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SEC Filings

MACERICH CO filed this Form DEF 14A on 05/17/2018
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Table of Contents

About Our Annual Meeting (page 1)

We provide answers to many questions about our Annual Meeting, including how to vote your shares, in our Q&A section beginning on page 1 of our Proxy Statement.    

Proposals and Board Recommendations












Proposal 1—   Election of Ten Directors    For all nominees      5  
Proposal 2—   Ratification of the Appointment of KPMG LLP as our Independent Registered Public Accounting Firm for the Year Ending December 31, 2018    For      69  
Proposal 3—   Advisory Vote to Approve our Named Executive Officer Compensation    For      70  
Transaction of any other business that properly comes before our Annual Meeting and any postponement or adjournment thereof    

Our Business Highlights (page 29)

Operational Achievements:


    Funds from operations (as defined in Appendix I) (“FFO”) per diluted share was $3.83 in 2017


    Same Center net operating income (as defined in Appendix I) (“NOI”) grew 2.73%


    Mall tenant sales per square foot for the portfolio increased by 4.8% to $660 for 2017

Leasing Achievements:


    Occupancy levels continued to be stable, ending the year at 95.0%


    Releasing spreads for 2017 were up 15.2% from 2016


    Average rent per square foot increased to $56.97, up 3.8% from 2016

Development Achievements:


    $250 million in-process pipeline in Philadelphia and New York


    Kings Plaza Shopping Center: $100 million redevelopment of the 250,000 square foot Sears building

Sustainability Achievements:


    Macerich is focused on sustainability as a long-term, fully-integrated business approach, as demonstrated by the following achievements:


    #1 ranking in the U.S. Retail Sector for sustainability performance for real estate portfolios around the world for the third straight year, according to scores published by Global Real Estate Sustainability Benchmark (GRESB)


    Retail “Leader in the Light” Environmental Award for the fourth consecutive year from the National Association of Real Estate Investment Trusts


    Recipient of U.S. BREEAM in-use building certification at 11 properties