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Macerich

American real estate company

The Macerich Company ( MAYSS-ritch) is an American real estate investment trust that invests in shopping centers. The company is headquartered in Santa Monica, California, and was founded in 1964.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

1964Founded1

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  • TickerMAC on NYSE1
  • Industryreal estate investment trust1
  • HeadquartersWilshire Boulevard1
  • Websitewww.macerich.com
  • Incorporated inMD4
  • Business address401 Wilshire Blvd, Ste 700, Santa Monica, Ca 904014
  • Filer categoryLarge accelerated filer4

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Citadel Mall - Santa Tracking Station Opening - 17 Nov 2005 - 112105 hi
Photo: NORAD Public Affairs, Sgt. 1st Class Gail Braymen, Public domain, via Wikimedia Commons6

The Macerich Company ( MAYSS-ritch) is an American real estate investment trust that invests in shopping centers. The company is headquartered in Santa Monica, California, and was founded in 1964.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-19.4%Net margin7
10.4%Revenue growth, 20257
-8.1%Return on equity7
2.07×Debt to equity7

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$1.0B
  • Income tax0¢$2.2M

Out of $1.0B in revenue.7 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid59¢$188.2M
  • Kept or used elsewhere41¢$133.4M

Out of $321.6M of cash from operations.7

Financial statements

Revenue8910117$1.0B in 2025+9% since 2019
0$500.0M$1.0B$1.5B2019: $927.5M$927.5M20192020: $786.0M$786.0M2020−15%2021: $847.4M$847.4M2021+8%2022: $859.2M$859.2M2022+1%2023: $884.1M$884.1M2023+3%2024: $918.2M$918.2M2024+4%2025: $1.0B$1.0B2025+10%
Net income8910117-$197.1M in 2025
-$300.0M-$200.0M-$100.0M0$100.0M2019: $96.8M$96.8M20192020: -$230.2M-$230.2M20202021: $14.3M$14.3M20212022: -$66.1M-$66.1M20222023: -$274.1M-$274.1M2023+315%2024: -$194.1M-$194.1M2024−29%2025: -$197.1M-$197.1M2025+2%
Fiscal year2019202020212022202320242025
Revenue$927.5M8$786.0M9$847.4M10$859.2M11$884.1M7$918.2M7$1.0B7
Interest$138.3M8$75.5M9$192.7M9$216.9M9
Income tax$1.6M8-$447.0K9$6.9M10$705.0K11-$494.0K7-$1.3M7-$2.2M7
Net income$96.8M8-$230.2M9$14.3M10-$66.1M11-$274.1M7-$194.1M7-$197.1M7
Earnings per share$0.688-$1.589$0.0710-$0.3111-$1.287-$0.887-$0.787
Earnings per share (diluted)$0.688-$1.589$0.0710-$0.3111-$1.287-$0.887-$0.787

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The story

The company traces its antecedents to the MaceRich Real Estate Company founded in New York in 1964 by Mace Siegel and Richard Cohen who combined their first names to name their company.

In 1994, the company went public with an initial public offering.

In 2002, Macerich acquired Phoenix, Arizona–based Westcor for $1.475 billion. The purchase added 9 properties to Macerich's portfolio making them the largest mall owner in the Phoenix Metropolitan Area.

In 2005, the company acquired most of Rochester, New York-based Wilmorite Properties' portfolio for $2.333 billion, adding 11 shopping centers to Macerich's portfolio, including Tysons Corner Center in Tysons, Virginia.

In 2006, the company name was rebranded to "Macerich."

On April 1, 2015, the company rejected a $16.8 billion takeover offer from Simon Property Group.

In 2024, Jackson Hsieh took over as CEO of Macerich, succeeding former CEO, Thomas O'Hern. In the same year, the company announced that Daniel Swanstrom would succeed Scott Kingsmore as CFO.

From Wikipedia’s article on Macerich, shared under CC BY-SA 4.0.5

Leadership

Who has led Macerich, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Arthur M. Coppola2006–2018
  2. Hern Thomas E. O.2019–2024
  3. Jackson Hsieh2024–2025

Chair

  1. Mace Siegel2006–2008
  2. Arthur M. Coppola2008–2018

President

  1. Arthur M. Coppola2006–2008
  2. Edward C. Coppola2008–2024
  3. Jackson Hsieh2024–2025

Chief financial officer

  1. Hern Thomas E. O.2006–2018
  2. Scott W. Kingsmore2019–2024
  3. Daniel E. Swanstrom Ii.2024–now

Chief operating officer

  1. David J. Contis2006
  2. Anthony Grossi2007–2010
  3. Robert D. Perlmutter2016–2018
197019801990200020102020
Board members and other officers (40)

