MAC

Macerich is undergoing a major transformation, focusing on high-performing Class A malls and targeting Gen Z consumers for future growth. Despite impressive portfolio streamlining and leasing momentum, MAC remains constrained by high debt levels, elevated interest rates, and a below-average dividend yield. FFO per share is forecast to grow 11.3% in 2026 and 11.9% in 2027, with acquisitions and dispositions expected to balance out in 2026.

Announcement Follows Successful Launch of PenFed Plaza at Tysons Corner Center, its Sister Property Outside of Washington, DC Announcement Follows Successful Launch of PenFed Plaza at Tysons Corner Center, its Sister Property Outside of Washington, DC

Futures are trading mixed as we hit the midweek point, as the Space Exploration Technologies (NASDAQ: SPCX) or SpaceX IPO rush is starting to fade somewhat.

Macerich benefits from demand for Class A mall space as redevelopments, anchor reuse and selective acquisitions aim to lift growth despite digital and tenant pressures.

Macerich's leasing pipeline to add roughly $116M in gross revenues and lift NOI through 2028, but leverage and tenant churn remain key hurdles.

SANTA MONICA, Calif., June 15, 2026 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company” or “Macerich”) announced today that it has priced an underwritten public offering of 14,000,000 shares of common stock at a price to public of $23.90 per share, all of which are being offered in connection with the forward sale agreements described below.

SANTA MONICA, Calif., June 15, 2026 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company” or “Macerich”) announced today that it has commenced an underwritten public offering of 14,000,000 shares of common stock in connection with the forward sale agreement described below.

MAC surges 58.4% in a year as leasing and occupancy improve, but fair valuation, high leverage and limited upside complicate the buying case.

MAC lifts its 2028 FFO per share and provides portfolio NOI targets as leasing gains, redevelopment projects and acquisitions support its Path Forward plan.

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