MAC

Macerich (MAC) achieved 94% leased occupancy in June 2026, up from 92% a year earlier, driven by strong retailer demand and premium mall portfolio positioning. The company's Path Forward strategy targets a 6.5% NOI CAGR through 2028, supported by $124M in signed-not-open leases. However, tenant bankruptcies, e-commerce competition, and geographic concentration in select U.S. markets pose ongoing challenges.

Macerich is accelerating restaurant leasing across its Class A shopping center portfolio, attracting first-to-market dining concepts including Eataly, Seafood City, and Din Tai Fung. The strategy capitalizes on consumer trends showing increased mall traffic and longer visit durations driven by dining and entertainment experiences, particularly among Gen Z shoppers. New restaurant openings are planned across key properties including Scottsdale Fashion Square, Tysons Corner Center, and Chandler Fashion Center.