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Mall Giant Macerich Narrows Losses in Q2 Amid Stronger Leasing
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Commercial Observer
Macerich owns 40 million square feet of real estate, most of it within 37 malls in markets in California, the Pacific Northwest, and the Washington-to-New York corridor.
Macerich reported leased occupancy of 94 percent in the second quarter, up from 92 percent during the same period in 2025.
The REIT signed around 1.3 million square feet of new and renewal leases.
That led to what Macerich described as 1 percent annual increase in the second quarter of new-store square footage.
The REIT’s revenue from leases was $233.4 million in the second quarter, up slightly from $232.7 in the second quarter of 2025.