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10-Q Filing

MACERICH CO CIK: 912242 Q1 2025
Filing Information
Form Type 10-Q
Accession Number 0000912242-25-000045
Period End Date 20250331
Filing Date 20250512
Fiscal Year 2025
Fiscal Period Q1
XBRL Instance mac-20250331_htm.xml
Balance Sheet 124 line items
Line Item Tag Value Unit Period
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 500.00M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 500.00M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 500.00M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 500.00M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 253.03M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 253.03M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 252.93M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 252.93M shares Point-in-time
Common Stock, shares outstanding (in shares) CommonStockSharesOutstanding 252.93M shares Point-in-time
Common Stock, shares outstanding (in shares) CommonStockSharesOutstanding 252.93M shares Point-in-time
Common Stock, shares outstanding (in shares) CommonStockSharesOutstanding 253.03M shares Point-in-time
Common Stock, shares outstanding (in shares) CommonStockSharesOutstanding 253.03M shares Point-in-time
Property, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $7.10B USD Point-in-time
Property, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $7.10B USD Point-in-time
Property, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $7.02B USD Point-in-time
Property, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $7.02B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $94.94M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $94.94M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $89.86M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $89.86M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $253.25M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $253.25M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $120.05M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $120.05M USD Point-in-time
Restricted cash RestrictedCashCurrent $87.62M USD Point-in-time
Restricted cash RestrictedCashCurrent $87.62M USD Point-in-time
Restricted cash RestrictedCashCurrent $95.36M USD Point-in-time
Restricted cash RestrictedCashCurrent $95.36M USD Point-in-time
Restricted cash RestrictedCashCurrent $105.03M USD Point-in-time
Restricted cash RestrictedCashCurrent $105.03M USD Point-in-time
Restricted cash RestrictedCashCurrent $91.26M USD Point-in-time
Restricted cash RestrictedCashCurrent $91.26M USD Point-in-time
Tenant and other receivables, net AccountsAndNotesReceivableNet $155.35M USD Point-in-time
Tenant and other receivables, net AccountsAndNotesReceivableNet $155.35M USD Point-in-time
Tenant and other receivables, net AccountsAndNotesReceivableNet $127.09M USD Point-in-time
Tenant and other receivables, net AccountsAndNotesReceivableNet $127.09M USD Point-in-time
Right-of-use assets, net OperatingLeaseRightOfUseAsset $108.83M USD Point-in-time
Right-of-use assets, net OperatingLeaseRightOfUseAsset $108.83M USD Point-in-time
Right-of-use assets, net OperatingLeaseRightOfUseAsset $111.04M USD Point-in-time
Right-of-use assets, net OperatingLeaseRightOfUseAsset $111.04M USD Point-in-time
Deferred charges and other assets, net DeferredCostsAndOtherAssets $369.55M USD Point-in-time
Deferred charges and other assets, net DeferredCostsAndOtherAssets $369.55M USD Point-in-time
Deferred charges and other assets, net DeferredCostsAndOtherAssets $346.42M USD Point-in-time
Deferred charges and other assets, net DeferredCostsAndOtherAssets $346.42M USD Point-in-time
Investments in unconsolidated joint ventures EquityMethodInvestments $728.57M USD Point-in-time
Investments in unconsolidated joint ventures EquityMethodInvestments $728.57M USD Point-in-time
Investments in unconsolidated joint ventures EquityMethodInvestments $654.67M USD Point-in-time
Investments in unconsolidated joint ventures EquityMethodInvestments $654.67M USD Point-in-time
Total assets Assets $8.68B USD Point-in-time
Total assets Assets $8.68B USD Point-in-time
Total assets Assets $8.57B USD Point-in-time
Total assets Assets $8.57B USD Point-in-time
Mortgage notes payable SecuredDebt $4.89B USD Point-in-time
Mortgage notes payable SecuredDebt $4.89B USD Point-in-time
Mortgage notes payable SecuredDebt $5.23B USD Point-in-time
Mortgage notes payable SecuredDebt $5.23B USD Point-in-time
Bank and other notes payable ConvertibleDebtLineOfCreditAndOtherNotesPayable $98.32M USD Point-in-time
Bank and other notes payable ConvertibleDebtLineOfCreditAndOtherNotesPayable $98.32M USD Point-in-time
Bank and other notes payable ConvertibleDebtLineOfCreditAndOtherNotesPayable - USD Point-in-time
