Slide 1: Macerich NAREIT Business Update December 2025
Exhibit 99.1 MACERICH NAREIT BUSINESS UPDATE December 2025 NYSE: MAC | Macerich.com Scottsdale Fashion Square | Scottsdale, AZ
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER Note: This document contains statements that constitute forward-looking statements, which can be identified by the use of words, such as “will,” “expects,” “pro forma”, “anticipates,” “assumes,” “believes,” “estimated,” “guidance,” “potential,” “target,” “projects,” “scheduled” and
Slide 3: Record-Breaking Leasing Activity
RECORD-BREAKING LEASING ACTIVITY STRONG LEASING PRODUCTIVITY & MOMENTUM Strong leasing volumes and productivity (1) (1) FY 2024 YTD 3Q25 3.2M 5.4M New and Renewal Space Signed 789 888 Signed Leases 197 195 Store Openings 65 65 New-to-Macerich Brands (2) Leased Occupancy as of 4Q24 vs. 3Q25 94.6% 94.
Slide 4: 2024–2025 Tenant Openings
2024 – 2025 TENANT OPENINGS 300+ NEW STORES OPEN FOOD & BEVERAGE LUXURY INTERNATIONAL Hermès – Scottsdale Fashion Catch – Scottsdale Fashion JD Sports – Chandler Fashion, Green Acres Loro Piana – Scottsdale Fashion Laderach – Fashion Outlets of Chicago, Cheesecake Factory, The – Tysons Corner Louis
Slide 5: Leasing Speedometer Ahead of Plan
LEASING SPEEDOMETER AHEAD OF PLAN NEW LEASE DEAL COMPLETION PERCENTAGE The five-year plan has ~1,000 new tenant openings, with ~750 either 1. Leasing dashboard tool to committed (~600) or in LOI negotiations (~150) improve visibility and efficiency 2. Tracks revenue completion percentage for all new
Slide 6: Substantial Leasing Pipeline to Drive Growth
SUBSTANTIAL LEASING PIPELINE TO DRIVE GROWTH SIGNED NOT OPEN (SNO) PIPELINE SUMMARY (1) ~$100 million of in-place SNO committed – Includes new store leases which have or will commence from 2024 through 2028, and are expected to produce total gross revenue of ~$100 million in excess of the revenue ge
Slide 7: New Anchors Expected to Drive Traffic, Sales & Inline Leasing
NEW ANCHORS EXPECTED TO DRIVE TRAFFIC, SALES & INLINE LEASING ANCHORS OPENING BY YEAR 12 Committed or in LOI negotiations for 30 out of 30 anchor and big box replacements ~1.3M SF (1) • 30 anchors totaling 2.9 million square feet to replace outdated or vacant retail 7 7 • Estimated $750 million in a
Slide 8: Path Forward Plan Projected Permanent Physical Occupancy
Path Forward Plan estimated to increase permanent occupancy by 500bps ü Curated mix of top-tier and emerging brands – elevating the customer PATH FORWARD PLAN PROJECTED experience PERMANENT PHYSICAL OCCUPANCY ü Boost traffic and engagement – maximizing center productivity 100% ü Significant rent upl
Slide 9: Significant Progress on Leverage Reduction
SIGNIFICANT PROGRESS ON LEVERAGE REDUCTION PATH FORWARD ASSET SALES AND GIVE-BACK SUMMARY OUTPARCELS COMPLETED AND UNDER CONTRACT → (~$135 million) MALLS COMPLETED → (~$1.2 billion) ü~$135 million sold or under contract against 2025 target of $100-$150 million ü Santa Monica Place - defaulted on $30
Slide 10: Macerich: Leading Owner, Operator & Developer of Major Retail Properties
MACERICH (NYSE: MAC) ONE OF THE NATION’S LEADING OWNERS, OPERATORS & DEVELOPERS OF MAJOR RETAIL PROPERTIES IN ATTRACTIVE U.S. MARKETS, INCLUDING CALIFORNIA, PHOENIX/SCOTTSDALE, PACIFIC NORTHWEST, GREATER NEW YORK, NORTH CAROLINA AND WASHINGTON, D.C. 10