$MAC
MACERICH CO

2020 Q4 Form 10-Q Financial Statement

#000091224220000016 Filed on November 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $194.6M $185.8M $231.1M
YoY Change -19.52% -19.59% -4.57%
Cost Of Revenue $90.10M $83.30M $92.00M
YoY Change -2.49% -9.46% -1.71%
Gross Profit $104.5M $102.6M $139.1M
YoY Change -30.1% -26.24% -6.39%
Gross Profit Margin 53.69% 55.21% 60.18%
Selling, General & Admin $7.700M $7.600M $5.300M
YoY Change 32.76% 43.4% -1.85%
% of Gross Profit 7.37% 7.41% 3.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $79.60M $80.70M $84.50M
YoY Change -7.23% -4.5% 1.08%
% of Gross Profit 76.17% 78.65% 60.75%
Operating Expenses $86.20M $86.10M $88.10M
YoY Change -4.01% -2.27% 0.92%
Operating Profit $18.30M $16.50M $51.00M
YoY Change -69.35% -67.65% -16.8%
Interest Expense -$20.40M $37.18M $14.80M
YoY Change -39.29% 151.26% -67.06%
% of Operating Profit -111.48% 225.36% 29.02%
Other Income/Expense, Net
YoY Change
Pretax Income -$204.6M -$21.50M $50.70M
YoY Change -791.22% -142.41% -37.94%
Income Tax $200.0K $1.106M $678.0K
% Of Pretax Income 1.34%
Net Earnings -$190.4M -$22.19M $50.03M
YoY Change -807.81% -144.36% -38.42%
Net Earnings / Revenue -97.82% -11.94% 21.64%
Basic Earnings Per Share -$1.27 -$0.15 $0.33
Diluted Earnings Per Share -$1.27 -$0.15 $0.33
COMMON SHARES
Basic Shares Outstanding 149.5M shares 149.6M shares 141.4M shares
Diluted Shares Outstanding 149.6M shares 141.4M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $465.0M $528.0M $98.00M
YoY Change 365.0% 438.78% 5.38%
Cash & Equivalents $465.3M $528.4M $98.31M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $241.0M $252.0M $139.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $706.0M $780.0M $237.0M
YoY Change 182.4% 229.11% -17.13%
LONG-TERM ASSETS
Property, Plant & Equipment $6.813B $6.573B $6.815B
YoY Change 0.31% -3.55% -0.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.341B $1.570B $1.437B
YoY Change -11.78% 9.26% -1.94%
Other Assets $48.00M $44.00M $40.00M
YoY Change 6.67% 10.0% -50.62%
Total Long-Term Assets $8.478B $8.403B $8.539B
YoY Change -1.46% -1.59% -2.13%
TOTAL ASSETS
Total Short-Term Assets $706.0M $780.0M $237.0M
Total Long-Term Assets $8.478B $8.403B $8.539B
Total Assets $9.184B $9.183B $8.776B
YoY Change 3.73% 4.64% -2.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $69.00M $72.00M $61.00M
YoY Change 35.29% 18.03% 0.0%
Accrued Expenses $301.0M $280.0M $319.0M
YoY Change -8.51% -12.23% 36.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $370.0M $352.0M $380.0M
YoY Change -2.63% -7.37% 28.81%
LONG-TERM LIABILITIES
Long-Term Debt $6.189B $6.045B $5.338B
YoY Change 12.57% 13.24% 1.54%
Other Long-Term Liabilities $180.0M $138.0M $150.0M
YoY Change 24.14% -8.0% -11.76%
Total Long-Term Liabilities $6.369B $6.183B $5.488B
YoY Change 12.87% 12.66% 1.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $370.0M $352.0M $380.0M
Total Long-Term Liabilities $6.369B $6.183B $5.488B
Total Liabilities $6.739B $6.535B $5.868B
YoY Change 11.89% 11.36% 2.54%
SHAREHOLDERS EQUITY
Retained Earnings -$2.340B -$2.127B -$1.865B
YoY Change 20.35% 14.05% 22.67%
Common Stock $4.605B $4.602B $4.583B
YoY Change 0.43% 0.41% 0.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.257B $2.464B $2.707B
YoY Change
Total Liabilities & Shareholders Equity $9.184B $9.183B $8.776B
YoY Change 3.73% 4.64% -2.61%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$190.4M -$22.19M $50.03M
YoY Change -807.81% -144.36% -38.42%
Depreciation, Depletion And Amortization $79.60M $80.70M $84.50M
YoY Change -7.23% -4.5% 1.08%
Cash From Operating Activities $59.70M $80.50M $106.9M
YoY Change -28.25% -24.7% 29.89%
INVESTING ACTIVITIES
Capital Expenditures -$5.100M -$2.200M -$3.100M
YoY Change -29.03% -80.0%
Acquisitions
YoY Change
Other Investing Activities -$74.90M -$11.50M $42.60M
YoY Change -41.76% -127.0% 688.89%
Cash From Investing Activities -$80.00M -$13.70M $39.50M
YoY Change -37.79% -134.68% -498.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -38.80M -32.60M -187.5M
YoY Change -174.05% -82.61% 165.21%
NET CHANGE
Cash From Operating Activities 59.70M 80.50M 106.9M
Cash From Investing Activities -80.00M -13.70M 39.50M
Cash From Financing Activities -38.80M -32.60M -187.5M
Net Change In Cash -59.10M 34.20M -41.10M
YoY Change -944.29% -183.21% -2517.65%
FREE CASH FLOW
Cash From Operating Activities $59.70M $80.50M $106.9M
Capital Expenditures -$5.100M -$2.200M -$3.100M
Free Cash Flow $64.80M $82.70M $110.0M
YoY Change -22.12% -24.82% 12.47%

Facts In Submission

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MACERICH CO
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us-gaap Nature Of Operations
