Jun 2026 (Q2 FY26) — Aug 4, 2026
The Macerich Company Q2 FY26 — Strong Operational Performance and Strategic Acquisitions Drive Growth
Read the full callMACERICH (MAC) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
MACERICH earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 250 | −0.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | -27.1 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$22.53 −1.87% · −$0.43
Performance +30.7% 1Y
1Y: $17.24 on 17 Oct 2025 → $22.53. High $26.51 (28 Jul 2026), low $16.2 (20 Nov 2025).
- Previous close
- $22.96
- 52-week range
- $16.2 – $26.51
- One year
- +31.29%
Overview
- Symbol
- MAC
- Sector
- Real Estate
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — May 6, 2026
The Macerich Company Q1 FY26 — Annapolis Mall Acquisition and Path Forward Progress
Read the full callEvery analysed call
MACERICH earnings calls (MAC)
Financials
What the filings say
Net profit, year on year: +34% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 220 | 274 | 249 | 250 | 253 | 262 | 242 | 250 |
| Expenses | 240 | 269 | 286 | 281 | 281 | 282 | 278 | 277 |
| Net profit | -108 | -211 | -50 | -41 | -87 | -19 | -36 | -27 |
| EPS ($ per share) | -0.50 | — | -0.20 | -0.16 | -0.34 | — | -0.14 | -0.10 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 3 |
| Reserves | -1,614 | -1,944 | -2,340 | -2,444 | -2,643 | -3,064 | -3,407 | -3,778 |
| Total liabilities | 5,838 | 6,023 | 6,739 | 5,170 | 5,145 | 4,986 | 5,725 | 5,842 |
| Fixed assets | — | — | 6,695 | 6,284 | 6,128 | 5,900 | 7,097 | 6,688 |
| Total assets | 9,027 | 8,854 | 9,184 | 8,346 | 8,094 | 7,514 | 8,567 | 8,369 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 344 | 355 | 125 | 286 | 338 | 296 | 283 | 322 |
| Cash from investing | 176 | -112 | -203 | 235 | -1 | 53 | 20 | -325 |
| Cash from financing | -514 | -278 | 446 | -837 | -322 | -339 | -316 | 199 |
| Net cash flow | 6 | -35 | 368 | -316 | 14 | 9 | -13 | 195 |
| Capital expenditure | — | — | 0 | 0 | -25 | -47 | -171 | -267 |
| Free cash flow | — | — | 125 | 286 | 313 | 249 | 113 | 55 |
MAC revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Real Estate Other | 4% | 3% | 3% | 4% | 4% | 4% | 4% | 4% | -4.1% |
| Management Service | 3% | 3% | 2% | 2% | 2% | 2% | 3% | 2% | -5.8% |
| Development and Leasing Fees | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | -6.5% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
MAC operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | 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.
Insider filings
8 filings between Jun 1, 2026 and Sep 9, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$63.8K
1 sale by 1 insider
Compensation
not trading decisions- 7
- Award — granted as compensation
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Zecchini Christopher J | — | $63.8K | Sep 9, 2026 |
Latest filings (21)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 9, 2026 | Zecchini Christopher J Chief Accounting Officer | Sale | 2,740 | $63.8K |
| Jun 1, 2026 | LAING DIANA Director | Award | 6,720 | $0 |
| Jun 1, 2026 | Murphy Devin Ignatius Director | Award | 6,720 | $0 |
| Jun 1, 2026 | Hirsch Daniel J. Director | Award | 6,720 | $0 |
| Jun 1, 2026 | Stephen Andrea M Director | Award | 6,720 | $0 |
| Jun 1, 2026 | Hash Steve Director | Award | 9,520 | $0 |
| Jun 1, 2026 | Lowenthal Marianne Director | Award | 6,720 | $0 |
| Jun 1, 2026 | HERNANDEZ ENRIQUE JR Director | Award | 6,720 | $0 |
| Sep 24, 2025 | Lowenthal Marianne Director | Sale | 6,000 | $102.8K |
| Aug 15, 2025 | Zecchini Christopher J Chief Accounting Officer | Sale | 9,500 | $163.1K |
| Jun 2, 2025 | Stephen Andrea M Director | Award | 8,348 | $0 |
| Jun 2, 2025 | Lowenthal Marianne Director | Award | 8,348 | $0 |
| Jun 2, 2025 | LAING DIANA Director | Award | 8,348 | $0 |
| Jun 2, 2025 | Hirsch Daniel J. Director | Award | 8,348 | $0 |
| Jun 2, 2025 | HERNANDEZ ENRIQUE JR Director | Award | 8,348 | $0 |
| Jun 2, 2025 | Hash Steve Director | Award | 12,213 | $0 |
| Jun 2, 2025 | Murphy Devin Ignatius Director | Award | 8,348 | $0 |
| Mar 14, 2025 | Murphy Devin Ignatius Director | Purchase | 7,000 | $114.8K |
| Mar 4, 2025 | Hsieh Jackson President and CEO | Purchase | 56,000 | $993.8K |
| Feb 1, 2025 | Murphy Devin Ignatius Director | Award | 2,118 | $0 |
| Dec 26, 2024 | Stephen Andrea M Director | Sale | 63,289 | $1.30M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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