MAC MACERICH (MAC) Q2 FY26 earnings call
The Macerich Company delivered strong Q2 FY26 results, driven by robust leasing activity and operational improvements across its portfolio. The "Path Forward 3.0" plan is ahead of schedule, with significant progress in leasing, dispositions, and balance sheet strengthening. The company is actively pursuing accretive acquisition opportunities, leveraging its integrated operating platform and financial flexibility, while also addressing debt maturities and refining its portfolio.
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MAC operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Occupancy rate | 93.4%Occupancy at the end of the first quarter was 93.4%, down 60 basis points sequentially.Source: earnings call transcript | 94%Occupancy at the end of the second quarter was 94%, up 60 basis points from the first quarter.Source: earnings call transcript | +0.6 pt |
| Occupancy rate Go-forward portfolio | 94.5%The go-forward portfolio occupancy at the end of the first quarter was 94.5%, reflecting strong underlying demand for space in our best centers.Source: earnings call transcript | 95.5%The go-forward portfolio occupancy at the end of the second quarter was 95.5%, and that's up 60 basis points sequentially and up 270 basis points year-over-year, continuing to reflect strong demand for space in our best centers.Source: earnings call transcript | +1 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.