Macerich Company Reports Improved Q1 2025 Results

Macerich Company ( (MAC) ) has released its Q1 earnings. Here is a breakdown of the information Macerich Company presented to its investors.

Macerich Company is a prominent real estate investment trust specializing in the acquisition, leasing, management, development, and redevelopment of regional retail centers across the United States, with a strong focus on sustainability and community engagement.

In its latest earnings report for the first quarter of 2025, Macerich Company announced a net loss of $50.1 million, a significant improvement from the $126.7 million loss in the same period last year. The company also reported a steady Funds from Operations (FFO) per share of $0.33, excluding certain expenses, consistent with the previous year.

Key highlights from the report include a 0.9% increase in same-center net operating income and a notable 156% rise in leased square footage compared to the first quarter of 2024. The company also closed on significant financing and asset sales, enhancing its liquidity position to approximately $995 million.

Despite a slight decrease in portfolio occupancy to 92.6%, Macerich achieved positive base rent re-leasing spreads for the fourteenth consecutive quarter, indicating strong leasing activity and tenant demand.

Looking ahead, Macerich remains focused on strategic leasing and development initiatives, with expectations of generating approximately $80 million in gross revenue from new store leases over the coming years, reflecting a positive outlook for future growth.