MAC at a glance
MACERICH CO (MAC, SEC CIK 912242) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on August 11, 2026 and Form 4 insider filings as recently as September 9, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), MACERICH CO (MAC) reported revenue of $1.0 billion (up 10.4% from FY2024) and a net loss of $197.1 million. Diluted EPS was -$0.78.
- As of June 30, 2026, 34 institutional investment managers tracked by SignalX reported holding MACERICH CO (MAC) shares worth $4.7 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Zecchini Christopher J on September 9, 2026 of 2,740 shares at $23.28 per share.
- In the last 90 days, MAC insiders reported 0 open-market purchases ($0) and 1 open-market sale ($64K) on Form 4, a net sale of $64K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $1.0B
- +10.4% vs prior year
- Insiders · 90 days
- 0 buys · 1 sell
- Net −$64K
- 13F holders
- 34 funds
- $4.7B · +3 vs prior quarter
- Latest 8-K
- Aug 11, 2026
- Item 1.01 · Item 3.02 · Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Operates as a real estate investment trust focused on acquisition, leasing, management, redevelopment, and development of regional retail centers
- Introduced and emphasized strategic Path Forward Plan in 2024 targeting deleveraging, consolidating joint ventures, and portfolio enhancement
- Significant portfolio changes including acquisition of Crabtree Mall and transition of multiple centers from joint ventures to consolidated assets
- Leased occupancy steady at ~94.0%, leasing volume surged 85% YoY to 7.1 million square feet with 1,199 new and renewal leases signed in 2025
- Default and transition of Santa Monica Place property to receiver in early 2025 after 2024 non-recourse loan default, unique event this year
Risk Factors
- Legal risk: Santa Monica Place loan default with court-appointed receiver since 3/18/25, loan non-recourse but asset disposition imminent
- Macroeconomic risk: $159.1M SOFR-based term loan on Crabtree Mall with variable interest (SOFR + 2.5%), exposed to rising interest rates
- Operational risk: Seven centers on long-term ground leases expiring 2038-2078, exposing company to lease renewal or purchase uncertainties
- Competitive risk: Vacant anchor stores requiring redevelopment or tenant replacement, risking reduced foot traffic vs. modern retail formats
- Financial risk: $340M 10-year loan on Washington Square at 5.58% fixed rate, majority interest-only term, with concentration of large maturities by 2035
Management Discussion & Analysis
- No segment performance data or profit margins mentioned
- Stock return from $100 to $210.76 over 5 years vs S&P Midcap 400 at $154.68
- $278.7M remaining share repurchase authorization from original $500M announced in 2017
AI summary of the MAC 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue and quarterly YoY change not provided in supplied MD&A excerpt
- Profitability margins and quarterly percentage changes not provided in supplied MD&A excerpt
- Annapolis Mall acquisition: $272.0M total purchase price, including $260.0M mall and $12.0M parcel
- Equity deployment: $448.2M net May offering proceeds used primarily for revolving debt repayment and Annapolis Mall funding
- Headwinds: inflation expected to negatively affect 2026 costs, alongside elevated interest rates and tariffs
Risk Factors
- Risk Factors section not provided in the filing text
- No new, updated, regulatory, operational, or financial risks identifiable from supplied pages
AI summary of the MAC 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 1.01: Entry into a Material Definitive Agreement
- Convertible Notes exchangeable for up to 32,992,757 MAC common shares
- Initial exchange rate of 42.5713 shares per $1,000 principal amount
Item 3.02: Unregistered Sales of Equity Securities
- Offering generated approximately $757.0 million in net proceeds after discounts, commissions, and expenses
- Approximately $45.0 million allocated to Capped Call Transactions, reducing potential equity dilution
Item 8.01: Other Events
- Private offering launched August 6, 2026, creating a new financing event for Macerich
- Notes pricing announced August 7, 2026, with terms detailed in Exhibit 99.2
Item EX-99.1: Item EX-99.1
- Proposed $600 million exchangeable senior notes due August 15, 2031, with a 13-day option for up to $90 million additional notes
- Proceeds targeted for capped-call costs, refinancing existing secured debt, and general corporate purposes
Item 8.01: Other Events
- New S-3 shelf registration replaces expired August 4, 2026 registration, preserving Macerich’s capital-raising flexibility
- ATM program retains up to $288,499,793 of common-stock capacity after $211,500,207 sold
Item 2.02: Results of Operations and Financial Condition
- Second-quarter and first-half 2026 results released for periods ended June 30, 2026
- Financial and operating details available in Exhibit 99.1, “Earnings Results & Supplemental Information”
Item 7.01: Regulation FD Disclosure
- Earnings Results & Supplemental Information furnished under Regulation FD
- Investor-relevant financial and supplemental metrics contained in the accompanying exhibit
Item EX-99.1: Item EX-99.1
- Q2 net loss narrowed to $27.1M from $40.9M, aided by a $6.6M asset-sale gain
- Adjusted FFO increased to $100.4M, or $0.35 per share, from $88.7M and $0.34
AI summaries of MAC 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for MAC
Don't miss the next MAC filing
- Alerts as it files. A push when MAC files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut MAC, by share count.
- Ask anything. An AI agent that reads every MAC filing and answers with sources.
MAC alerts on your phone. Follow it in the SignalX Android app.
Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Zecchini Christopher J | Sell | Sep 9, 2026 | 2,740 | $23.28 |
| Stephen Andrea M | A | Jun 30, 2026 | 32.66 | - |
| HERNANDEZ ENRIQUE JR | A | Jun 30, 2026 | 784.05 | - |
| Stephen Andrea M | A | Jun 1, 2026 | 6,720 | - |
| Hirsch Daniel J. | A | Jun 1, 2026 | 6,720 | - |
| LAING DIANA | A | Jun 1, 2026 | 6,720 | - |
| Murphy Devin Ignatius | A | Jun 1, 2026 | 6,720 | - |
| Lowenthal Marianne | A | Jun 1, 2026 | 6,720 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|
| Profitability | ||||
| Revenue | $884.1M | $918.2M | $1.0B | |
| Net Income | -$274.1M | -$194.1M | -$197.1M | |
| Net Margin | -31.0% | -21.1% | -19.4% | |
| Balance Sheet | ||||
| Total Assets | $7.5B | $8.6B | $8.4B | |
| Equity | $2.4B | $2.8B | $2.4B | |
| ROE | -11.2% | -7.0% | -8.1% | |
| Per Share | ||||
| EPS | $-1.28 | $-0.88 | $-0.78 | |
| Cash Flow | ||||
| Operating CF | $295.5M | $283.4M | $321.6M | |
Source: XBRL data in MACERICH CO (MAC)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate MAC share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 34 | $4.66B |
| Q1 2026 | 31 | $3.02B |
| Q4 2025 | 27 | $3.00B |
| Q3 2025 | 28 | $3.18B |
| Q2 2025 | 29 | $2.65B |
| Q1 2025 | 26 | $1.97B |
| Q4 2024 | 23 | $1.92B |
| Q3 2024 | 20 | $599.0M |
- BlackRock+8.48M (+18%)
- FMR LLC (Fidelity)+7.41M (+31%)
- Principal Financial Group+5.77M (+464%)
- Morgan Stanley+2.59M (+99%)
- Vanguard Portfolio Management LLC+1.75M (+7%)
- JPMorgan Chase & Co−4.68M (-59%)
- Ameriprise Financial−1.78M (-62%)
- Bank of America Corp−930.9K (-42%)
- Northern Trust−598.6K (-13%)
- Citadel Advisors LLC−170.9K (-7%)
- Soros Fund Management+1.94M
- Renaissance Technologies LLC+762.5K
- Raymond James Financial+60.1K
- D.E. Shaw & Co+26.4K
Source: 13F-HR filings on SEC EDGAR (aggregated from 218 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
MAC filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 9, 2026 | - | - | - |
| 8-K | Aug 11, 2026 | - | Analysis | - |
| SC 13G | Aug 7, 2026 | - | - | |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 10-Q | Aug 5, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 8-K | Jun 29, 2026 | - | Analysis | - |
| 8-K | Jun 17, 2026 | - | Analysis | - |
| 8-K | Jun 3, 2026 | - | Analysis | |
| 4 | Jun 2, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 8-K | Jun 1, 2026 | - | Analysis | |
| 8-K | May 13, 2026 | - | Analysis | |
| 10-Q | May 7, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 6, 2026 | - | Analysis | |
| SC 13G | Apr 30, 2026 | - | - | |
| 8-K | Mar 2, 2026 | - | Analysis | - |
| 8-K | Feb 26, 2026 | - | Analysis | - |
| 10-K | Feb 20, 2026 | Dec 31, 2025 | Analysis |
Related Real Estate companies
- AKR · ACADIA REALTY TRUSTReal Estate Investment Trusts
- ACR · ACRES Commercial Realty Corp.Real Estate Investment Trusts
- ADAM · ADAMAS TRUST, INC.Real Estate Investment Trusts
- ALX · ALEXANDERS INCReal Estate Investment Trusts
- ARE · Alexandria Real Estate EquitiesReal Estate Investment Trusts
- PINE · Alpine Income Property Trust, Inc.Real Estate Investment Trusts
- AAT · American Assets Trust, Inc.Real Estate Investment Trusts
- AHR · American Healthcare REIT, Inc.Real Estate Investment Trusts
MAC SEC filings: frequently asked questions
Are MAC insiders buying or selling?
In the last 90 days, MACERICH CO (MAC) officers, directors and 10% owners reported no open-market purchases and 1 open-market sale worth $63,787 by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold MAC stock?
As of June 30, 2026, the largest MACERICH CO (MAC) holders among the 13F filers tracked by SignalX were BlackRock ($1.4 billion), FMR LLC (Fidelity) ($792.5 million), Vanguard Portfolio Management LLC ($688.1 million), State Street Corp ($411.7 million), Vanguard Capital Management LLC ($319.5 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was MAC's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), MACERICH CO (MAC) reported revenue of $1.0 billion (up 10.4% from FY2024) and a net loss of $197.1 million. Diluted EPS was -$0.78. The figures come from the XBRL data in the 10-K.
What are the main risks in MAC's latest 10-K?
In the 10-K filed February 20, 2026, MACERICH CO (MAC) flagged: Legal risk: Santa Monica Place loan default with court-appointed receiver since 3/18/25, loan non-recourse but asset disposition imminent. Macroeconomic risk: $159.1M SOFR-based term loan on Crabtree Mall with variable interest (SOFR + 2.5%), exposed to rising interest rates. (AI summary of the Risk Factors section.)
What did MAC report in its latest 8-K?
MACERICH CO (MAC) filed an 8-K on August 11, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 3.02 (Unregistered Sales of Equity Securities) and Item 8.01 (Other Events). Convertible Notes exchangeable for up to 32,992,757 MAC common shares.
What are the latest MAC SEC filings?
MACERICH CO (MAC) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on August 11, 2026 and a Form 4 insider filing on September 9, 2026.
What is MAC's SEC CIK number?
MACERICH CO (MAC)'s SEC Central Index Key (CIK) is 912242. EDGAR lists every MAC filing under that number.
Ask anything about MAC
The research agent reads MAC's filings, financials, insider trades and 13F holders, then answers with sources.