For Mall Giant Macerich, More Turnaround in Q3

For Mall Giant Macerich, More Turnaround in Q3

Mall owner Macerich’s net operating income (NOI) and revenue were up annually in the third quarter of 2026 behind strong leasing and generally favorable conditions for owners of top-shelf brick-and-mortar retail.  The Santa Monica, Calif.-based real estate investment trust (REIT), however, recorded a loss attributable to the company of more than $16.73 million for the […]

Macerich’s 2026 Playbook Shows the Mall Market Splitting Into Trophies and Holdouts

Macerich's third-quarter results read like a field guide to the 2026 mall market, with the REIT buying malls again, swapping 6.6 percent mortgage debt for 2.25 percent exchangeable notes, filling dead department stores with sporting goods and entertainment anchors, and watching its trophy centers pull further away from the rest of its portfolio.