and financial targets through strategic leasing, disposition of non-core assets, and focusing on high-quality Class A regional malls particularly attractive to Gen Z shoppers.
Macerich acquires Annapolis Mall for $272M
The Macerich Company has acquired Annapolis Mall for $272 million. This acquisition expands Macerich's portfolio of retail real estate, signaling a significant investment in the property. The deal's financial terms highlight the value placed on regional shopping centers.
Macerich (MAC) FFO Of US$92 Million Keeps Bullish Cash Flow Narrative In Play
Macerich (MAC) reported Q1 2026 results with US$231.7 million in revenue and US$92.4 million in Funds From Operations (FFO), highlighting strong cash generation despite a net EPS loss of US$0.14. The article discusses the tension between Macerich's positive FFO and persistent net losses, noting that analysts forecast significant earnings growth for the company, even with modest revenue growth expectations. It also touches upon the company's valuation, which trades at a discount to its DCF fair value, presenting both bullish and bearish perspectives for investors.
Macerich (MAC) FFO Of US$92 Million Keeps Bullish Cash Flow Narrative In Play
Macerich (MAC) reported Q1 2026 funds from operations (FFO) of US$92.4 million, despite a net loss of US$36.4 million, highlighting a strong cash generation story for the REIT. The company's revenue declined to US$231.7 million, and while analysts forecast modest revenue growth, earnings are projected to grow significantly, offering a tension between cash flow strength, reported losses, and its current valuation. Macerich trades at a P/S of 5.4x, below its DCF fair value of US$33.49, suggesting it might be undervalued based on cash flow metrics, but faces challenges with revenue growth and dividend sustainability.
Annapolis Mall sells for second time in 2 years
The Annapolis Mall has been sold for the second time in two years in a transaction that saw a California firm acquire the mall and the former Sears parcel for $272 million. The new owner also holds several other prominent East Coast properties including Tysons Corner Center and Fashion District Philadelphia.
MACERICH CO 1Q 2026: Revenue $241.54M, Net income ($36.89M), EPS ($0.14) — 10-Q Summary
MACERICH CO reported its first-quarter 2026 results, showing revenue of $241.54M and a net loss of ($36.89M), resulting in a diluted loss per share of ($0.14). Despite a decrease in revenue year-over-year, the company improved its net loss by 27.9% and diluted EPS by 30% compared to the prior-year quarter. Business highlights include 269 leases executed, an increased occupancy rate of 93.4%, and ongoing major redevelopments.
FMR LLC holds 10.2% of Macerich (NYSE: MAC) after Schedule 13G/A amendment
FMR LLC has filed an amended Schedule 13G/A, disclosing a 10.2% beneficial ownership stake in Macerich (NYSE: MAC). The filing indicates FMR LLC now holds 26,502,907.21 shares of common stock with sole dispositive power, and 25,934,014.64 shares with sole voting power. Abigail P. Johnson is also listed with sole dispositive power over the same share count.
Macerich: Q1 Earnings Snapshot
Macerich Co. (MAC) reported first-quarter funds from operations of $92.4 million, or 34 cents per share, surpassing Wall Street expectations of 31 cents per share. The real estate investment trust posted a net loss of $36.4 million and revenue of $241.5 million, also beating analyst forecasts.
Macerich targets 88%-89% physical permanent occupancy through Path Forward plan as it expects at least 3% 2026 go-forward NOI growth
Macerich aims to achieve 88%-89% physical permanent occupancy through its Path Forward plan. The company anticipates at least 3% net operating income (NOI) growth starting in 2026 as part of this strategy.
Macerich declares $0.17 dividend
Macerich has declared a cash dividend of $0.17 per common share. The dividend is payable on June 7, 2024, to shareholders of record as of May 23, 2024.
Annapolis Mall purchased for $260 million by major retail owner
The Macerich Co. has acquired the Annapolis Mall for $260 million, along with an adjacent vacant Sears parcel for $12 million. The acquisition, excluding Macy's and a still-to-be-retenanted JCPenney, aims to transform the mall with new and expanding retailers like Dick's House of Sport, Dave & Busters, and Tesla. Macerich highlighted the Annapolis market's strong demographics and strategic location as key factors for the purchase, which aligns with its strategy to invest in robust trade areas.
