Macerich Highlights Strong Leasing Momentum and Path Forward Progress
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Macerich ( (MAC) ) has provided an announcement.
On March 2, 2025, Macerich posted a business update presentation for investors ahead of its participation in Citi’s 2026 Global Property CEO Conference in Hollywood, Florida, detailing record leasing activity through year-end 2025 and strong momentum across its go-forward portfolio. The company reported that new and renewal space signed nearly doubled to 7.1 million square feet in 2025 with higher lease counts, 400-plus new store openings from 2024–2025 including luxury, digitally native and experiential brands, and go-forward leased occupancy nearing 95%, underscoring robust tenant demand for its centers.
Management highlighted that its five-year Path Forward Plan is ahead of schedule, with roughly 76% of planned new lease revenue already completed by February 2026 versus a 70% target and an estimated signed-not-open pipeline of about $107 million in incremental annual revenue, potentially rising to $140 million between 2025 and 2028. The company has commitments in place for all 30 planned anchor and big-box replacements totaling 2.9 million square feet, with several new anchors already open or under construction and expected to generate about $750 million in annual sales, a key driver of traffic, in-line leasing, and an anticipated 500-basis-point increase in permanent occupancy under the Path Forward Plan.
The most recent analyst rating on (MAC) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on Macerich stock, see the MAC Stock Forecast page.
Spark’s Take on MAC Stock
According to Spark, TipRanks’ AI Analyst, MAC is a Neutral.
The score is held back primarily by weak financial performance (sharp 2025 revenue drop, recurring net losses) and high leverage, despite solid and improving operating cash flow. Offsetting this, technicals show strong upward momentum, and the latest earnings call pointed to tangible operational progress (record leasing, growing pipeline, improved liquidity), though balance-sheet and execution risks remain material.
To see Spark’s full report on MAC stock, click here.
More about Macerich
The Macerich Company is a U.S. real estate investment trust focused on owning, operating and redeveloping high-quality regional malls and mixed-use retail properties. Its portfolio emphasizes top-tier and emerging brands, luxury retail and experiential concepts in prime markets, with a current “go-forward” portfolio strategy aimed at upgrading tenant mix and driving higher occupancy and sales productivity.
Average Trading Volume: 1,975,440
Technical Sentiment Signal: Buy
Current Market Cap: $5.47B
For a thorough assessment of MAC stock, go to TipRanks’ Stock Analysis page.
