MAC

In the past six months, Macerich Co. (MAC) stock rose 16.4% and reached a 52-week high of $22.56. Macerich reported robust first-quarter 2026 earnings, with Funds From Operations as Adjusted (FFOA) per share of $0.34 and revenues of $241.54 million. Macerich acquired Annapolis Mall and an adjacent parcel for $272 million, expected to add approximately $24 million in year-one estimated Net Operating Income (NOI). The company declared a quarterly cash dividend of $0.17 per share of common stock, payable on June 29, 2026. Macerich closed an amended and restated $900 million revolving credit facility, increasing its size from $650 million and extending its maturity to March 2030. Overall portfolio occupancy saw a slight seasonal decline to 93.4% in Q1 2026, but the go-forward portfolio occupancy remained strong at 94.5%, with leases signed for 1.6 million square feet.