Bank and other notes payable ConvertibleDebtLineOfCreditAndOtherNotesPayable - USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $94.56M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $94.56M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $87.54M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $87.54M USD Point-in-time
Lease liabilities OperatingAndFinanceLeaseLiability $71.68M USD Point-in-time
Lease liabilities OperatingAndFinanceLeaseLiability $71.68M USD Point-in-time
Lease liabilities OperatingAndFinanceLeaseLiability $65.50M USD Point-in-time
Lease liabilities OperatingAndFinanceLeaseLiability $65.50M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrentAndNoncurrent $379.86M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrentAndNoncurrent $379.86M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrentAndNoncurrent $342.49M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrentAndNoncurrent $342.49M USD Point-in-time
Distributions in excess of investments in unconsolidated joint ventures InvestmentsInUnconsolidatedJointVentures $192.68M USD Point-in-time
Distributions in excess of investments in unconsolidated joint ventures InvestmentsInUnconsolidatedJointVentures $192.68M USD Point-in-time
Distributions in excess of investments in unconsolidated joint ventures InvestmentsInUnconsolidatedJointVentures $201.38M USD Point-in-time
Distributions in excess of investments in unconsolidated joint ventures InvestmentsInUnconsolidatedJointVentures $201.38M USD Point-in-time
Total liabilities Liabilities $5.94B USD Point-in-time
Total liabilities Liabilities $5.94B USD Point-in-time
Total liabilities Liabilities $5.72B USD Point-in-time
Total liabilities Liabilities $5.72B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized at March 31, 2025 and December 31, 2024, and 253,030,425 and 252,925,496 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively CommonStockValue $2.53M USD Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized at March 31, 2025 and December 31, 2024, and 253,030,425 and 252,925,496 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively CommonStockValue $2.53M USD Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized at March 31, 2025 and December 31, 2024, and 253,030,425 and 252,925,496 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively CommonStockValue $2.53M USD Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized at March 31, 2025 and December 31, 2024, and 253,030,425 and 252,925,496 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively CommonStockValue $2.53M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $6.16B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $6.16B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $6.16B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $6.16B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-3.50B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-3.50B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-3.41B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-3.41B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-14.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-14.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-34.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-34.00K USD Point-in-time
Total stockholders' equity StockholdersEquity $2.66B USD Point-in-time
Total stockholders' equity StockholdersEquity $2.66B USD Point-in-time
Total stockholders' equity StockholdersEquity $2.76B USD Point-in-time
Total stockholders' equity StockholdersEquity $2.76B USD Point-in-time
Noncontrolling interests MinorityInterest $80.35M USD Point-in-time
Noncontrolling interests MinorityInterest $80.35M USD Point-in-time
Noncontrolling interests MinorityInterest $85.94M USD Point-in-time
Noncontrolling interests MinorityInterest $85.94M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.53B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.53B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.84B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.84B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.36B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.36B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.74B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.74B USD Point-in-time
Total liabilities and partners' capital LiabilitiesAndStockholdersEquity $8.68B USD Point-in-time
Total liabilities and partners' capital LiabilitiesAndStockholdersEquity $8.68B USD Point-in-time
Total liabilities and partners' capital LiabilitiesAndStockholdersEquity $8.57B USD Point-in-time
Total liabilities and partners' capital LiabilitiesAndStockholdersEquity $8.57B USD Point-in-time
Income Statement 72 line items
Line Item Tag Value Unit Period
Leasing revenue OperatingLeaseLeaseIncome $191.65M USD 1 Quarter
Leasing revenue OperatingLeaseLeaseIncome $191.65M USD 1 Quarter
Leasing revenue OperatingLeaseLeaseIncome $235.65M USD 1 Quarter
Leasing revenue OperatingLeaseLeaseIncome $235.65M USD 1 Quarter
