The Macerich Company
Cash Flow Statement
| Line Item | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-16.7M | $-27.1M | $-36.4M | $-18.8M | $-87.4M | $-40.9M | $-50.1M | $-211.2M |
| Depreciation & Amortization | $88.0M | $86.2M | $86.0M | $93.5M | $90.9M | $88.5M | $95.2M | $89.5M |
| Depreciation | $75.5M | $74.2M | $71.7M | $71.3M | $75.3M | $73.3M | $73.4M | $71.5M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $6.5M | $6.7M | $5.9M | $4.8M | $4.8M | $5.3M | $3.2M | $3.5M |
| Net Cash from Operating Activities | $109.4M | $66.9M | $77.4M | $50.2M | $112.4M | $70.5M | $88.5M | $54.9M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-71.5M | $-338.1M | $-54.7M | $-7.2M | $-3.5M | $-231.6M | $-83.0M | $37.2M |
| Financing Activities | ||||||||
| Dividends Paid | $51.1M | $51.8M | $49.0M | $46.2M | $45.9M | $45.7M | $50.4M | $41.2M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $274.3M | $311.4M | $-124.9M | $-50.7M | $46.2M | $42.1M | $161.6M | $-144.5M |
| Net Change in Cash | $312.2M | $40.2M | $-102.2M | $-7.6M | $155.1M | $-119.0M | $167.0M | $-52.5M |
| Free Cash Flow | — | — | — | — | — | — | — | — |