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10-K
MACERICH CO filed this Form 10-K on 02/23/2018
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Lease Expirations:
The following tables show scheduled lease expirations for Centers owned as of December 31, 2017 for the next ten years, assuming that none of the tenants exercise renewal options:
Mall Stores and Freestanding Stores under 10,000 square feet:
Year Ending December 31,
 
Number of
Leases
Expiring
 
Approximate
GLA of Leases
Expiring(1)
 
% of Total Leased
GLA Represented
by Expiring
Leases(1)
 
Ending Base Rent
per Square Foot of
Expiring Leases(1)
 
% of Base Rent
Represented
by Expiring
Leases(1)
Consolidated Centers:
 
 
 
 
 
 
 
 
 
 
2018
 
345

 
712,258

 
13.94
%
 
$
52.29

 
12.32
%
2019
 
333

 
768,299

 
15.04
%
 
$
48.73

 
12.38
%
2020
 
302

 
621,413

 
12.16
%
 
$
53.90

 
11.08
%
2021
 
236

 
519,116

 
10.16
%
 
$
57.62

 
9.89
%
2022
 
197

 
366,228

 
7.17
%
 
$
62.52

 
7.57
%
2023
 
169

 
353,073

 
6.91
%
 
$
59.81

 
6.99
%
2024
 
165

 
430,007

 
8.42
%
 
$
64.43

 
9.16
%
2025
 
161

 
415,255

 
8.13
%
 
$
67.60

 
9.28
%
2026
 
140

 
436,015

 
8.53
%
 
$
67.06

 
9.67
%
2027
 
105

 
251,538

 
4.92
%
 
$
79.34

 
6.60
%
Unconsolidated Joint Venture Centers (at the Company's pro rata share):
 
 
 
 
 
 
 
 
 
 
2018
 
224

 
269,343

 
11.20
%
 
$
60.09

 
10.10
%
2019
 
208

 
230,305

 
9.57
%
 
$
66.18

 
9.51
%
2020
 
199

 
258,621

 
10.75
%
 
$
58.50

 
9.44
%
2021
 
209

 
261,733

 
10.88
%
 
$
65.50

 
10.69
%
2022
 
157

 
221,959

 
9.23
%
 
$
62.22

 
8.62
%
2023
 
142

 
231,859

 
9.64
%
 
$
57.00

 
8.24
%
2024
 
108

 
180,137

 
7.49
%
 
$
62.62

 
7.04
%
2025
 
121

 
203,784

 
8.47
%
 
$
66.24

 
8.42
%
2026
 
153

 
224,682

 
9.34
%
 
$
86.27

 
12.09
%
2027
 
111

 
164,641

 
6.84
%
 
$
86.26

 
8.86
%


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