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Organization:<div style="margin-bottom:8pt;margin-top:8pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Macerich Company (the "Company") is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers (the "Centers") located throughout the United States.</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company commenced operations effective with the completion of its initial public offering on March 16, 1994. As of September 30, 2020, the Company was the sole general partner of and held a 93% ownership interest in The Macerich Partnership, L.P. (the "Operating Partnership"). The Company was organized to qualify as a real estate investment trust ("REIT") under the Internal Revenue Code of 1986, as amended (the "Code").</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The property management, leasing and redevelopment of the Company's portfolio is provided by the Company's management companies, Macerich Property Management Company, LLC, a single member Delaware limited liability company, Macerich Management Company, a California corporation, Macerich Arizona Partners LLC, a single member Arizona limited liability company, Macerich Arizona Management LLC, a single member Delaware limited liability company, Macerich Partners of Colorado LLC, a single member Colorado limited liability company, MACW Mall Management, Inc., a New York corporation, and MACW Property Management, LLC, a single member New York limited liability company. All seven of the management companies are collectively referred to herein as the "Management Companies."</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All references to the Company in this Quarterly Report on Form 10-Q include the Company, those entities owned or controlled by the Company and predecessors of the Company, unless the context indicates otherwise.</span></div>
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DevelopmentInProcess
126165000 USD
CY2020Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
8941356000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
8993049000 USD
CY2020Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
2503108000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
2349536000 USD
CY2020Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6438248000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6643513000 USD
CY2020Q3 us-gaap Depreciation Nonproduction
DepreciationNonproduction
71250000 USD
CY2019Q3 us-gaap Depreciation Nonproduction
DepreciationNonproduction
72519000 USD
us-gaap Depreciation Nonproduction
DepreciationNonproduction
216455000 USD
us-gaap Depreciation Nonproduction
DepreciationNonproduction
214689000 USD
us-gaap Provision For Lease Losses
ProvisionForLeaseLosses
39248000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
4836000 USD
CY2020Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1505000 USD
CY2019Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
212000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
42115000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
16121000 USD
CY2020Q3 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
11786000 USD
CY2019Q3 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-131000 USD
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-28784000 USD
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-15506000 USD
CY2020Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1361000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
4154000 USD
CY2019Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
140000000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
38205000 USD
CY2020Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
88160000 USD
CY2019Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
82214000 USD
CY2020Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
138843000 USD
CY2019Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
159356000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
455925000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
482194000 USD
CY2020Q3 us-gaap Variable Lease Income
VariableLeaseIncome
47220000 USD
CY2019Q3 us-gaap Variable Lease Income
VariableLeaseIncome
57838000 USD
us-gaap Variable Lease Income
VariableLeaseIncome
138304000 USD
us-gaap Variable Lease Income
VariableLeaseIncome
160863000 USD
CY2020Q3 us-gaap Provision For Lease Losses
ProvisionForLeaseLosses
10557000 USD
CY2019Q3 us-gaap Provision For Lease Losses
ProvisionForLeaseLosses
2934000 USD
us-gaap Provision For Lease Losses
ProvisionForLeaseLosses
6767000 USD
CY2020Q3 us-gaap Lease Income
LeaseIncome
175506000 USD
CY2019Q3 us-gaap Lease Income
LeaseIncome
214260000 USD
us-gaap Lease Income
LeaseIncome
554981000 USD
us-gaap Lease Income
LeaseIncome
636290000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Rolling Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextRollingTwelveMonths
403464000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Two
LessorOperatingLeasePaymentsToBeReceivedRollingYearTwo
357085000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Three
LessorOperatingLeasePaymentsToBeReceivedRollingYearThree
310769000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Four
LessorOperatingLeasePaymentsToBeReceivedRollingYearFour
257487000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedRollingYearFive
