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Macerich: ‘We Are in a Much Better Place Than Many Think’

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As retailers’ sales start to reach 90 percent of pre-Covid levels, shopping mall owner Macerich has seen interest in new leases grow.
The Macerich Co. welcomed a new Amazon Books and Tempur-Pedic at its FlatIron Crossing mall in Broomfield, Colo., this quarter.
CREDIT: Brennan Linsley/AP Photo

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While rival shopping mall owners file for bankruptcy and cut jobs, The Macerich Co. appears to be recovering. Speaking on a call with investors Thursday, CEO Tom O’Hern acknowledged that the mall REIT, which owns 51 million square feet across 47 properties, experienced a “challenging” Q3. “The second quarter was an extremely unique quarter, and…

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