Name | Value |
---|---|
Revenues | 211.7M |
Cost of Revenue | 172.3M |
Gross Profit | 39.4M |
Operating Expense | 13.5M |
Operating I/L | 25.9M |
Other Income/Expense | -122.5M |
Interest Income | 0.0M |
Pretax | -96.6M |
Income Tax Expense | -1.2M |
Net Income/Loss | -126.9M |
Macerich is a real estate investment trust specializing in the acquisition, leasing, management, development, and redevelopment of regional malls across the United States. With a portfolio of 47 regional shopping centers totaling 51 million square feet, the company focuses on successful retail properties in densely populated markets, particularly in the West Coast, Arizona, Chicago, and the Metro New York to Washington, DC corridor. Macerich has established itself as a leader in sustainability, consistently achieving the #1 GRESB ranking in the North American Retail Sector for five consecutive years from 2015 to 2019.