Welcome to our dedicated page for The Macerich Company news (Ticker: MAC), a resource for investors and traders seeking the latest updates and insights on The Macerich Company 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 (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.
Caesars Republic Scottsdale, a luxury hotel project in Scottsdale, Arizona, is on track to open in Q1 2024. The hotel will feature 265 rooms and unique event spaces, with reservations currently being accepted. This collaboration between Caesars Entertainment (CZR) and Macerich (MAC) aims to create a premier destination featuring upscale amenities, including restaurants by celebrity chef Giada De Laurentis, a rooftop pool, and expansive event spaces. Financing was arranged by Walker & Dunlop and National Bank of Arizona.
The Macerich Company (NYSE: MAC) announced its Fourth Quarter 2021 Earnings Results on February 10, 2022. The results are available on their investor relations website. A conference call to discuss these results is scheduled for 10:00 a.m. PT today, with a replay accessible for 90 days post-call. Macerich operates 44 regional town centers across the U.S. and ranks #1 in GRESB for sustainability in the North American Retail Sector for seven consecutive years (2015-2021). Detailed information can be found on their official website.
The Macerich Company (NYSE: MAC) announced a quarterly cash dividend of $.15 per share, payable on March 3, 2022. Stockholders must be on record by February 18, 2022 to qualify for this dividend. Macerich, a self-managed real estate investment trust (REIT), focuses on acquiring, leasing, and managing regional malls across the United States, particularly in densely populated markets. The company boasts a strong sustainability record, having achieved the #1 GRESB ranking in North American retail for seven consecutive years (2015-2021).
The Macerich Company (NYSE: MAC) announced the tax treatment for its 2021 dividend distributions, amounting to $0.60 per share. Key distribution details include:
- February 19, 2021; Payable on March 3, 2021; Rate: $0.150
- May 7, 2021; Payable on June 3, 2021; Rate: $0.150
- August 19, 2021; Payable on September 8, 2021; Rate: $0.150
- November 9, 2021; Payable on December 3, 2021; Rate: $0.150
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