Quarterly ResultAug 4, 2026, 04:26 PM
Macerich Q2 FFO Adjusted $0.35/Share; Acquires Annapolis Mall
AI Summary
The Macerich Company reported improved financial results for the second quarter of 2026, with net loss attributable to the company decreasing to $(27.1) million and FFO, as adjusted, increasing to $0.35 per share. Operational metrics also showed strength, including a 3.8% growth in Go-Forward Portfolio Centers NOI and a 94.0% leased occupancy rate. The company also announced significant capital activities, including the acquisition of Annapolis Mall for $272 million and the completion of two public offerings that raised substantial capital.
Key Highlights
- Net loss attributable to the Company improved to $(27.1) million in Q2 2026 from $(40.9) million in Q2 2025.
- FFO, as adjusted, increased to $0.35 per share-diluted in Q2 2026 from $0.34 per share-diluted in Q2 2025.
- Go-Forward Portfolio Centers NOI, excluding lease termination income, grew 3.8% in Q2 2026.
- Leased portfolio occupancy reached 94.0% as of June 30, 2026, a 2.0% increase year-over-year.
- Acquired Annapolis Mall for $260 million, plus an adjacent parcel for $12 million.
- Completed a public offering of 22.08 million shares, generating $448.2 million in net proceeds.
- Announced a quarterly cash dividend of $0.17 per share of common stock.
- Total liquidity stood at $1.2 billion, including $900 million available on the revolving credit facility.
Price Impact
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