Macerich Acquires Annapolis Mall for $272 Million
Macerich has acquired Annapolis Mall for $260 million, plus an additional $12 million for an adjacent vacant Sears parcel, totaling $272 million. The company expects the acquisition to yield attractive returns, with an initial net operating income (NOI) of approximately 9.2% and a stabilized pro forma yield of about 11.0% by 2030, driven by a strategic investment plan and new tenant additions like Dick's House of Sport, Tesla, and Uniqlo. This off-market deal, funded with cash on hand and borrowings, aims to enhance Macerich's presence in a strong Washington, D.C. adjacent market and align with its "Path Forward Plan" for de-leveraging and growth.
News | One of Maryland's largest malls trades to major retail REIT
Annapolis Mall, a 1.5 million-square-foot shopping center in Maryland, has been sold to Macerich, a publicly traded real estate investment trust, for $272 million. This sale occurred less than two years after a joint venture acquired and repositioned the mall by adding new anchor tenants and retailers. The transaction highlights a return of capital to high-quality retail assets with strong operating potential and favorable market conditions.
Macerich Acquires Annapolis Mall for $272 Million
The Macerich Company (NYSE: MAC) announced the acquisition of Annapolis Mall for $272 million, including the adjacent vacant Sears parcel. This strategic acquisition is expected to yield approximately 10.5% with annualized signed-not-open leases and is part of Macerich’s "Path Forward Plan" to elevate and transform the property through new merchandising and tenant mixes. The company plans to invest an additional $40 million in leasing capital to drive significant NOI growth and increase sales productivity.
Macerich (NYSE: MAC) trims Q1 loss, adds Annapolis Mall and boosts liquidity
Macerich (NYSE: MAC) reported a reduced Q1 2026 net loss of $36.4 million ($0.14 per diluted share) and maintained its FFO, as adjusted, at $0.34 per diluted share. The company increased its liquidity to $780 million, upsized its revolving credit facility to $900 million, and acquired Annapolis Mall for $272 million. These actions demonstrate progress on its "Path Forward Plan" to enhance operating performance and financial stability.
Macerich Company (The) (NYSE:MAC) Given Average Rating of "Hold" by Brokerages
Macerich Company (NYSE:MAC) has received an average "Hold" rating from thirteen brokerages, with an average 12-month price target of $20.77. The company recently missed its quarterly EPS estimates, reporting -$0.07 versus an expected $0.43, and saw a 4.4% year-over-year revenue decline. Macerich declared a quarterly dividend of $0.17, and institutional investors hold approximately 87.4% of its shares.
Macerich Company (The) Declares Quarterly Dividend of $0.17 (NYSE:MAC)
The Macerich Company (NYSE:MAC) announced a quarterly dividend of $0.17 per share, payable on June 29th to shareholders of record on June 15th, representing an annualized yield of 3.2%. While the current dividend is not covered by recent earnings, analysts project earnings per share of $1.62 next year, which would allow the company to cover its dividend with an expected payout ratio of 42.0%. The stock currently trades around $21.48 with a market capitalization of $5.59 billion.
Macerich declares $0.17 dividend
The Macerich Company has declared a quarterly cash dividend of $0.17 per share of common stock. This dividend is payable on June 7, 2026, to shareholders of record as of May 23, 2026.
Macerich Declares the Quarterly Dividend on Its Common Shares
The Macerich Company (NYSE: MAC) announced that its Board of Directors has declared a quarterly cash dividend of $0.17 per share of common stock. This dividend is scheduled to be paid on June 29, 2026, to stockholders who are on record as of the close of business on June 15, 2026. Macerich operates as a fully integrated real estate investment trust specializing in high-quality retail properties across major U.S. markets.
Macerich (MAC) Q1 2026 Preview: EPS Est. -$0.10, Reports May 6
The Macerich Company (MAC) is projected to report a loss per share of $0.10 on revenue of $229.1 million for Q1 2026 on May 6, according to four analysts. Despite the anticipated loss, this represents a 50% improvement compared to the previous year's Q1 loss of $0.20, although revenue is expected to decline by 2.8%. Investors will closely monitor occupancy rates, leasing activity, and balance sheet details to assess the mall operator's stability and progress in a challenging retail environment.
