Macerich’s unique and irreplaceable trophy properties and dominant position in the nation’s gateway markets – the most affluent and densely populated with significant international appeal – set the company apart.
With exceptional strength on the West Coast, in Arizona, Chicago and the Metro New York to Washington, D.C. corridor, Macerich is the premier, pure-play, high-end mall REIT with ample embedded opportunities for future value creation.
Macerich (NYSE:MAC) is a member of the prestigious S&P 500 Index and last year celebrated 20 successful years as a public company, including total shareholder return of 185% over the last five years. Key to Macerich’s success is a clear focus on operational excellence and attentive management of every property, every day.
Over the past several years, the company has transformed its portfolio with fewer, but more dominant assets, including growing leadership in the upscale outlet sector. Advantageous dispositions of lower-performing assets continue to fund the company’s robust development and redevelopment pipeline.
In fact, Macerich has one of the most successful, long-term track records for taking high-quality, fortress properties in attractive markets up to the next level and driving value and performance for retailers and stockholders.
Macerich benefits from strong and deeply tenured leadership, including Chairman and CEO Arthur M. Coppola, that has guided the company to its current, much-admired place in the retail real estate industry.