Macerich Company (the) · NYSE:MAC
Macerich Company (the) — BofA Securities 2026 Global Real Estate Conference
11 slides from Macerich Company (the)'s conference presentation, September 2026
Slide 1: Macerich at BofA Securities 2026 Global Real Estate Conference
MACERICH BofA Securities 2026 Global Real Estate Conference September 2026 NYSE: MAC | Macerich.com Annapolis Mall |Annapolis, MD
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: The Macerich Advantage
THE MACERICH ADVANTAGE Irreplaceable assets. Proven platform. Clear growth path. HIGHLY EXPERIENCED & HIGH-QUALITY, PROVEN OPERATIONAL MULTIPLE ALIGNED LEADERSHIP IRREPLACEABLE PORTFOLIO WITH PLATFORM GROWTH ENGINES SUPERIOR PERFORMANCE CEO-led Transformation: Approximately 90% of Go-Forward 2025 Re
Slide 4: Macerich Overview
One of the country’s leading MACERICH OVERVIEW owners, operators and developers of major retail real estate Portfolio Repositioning Focused On Owning High-Quality, Top-Performing Regional Retail Centers 1972 1994 2024 Established IPO Jackson Hsieh GO-FORWARD PORTFOLIO (NYSE: MAC) Named New CEO NOI C
Slide 5: Operational Updates
OPERATIONAL UPDATES OPERATIONAL UPDATES MACERICH LEASING SPEEDOMETER NEW LEASE DEAL COMPLETION % Achieving Key Operational and Financial Milestones MAY 2025 -END 2024 60% COMPLETE • Five-Year Plan contemplates ~1,000 new tenant openings, with ~950 either 39% COMPLETE -END 2025 74% COMPLETE VS commit
Slide 6: Project Milestones: Store Openings Completion Percentage
PROJECT MILESTONES STORE OPENINGS COMPLETION PERCENTAGE Letter of Intent New Operating Metric / Dashboard 100 Lease Out 125 DASHBOARD: a new operational metric to track execution and increase transparency • Created alignment – the Store Openings Completion Percentage STORE OPENINGS COMPLETION PERCEN
Slide 7: Path Forward Plan Projected Permanent Physical Occupancy
Path Forward Plan estimated to increase permanent occupancy by 500bps Curated mix of top-tier and emerging PATH FORWARD PLAN PROJECTED brands – elevating the customer experience PERMANENT PHYSICAL OCCUPANCY Boost traffic and engagement – Represents an Annual Average maximizing center productivit
Slide 8: Significant Progress on Leverage Reduction
SIGNIFICANT PROGRESS ON LEVERAGE REDUCTION Pro Forma leverage reduced by Path Forward Disposition Summary 1.5x - on track to achieve +/- 6.0x $1.2 billion $126 million $300 - $400 million ~$1.7 billion Completed mall sales and givebacks + Sold outparcels + 2026 anticipated disposition (1) = Year-end
Slide 9: External Growth – Acquisitions Overview
EXTERNAL GROWTH – ACQUISITIONS OVERVIEW CRABTREE ANNAPOLIS MALL Class A retail in Raleigh, NC Class A retail in Annapolis, MD June 2025 1.3M $973 95% 8.6M May 2026 1.5M $751 88% 7.3M Acquisition Square Feet Sales Per Total Annual Acquisition Square Feet Sales Per Total Annual Date of GLA Square Foot
Slide 10: External Growth – Acquisitions Opportunity
EXTERNAL GROWTH – ACQUISITIONS OPPORTUNITY Acquisition Pipeline – Actively Evaluating Opportunities to Drive Shareholder Value MACERICH COMPETITIVE ADVANTAGE CURRENT INVESTMENT OPPORTUNITY FOCUS Integrated Operating Platform: Vertically integrated leasing, management, Asset Profile: Class A / A- (or
Slide 11: Macerich (NYSE: MAC)
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. 11
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