The Macerich Company — Q3 2026 Earnings Summary

The Macerich Company reported a net loss of $16.7 million for the third quarter of 2026, a significant improvement from the $87.4 million loss in the same period of 2025, driven primarily by gains on asset sales. Adjusted Funds from Operations (FFO) for the quarter reached $109.1 million, while Go-Forward Portfolio Centers net operating income increased by 4.7% year-over-year. The company's leased portfolio occupancy rose to 94.9% as of September 30, 2026, supported by the signing of approximately 1.2 million square feet of new leases during the quarter. Financially, the company closed a $775 million offering of exchangeable senior notes and sold Pacific View for $69.7 million, while managing two loans that entered default status subsequent to the quarter end.