Ticker
Reporting Basis
Period
From
To
Form Type
Report Format
Update Type

MACERICH CO   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Minimum rents------------575.86594.03616.30759.60
Percentage rents------------17.5717.1220.9025.69
Tenant recoveries------------263.48283.30305.28415.13
Leasing revenue850.45809.02800.55787.55740.32858.87--------
Management Companies29.8130.1928.5126.0223.4640.7143.4843.3939.4626.25
Other37.9444.8630.1033.8722.2427.8859.9755.8259.3361.47
Total Revenues918.20884.07859.16847.44786.03927.46960.35993.661,041.271,288.15
Leasing expenses41.3436.4232.6724.8425.1929.61--------
Shopping center and operating expenses306.87288.41289.88295.02257.21271.55277.47295.19307.62379.82
Management Companies’ operating expenses82.0670.0667.8061.0365.5866.80103.53100.1298.3292.34
Depreciation and amortization294.78282.36291.61311.13319.62330.73327.44335.43348.49464.47
REIT general and administrative expenses28.1529.2427.1630.0630.3422.6324.1628.2428.2229.87
Costs related to unsolicited takeover offer------------(19.37)----(25.20)
Interest expense: Related parties(11.26)(24.21)34.74(3.72)(135.28)(62.52)6.888.738.9710.52
Interest expense: Other231.25197.13182.12196.40210.83200.77176.08163.05154.70201.43
Gain on sale of assets----------(11.91)(31.83)42.45415.35378.25
Gain on remeasurement of assets------------------22.09
Equity in income of unconsolidated joint ventures(197.35)(156.94)(5.26)15.69(27.04)48.5171.7785.5556.9445.16
Minority interest in consolidated joint ventures--------------------
Gain on early extinguishment of debt14.408.21--(1.01)--(0.35)----1.711.49
Co-venture expense--------------(13.63)(13.38)(11.80)
Pre-Tax Income(237.92)(144.07)(72.07)(52.63)(14.50)104.1465.37177.27555.56519.69
Income tax expense (benefit)(1.30)(0.49)0.716.95(0.45)1.59(3.60)15.590.72(3.22)
Current--------(0.44)0.15(0.41)0.19(0.18)--
Deferred1.300.490.716.95(0.01)1.44(3.19)(15.78)(0.55)3.22
Loss on early extinguishment of debt--------------------
(Loss) gain on remeasurement, sale or write down of assets, net38.96(134.52)7.7075.74(68.11)----------
(Loss) gain on remeasurement of assets--------(163.30)----------
Income from continuing operations--------------161.67554.84522.91
Discontinued operations: Income from discontinued operations--------------------
Discontinued operations: Gain on sale of assets--------------------
Extraordinary loss on early extinguishment of debt--------------------
Consolidated net income (loss)(197.67)(278.10)(65.08)16.16(245.46)102.5568.97161.67554.84522.91
Less: minority interest in Operating Partnership--------------------
Less net income attributable to noncontrolling interests(3.55)(4.03)0.991.90(15.26)5.738.9515.5437.8435.35
Net income (loss) attributable to the Company(194.12)(274.07)(66.07)--(230.20)----------
Less: preferred dividends--------------------
Allocation of earnings to participating securities--------1.05----------
Net income (loss) available to common shareholders(194.12)(274.07)(66.07)14.26(231.25)96.8260.02146.13517.00487.56
Income from continuing operations------------------3.08
EPS (Basic) : Income from discontinued operations--------------------
Extraordinary item--------------------
Net Earnings Per Share (Basic)(0.88)(1.28)(0.31)0.07(1.58)0.680.421.023.523.08
Income from continuing operations------------------3.08
EPS (Diluted) : Income from discontinued operations--------------------
Extraordinary item--------------------
Net Earnings Per Share (Diluted)(0.88)(1.28)(0.31)0.07(1.58)0.680.421.023.523.08
Weighted Average Shares Outstanding (Basic)221.85215.55215.03198.07146.23141.34141.14141.88146.60157.92
Weighted Average Shares Outstanding (Diluted)221.85215.55215.03198.07146.23141.34141.14141.91146.71158.06
Funds from operations (FFO)360.86404.80437.53422.19339.51536.96564.44582.88642.30642.27