2024 Q1 Form 10-K Financial Statement

#000091224224000026 Filed on February 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $208.8M $238.7M $884.1M
YoY Change -2.83% 4.58% 2.9%
Cost Of Revenue $103.9M $98.37M $394.9M
YoY Change 4.91% 1.09% 1.16%
Gross Profit $104.9M $140.3M $489.2M
YoY Change -9.44% 7.18% 4.34%
Gross Profit Margin 50.23% 58.79% 55.33%
Selling, General & Admin $7.643M $7.546M $29.24M
YoY Change 9.5% 6.55% 7.64%
% of Gross Profit 7.29% 5.38% 5.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $71.38M $69.77M $296.4M
YoY Change -4.87% -8.62% -2.01%
% of Gross Profit 68.06% 49.72% 60.59%
Operating Expenses $75.99M $77.31M $311.6M
YoY Change -3.11% -4.13% -2.25%
Operating Profit $28.88M $63.01M $177.6M
YoY Change -22.73% 25.33% 18.36%
Interest Expense -$125.5M -$6.115M -$329.9M
YoY Change -418.26% -87.26% -252.11%
% of Operating Profit -434.42% -9.7% -185.75%
Other Income/Expense, Net
YoY Change
Pretax Income -$132.7M $65.81M -$278.6M
YoY Change 120.84% 1954.03% 332.77%
Income Tax -$1.224M -$655.0K -$494.0K
% Of Pretax Income -1.0%
Net Earnings -$126.7M $62.18M -$274.1M
YoY Change 115.77% 4115.53% 314.82%
Net Earnings / Revenue -60.7% 26.05% -31.0%
Basic Earnings Per Share -$0.59 -$1.28
Diluted Earnings Per Share -$0.59 $0.29 -$1.28
COMMON SHARES
Basic Shares Outstanding 215.7M shares 215.4M shares 215.5M shares
Diluted Shares Outstanding 216.0M shares 215.5M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $120.1M $94.94M $94.94M
YoY Change 7.03% -5.37% -5.37%
Cash & Equivalents $120.1M $94.94M $94.94M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $147.4M $188.2M $188.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $267.5M $283.2M $283.2M
YoY Change -4.76% -1.41% -1.41%
LONG-TERM ASSETS
Property, Plant & Equipment $5.955B $6.019B $6.019B
YoY Change -4.19% -3.76% -3.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $785.6M $852.8M $852.8M
YoY Change -27.86% -30.35% -30.35%
Other Assets $130.3M $358.4M $119.4M
YoY Change 9.92% 9.2% -63.63%
Total Long-Term Assets $7.096B $7.230B $7.230B
YoY Change -7.09% -7.39% -7.39%
TOTAL ASSETS
Total Short-Term Assets $267.5M $283.2M $283.2M
Total Long-Term Assets $7.096B $7.230B $7.230B
Total Assets $7.363B $7.514B $7.514B
YoY Change -7.0% -7.17% -7.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $60.58M $64.19M $64.19M
YoY Change 1.71% 1.72% 1.72%
Accrued Expenses $327.9M $418.7M $360.4M
YoY Change -1.66% 1.23% -12.86%
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 $388.5M $482.9M $424.6M
YoY Change -1.15% 1.29% -10.93%
LONG-TERM LIABILITIES
Long-Term Debt $4.385B $4.328B $4.339B
YoY Change -0.77% -4.81% -4.58%
Other Long-Term Liabilities $229.3M $174.8M $222.5M
YoY Change -8.41% 44.34% 83.72%
Total Long-Term Liabilities $4.614B $4.503B $4.561B
YoY Change -1.18% -3.54% -2.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $388.5M $482.9M $424.6M
Total Long-Term Liabilities $4.614B $4.503B $4.561B
Total Liabilities $5.002B $5.066B $5.066B
YoY Change -1.18% -1.52% -3.1%
SHAREHOLDERS EQUITY
Retained Earnings -$3.227B -$3.064B
YoY Change 17.85% 15.92%
Common Stock $5.515B $5.512B
YoY Change 0.02% 0.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.287B $2.447B $2.447B
YoY Change
Total Liabilities & Shareholders Equity $7.363B $7.514B $7.514B
YoY Change -7.0% -7.17% -7.17%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$126.7M $62.18M -$274.1M
YoY Change 115.77% 4115.53% 314.82%
Depreciation, Depletion And Amortization $71.38M $69.77M $296.4M
YoY Change -4.87% -8.62% -2.01%
Cash From Operating Activities $61.10M $49.40M $295.5M
YoY Change -24.32% -5.94% -12.45%
INVESTING ACTIVITIES
Capital Expenditures $7.329M $25.75M $121.2M
YoY Change -50.72% 29.21% 57.09%
Acquisitions
YoY Change
Other Investing Activities -$19.65M $45.99M $173.8M
YoY Change -114.77% -263.53% 129.33%
Cash From Investing Activities -$26.98M $20.24M $52.54M
YoY Change -122.83% -142.12% -3847.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $225.2M $863.3M
YoY Change 33.55% 158.4%
Cash From Financing Activities $667.0K -87.49M -$338.9M
YoY Change -100.38% -848.14% 5.26%
NET CHANGE
Cash From Operating Activities $61.10M 49.40M $295.5M
Cash From Investing Activities -$26.98M 20.24M $52.54M
Cash From Financing Activities $667.0K -87.49M -$338.9M
Net Change In Cash $34.79M -17.84M $9.155M
YoY Change 41.67% -210.4% -35.38%
FREE CASH FLOW
Cash From Operating Activities $61.10M $49.40M $295.5M
Capital Expenditures $7.329M $25.75M $121.2M
Free Cash Flow $53.77M $23.65M $174.3M
YoY Change -18.36% -27.43% -33.06%

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CY2021 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
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CY2021 mac Receivable In Connection With Sale Of Joint Venture Property
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CY2023 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
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CY2023 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 December 31, 2023, the Company was the sole general partner of and held a 96% 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 owned by the Company and are collectively referred to herein as the "Management Companies."</span></div>
CY2023 mac Number Of Real Estate Management Companies
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CY2023 mac Number Of Forms Of In Place Operating Leases
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CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
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CY2023Q4 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
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CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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-style:italic;font-weight:400;line-height:120%">Concentration of Risk:</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 maintains its cash accounts in a number of commercial banks. Accounts at these banks are guaranteed by the Federal Deposit Insurance Corporation ("FDIC") up to $250. At various times during the year, the Company had deposits in excess of the FDIC insurance limit.</span></div>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<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-style:italic;font-weight:400;line-height:120%">Management Estimates:</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 preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the </span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2023 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-278099000 usd
CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-65079000 usd
CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
16163000 usd
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-4034000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
989000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1900000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-274065000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-66068000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
14263000 usd
CY2023 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
870000 usd
CY2023 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
870000 usd
CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
856000 usd
CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
856000 usd
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
853000 usd
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
853000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-274935000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-274935000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-66924000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-66924000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
13410000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13410000 usd
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215548000 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215548000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215031000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215031000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
198070000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
198070000 shares
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.28
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.28
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.31
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.31
CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-1584000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
656000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
188493000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
186767000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
8835607000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
8920580000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
2935118000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
2792790000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
5900489000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
6127790000 usd
CY2023 us-gaap Depreciation Nonproduction
DepreciationNonproduction
265140000 usd
CY2022 us-gaap Depreciation Nonproduction
DepreciationNonproduction
271494000 usd
CY2021 us-gaap Depreciation Nonproduction
DepreciationNonproduction
282158000 usd
CY2023 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
153495000 usd
CY2022 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
15045000 usd
CY2021 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
67344000 usd
CY2023 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-134523000 usd
CY2022 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
7698000 usd
CY2021 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
75740000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
13608000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
15133000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
14611000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
4824000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
10741000 usd
CY2023Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
105260000 usd
CY2022Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
110155000 usd
CY2023 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
570869000 usd
CY2022 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
551459000 usd
CY2021 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
529227000 usd
CY2023 us-gaap Variable Lease Income
VariableLeaseIncome
235455000 usd
CY2022 us-gaap Variable Lease Income
VariableLeaseIncome
248433000 usd
CY2021 us-gaap Variable Lease Income
VariableLeaseIncome
251930000 usd
CY2023 us-gaap Net Investment In Lease Credit Loss Expense Reversal
NetInvestmentInLeaseCreditLossExpenseReversal
-2699000 usd
CY2022 us-gaap Net Investment In Lease Credit Loss Expense Reversal
NetInvestmentInLeaseCreditLossExpenseReversal
-656000 usd
CY2021 us-gaap Net Investment In Lease Credit Loss Expense Reversal
NetInvestmentInLeaseCreditLossExpenseReversal
-6390000 usd
CY2023 us-gaap Lease Income
LeaseIncome
809023000 usd
CY2022 us-gaap Lease Income
LeaseIncome
800548000 usd
CY2021 us-gaap Lease Income
LeaseIncome
787547000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
483136000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
406056000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
332250000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
254321000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
197629000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
685240000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2358632000 usd
CY2023 mac Finance Lease Number Of Leases
FinanceLeaseNumberOfLeases
5 lease
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1366000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1930000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1917000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
420000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
499000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
574000 usd
CY2023 us-gaap Lease Cost
LeaseCost
15394000 usd
CY2022 us-gaap Lease Cost
LeaseCost
17562000 usd
CY2021 us-gaap Lease Cost
LeaseCost
17102000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11442000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
9478000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
11626000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1400000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11743000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
11914000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
8303000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
74831000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
129859000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
10878000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
56475000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
273000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
73384000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
10605000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P24Y1M6D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y8M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.071
