Macerich Files 8-K on Operations & Financial Condition
Ticker: MAC · Form: 8-K · Filed: Feb 7, 2024 · CIK: 912242
Complexity: simple
Sentiment: neutral
Topics: financial-condition, regulation-fd, corporate-update
TL;DR
**Macerich just dropped an 8-K on its financials, get ready for potential news on their performance.**
AI Summary
The Macerich Company filed an 8-K on February 7, 2024, reporting on its 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure'. This filing indicates that the company is providing an update on its financial performance, likely ahead of a full earnings report, which is crucial for investors to understand the current health and future prospects of this real estate investment trust (REIT) specializing in shopping centers.
Why It Matters
This filing signals that Macerich is updating the market on its financial health, which directly impacts its stock valuation and dividend sustainability for investors.
Risk Assessment
Risk Level: medium — The filing itself is administrative, but the underlying financial condition it references could carry medium risk depending on the actual results disclosed.
Analyst Insight
A smart investor would monitor for the full financial results that this 8-K foreshadows, paying close attention to occupancy rates, rental income, and debt levels to assess the company's performance and dividend prospects.
Key Players & Entities
- The Macerich Company (company) — the registrant filing the 8-K
- February 7, 2024 (date) — date of the earliest event reported and filing date
- Maryland (company) — state of incorporation for The Macerich Company
- MAC (company) — trading symbol for The Macerich Company
- The New York Stock Exchange (company) — exchange where Macerich's common stock is registered
Forward-Looking Statements
- The Macerich Company will release detailed financial results soon, likely for the quarter ending December 31, 2023. (The Macerich Company) — high confidence, target: Q1 2024
- The 'Regulation FD Disclosure' suggests Macerich may have communicated material non-public information to certain parties, necessitating public disclosure. (The Macerich Company) — medium confidence, target: N/A
FAQ
What specific items are being reported in this 8-K filing by The Macerich Company?
The 8-K filing by The Macerich Company includes 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure' as per the 'ITEM INFORMATION' section.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is February 7, 2024, as stated in the 'Date of Report' section.
Where is The Macerich Company incorporated?
The Macerich Company is incorporated in Maryland, as indicated in the filing under 'State or other jurisdiction of incorporation'.
What is the trading symbol and the exchange where The Macerich Company's common stock is registered?
The trading symbol for The Macerich Company's common stock is MAC, and it is registered on The New York Stock Exchange, according to the 'Securities registered pursuant to Section 12(b) of the Act' section.
What is the business address and phone number of The Macerich Company?
The business address of The Macerich Company is 401 Wilshire Boulevard, Suite 700, Santa Monica, California 90401, and its telephone number is (310) 394-6000, as listed in the 'BUSINESS ADDRESS' and 'Registrant’s telephone number' sections.
Filing Stats: 601 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2024-02-07 06:55:27
Key Financial Figures
- $0.01 — Common stock of The Macerich Company, $0.01 par value per share MAC The New York St
Filing Documents
- mac-20240207.htm (8-K) — 32KB
- a2023q4-exhibit9911.htm (EX-99.1) — 1034KB
- chart-3b5055ad3ea342d4850.jpg (GRAPHIC) — 48KB
- chart-a6af6672bf9d4fe8a5f.jpg (GRAPHIC) — 54KB
- macerich-blk.jpg (GRAPHIC) — 782KB
- q42023cover.jpg (GRAPHIC) — 552KB
- 0000912242-24-000005.txt ( ) — 3235KB
- mac-20240207.xsd (EX-101.SCH) — 2KB
- mac-20240207_lab.xml (EX-101.LAB) — 24KB
- mac-20240207_pre.xml (EX-101.PRE) — 13KB
- mac-20240207_htm.xml (XML) — 3KB
02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On February 7, 2024, The Macerich Company (the "Company) released its financial results for the three and twelve months ended December 31, 2023 by posting to its website a financial supplement containing financial and operating information of the Company ("Earnings Results & Supplemental Information") and such Earnings Results & Supplemental Information is furnished as Exhibit 99.1 hereto. The Earnings Results & Supplemental Information included as an exhibit with this report is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed to be "filed" with the SEC or incorporated by reference into any other filing with the SEC.
01 REGULATION FD DISCLOSURE
ITEM 7.01 REGULATION FD DISCLOSURE. The Earnings Results & Supplemental Information included as an exhibit with this report is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be "filed" with the SEC or incorporated by reference into any other filing with the SEC.
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. Listed below are the financial statements, pro forma financial information and exhibits furnished as part of this report: (a), (b) and (c) Not applicable. (d) Exhibit. Exhibit Index attached hereto and incorporated herein by reference. 2 EXHIBIT INDEX EXHIBIT NUMBER NAME 99.1 Earnings Results & Supplemental Information for the Three and Twelve Months Ended December 3 1 , 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, The Macerich Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE MACERICH COMPANY By: Scott W. Kingsmore February 7, 2024 /s/ Scott W. Kingsmore Date Senior Executive Vice President, Chief Financial Officer and Treasurer 4