Macerich FY 2025 leasing revenue rises 11.8% to USD 950.3 million

Reuters02-20
Macerich FY 2025 leasing revenue rises 11.8% to USD 950.3 million

Macerich reported a FY 2025 net loss attributable to shareholders of USD 197.15 million, compared with a FY 2024 net loss of USD 194.12 million. FY 2025 leasing revenue rose 11.8% to USD 950.3 million, while other income was USD 40.5 million (up from USD 37.9 million). FY 2025 interest expense increased by USD 63.6 million year over year to USD 283.54 million, and depreciation and amortization rose to USD 357.08 million (up USD 62.3 million). Macerich’s FY 2025 FFO attributable to common stockholders and unit holders was USD 378.93 million, and FFO attributable to common stockholders and unit holders excluding specified items increased 8.7% to USD 396.97 million. NOI for Go-Forward Portfolio Centers excluding lease termination income increased 1.8% to USD 729.81 million in FY 2025. Key updates for FY 2025 included the USD 290 million acquisition of Crabtree Mall (June 23, 2025), and the sale of Lakewood Center for USD 332.1 million (August 18, 2025), including buyer assumption of a USD 317.1 million loan; the company recorded a USD 21.1 million gain on that sale. Macerich declared a USD 0.17 per share cash dividend for each quarter of FY 2025 and announced a USD 0.17 per share dividend for Q1 2026 payable March 30, 2026. As of December 31, 2025, cash and cash equivalents were USD 280.2 million; the revolving credit facility had no borrowings outstanding with USD 649.4 million available. Leased occupancy was 94.0% at December 31, 2025, and comparable tenant sales for spaces under 10,000 square feet increased 1.2% for the trailing twelve months ended December 31, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Macerich Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000912242-26-000016), on February 20, 2026, and is solely responsible for the information contained therein.

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