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SEC Filings



8-K
MACERICH CO filed this Form 8-K on 02/05/2018
Entire Document
 


The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Cost of Occupancy

 

                                                                                                        
     For Years Ended December 31,  
       2017         2016(a)         2015(b)    

Consolidated Centers

      

Minimum rents

     9.5     9.4     9.0

Percentage rents

     0.3     0.4     0.4

Expense recoveries(c)

     4.2     4.3     4.5
  

 

 

   

 

 

   

 

 

 

Total

     14.0     14.1     13.9
  

 

 

   

 

 

   

 

 

 
     For Years Ended December 31,  
       2017         2016         2015    

Unconsolidated Joint Venture Centers

      

Minimum rents

     8.6     8.6     8.1

Percentage rents

     0.3     0.3     0.4

Expense recoveries(c)

     3.8     3.9     4.0
  

 

 

   

 

 

   

 

 

 

Total

     12.7     12.8     12.5
  

 

 

   

 

 

   

 

 

 
     For Years Ended December 31,  
       2017         2016(a)         2015(b)    

All Centers

      

Minimum rents

     9.0     9.0     8.7

Percentage rents

     0.3     0.3     0.4

Expense recoveries(c)

     4.0     4.1     4.3
  

 

 

   

 

 

   

 

 

 

Total

     13.3     13.4     13.4
  

 

 

   

 

 

   

 

 

 

 

(a) Cascade Mall and Northgate Mall were under contract to be sold in December 2016 and sold in January 2017. These two Centers are excluded from cost of occupancy as of December 31, 2016.
(b) On July 15, 2016, the Company conveyed Flagstaff Mall to the mortgage lender by a deed-in-lieu of foreclosure. Flagstaff Mall is excluded from cost of occupancy as of December 31, 2015.
(c) Represents real estate tax and common area maintenance charges.

 

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