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SEC Filings



8-K
MACERICH CO filed this Form 8-K on 10/31/2018
Entire Document
 


The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Average Base Rent Per Square Foot(a)

 

     Average Base Rent
PSF(b)
     Average Base Rent
PSF on Leases
Executed during the
trailing twelve
months ended(c)
     Average Base Rent
PSF on Leases
Expiring(d)
 

Consolidated Centers

        

09/30/2018

   $ 57.02      $ 54.43      $ 49.07  

09/30/2017

   $ 55.04      $ 55.68      $ 48.08  

12/31/2017

   $ 55.08      $ 57.36      $ 49.61  

12/31/2016(e)

   $ 53.51      $ 53.48      $ 44.77  

Unconsolidated Joint Venture Centers

        

09/30/2018

   $ 63.45      $ 65.19      $ 58.90  

09/30/2017

   $ 60.79      $ 62.94      $ 55.18  

12/31/2017

   $ 60.99      $ 63.50      $ 55.50  

12/31/2016

   $ 57.90      $ 64.78      $ 57.29  

All Regional Shopping Centers

        

09/30/2018

   $ 59.09      $ 57.32      $ 51.71  

09/30/2017

   $ 56.88      $ 57.71      $ 50.17  

12/31/2017

   $ 56.97      $ 59.20      $ 51.39  

12/31/2016(e)

   $ 54.87      $ 56.57      $ 48.08  

 

(a)

Average base rent per square foot is based on spaces 10,000 square feet and under. All joint venture amounts are included at pro rata. Centers under development and redevelopment are excluded.

(b)

Average base rent per square foot gives effect to the terms of each lease in effect, as of the applicable date, including any concessions, abatements and other adjustments or allowances that have been granted to the tenants.

(c)

The average base rent per square foot on leases executed during the period represents the actual rent to be paid during the first twelve months.

(d)

The average base rent per square foot on leases expiring during the period represents the final year minimum rent on a cash basis.

(e)

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 the table above as of December 31, 2016.

 

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