Total revenues Revenues $249.22M USD 1 Quarter
Total revenues Revenues $249.22M USD 1 Quarter
Total revenues Revenues $208.78M USD 1 Quarter
Total revenues Revenues $208.78M USD 1 Quarter
Leasing expenses OperatingLeaseInitialDirectCostExpenseOverTerm $10.52M USD 1 Quarter
Leasing expenses OperatingLeaseInitialDirectCostExpenseOverTerm $10.52M USD 1 Quarter
Leasing expenses OperatingLeaseInitialDirectCostExpenseOverTerm $11.22M USD 1 Quarter
Leasing expenses OperatingLeaseInitialDirectCostExpenseOverTerm $11.22M USD 1 Quarter
REIT general and administrative expenses GeneralAndAdministrativeExpense $7.61M USD 1 Quarter
REIT general and administrative expenses GeneralAndAdministrativeExpense $7.61M USD 1 Quarter
REIT general and administrative expenses GeneralAndAdministrativeExpense $7.64M USD 1 Quarter
REIT general and administrative expenses GeneralAndAdministrativeExpense $7.64M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $92.56M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $92.56M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $68.35M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $68.35M USD 1 Quarter
Total expenses before interest CostsAndExpensesBeforeInterest $179.90M USD 1 Quarter
Total expenses before interest CostsAndExpensesBeforeInterest $179.90M USD 1 Quarter
Total expenses before interest CostsAndExpensesBeforeInterest $217.34M USD 1 Quarter
Total expenses before interest CostsAndExpensesBeforeInterest $217.34M USD 1 Quarter
Interest expense InterestIncomeExpenseNet $-52.19M USD 1 Quarter
Interest expense InterestIncomeExpenseNet $-52.19M USD 1 Quarter
Interest expense InterestIncomeExpenseNet $-69.07M USD 1 Quarter
Interest expense InterestIncomeExpenseNet $-69.07M USD 1 Quarter
Total expenses CostsAndExpenses $232.09M USD 1 Quarter
Total expenses CostsAndExpenses $232.09M USD 1 Quarter
Total expenses CostsAndExpenses $286.41M USD 1 Quarter
Total expenses CostsAndExpenses $286.41M USD 1 Quarter
Equity in loss of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $-73.28M USD 1 Quarter
Equity in loss of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $-73.28M USD 1 Quarter
Equity in loss of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $-799.00K USD 1 Quarter
Equity in loss of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $-799.00K USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-822.00K USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-822.00K USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-1.22M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-1.22M USD 1 Quarter
Loss on sale or write down of assets, net GainLossOnSalesOfAssetsAndAssetImpairmentCharges $-13.99M USD 1 Quarter
Loss on sale or write down of assets, net GainLossOnSalesOfAssetsAndAssetImpairmentCharges $-13.99M USD 1 Quarter
Loss on sale or write down of assets, net GainLossOnSalesOfAssetsAndAssetImpairmentCharges $-36.09M USD 1 Quarter
Loss on sale or write down of assets, net GainLossOnSalesOfAssetsAndAssetImpairmentCharges $-36.09M USD 1 Quarter
Net loss ProfitLoss $-51.15M USD 1 Quarter
Net loss ProfitLoss $-51.15M USD 1 Quarter
Net loss ProfitLoss $-131.45M USD 1 Quarter
Net loss ProfitLoss $-131.45M USD 1 Quarter
Less: net loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-4.72M USD 1 Quarter
Less: net loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-4.72M USD 1 Quarter
Less: net loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-1.03M USD 1 Quarter
Less: net loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-1.03M USD 1 Quarter
Net loss attributable to the Company NetIncomeLoss $-50.12M USD 1 Quarter
Net loss attributable to the Company NetIncomeLoss $-50.12M USD 1 Quarter
Net loss attributable to the Company NetIncomeLoss $-126.73M USD 1 Quarter
Net loss attributable to the Company NetIncomeLoss $-126.73M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.20 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.20 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.59 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.59 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.59 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.59 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.20 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.20 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 252.99M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 252.99M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 216.04M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 216.04M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 216.04M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 216.04M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 252.99M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 252.99M shares 1 Quarter
Cash Flow Statement 152 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-51.15M USD 1 Quarter
