Macerich Company (the) · NYSE:MAC
Macerich Company (the) — Merger or Acquisition (June 2025)
9 slides from Macerich Company (the)'s merger presentation, Jun 24, 2025
Slide 1: Macerich Crabtree Mall Acquisition
Exhibit 99.1 MACERICH CRABTREE MALL ACQUISITION June 2025 NYSE: MAC | Macerich.com
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: Transaction Summary Highlights
TRANSACTION SUMMARY HIGHLIGHTS • Macerich acquires Crabtree Mall, a market-dominant, Class A retail center totaling approximately 1.3 million square feet in Raleigh, NC for approximately $290 million • Funded with cash on hand and $100 million of borrowings on the revolving line of credit • The Comp
Slide 4: Strategic Rationale Enhances Go-Forward Portfolio and Creates Opportunity to Drive Shareholder Value
STRATEGIC RATIONALE ENHANCES GO-FORWARD PORTFOLIO AND CREATES OPPORTUNITY TO DRIVE SHAREHOLDER VALUE ✓ Accretive to Path Forward Plan 2028 target FFO range ✓ Market-dominant position in a high-growth market ✓ Strong existing traffic and sales per square foot ✓ Powerful entry point to one of the top
Slide 5: Strong Tenant Mix Driving Performance
STRONG TENANT MIX DRIVING PERFORMANCE Only location First-to-Market Expanding within 15 miles Coming Soon 200+ CURRENT TENANTS Crabtree Mall is a high-performing asset we believe is primed for accelerated growth, with strong foot traffic and sales and clear market dominance in a high-growth region.
Slide 6: Capital Investment Plan to Maximize Performance
CAPITAL INVESTMENT PLAN TO MAXIMIZE PERFORMANCE With the proven Macerich investment approach – rooted in deep operational expertise and long- standing industry relationships – we're positioned to unlock meaningful additional value Our plan is to reimagine the center through a more dynamic tenant mix
Slide 7: Dominant Location
N.C. STATE UNIVERSITY (5 MILES) MARKET DOWNTOWN RALEIGH (<5 MILES) DOMINANT LOCATION Raleigh, North Carolina Two-Level Super Regional Center Retail GLA: 1,346,658 Square Feet CRABTREE MALL Conveniently located off I-440 (>100K AADT) and Glenwood Avenue (>60K AADT) Avg Household Income (3-mile radius
Slide 8: Raleigh Lifestyle
RALEIGH LIFESTYLE RALEIGH – CARY, NC MSA #1 Best-Performing Large City (Milken Institute, 2025) Raleigh Metro, at the center of Wake County, stands as a powerhouse of explosive growth, groundbreaking #2 Fastest Growing Cities in the U.S. (Exploding Topics, 2025) innovation, wealth and world-class ta
Slide 9: Macerich
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.