Timeline

  1. Mar 5, 2024New chief executive Jackson Hsieh becomes CEO16
  2. Jan 3, 2019New chief executive Hern Thomas E. O. becomes CEO17
  3. Feb 13, 2006New chief executive Arthur M. Coppola becomes CEO18
  4. 1994Went public Listed on NYSE1
  5. 1964Founded Founded1

Filings

274 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 51 major events, 131 insider forms, 30 large holders, 42 other. The latest 20:

  1. Sep 9, 20264 EDGAR
  2. Sep 4, 2026SCHEDULE 13G/A EDGAR
  3. Aug 11, 20268-K EDGAR
  4. Aug 7, 2026SCHEDULE 13G EDGAR
  5. Aug 5, 20268-K EDGAR
  6. Aug 5, 2026424B7 EDGAR
  7. Aug 5, 2026424B2 EDGAR
  8. Aug 5, 2026424B2 EDGAR
  9. Aug 5, 2026424B5 EDGAR
  10. Aug 5, 2026S-3ASR EDGAR
  11. Aug 5, 202610-Q EDGAR
  12. Aug 4, 20268-K EDGAR
  13. Jul 1, 20264 EDGAR
  14. Jul 1, 20264 EDGAR
  15. Jun 29, 20268-K EDGAR
  16. Jun 17, 20268-K EDGAR
  17. Jun 16, 2026424B5 EDGAR
  18. Jun 15, 2026424B5 EDGAR
  19. Jun 3, 20268-K EDGAR
  20. Jun 2, 20264 EDGAR

The 274 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 30 such filings since October 2021, the latest 10:

  1. Sep 4, 2026SCHEDULE 13G/A
  2. Aug 7, 2026SCHEDULE 13G
  3. May 7, 2026SCHEDULE 13G/A
  4. May 6, 2026SCHEDULE 13G/A
  5. Apr 30, 2026SCHEDULE 13G
  6. Apr 29, 2026SCHEDULE 13G/A
  7. Apr 22, 2026SCHEDULE 13G/A
  8. Mar 27, 2026SCHEDULE 13G/A
  9. Feb 4, 2026SCHEDULE 13G/A
  10. Jan 21, 2026SCHEDULE 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.54,737,438$1.4B0.0%+8,478,335
Fmr LLC31,461,342$792.5M0.0%+7,413,950
Vanguard Portfolio Management LLC27,314,692$688.1M0.0%+1,748,833
State Street Corp16,342,649$411.7M0.0%+1,561,563
Vanguard Capital Management LLC12,682,019$319.5M0.0%+1,209,413
Smead Capital Management, Inc.11,481,712$289.2M6.2%−673,620
Centersquare Investment Management LLC8,999,366$226.7M1.9%+1,724,762
Geode Capital Management, LLC8,667,541$218.4M0.0%+1,812,483
Principal Financial Group Inc7,014,637$176.7M0.1%+5,769,806
Charles Schwab Investment Management Inc5,783,144$145.7M0.0%+568,675
Deutsche Bank Ag\5,515,222$138.9M0.0%+5,112,622
Resolution Capital Ltd5,439,786$137.0M2.5%+1,055,606
Morgan Stanley5,196,073$130.9M0.0%+2,588,336
Bamco Inc /ny/4,999,756$125.9M0.2%+915,063
Wellington Management Group Llp4,674,803$117.8M0.0%−378,868
Dimensional Fund Advisors LP4,222,022$106.4M0.0%+373,909
Northern Trust Corp3,870,527$97.5M0.0%−598,564
Goldman Sachs Group Inc3,644,167$91.8M0.0%+174,203
Jpmorgan Chase & Co3,226,823$83.4M0.0%−4,677,607
Canada Pension Plan Investment Board3,253,097$81.9M0.0%+3,237,697
FIL Ltd3,098,648$78.1M0.1%+575,294
UBS Group AG2,716,944$68.4M0.0%+896,163
Nuveen, LLC2,650,894$66.8M0.0%+1,455,812
Norges Bank2,641,293$66.5M0.0%New
Fisher Asset Management, LLC2,620,809$66.0M0.0%−86,126

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jun 16, 2022Christopher L. Jacobs, HouseBuy$15,001 - $50,000+46.6%Report
May 31, 2019Tom MalinowskiDemocratic, HouseBuy$1,001 - $15,000−216.8%Report
May 29, 2019Tom MalinowskiDemocratic, HouseSale$15,001 - $50,000+215.2%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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