Macerich's Q4 net loss narrows, FFO rises slightly

The Macerich

18/02/2026 21:36

Overview

Retail real estate owner's Q4 net loss narrows sharply compared to last year

Funds from operations for Q4 rose slightly, driven by legal claims settlement income

Company signed leases for 1.4 mln sq ft in Q4, a 36% increase over last year

Outlook

Company expects new store leases to generate $107 mln in gross revenue

Macerich plans to complete leasing pipeline and ensure timely tenant occupancy in 2026

Company aims to solidify lease expirations and explore new acquisition opportunities

Result Drivers

LEGAL CLAIMS SETTLEMENT - FFO for Q4 2025 included income from legal claims settlement, offset by higher corporate expenses

LEASING VOLUME - Macerich signed leases for 1.4 mln sq ft in Q4, a 36% increase over Q4 2024

NET LOSS REDUCTION - Q4 net loss narrowed significantly due to absence of asset sales or write-downs from 2024

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
-$18.80 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy."

Wall Street's median 12-month price target for Macerich Co is $20.00, about 6.4% above its February 17 closing price of $18.79

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)