Macerich experienced a significant improvement in its financial performance for the fourth quarter of 2025, with a net loss of $18.8 million compared to a $211.2 million loss in the same period last year. Funds from Operations (FFO) excluding certain financing expenses and non-real estate investment impacts increased to $128.9 million, or $0.48 per share-diluted. The company also saw a 1.7% increase in Go-Forward Portfolio Centers net operating income (NOI) and achieved a record 7.1 million square feet in signed leases for the year.

Macerich posted a Q3 2025 net loss of $87.4 million on $253.3 million in revenue. Leasing activity surged, with 1.5 million square feet signed, and occupancy remained stable. The company also recorded gains from asset sales and saw a modest increase in NOI from its Go-Forward Portfolio.

Revenue grew to $249.8M while the company posted a net loss of $40.9M (EPS -$0.16). Go-Forward Portfolio NOI rose 2.4% YoY (ex-terminations), leasing momentum was strong at 1.7M sq ft signed, but portfolio occupancy dipped to 92.0% due largely to Forever 21 closures.

Macerich saw continued leasing momentum in Q1 2025 despite posting a net loss. The company maintained flat adjusted EPS and achieved significant growth in renewal leases. Portfolio occupancy slightly declined, mainly due to the temporary exit of specialty tenants.

Macerich reported total revenue of $273.7 million in Q4 2024. However, the company faced a significant net loss of $211.2 million, primarily due to asset write-downs. Same-center net operating income (NOI) declined 0.4% year-over-year. Portfolio occupancy improved slightly to 94.1%, while re-leasing spreads remained positive. The company announced a quarterly dividend of $0.17 per share.

Macerich reported a strong Q4 2023, marked by increased occupancy, same-center NOI growth, and significant progress in managing near-term debt maturities through refinancing and disposition activities. The company also issued its 2024 earnings guidance.

Macerich reported a net loss of $15.0 million, or $0.07 per share-diluted, for the second quarter of 2023. However, same center NOI, excluding lease termination income, increased by 5.6%. Portfolio occupancy improved to 92.6%, and re-leasing spreads showed a strong improvement, being 11.3% greater than expiring base rent. The company signed 191 leases for 1.4 million square feet of space, a 21% increase compared to Q2 2022.

Macerich reported a net income attributable to the company of $1.7 million, or $0.01 per share-diluted, for Q4 2022. Same center NOI, excluding lease termination income, increased 2.0% compared to Q4 2021. Portfolio occupancy as of December 31, 2022, was 92.6%.

Macerich reported a net loss of $15.4 million, or $0.07 per share-diluted, for the second quarter of 2022. However, same center net operating income, excluding lease termination income, increased by 5.4% compared to the same period in 2021. Portfolio occupancy increased to 91.8%, and the company signed 27% more new and renewal leases for 74% more square footage than in Q2 2021. Portfolio tenant sales per square foot reached a record high of $860.

Macerich reported a net loss attributable to the Company of $37.2 million, or $0.17 per share-diluted, for Q1 2022. However, there was a 24.7% increase in same center net operating income excluding lease termination income and portfolio occupancy increased by 2.8% compared to Q1 2021. Portfolio comparable tenant sales from spaces less than 10,000 square feet were 14.5% higher than the first quarter of 2021.

Macerich reported a net loss of $22.2 million, or $0.15 per share-diluted, for the quarter ended September 30, 2020, compared to a net income of $46.4 million, or $0.33 per share-diluted, for the quarter ended September 30, 2019. FFO-diluted, excluding financing expense in connection with Chandler Freehold was $83.4 million or $0.52 per share-diluted compared to $133.2 million or $0.88 per share-diluted for the quarter ended September 30, 2019.

Macerich reported a net loss attributable to the Company of $25.1 million, or $0.18 per share-diluted, for the quarter ended June 30, 2020, compared to net income of $15.7 million, or $0.11 per share-diluted, for the quarter ended June 30, 2019. FFO-diluted, excluding financing expense in connection with Chandler Freehold and loss on extinguishment of debt, was $60.5 million, or $0.39 per share-diluted, compared to $133.6 million, or $0.88 per share-diluted for the quarter ended June 30, 2019.

Macerich reported a net income of $7.5 million, or $0.05 per share-diluted, for the quarter ended March 31, 2020. Mall portfolio occupancy stood at 93.1% at the end of the quarter. The company is actively planning for the re-opening of its real estate.

Macerich announced net income attributable to the Company of $26.9 million, or $0.19 per share-diluted, for the quarter ended December 31, 2019. Mall portfolio occupancy was 94.0% at December 31, 2019. Average rent per square foot increased 3.3% to $61.06 at December 31, 2019.