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The Macerich Company (NYSE:MAC), a retail REIT with a market capitalization of $4.5 billion and a notable 32-year history of consecutive dividend payments, has completed the sale of two properties, according to a press release statement based on a recent SEC filing. According to InvestingPro analysis, the company currently offers a 3.95% dividend yield while managing a total debt load of $5.39 billion.
On Monday, Macerich closed the sale of Lakewood Center in Lakewood, California, for $332.1 million. The transaction included the buyer’s assumption of a $317.1 million loan on the property, which matures in June 2026. The company expects to use approximately $5.0 million in net proceeds from this sale for general corporate purposes.
On Wednesday, Macerich finalized the sale of Valley Mall in Harrisburg, Virginia, for $22.1 million. This property was unencumbered, and the company expects to use the net proceeds of about $20.9 million for general corporate purposes.
The information is based on a press release statement included in Macerich’s Form 8-K filing with the Securities and Exchange Commission.
In other recent news, Macerich Company announced its financial results for the second quarter of 2025, highlighting a solid performance in its core operations. The company reported Funds From Operations (FFO) of $87 million, which translates to $0.33 per share. Despite a slight decrease in occupancy rates due to store closures, Macerich maintained strong leasing momentum. These developments reflect the company’s ability to navigate market challenges while sustaining its operational performance. Investors showed caution, considering broader market uncertainties. The company’s financial results suggest a steady trajectory, even amidst minor setbacks in occupancy. These recent developments indicate Macerich’s continued focus on maintaining its leasing activities and financial health.
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