Net loss ProfitLoss $-51.15M USD 1 Quarter
Net loss ProfitLoss $-131.45M USD 1 Quarter
Net loss ProfitLoss $-131.45M USD 1 Quarter
Loss on sale or write down of assets, net GainLossOnSaleOrWriteDownOfAssets $-13.99M USD 1 Quarter
Loss on sale or write down of assets, net GainLossOnSaleOrWriteDownOfAssets $-13.99M USD 1 Quarter
Loss on sale or write down of assets, net GainLossOnSaleOrWriteDownOfAssets $-36.09M USD 1 Quarter
Loss on sale or write down of assets, net GainLossOnSaleOrWriteDownOfAssets $-36.09M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $71.38M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $71.38M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $95.22M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $95.22M USD 1 Quarter
Amortization of discount on mortgage notes payable AmortizationOfDebtDiscountPremium - USD 1 Quarter
Amortization of discount on mortgage notes payable AmortizationOfDebtDiscountPremium - USD 1 Quarter
Amortization of discount on mortgage notes payable AmortizationOfDebtDiscountPremium $9.12M USD 1 Quarter
Amortization of discount on mortgage notes payable AmortizationOfDebtDiscountPremium $9.12M USD 1 Quarter
Amortization of share and unit-based plans ShareBasedCompensation $3.21M USD 1 Quarter
Amortization of share and unit-based plans ShareBasedCompensation $3.21M USD 1 Quarter
Amortization of share and unit-based plans ShareBasedCompensation $2.73M USD 1 Quarter
Amortization of share and unit-based plans ShareBasedCompensation $2.73M USD 1 Quarter
Straight-line rent and amortization of above and below market leases StraightLineRentAdjustmentsAndAmortizationOfAboveAndBelowMarketLeases $249.00K USD 1 Quarter
Straight-line rent and amortization of above and below market leases StraightLineRentAdjustmentsAndAmortizationOfAboveAndBelowMarketLeases $249.00K USD 1 Quarter
Straight-line rent and amortization of above and below market leases StraightLineRentAdjustmentsAndAmortizationOfAboveAndBelowMarketLeases $-3.58M USD 1 Quarter
Straight-line rent and amortization of above and below market leases StraightLineRentAdjustmentsAndAmortizationOfAboveAndBelowMarketLeases $-3.58M USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $1.56M USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $1.56M USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $2.92M USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $2.92M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-822.00K USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-822.00K USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-1.22M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-1.22M USD 1 Quarter
Equity in loss of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $-73.28M USD 1 Quarter
Equity in loss of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $-73.28M USD 1 Quarter
Equity in loss of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $-799.00K USD 1 Quarter
Equity in loss of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $-799.00K USD 1 Quarter
Change in fair value of financing arrangement obligation LiabilitiesFairValueAdjustment - USD 1 Quarter
Change in fair value of financing arrangement obligation LiabilitiesFairValueAdjustment - USD 1 Quarter
Change in fair value of financing arrangement obligation LiabilitiesFairValueAdjustment $-2.94M USD 1 Quarter
Change in fair value of financing arrangement obligation LiabilitiesFairValueAdjustment $-2.94M USD 1 Quarter
Tenant and other receivables IncreaseDecreaseInAccountsReceivable $-24.98M USD 1 Quarter
Tenant and other receivables IncreaseDecreaseInAccountsReceivable $-24.98M USD 1 Quarter
Tenant and other receivables IncreaseDecreaseInAccountsReceivable $-30.60M USD 1 Quarter
Tenant and other receivables IncreaseDecreaseInAccountsReceivable $-30.60M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-12.97M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-12.97M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-474.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-474.00K USD 1 Quarter
Due from affiliates IncreaseDecreaseDueFromAffiliates $581.00K USD 1 Quarter
Due from affiliates IncreaseDecreaseDueFromAffiliates $581.00K USD 1 Quarter
Due from affiliates IncreaseDecreaseDueFromAffiliates $1.35M USD 1 Quarter
Due from affiliates IncreaseDecreaseDueFromAffiliates $1.35M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $1.72M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $1.72M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $9.49M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $9.49M USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $-29.27M USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $-29.27M USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $-31.36M USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $-31.36M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $88.49M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $88.49M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $61.09M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $61.09M USD 1 Quarter