204648000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received After Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedAfterRollingYearFive
556607000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2090060000 USD
mac Finance Lease Numberof Leases
FinanceLeaseNumberofLeases
5 lease
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3788000 USD
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3466000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
11427000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
12675000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
477000 USD
CY2019Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
475000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1428000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1407000 USD
CY2020Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
131000 USD
CY2019Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
145000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
415000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
453000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
4396000 USD
CY2019Q3 us-gaap Lease Cost
LeaseCost
4086000 USD
us-gaap Lease Cost
LeaseCost
13270000 USD
us-gaap Lease Cost
LeaseCost
14535000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4682000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
2043000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
17149000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
2106000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
17004000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
10784000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
17004000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
10441000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
16867000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
2762000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
16867000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
2418000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11055000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
344000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11055000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9068000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
3085000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9068000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 USD
CY2020Q3 mac Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
131347000 USD
CY2020Q3 mac Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 USD
CY2019Q4 mac Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
131347000 USD
CY2019Q4 mac Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
190023000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
19018000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
202490000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
14965000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
99597000 USD
CY2020Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2641000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
102085000 USD
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1169000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
90426000 USD
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
16377000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
100405000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
13796000 USD
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P31Y9M18D
CY2020Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y1M6D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P31Y
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y7M6D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.078
CY2020Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.037
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.077
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.042
CY2020Q3 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
162606000 USD
CY2019Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
202540000 USD
CY2020Q3 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
56269000 USD
CY2019Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
78171000 USD
CY2020Q3 mac Finite Lived Intangible Asset Leasing Commissions And Legal Costs
FiniteLivedIntangibleAssetLeasingCommissionsAndLegalCosts
16920000 USD
CY2019Q4 mac Finite Lived Intangible Asset Leasing Commissions And Legal Costs
FiniteLivedIntangibleAssetLeasingCommissionsAndLegalCosts
20518000 USD
CY2020Q3 mac Finite Lived Intangible Asset Above Market Leases
FiniteLivedIntangibleAssetAboveMarketLeases
55119000 USD
CY2019Q4 mac Finite Lived Intangible Asset Above Market Leases
FiniteLivedIntangibleAssetAboveMarketLeases
59916000 USD
CY2020Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
31003000 USD
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
30757000 USD
CY2020Q3 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
56826000 USD
CY2019Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
55349000 USD
CY2020Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
53896000 USD
