Macerich Gains 16.4% Over Six Months on $1.3B Asset Sales and 94% Occupancy
Macerich shares rose 16.4% over the past six months, surpassing industry growth of 12% as it completed $1.3 billion of a $2 billion disposition target. The REIT reported stable 94% occupancy, positive lease spreads, a $900 million revolving credit facility and committed 30 anchor replacements totaling 2.9 million square feet.
1. Six-Month Stock Performance
Macerich shares climbed 16.4% over six months, outperforming the industry’s 12% gain, reflecting investor confidence in its asset management and redevelopment strategy.
2. Portfolio and Occupancy Metrics
The REIT’s portfolio of high-quality shopping centers maintained 94% occupancy at year-end 2025, with positive leasing spreads on renewals and new leases driving same-center NOI growth of 1.8%.
3. Capital Recycling and Credit Facility
Macerich has executed $1.3 billion of its $2 billion asset disposition plan, boosting liquidity, and closed a $900 million revolving credit facility to fund redevelopment and reduce leverage.
4. Anchor Replacements and Redevelopment Pipeline
All 30 targeted anchor and big-box replacements totaling 2.9 million square feet are committed, expected to generate $750 million in annual tenant sales and support in-line leasing through increased foot traffic.