Development, redevelopment, expansion and renovation of properties PaymentsToAcquireDevelopRedevelopExpansionAndRenovationRealEstate $34.36M USD 1 Quarter
Development, redevelopment, expansion and renovation of properties PaymentsToAcquireDevelopRedevelopExpansionAndRenovationRealEstate $34.36M USD 1 Quarter
Development, redevelopment, expansion and renovation of properties PaymentsToAcquireDevelopRedevelopExpansionAndRenovationRealEstate $26.42M USD 1 Quarter
Development, redevelopment, expansion and renovation of properties PaymentsToAcquireDevelopRedevelopExpansionAndRenovationRealEstate $26.42M USD 1 Quarter
Property improvements PaymentsToDevelopRealEstateAssets $7.33M USD 1 Quarter
Property improvements PaymentsToDevelopRealEstateAssets $7.33M USD 1 Quarter
Property improvements PaymentsToDevelopRealEstateAssets $6.84M USD 1 Quarter
Property improvements PaymentsToDevelopRealEstateAssets $6.84M USD 1 Quarter
Deferred leasing costs DeferredLeasingFeesInvestingActivities $1.50M USD 1 Quarter
Deferred leasing costs DeferredLeasingFeesInvestingActivities $1.50M USD 1 Quarter
Deferred leasing costs DeferredLeasingFeesInvestingActivities $1.56M USD 1 Quarter
Deferred leasing costs DeferredLeasingFeesInvestingActivities $1.56M USD 1 Quarter
Distributions from unconsolidated joint ventures DistributionsOfCapitalFromUnconsolidatedEntitiesAndOther $20.94M USD 1 Quarter
Distributions from unconsolidated joint ventures DistributionsOfCapitalFromUnconsolidatedEntitiesAndOther $20.94M USD 1 Quarter
Distributions from unconsolidated joint ventures DistributionsOfCapitalFromUnconsolidatedEntitiesAndOther $30.72M USD 1 Quarter
Distributions from unconsolidated joint ventures DistributionsOfCapitalFromUnconsolidatedEntitiesAndOther $30.72M USD 1 Quarter
Contributions to unconsolidated joint ventures PaymentsToAcquireInterestInJointVenture $12.69M USD 1 Quarter
Contributions to unconsolidated joint ventures PaymentsToAcquireInterestInJointVenture $12.69M USD 1 Quarter
Contributions to unconsolidated joint ventures PaymentsToAcquireInterestInJointVenture $96.69M USD 1 Quarter
Contributions to unconsolidated joint ventures PaymentsToAcquireInterestInJointVenture $96.69M USD 1 Quarter
Proceeds from sale of assets ProceedsFromSaleOfPartnershipInterestsOtherAssetsAndDiscontinuedOperationsNet $25.70M USD 1 Quarter
Proceeds from sale of assets ProceedsFromSaleOfPartnershipInterestsOtherAssetsAndDiscontinuedOperationsNet $25.70M USD 1 Quarter
Proceeds from sale of assets ProceedsFromSaleOfPartnershipInterestsOtherAssetsAndDiscontinuedOperationsNet $11.00K USD 1 Quarter
Proceeds from sale of assets ProceedsFromSaleOfPartnershipInterestsOtherAssetsAndDiscontinuedOperationsNet $11.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-83.04M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-83.04M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-26.98M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-26.98M USD 1 Quarter
Proceeds from mortgages, bank and other notes payable ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet $270.00M USD 1 Quarter
Proceeds from mortgages, bank and other notes payable ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet $270.00M USD 1 Quarter
Proceeds from mortgages, bank and other notes payable ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet $340.00M USD 1 Quarter
Proceeds from mortgages, bank and other notes payable ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet $340.00M USD 1 Quarter
Payments on mortgages, bank and other notes payable RepaymentsOfLongTermDebt $122.01M USD 1 Quarter
Payments on mortgages, bank and other notes payable RepaymentsOfLongTermDebt $122.01M USD 1 Quarter
Payments on mortgages, bank and other notes payable RepaymentsOfLongTermDebt $225.24M USD 1 Quarter
Payments on mortgages, bank and other notes payable RepaymentsOfLongTermDebt $225.24M USD 1 Quarter
Deferred financing costs PaymentsOfFinancingCosts $1.16M USD 1 Quarter
Deferred financing costs PaymentsOfFinancingCosts $1.16M USD 1 Quarter
Deferred financing costs PaymentsOfFinancingCosts $4.27M USD 1 Quarter
Deferred financing costs PaymentsOfFinancingCosts $4.27M USD 1 Quarter
Payments on finance leases FinanceLeasePrincipalPayments $615.00K USD 1 Quarter
Payments on finance leases FinanceLeasePrincipalPayments $615.00K USD 1 Quarter
Payments on finance leases FinanceLeasePrincipalPayments $4.41M USD 1 Quarter
Payments on finance leases FinanceLeasePrincipalPayments $4.41M USD 1 Quarter
Costs from stock offerings PaymentsOfStockIssuanceCosts $418.00K USD 1 Quarter
Costs from stock offerings PaymentsOfStockIssuanceCosts $418.00K USD 1 Quarter
Costs from stock offerings ProceedsFromIssuanceOfCommonStock - USD 1 Quarter
