MACERICH CO: directors' dealings · United States · SEC (Form 4)

About MACERICH CO

Macerich Co. is a U.S.-listed real estate company trading on the NYSE under the ticker MAC. Headquartered in Santa Monica, California, it is a REIT focused on owning, operating, leasing, developing, and redeveloping high-quality retail properties. The company’s core business is centered on major shopping centers and mixed-use retail assets in dense, high-income U.S. markets, with an emphasis on dominant locations rather than pure asset count. Macerich was founded in 1964 and has since built a portfolio positioned around Class A malls, lifestyle centers, and redeveloped retail destinations that are intended to remain relevant in a shifting consumer landscape. Macerich operates as an integrated retail real estate platform. Its earnings are driven primarily by rental income, recoveries and other property-related revenues, along with value creation from leasing, redevelopment, and re-tenanting initiatives. In practice, that means the company does not simply collect rent: it actively curates tenant mixes, upgrades common areas, refreshes dining and entertainment offerings, and repositions assets to extend their economic lives. This is especially important in the U.S. retail sector, where online competition has pushed mall operators to evolve from traditional shopping nodes into experiential destinations. From a competitive standpoint, Macerich is one of the better-known U.S. mall REITs, particularly in the premium segment. Its portfolio is concentrated in strategically important regions, including California, the Pacific Northwest, the Phoenix/Scottsdale area, and the Metro New York to Washington, D.C. corridor. That geographic focus supports scale, brand recognition, and leasing leverage in high-barrier-to-entry markets, but it also means performance is tied to the health of those specific regional economies. The company’s portfolio includes landmark assets such as Scottsdale Fashion Square, Tysons Corner Center, Green Acres Mall, and Crabtree Mall. Recent announcements underscore a selective growth-and-repositioning strategy. In May 2026, Macerich announced the acquisition of Annapolis Mall in Maryland, adding another Class A center to its platform. In June 2025, it announced the acquisition of Crabtree Mall in Raleigh, North Carolina, reinforcing its interest in market-dominant retail centers. The company has also highlighted redevelopment initiatives, sponsorship agreements, and its broader “Path Forward” plan, which aims to improve balance sheet flexibility, support leasing momentum, and enhance long-term value creation for shareholders. As a U.S. company listed on the NYSE, Macerich remains a closely watched name for investors seeking exposure to premium U.S. retail real estate.