Macerich reports Q4 ex-items FFO 48c, consensus 43c

Reports Q4 revenue $261.7M, consensus $260.48M. “2025 was a pivotal year for Macerich (MAC),” noted Jack Hsieh, CEO. “We entered the year with clear objectives under our Path Forward Plan-simplifying the business, driving operational performance improvement, and reducing leverage. The milestones we achieved this year-leasing volume well ahead of plan, all 30 anchors committed, $1.3B in dispositions completed-demonstrate that the Path Forward Plan is no longer just a plan. It’s in execution, with tangible results across every pillar.”