Macerich
American real estate company
title: "Macerich" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["macerich", "1964-establishments-in-new-york-(state)", "1994-initial-public-offerings", "american-companies-established-in-1964", "companies-based-in-santa-monica,-california", "companies-listed-on-the-new-york-stock-exchange", "real-estate-companies-established-in-1964", "real-estate-investment-trusts-of-the-united-states", "shopping-center-management-firms"] description: "American real estate company" topic_path: "economics" source: "https://en.wikipedia.org/wiki/Macerich" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0
::summary American real estate company ::
::data[format=table title="Infobox company"]
| Field | Value |
|---|---|
| name | The Macerich Company |
| logo | Macerich.svg |
| logo_size | 200px |
| type | Public |
| traded_as | |
| industry | Real estate investment trust |
| foundation | |
| founder | Mace SiegelRichard Cohen |
| location | Santa Monica, California, U.S. |
| key_people | Steven Hash (chairman of the Board) |
| Jackson Hsieh (CEO) | |
| Scott Kingsmore (CFO) | |
| Ann C. Menard (CLO) | |
| revenue | $918 million (2024) |
| net_income | -$194 million (2024) |
| assets | $8.567 billion (2024) |
| equity | $2.756 billion (2024) |
| num_employees | 616 (2024) |
| homepage | |
| footnotes | |
| :: |
| name = The Macerich Company | logo = Macerich.svg | logo_size = 200px | type = Public | traded_as = | industry = Real estate investment trust | foundation = | founder = Mace SiegelRichard Cohen | location = Santa Monica, California, U.S. | key_people = Steven Hash (chairman of the Board) Jackson Hsieh (CEO) Scott Kingsmore (CFO) Ann C. Menard (CLO) | revenue = $918 million (2024) | net_income = -$194 million (2024) | assets = $8.567 billion (2024) | equity = $2.756 billion (2024) | num_employees = 616 (2024) | homepage = | footnotes = ::figure[src="https://upload.wikimedia.org/wikipedia/commons/b/b1/Citadel_Mall_-Santa_Tracking_Station_Opening-17_Nov_2005-_112105_hi.jpg" caption="Santa]] Tracking Station."] ::
The Macerich Company ( ) is a real estate investment trust that invests in shopping centers. It is the third-largest owner and operator of shopping centers in the United States. As of December 31, 2024, the company owned interests in 43 properties comprising 43 million square feet of leasable area.
History
The company traces its antecedents to the MaceRich Real Estate Company founded in New York in 1964 by Mace Siegel and Richard Cohen who combined their first names to name their company.
In 1994, the company became a public company via an initial public offering.
In 2002, Macerich acquired Phoenix, Arizona-based Westcor for $1.475 billion. The purchase added 9 properties to Macerich's portfolio making them the largest mall owner in the Phoenix Metropolitan Area.
In 2005, the company acquired most of Rochester, New York-based Wilmorite Properties' portfolio for $2.333 billion, adding 11 shopping centers to Macerich's portfolio, including Tysons Corner Center in Tysons, Virginia.
In 2006, the company name was rebranded to "Macerich."
On April 1, 2015, the company rejected a $16.8 billion takeover offer from Simon Property Group.
Notable investments
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References
References
- (February 28, 2025). "The Macerich Company 2024 Form 10-K Annual Report". [[U.S. Securities and Exchange Commission]].
- "Prideful Mall Giant Macerich Burns a Hole in Canadian Teachers' Pension Investor - SWFI".
- (March 12, 2024). "Macerich Marks 30 Years as Public Company, Rings Closing Bell at New York Stock Exchange". [[GlobeNewswire]].
- Padgett, Mike. (May 31, 2002). "Westcor sold for $1.5B". [[American City Business Journals]].
- Smith, Ray A.. (December 24, 2004). "Macerich to Acquire Wilmorite Properties In $1.45 Billion Deal". [[The Wall Street Journal]].
- (2015-10-15). "Investing in Macerich: a Must-Know Company Overview".
- Stahl, George. (April 1, 2015). "Macerich Rejects Simon Property's $16.8 Billion Takeover Bid". [[The Wall Street Journal]].
- Gara, Antoine. (April 1, 2015). "Simon Property Withdraws $95.50 A Share Macerich Takeover Bid". [[Forbes]].
- Molina, Joshua. (2023-01-03). "Macy's Will Be Out of La Cumbre Plaza by 2028 as Housing Plans Roil Santa Barbara". Noozhawk.
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