Costs from stock offerings ProceedsFromIssuanceOfCommonStock - USD 1 Quarter
Dividends and distributions PaymentsOfDividendsCommonStock $39.20M USD 1 Quarter
Dividends and distributions PaymentsOfDividendsCommonStock $39.20M USD 1 Quarter
Dividends and distributions PaymentsOfDividendsCommonStock $50.43M USD 1 Quarter
Dividends and distributions PaymentsOfDividendsCommonStock $50.43M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $161.58M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $161.58M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $667.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $667.00K USD 1 Quarter
Net increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $167.03M USD 1 Quarter
Net increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $167.03M USD 1 Quarter
Net increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $34.78M USD 1 Quarter
Net increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $34.78M USD 1 Quarter
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $177.48M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $177.48M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $190.29M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $190.29M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $225.08M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $225.08M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $344.51M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $344.51M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $177.48M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $177.48M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $190.29M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $190.29M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $225.08M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $225.08M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $344.51M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $344.51M USD Point-in-time
Cash payments for interest, net of amounts capitalized InterestPaidNet $48.71M USD 1 Quarter
Cash payments for interest, net of amounts capitalized InterestPaidNet $48.71M USD 1 Quarter
Cash payments for interest, net of amounts capitalized InterestPaidNet $49.71M USD 1 Quarter
Cash payments for interest, net of amounts capitalized InterestPaidNet $49.71M USD 1 Quarter
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities ConstructionInProgressExpendituresIncurredButNotYetPaid $48.90M USD 1 Quarter
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities ConstructionInProgressExpendituresIncurredButNotYetPaid $48.90M USD 1 Quarter
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities ConstructionInProgressExpendituresIncurredButNotYetPaid $43.24M USD 1 Quarter
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities ConstructionInProgressExpendituresIncurredButNotYetPaid $43.24M USD 1 Quarter
Conversion of Operating Partnership Units to common stock ConversionOfStockAmountConverted1 - USD 1 Quarter
Conversion of Operating Partnership Units to common stock ConversionOfStockAmountConverted1 - USD 1 Quarter
Conversion of Operating Partnership Units to common stock ConversionOfStockAmountConverted1 $118.00K USD 1 Quarter
Conversion of Operating Partnership Units to common stock ConversionOfStockAmountConverted1 $118.00K USD 1 Quarter
Stockholders Equity 56 line items
Line Item Tag Value Unit Period
Distributions declared, per share (in dollars per share) CommonStockDividendsPerShareCashPaid $0.17 USD 1 Quarter
Distributions declared, per share (in dollars per share) CommonStockDividendsPerShareCashPaid $0.17 USD 1 Quarter
Distributions declared, per share (in dollars per share) CommonStockDividendsPerShareCashPaid $0.17 USD 1 Quarter
Distributions declared, per share (in dollars per share) CommonStockDividendsPerShareCashPaid $0.17 USD 1 Quarter
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.53B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.53B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.84B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.84B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.36B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.36B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.74B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.74B USD Point-in-time
Beginning balance (in shares) CommonStockSharesOutstanding 252.93M shares Point-in-time
Beginning balance (in shares) CommonStockSharesOutstanding 252.93M shares Point-in-time
Beginning balance (in shares) CommonStockSharesOutstanding 253.03M shares Point-in-time
Beginning balance (in shares) CommonStockSharesOutstanding 253.03M shares Point-in-time
Net loss ProfitLoss $-51.15M USD 1 Quarter
Net loss ProfitLoss $-51.15M USD 1 Quarter
Net loss ProfitLoss $-131.45M USD 1 Quarter
Net loss ProfitLoss $-131.45M USD 1 Quarter
