REIT Macerich slips after launching stock offering

ReutersMay 11, 2026 8:43 PM

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Shares of retail real estate investment trust Macerich MAC.N down 1.6% post-market to $21.30 after planned equity raise news

Santa Monica, California-based firm commences 16 mln share offering

Intends to use net offering proceeds to repay borrowings under credit facility, which were used primarily to fund $272 mln acquisition of Annapolis Mall, and for general corporate purposes, including acquiring additional properties

Goldman Sachs lead bookrunner

MAC stock closed down 1.1% at $21.64, trimming YTD gain to 17%

Co has ~261.4 mln shares outstanding prior to offering

Of 16 analysts covering the stock, recommendation breakdown is 8 "strong buy" or "buy", 5 "hold", 3 "sell"; median PT $22, according to LSEG data

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