MACERICH CO

For the period ended Dec 31, 2025. Filed Feb 20, 2026.

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.

FY2025 · Filed Feb 20, 2026

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/Entities	Land	Building andImprovements	EquipmentandFurnishings	Cost CapitalizedSubsequent toAcquisition, net of (impairments)	Land	Building andImprovements	EquipmentandFurnishings	Constructionin Progress	Total	AccumulatedDepreciation	Total CostNet ofAccumulatedDepreciation
Arrowhead Towne Center	$57,388	$310,026	$—	$6,326	$57,388	$315,931	$410	$11	$373,740	$15,019	$358,721
Crabtree Mall	55,784	196,227	—	7,248	55,784	200,237	58	3,180	259,259	5,774	253,485
Danbury Fair Mall	130,367	316,951	—	134,015	142,751	427,169	11,241	172	581,333	229,712	351,621
Desert Sky Mall	9,447	37,245	12	10,289	6,628	45,114	5,139	112	56,993	22,243	34,750
Eastland Mall	22,050	151,605	—	18,341	20,810	168,585	2,601	—	191,996	70,952	121,044
Fashion District Philadelphia	38,402	293,112	—	(249,322)	10,331	71,132	567	162	82,192	4,198	77,994
Fashion Outlets of Chicago	—	—	—	280,485	40,575	235,930	3,893	87	280,485	104,203	176,282
Fashion Outlets of Niagara Falls USA	18,581	210,139	—	(162,764)	6,961	58,733	262	—	65,956	8,719	57,237
Freehold Raceway Mall	164,986	362,841	—	129,939	168,098	477,675	9,158	2,835	657,766	284,496	373,270
Fresno Fashion Fair	17,966	72,194	—	65,509	17,966	133,212	3,650	841	155,669	90,871	64,798
Green Acres Mall	156,640	321,034	—	266,784	156,919	440,250	12,165	135,124	744,458	196,375	548,083
Inland Center	8,321	83,550	—	53,044	10,291	123,588	2,239	8,797	144,915	53,811	91,104
Kings Plaza Shopping Center	209,041	485,548	20,000	308,533	203,646	707,998	67,316	44,162	1,023,122	296,307	726,815
La Cumbre Plaza	18,122	21,492	—	(28,633)	5,583	5,373	25	—	10,981	139	10,842
Los Cerritos Center	141,737	415,727	—	7,772	137,101	407,276	132	20,727	565,236	13,509	551,727
Macerich Management Co.	1,150	10,475	26,562	(3,439)	—	14,513	20,235	—	34,748	20,504	14,244
MACWH, LP	—	25,771	—	(759)	—	25,012	—	—	25,012	13,817	11,195
NorthPark Mall	7,746	74,661	—	13,014	6,714	86,995	1,606	106	95,421	42,403	53,018
Pacific View	8,697	8,696	—	139,042	7,854	147,033	1,548	—	156,435	103,257	53,178
Prasada	6,615	—	—	19,607	—	26,222	—	—	26,222	8,671	17,551
Queens Center	251,474	1,039,922	—	97,582	256,786	1,122,252	7,812	2,128	1,388,978	310,385	1,078,593
Santa Monica Place	26,400	105,600	—	71,584	30,673	156,937	559	15,415	203,584	3,375	200,209
SanTan Village Regional Center	7,827	—	—	236,006	5,921	233,136	3,208	1,568	243,833	142,851	100,982
South Plains Mall	13,274	89,410	—	3,786	10,414	69,392	116	26,548	106,470	4,167	102,303
Stonewood Center	4,948	302,527	—	22,112	4,935	320,285	2,230	2,137	329,587	105,805	223,782
Superstition Springs Center	10,928	112,718	—	15,995	10,928	125,215	3,498	—	139,641	48,079	91,562
The Macerich Partnership, L.P.	—	2,534	—	2,222	—	—	4,756	—	4,756	317	4,439
Valley River Center	24,854	147,715	—	39,572	24,854	184,471	1,882	934	212,141	104,302	107,839
Victor Valley, Mall of	15,700	75,230	—	61,175	20,080	130,278	1,738	9	152,105	79,958	72,147
Vintage Faire Mall	14,902	60,532	—	68,712	17,647	123,960	1,708	831	144,146	93,719	50,427
Washington Square	80,847	470,233	—	9,011	80,848	477,911	195	1,137	560,091	15,674	544,417
Other freestanding stores	47,083	111,936	—	15,884	20,430	98,932	922	54,619	174,903	16,234	158,669

Schedule III—Real Estate and Accumulated Depreciation (Continued)

Initial Cost to Company · Gross Amount at Which Carried at Close of Period
Shopping Centers/Entities	Land	Building andImprovements	EquipmentandFurnishings	Cost CapitalizedSubsequent toAcquisition, net of (impairments)	Land	Building andImprovements	EquipmentandFurnishings	Constructionin Progress	Total	AccumulatedDepreciation	Total CostNet ofAccumulatedDepreciation
Other land and development properties	37,850	—	—	(29,377)	—	6,973	—	1,500	8,473	2,673	5,800
	$1,609,127	$5,915,651	$46,574	$1,629,295	$1,538,916	$7,167,720	$170,869	$323,142	$9,200,647	$2,512,519	$6,688,128

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 improvements	5 - 40 years
Tenant improvements	5 - 7 years
Equipment and furnishings	5 - 7 years

The changes in total real estate assets for the three years ended December 31, 2025 are as follows:

	2025	2024	2023
Balances, beginning of year	$9,444,980	$8,710,352	$8,920,580
Additions	427,765	2,072,258	257,160
Dispositions, impairments and retirements	(672,098)	(1,337,630)	(467,388)
Balances, end of year	$9,200,647	$9,444,980	$8,710,352

The aggregate cost of the property included in the table above for federal income tax purposes was $10,688,254 (unaudited) at December 31, 2025.

The changes in accumulated depreciation for the three years ended December 31, 2025 are as follows:

	2025	2024	2023
Balances, beginning of year	$2,347,867	$2,809,863	$2,792,790
Additions	293,258	269,020	265,140
Dispositions, impairments and retirements	(128,606)	(731,016)	(248,067)
Balances, end of year	$2,512,519	$2,347,867	$2,809,863

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.