Interest rate cap agreements OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $615.00K USD 1 Quarter
Interest rate cap agreements OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $615.00K USD 1 Quarter
Interest rate cap agreements OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $20.00K USD 1 Quarter
Interest rate cap agreements OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $20.00K USD 1 Quarter
Amortization of share and unit-based plans StockIssuedDuringPeriodValueShareBasedCompensation $3.48M USD 1 Quarter
Amortization of share and unit-based plans StockIssuedDuringPeriodValueShareBasedCompensation $3.48M USD 1 Quarter
Amortization of share and unit-based plans StockIssuedDuringPeriodValueShareBasedCompensation $3.05M USD 1 Quarter
Amortization of share and unit-based plans StockIssuedDuringPeriodValueShareBasedCompensation $3.05M USD 1 Quarter
Stock offerings, net StockIssuedDuringPeriodValueNewIssues $-418.00K USD 1 Quarter
Stock offerings, net StockIssuedDuringPeriodValueNewIssues $-418.00K USD 1 Quarter
Distributions paid DividendsCommonStockCash $43.93M USD 1 Quarter
Distributions paid DividendsCommonStockCash $43.93M USD 1 Quarter
Distributions paid DividendsCommonStockCash $36.80M USD 1 Quarter
Distributions paid DividendsCommonStockCash $36.80M USD 1 Quarter
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $2.41M USD 1 Quarter
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $2.41M USD 1 Quarter
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $6.50M USD 1 Quarter
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $6.50M USD 1 Quarter
Conversion of noncontrolling interests to common shares StockIssuedDuringPeriodValueConversionOfUnits - USD 1 Quarter
Conversion of noncontrolling interests to common shares StockIssuedDuringPeriodValueConversionOfUnits - USD 1 Quarter
Adjustment of noncontrolling interests in Operating Partnership NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance - USD 1 Quarter
Adjustment of noncontrolling interests in Operating Partnership NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance - USD 1 Quarter
Adjustment of noncontrolling interests in Operating Partnership NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance - USD 1 Quarter
Adjustment of noncontrolling interests in Operating Partnership NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance - USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.53B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.53B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.84B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.84B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.36B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.36B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.74B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.74B USD Point-in-time
Ending balance (in shares) CommonStockSharesOutstanding 252.93M shares Point-in-time
Ending balance (in shares) CommonStockSharesOutstanding 252.93M shares Point-in-time
Ending balance (in shares) CommonStockSharesOutstanding 253.03M shares Point-in-time
Ending balance (in shares) CommonStockSharesOutstanding 253.03M shares Point-in-time
Comprehensive Income 20 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-51.15M USD 1 Quarter
Net loss ProfitLoss $-51.15M USD 1 Quarter
Net loss ProfitLoss $-131.45M USD 1 Quarter
Net loss ProfitLoss $-131.45M USD 1 Quarter
Interest rate cap agreements OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $615.00K USD 1 Quarter
Interest rate cap agreements OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $615.00K USD 1 Quarter
Interest rate cap agreements OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $20.00K USD 1 Quarter
Interest rate cap agreements OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $20.00K USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-51.13M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-51.13M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-130.83M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-130.83M USD 1 Quarter
Less: net loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-1.03M USD 1 Quarter
Less: net loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-1.03M USD 1 Quarter
Less: net loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-4.72M USD 1 Quarter
Less: net loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-4.72M USD 1 Quarter
Comprehensive loss attributable to the Company ComprehensiveIncomeNetOfTax $-50.10M USD 1 Quarter
Comprehensive loss attributable to the Company ComprehensiveIncomeNetOfTax $-50.10M USD 1 Quarter
Comprehensive loss attributable to the Company ComprehensiveIncomeNetOfTax $-126.11M USD 1 Quarter
Comprehensive loss attributable to the Company ComprehensiveIncomeNetOfTax $-126.11M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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