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Midas Edge

MACERICH CO

For the period ended Dec 31, 2024. Filed Feb 28, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 28, 2025

MAC$25.62+1.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Schedule III—Real estate and accumulated depreciation

Initial Cost to Company · Gross Amount at Which Carried at Close of Period
Shopping Centers/EntitiesLandBuilding andImprovementsEquipmentandFurnishingsCost CapitalizedSubsequent toAcquisition, net of (impairments)LandBuilding andImprovementsEquipmentandFurnishingsConstructionin ProgressTotalAccumulatedDepreciationTotal CostNet ofAccumulatedDepreciation
Arrowhead Towne Center$57,388$310,026$—$2,428$57,388$312,254$200$—$369,842$5,409$364,433
Danbury Fair Mall130,367316,951—133,439142,751426,21811,233555580,757215,315365,442
Desert Sky Mall9,44737,245127,7916,84343,0384,614—54,49520,42934,066
Eastland Mall22,050151,605—17,15420,810167,3982,601—190,80965,811124,998
Fashion District Philadelphia38,402293,112—(240,024)11,48478,2954471,26491,490—91,490
Fashion Outlets of Chicago———282,16240,575237,3614,226—282,162101,581180,581
Fashion Outlets of Niagara Falls USA18,581210,139—(162,881)6,96158,5372667565,8394,82861,011
Freehold Raceway Mall164,986362,841—125,568168,098474,6929,0861,519653,395270,215383,180
Fresno Fashion Fair17,96672,194—63,85017,966132,6093,435—154,01086,23367,777
Green Acres Mall156,640321,034—241,153173,294458,69912,19774,637718,827191,426527,401
Inland Center8,32183,550—48,23110,226113,94081215,124140,10247,75092,352
Kings Plaza Shopping Center209,041485,54820,000294,435203,994708,50566,73929,7861,009,024268,928740,096
La Cumbre Plaza18,12221,492—(23,211)7,8138,54941—16,40347115,932
Lakewood Center119,530166,367—(677)119,530165,66228—285,2201,004284,216
Los Cerritos Center142,844419,012—2,533161,924402,336129—564,3892,543561,846
Macerich Management Co.1,15010,47526,5629,8123,87820,33023,65114047,99924,51823,481
MACWH, LP—25,771—(759)—25,012——25,01213,17611,836
NorthPark Mall7,74674,661—10,9746,71484,5961,40167093,38138,96554,416
Pacific View8,6978,696—139,3137,854147,3121,540—156,70698,88057,826
Prasada6,615——18,714—25,329——25,3296,84518,484
Queens Center251,4741,039,922—89,635256,7861,116,1837,3087541,381,031266,9621,114,069
Santa Monica Place26,400105,600—176,61439,730172,41980195,664308,61412,513296,101
SanTan Adjacent Land29,414——9,88326,9023,442—8,95339,2977139,226
SanTan Village Regional Center7,827——231,8395,921230,5733,069103239,666135,597104,069
SouthPark Mall7,03538,215—(9,879)2,76332,089519—35,37120,77414,597
South Plains Mall13,27489,410—1,61312,58668,9493322,729104,2971,572102,725
Stonewood Center4,948302,527—18,5344,935319,1231,92823326,00996,753229,256
Superstition Springs Center10,928112,718—15,20310,928125,1192,802—138,84944,22294,627
The Macerich Partnership, L.P.—2,534—4,178—1,7384,7562186,7123536,359
Valley Mall16,04526,098—13,90213,80541,761479—56,04521,68434,361
Valley River Center24,854147,715—38,02724,854183,7281,91599210,59698,309112,287
Victor Valley, Mall of15,70075,230—60,73320,080129,7091,874—151,66376,91674,747
Vintage Faire Mall14,90260,532—66,87117,647122,7671,704187142,30590,71451,591

Schedule III—Real Estate and Accumulated Depreciation (Continued)

Initial Cost to Company · Gross Amount at Which Carried at Close of Period
Shopping Centers/EntitiesLandBuilding andImprovementsEquipmentandFurnishingsCost CapitalizedSubsequent toAcquisition, net of (impairments)LandBuilding andImprovementsEquipmentandFurnishingsConstructionin ProgressTotalAccumulatedDepreciationTotal CostNet ofAccumulatedDepreciation
Washington Square83,708496,254—81687,262493,49125—580,7782,754578,024
Wilton Mall19,74367,855—(62,458)8,53316,199407125,14031224,828
Other freestanding stores47,083111,936—1,41612,46170,58330477,087160,43511,848148,587
Other land and development properties37,850——(24,869)—6,679—6,30212,9812,18610,795
$1,749,078$6,047,265$46,574$1,602,063$1,713,296$7,225,224$170,570$335,890$9,444,980$2,347,867$7,097,113

See accompanying report of independent registered public accounting firm.

Schedule III—Real Estate and Accumulated Depreciation (Continued)

Depreciation of the Company's investment in buildings and improvements reflected in the consolidated statements of operations are calculated over the estimated useful lives of the assets as follows:

Buildings and improvements5 - 40 years
Tenant improvements5 - 7 years
Equipment and furnishings5 - 7 years

The changes in total real estate assets for the three years ended December 31, 2024 are as follows:

202420232022
Balances, beginning of year$8,710,352$8,920,580$8,847,550
Additions2,072,258257,160156,445
Dispositions, impairments and retirements(1,337,630)(467,388)(83,415)
Balances, end of year$9,444,980$8,710,352$8,920,580

The aggregate cost of the property included in the table above for federal income tax purposes was $10,288,600 (unaudited) at December 31, 2024.

The changes in accumulated depreciation for the three years ended December 31, 2024 are as follows:

202420232022
Balances, beginning of year$2,809,863$2,792,790$2,563,344
Additions269,020265,140271,494
Dispositions, impairments and retirements(731,016)(248,067)(42,048)
Balances, end of year$2,347,867$2,809,863$2,792,790

See accompanying report of independent registered public accounting firm.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.