Macerich

What Macerich does

Macerich (NYSE: MAC) is a publicly traded retail real estate investment trust founded in 1955 and headquartered in Santa Monica, California. The company owns and operates approximately 39 million square feet of retail real estate across 38-44 regional shopping centers, concentrated in the most affluent and densely populated U.S. markets including California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York-Washington D.C. corridor, with recent expansion into North Carolina and Maryland. Macerich's portfolio includes flagship Class A properties such as Tysons Corner Center, Scottsdale Fashion Square, Queens Center, Washington Square, FlatIron Crossing, and Annapolis Mall.

Macerich generates revenue primarily through fixed minimum rent and percentage rent on long-term leases to national and regional retailers, supplemented by short-term leasing via its QuikSpace platform (carts, kiosks, pop-ups, and storage), sponsorships and naming rights (exemplified by the PenFed Credit Union partnership at Tysons Corner Center), and a Media Network for in-mall advertising. The company is pursuing a strategic portfolio transformation under CEO Jack Hsieh's Path Forward Plan 3.0, which has involved $1B+ in non-core divestitures, Class A mall acquisitions (Annapolis Mall for $272M and Crabtree Mall), and large mixed-use redevelopment projects such as the $240-260M HiFi at FlatIron Crossing. Operations are supported by Wi-Fi analytics, video traffic monitoring, license plate recognition, and mobile beacon technology that collect shopper behavior data for tenant leasing decisions and marketing monetization.

Name

Macerich

Legal name

The Macerich Company

Website

https://macerich.com

Company type

Public

Founded year

1955

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Macerich (NYSE: MAC) is a publicly traded retail REIT that owns and operates approximately 39 million square feet of Class A regional shopping centers across the most affluent U.S. markets, leasing space to national and experiential retail tenants while pursuing portfolio transformation through acquisitions, divestitures, and mixed-use redevelopment.

Ownership category

akta.pro rank

Product category

Retail Real Estate (Shopping Center REIT)

NAICS

Rental and Leasing Services (532), Open-End Investment Funds (525910)

SIC

Real Estate Investment Trusts (6798), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Regional Department Store–Anchored Multi-Category Retail (Store-in-Store) (CRAGAFAH)

akta.pro secondary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Retail real estate
• Shopping center leasing
• Commercial property management
• Mixed-use development
• REIT operations

Headquarters

HQ city

Santa Monica

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others, Technology or R&D

Revenue model

1. Retail Tenant Rent and Lease Income: Primary revenue stream from leasing retail space to tenants including inline stores, anchor departments, restaurants, and entertainment venues. Revenue is primarily fixed minimum rent with some percentage rent components based on tenant sales.
2. Sponsorships and Naming Rights: Revenue from naming rights partnerships at redeveloped gathering spaces, exemplified by PenFed Credit Union naming rights at Tysons Corner Center. Company seeks similar partnerships at Scottsdale Fashion Square.
3. Dividend Distributions: As a REIT, Macerich distributes at least 90% of taxable income to shareholders as dividends. Quarterly dividend of $0.17 per share declared in 2026, yielding approximately 2.67-3.35%.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Macerich is a publicly traded REIT that owns, operates, and develops approximately 39 million square feet of Class A regional shopping mall space across 38–44 retail centers in major U.S. markets. Its primary offering is long-term retail space leasing to national and regional retail tenants, supplemented by the QuikSpace digital platform for short-term retail space leasing (carts, kiosks, pop-ups, storage), Media Network advertising and sponsorship opportunities, and mixed-use property development and redevelopment services.

Product overview

Macerich operates as a fully integrated retail REIT offering a portfolio of 44 regional shopping centers across densely populated U.S. markets, primarily in California, Pacific Northwest, Phoenix/Scottsdale, and Metro New York to Washington D.C. corridor. The core product is long-term retail leasing across its property portfolio, complemented by the QuikSpace short-term leasing platform, Media Network advertising solutions, and Experiential Marketing services. The company generates value through strategic redevelopment projects (HiFi mixed-use developments) and acquisitions of Class A malls, with a focus on attracting Gen Z shoppers through socialization, convenience, and physical interaction experiences. The portfolio includes flagship properties such as Washington Square (Portland, OR), Tysons Corner Center (VA), Scottsdale Fashion Square (AZ), Queens Center (NY), and Green Acres (NY), totaling approximately 39-47 million square feet of retail real estate.

Differentiator

Problem solved

Functional benefit

Brands

• HiFi: Mixed-use outdoor development concept at FlatIron Crossing featuring residential, retail, entertainment, and dining spaces with total investment exceeding $400 million.
• QuikSpace
• PenFed Plaza at Tysons Corner Center

Products and services

• Long-Term Retail Leasing
• QuikSpace
• Media Network
• Experiential Marketing and Brand Activations
• Property Development and Redevelopment Services
• HiFi Mixed-Use Development
• Annapolis Mall Acquisition
• RH Development at Broadway Plaza

Quantifiable outcome

• 93.4% portfolio leased occupancy as of March 2026
• +6 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor, strategic and core.

