Welcome to our dedicated page for Macerich news (Ticker: MAC), a resource for investors and traders seeking the latest updates and insights on Macerich stock.
The Macerich Company (NYSE: MAC) is a self-managed and self-administered real estate investment trust (REIT) and a prominent name in the S&P 500 index. The company specializes in the acquisition, leasing, management, development, and redevelopment of regional malls across the United States. Macerich focuses on high-quality retail properties in densely populated and attractive markets, including California, Arizona, Chicago, the Greater New York Metro area, and Washington, D.C.
Macerich's portfolio consists of 27 regional malls in its consolidated portfolio and 16 regional malls in its unconsolidated portfolio, as well as three power centers and seven other real estate assets. The total portfolio encompasses 46.3 million square feet of gross leasable area, with an impressive average sales figure of $836 per square foot for the 12 months ending in December 2023.
In recent strategic moves, Macerich has acquired the remaining 40% share in the Arrowhead Towne Center and South Plains Mall from its joint venture partner. This transaction grants Macerich full ownership of these prime assets. Additionally, Macerich has executed a contract for the sale of a non-mall asset, expected to generate approximately $110 million in net proceeds, a part of its strategy to reduce leverage and simplify business operations.
Arrowhead Towne Center, located in a high-growth area of Metro Phoenix, is a market-dominant and top-performing mall with significant projected benefits from the nearby Taiwan Semiconductor Manufacturing Company's major investment. South Plains Mall in Lubbock, Texas, another key asset, covers a vast trade area and serves as an economic hub due to its proximity to Texas Tech University.
Macerich is dedicated to environmental, social, and governance (ESG) principles, earning the #1 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for nine consecutive years from 2015 to 2023. The company remains committed to advancing sustainability, corporate governance, and social good within the communities it serves.
For further information, investors can visit Macerich's Investor Relations website at investing.macerich.com or follow the company on social media platforms like LinkedIn.
Macerich has lined up several events for investor outreach, where stakeholders can gain more insights into the company's operational performance and strategic initiatives.
Macerich announced the selection of two additional properties for Round1 Bowling & Amusement locations at Arrowhead Towne Center in Phoenix and Danbury Fair in Connecticut, enhancing its portfolio of large-format entertainment venues. Round1 joins a growing list of tenants across Macerich's properties aimed at providing diverse, engaging experiences for shoppers. This move aligns with consumer trends favoring physical entertainment spaces, supporting Macerich's strategy to attract high-quality, multi-use tenants.
Macerich (NYSE: MAC) has announced the schedule for its Second Quarter 2022 earnings release, set for July 28, 2022, before market opening. A conference call will occur at 10:00 AM PT (1:00 PM ET) the same day to discuss the results. The call can be accessed via a live webcast on the company's website. Replays will be available for 90 days post-event. Macerich operates in high-quality retail real estate, owning 48 million square feet across 44 regional town centers in key U.S. markets, recognized for sustainability leadership.
Macerich (NYSE: MAC) is set to open a new 126,000 square-foot Target store at Danbury Fair, Connecticut, marking the first Target in the city. This move continues Macerich's strategy of replacing anchor stores with high-demand retailers, following recent successes at other properties, including Kings Plaza in Brooklyn. The addition of Target is part of a broader trend where Macerich enhances its A-quality portfolio, leveraging attractive demographics and a strong merchandise mix. Danbury Fair boasts over 180 shops and significant retail presence, indicating positive growth potential for the company.
Macerich (NYSE: MAC) has released its 2021 Corporate Responsibility Report, emphasizing its commitment to sustainability over the past 23 years. The report showcases significant achievements, including a 9% reduction in greenhouse gas emissions since 2019 and maintaining a position on the CDP A List for environmental transparency. Highlighting its focus on community engagement, Macerich supported local initiatives and provided emergency response assistance. The report also notes advancements in governance with added ESG oversight responsibilities. For further details, visit the Macerich website.
Macerich (NYSE: MAC) announced its participation in the Nareit's REITweek: 2022 Investor Conference on June 8, 2022. The company's CEO, Tom O'Hern, CFO Scott Kingsmore, and EVP Doug Healey will present from 4:15 pm to 4:45 pm Eastern Time. The event will take place in New York, NY, and a live audio webcast will be accessible on Macerich's website. As a leading real estate investment trust, Macerich owns 48 million square feet of retail space in key U.S. markets and is noted for its sustainability efforts, holding a top GRESB ranking since 2015.
Macerich (NYSE: MAC) announced the addition of 17 Cotton On Group stores to its U.S. portfolio, building upon the 12 already open. The new locations will span regional town centers, featuring brands such as Cotton On and Cotton On KIDS. Notable expansions include stores at Fashion Outlets of Niagara Falls, FlatIron Crossing, and Danbury Fair Mall. Cotton On Group emphasizes the importance of purpose-driven retail, aligning with Macerich’s commitment to social responsibility. This collaboration aims to enhance the shopping experience while supporting environmental initiatives.
The Macerich Company (NYSE: MAC) released its First Quarter 2022 Earnings Results on May 9, 2022. The results can be viewed on their investor relations website. A conference call is scheduled for today at 10:00 a.m. PT to discuss these results, with a replay available for 90 days. Macerich is a REIT focusing on the acquisition and management of regional town centers in the U.S., owning 48 million square feet of real estate across 44 centers. The company has been recognized for sustainability, achieving the top GRESB ranking for seven consecutive years.
The Board of Directors of Macerich declared a quarterly cash dividend of $.15 per share of common stock, payable on June 3, 2022. The record date for stockholders is May 20, 2022. Macerich, a leading real estate investment trust (REIT), specializes in the management and redevelopment of regional malls across the United States. The company owns 48 million square feet of real estate, focusing on prime retail properties in densely populated markets, particularly on the West Coast and the Northeast. Macerich is also recognized for its sustainability efforts, achieving top rankings in the GRESB assessment.
SmartRent, Inc. (NYSE: SMRT) has appointed Robyn Young as its first Chief Marketing Officer, effective May 9, 2022. Young brings extensive experience from Western Alliance Bancorporation, where she led marketing and communications during significant growth. Her role will focus on enhancing SmartRent's marketing strategy and establishing its market leadership in smart home technology. Young's appointment rounds out the executive team, which has seen recent additions including a Chief Financial Officer and a Chief Legal Officer. SmartRent aims to improve operational efficiencies for property owners and enhance resident experiences.
Macerich (NYSE: MAC) has announced its First Quarter 2022 Earnings Release, scheduled for May 9, 2022, before the market opens. A conference call will be hosted at 10:00 am PT to discuss the results. Interested parties can access the live webcast via the Macerich website. The company operates a portfolio comprising 48 million square feet of regional malls across the United States, predominantly in high-density markets. Macerich has consistently ranked #1 in sustainability for the North American Retail Sector from 2015 to 2021.
FAQ
What is the current stock price of Macerich (MAC)?
What is the market cap of Macerich (MAC)?
What does The Macerich Company specialize in?
Where are Macerich's primary markets?
What recent acquisitions has Macerich made?
What is Macerich's total portfolio size?
How does Macerich perform in terms of sustainability?
What is the average sales per square foot in Macerich's properties?
How can investors get more information about Macerich?
What is the significance of Arrowhead Towne Center for Macerich?
What are Macerich's main strategies?
Who can be contacted for investor relations at Macerich?