CY2019Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
60475000 USD
CY2020Q3 mac Deferred Costs And Other Assets Gross
DeferredCostsAndOtherAssetsGross
432639000 USD
CY2019Q4 mac Deferred Costs And Other Assets Gross
DeferredCostsAndOtherAssetsGross
507726000 USD
CY2020Q3 mac Accumulated Amortization Deferred Costs And Finite Lived Intangible Assets
AccumulatedAmortizationDeferredCostsAndFiniteLivedIntangibleAssets
185512000 USD
CY2019Q4 mac Accumulated Amortization Deferred Costs And Finite Lived Intangible Assets
AccumulatedAmortizationDeferredCostsAndFiniteLivedIntangibleAssets
229860000 USD
CY2020Q3 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
247127000 USD
CY2019Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
277866000 USD
CY2020Q3 mac Secured Debt Nonrelated Party
SecuredDebtNonrelatedParty
4373710000 USD
CY2019Q4 mac Secured Debt Nonrelated Party
SecuredDebtNonrelatedParty
4392599000 USD
CY2020Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
13403000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
16042000 USD
CY2020Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1313000 USD
CY2019Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2704000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3969000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
7557000 USD
CY2020Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
4418624000 USD
CY2019Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
4427790000 USD
CY2020Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
19719000 USD
CY2019Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
679719000 USD
CY2020Q3 mac Financing Arrangement Terminal Capitalization Rate
FinancingArrangementTerminalCapitalizationRate
0.055
CY2019Q4 mac Financing Arrangement Terminal Capitalization Rate
FinancingArrangementTerminalCapitalizationRate
0.050
CY2020Q3 mac Financing Arrangement Discount Rate
FinancingArrangementDiscountRate
0.070
CY2019Q4 mac Financing Arrangement Discount Rate
FinancingArrangementDiscountRate
0.060
CY2019Q2 mac Joint Venture Distributionsin Excessof Loan Proceeds
JointVentureDistributionsinExcessofLoanProceeds
27945000 USD
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
mac Minority Interest Redemption Value Basis Number Of Trading Days
MinorityInterestRedemptionValueBasisNumberOfTradingDays
P10D
CY2020Q3 mac Minority Interest Redemption Value
MinorityInterestRedemptionValue
76170000 USD
CY2019Q4 mac Minority Interest Redemption Value
MinorityInterestRedemptionValue
277524000 USD
CY2020Q2 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
7759280 shares
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.50
CY2020Q2 mac Common Stock Cash Dividend Rate Percentage
CommonStockCashDividendRatePercentage
0.20
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2020Q2 mac Common Stock Cash Dividend Rate Percentage
CommonStockCashDividendRatePercentage
0.20
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2020Q2 mac Common Stock Cash Dividend Rate Percentage
CommonStockCashDividendRatePercentage
0.20
CY2020Q2 mac Common Stock Stock Dividend Rate Percentage
CommonStockStockDividendRatePercentage
0.80
CY2020Q3 mac Volume Weighted Average Share Price
VolumeWeightedAverageSharePrice
7.2956
CY2017Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 USD
CY2020Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
278707000 USD
CY2020Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
40914000 USD
CY2020Q3 us-gaap Construction Payable Current
ConstructionPayableCurrent
1947000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
552866 shares
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4123000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3315000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13936000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13353000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
626000 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
993000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2946000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3598000 USD
CY2020Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 USD
CY2019Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
89000 USD
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-439000 USD
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-83000 USD
CY2020Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1106000 USD
CY2019Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
589000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-245000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1786000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1106000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
678000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-684000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1703000 USD
CY2020Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
31003000 USD
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
30757000 USD

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