• Scottsdale Fashion Square Naming Rights PartnerminorGTM or Marketing Partner · 23 June 2026Seeking naming rights partner for newly redeveloped gathering space and social hub at Scottsdale Fashion Square. Proposals due July 15, 2026. Third phase of renovation expected to complete before holiday season 2026.
• CBREstrategicStrategic or Co-development Partner · 16 March 2026CEO Jack Hsieh appeared on CBRE's The Weekly Take Podcast discussing mall strategy, Gen Z attraction, and NOI improvement initiatives.
• Dick's Sporting GoodscoreStrategic or Co-development Partner · 1 January 2026DICK'S House of Sport concept planned at Fashion Fair (120,000-150,000 sq ft), Annapolis Mall (opening August 2026), Valley River Center, and Washington Square. Experience-driven retail format representing major anchor commitment.
• RH (Restoration Hardware)strategicStrategic or Co-development Partner · 1 January 2026Redevelopment partnership at Broadway Plaza Walnut Creek, transforming former Neiman Marcus site into 29,900 sq ft immersive retail, food, wine, art, and design complex with full-service restaurant in glass conservatory structure.
• CBREstrategicChannel Partner/ Reseller/ Distributor · 23 October 2025Leasing partnership for Deptford Mall property designed to extend Macerich's internal leasing efforts and leverage CBRE's expertise in marketing harder-to-lease spaces to secure additional tenants.
• PenFed Credit UnioncoreGTM or Marketing Partner · 1 January 2025Multi-year naming rights partnership for PenFed Plaza at Tysons Corner Center, establishing a model for future naming rights opportunities at other properties including Scottsdale Fashion Square's redeveloped gathering space.
• Flagship Restaurant GroupstrategicStrategic or Co-development Partner · 1 January 2025Operating Shake Shack and other restaurants at HiFi mixed-use development in Broomfield, Colorado. Total project investment exceeding $400 million.

Scale indicators13 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Simon Property Group: Simon Property Group (NYSE: SPG) is the largest U.S. mall REIT with a portfolio of approximately 200 income-producing properties including Class A malls and premium outlets. Directly comparable to Macerich as both own and operate Class A regional malls serving national retail tenants, though Simon is materially larger and more diversified globally.
• Brookfield Property Partners: Brookfield Property Partners owns a large portfolio of retail and office properties including high-quality malls and mixed-use developments in major U.S. and international markets. Directly comparable to Macerich in Class A mall ownership and redevelopment strategy, though it operates a broader property mix including office.
• Federal Realty Investment Trust: Federal Realty (NYSE: FRT) owns a portfolio of approximately 100 shopping centers and mixed-use properties in affluent coastal U.S. markets. Comparable to Macerich's strategy of owning dominant Class A properties in top markets, with a focus on grocery-anchored and mixed-use centers rather than enclosed malls.
• Kimco Realty: Kimco Realty (NYSE: KIM) is one of the largest publicly traded REITs in North America, owning approximately 570 shopping centers totaling 100+ million sq ft. Comparable as a retail REIT serving national tenants, though Kimco's portfolio skews more toward open-air grocery-anchored centers versus Macerich's enclosed mall focus.
• Regency Centers: Regency Centers (NASDAQ: REG) owns approximately 480 grocery-anchored shopping centers in top U.S. markets. Comparable as a retail REIT focused on high-quality properties in affluent trade areas, but Regency's grocery-anchored model differs from Macerich's enclosed mall format.
• Brixmor Property Group: Brixmor Property Group (NYSE: BRX) owns approximately 370 open-air shopping centers totaling 65+ million sq ft. Comparable retail REIT with similar leasing motion to national retail tenants, though Brixmor's properties are predominantly open-air centers versus Macerich's enclosed mall portfolio.
• Kite Realty Group: Kite Realty Group (NYSE: KRG) is a retail REIT owning approximately 180 open-air shopping centers and mixed-use properties in top U.S. markets. Comparable in retail REIT structure and tenant mix, though smaller and more focused on open-air centers than enclosed malls.
• Phillips Edison & Company: Phillips Edison & Company (NASDAQ: PECO) owns approximately 340 neighborhood and community shopping centers totaling 40+ million sq ft. Comparable as a retail REIT but with a focus on necessity-based grocery-anchored centers rather than Class A malls.
• Taubman Centers: Taubman Centers was a publicly traded REIT specializing in Class A regional malls in top U.S. markets before being acquired by Simon Property Group in 2020. Highly comparable historical peer with similar portfolio strategy of owning dominant Class A malls, now operates as part of SPG.

Others

• CBRE Group: CBRE Group (NYSE: CBRE) is the world's largest commercial real estate services firm, providing advisory, brokerage, and property management services. Macerich has a leasing partnership with CBRE for Deptford Mall. CBRE is an ecosystem partner rather than direct competitor — relevant as the outsourced leasing channel for select Macerich assets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/15929
• Xx.com/macerich
• Facebookfacebook.com/659814100702479

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries7 records

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Macerich