Macerich Company ( (MAC) ) has released its Q2 earnings. Here is a breakdown of the information Macerich Company presented to its investors.
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Macerich Company is a leading 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 environmental goals.
In its latest earnings report for the second quarter of 2025, Macerich Company reported a net loss attributable to the company of $40.9 million, a significant decline from the net income of $252.0 million in the same quarter of the previous year. The decrease was primarily due to a gain on the sale of assets recorded in 2024.
Key financial highlights include a slight decrease in Funds from Operations (FFO) to $87.3 million, compared to $88.1 million in the previous year, and an increase in net operating income for its Go-Forward Portfolio Centers by 2.4%. Additionally, the company achieved a 137% increase in leased square footage compared to the same period last year, and new store leases are expected to generate approximately $87 million in gross revenue.
Despite a decrease in portfolio occupancy to 92.0%, Macerich Company remains optimistic about its future performance, as indicated by its ongoing leasing activities and strategic acquisitions, such as the purchase of Crabtree Mall for approximately $290 million.
Looking ahead, Macerich Company is focused on maintaining its leadership in the retail real estate sector, with a commitment to advancing its sustainability initiatives and enhancing shareholder value through strategic growth and development opportunities.