Macerich Co MAC
The Company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. 10-K, Item 1
- Headquarters
- Santa Monica, CA
- CEO
- Jackson Hsieh
- Next results
- around Feb 17, 2027
What changed
3 new risk paragraphs. 10-K filed Feb 20, 2026 against Feb 28, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
9 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 9 checks found nothing to note
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Cash from operations $321.6M vs net income −$197.1M (FY ending Dec 31, 2025)
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Same auditor in both 10-Ks: KPMG LLP
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No statement of substantial doubt about going concern
6 more checks with nothing to note
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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No longer listed: Evaluation of the fair value of the Chandler Freehold financing arrangement obligation and related gain on sale upon deconsolidation. Same as last year: Assessment of impairment of property, net and investments in unconsolidated joint ventures
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
3 paragraphs in Risk Factors that were not in the 10-K filed Feb 28, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 28, 2025 10-K, ITEM 1A
Artificial generative intelligence technologies present risks related to the control of our proprietary business information, keeping such information confidential, and emerging regulatory risk, any or all of which may adversely affect our business and results of operations. There are risks associated with AI, any or all of which could…
New risk paragraphs, against peers
Latest 10-K of each, Real estate companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $859.2M | $884.1M | $918.2M | $1.0B |
| Net income | −$66.1M | −$274.1M | −$194.1M | −$197.1M |
| Operating cash flow | $337.5M | $295.5M | $283.4M | $321.6M |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$1.0B ▲ 10.4% in FY2025−$197.1M in FY2025
Recent filings
2 filings in the last 30 days · SEC EDGAR
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10-QNov 5, 2026Quarterly report (10-Q) period ended Sep 30, 2026
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8-KNov 4, 2026Quarterly results, Regulation FD disclosure 8-K items 2.02, 7.01
About the company
Macerich Co, Santa Monica, CA · from the 10-K filed Feb 20, 2026
The Company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. The Company is the sole general partner of, and owns a majority of the ownership interests in, The Macerich Partnership, L.P., a Delaware limited partnership (the "Operating Partnership"). As of December 31, 2025, the Operating Partnership owned or had an ownership interest in 37 regional retail centers (including office, hotel and residential space adjacent to these shopping centers) and one community/power shopping center.
- Headquarters
- Santa Monica, CA
- Country
- United States
- Reports in
- USD
- Listed on
- NYSE
- Fiscal year ends
- December 31
- Last results
- Nov 4, 2026
- Incorporated in
- MD
Email alerts
Sources
The 10-K filed Feb 20, 2026 (open at SEC), compared with the 10-K filed Feb 28, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
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