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.036
CY2023Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
89175000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
113400000 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
59478000 usd
CY2022Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
63961000 usd
CY2023Q4 mac Finite Lived Intangible Asset Leasing Commissions And Legal Costs
FiniteLivedIntangibleAssetLeasingCommissionsAndLegalCosts
16364000 usd
CY2022Q4 mac Finite Lived Intangible Asset Leasing Commissions And Legal Costs
FiniteLivedIntangibleAssetLeasingCommissionsAndLegalCosts
17299000 usd
CY2023Q4 mac Finite Lived Intangible Asset Above Market Leases
FiniteLivedIntangibleAssetAboveMarketLeases
66002000 usd
CY2022Q4 mac Finite Lived Intangible Asset Above Market Leases
FiniteLivedIntangibleAssetAboveMarketLeases
71304000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
24024000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
23114000 usd
CY2023Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
62755000 usd
CY2022Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
54353000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
73576000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
66188000 usd
CY2023Q4 mac Deferred Costs And Other Assets Gross
DeferredCostsAndOtherAssetsGross
391374000 usd
CY2022Q4 mac Deferred Costs And Other Assets Gross
DeferredCostsAndOtherAssetsGross
409619000 usd
CY2023Q4 mac Accumulated Amortization Deferred Costs And Finite Lived Intangible Assets
AccumulatedAmortizationDeferredCostsAndFiniteLivedIntangibleAssets
128306000 usd
CY2022Q4 mac Accumulated Amortization Deferred Costs And Finite Lived Intangible Assets
AccumulatedAmortizationDeferredCostsAndFiniteLivedIntangibleAssets
162195000 usd
CY2023Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
263068000 usd
CY2022Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
247424000 usd
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
85174000 usd
CY2022Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
97026000 usd
CY2023Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
37490000 usd
CY2022Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
40797000 usd
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
47684000 usd
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
56229000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
7564000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
6055000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
4730000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
4420000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Year Five
BelowMarketLeaseAmortizationIncomeYearFive
4153000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income After Year Five
BelowMarketLeaseAmortizationIncomeAfterYearFive
20762000 usd
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
47684000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
4136136000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
4240596000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
21148000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
13830000 usd
CY2023 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
20531000 usd
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
10471000 usd
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
9504000 usd
CY2023Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
3863997000 usd
CY2022Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
3894588000 usd
CY2023Q4 mac Financing Arrangement Discount Rate
FinancingArrangementDiscountRate
1
CY2023Q4 mac Joint Venture Ownership Percent
JointVentureOwnershipPercent
0.499
CY2023Q4 mac Financing Arrangement Terminal Capitalization Rate
FinancingArrangementTerminalCapitalizationRate
0.065
CY2022Q4 mac Financing Arrangement Terminal Capitalization Rate
FinancingArrangementTerminalCapitalizationRate
0.063
CY2023Q4 mac Financing Arrangement Discount Rate
FinancingArrangementDiscountRate
0.080
CY2022Q4 mac Financing Arrangement Discount Rate
FinancingArrangementDiscountRate
0.078
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023 mac Minority Interest Redemption Value Basis Number Of Trading Days
MinorityInterestRedemptionValueBasisNumberOfTradingDays
10 trading_day
CY2023Q4 mac Minority Interest Redemption Value
MinorityInterestRedemptionValue
158157000 usd
CY2022Q4 mac Minority Interest Redemption Value
MinorityInterestRedemptionValue
103023000 usd
CY2021 mac Proceeds From Issuance Of Common Stock Net Of Issuance Costs
ProceedsFromIssuanceOfCommonStockNetOfIssuanceCosts
830241000 usd
CY2022Q4 mac Common Stock Value Available For Future Issuance
CommonStockValueAvailableForFutureIssuance
151699000 usd
CY2017Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 usd
CY2022 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2023 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2021 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2021Q3 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
100142000 usd
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
41033000 usd
CY2023Q4 us-gaap Construction Payable Current
ConstructionPayableCurrent
8351000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
26371 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
54.56
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
37515 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
54.34
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
37515 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
54.34
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
11144 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
53.82
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
26371 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
54.56
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
26371 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
54.56
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
37515 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
54.34
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16065000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22119000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17998000 usd
CY2023 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2899000 usd
CY2022 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4481000 usd
CY2021 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3725000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
6918273000 usd
CY2023 mac Common Stock Dividends Ordinary Income Per Share
CommonStockDividendsOrdinaryIncomePerShare
0.36
CY2023 mac Common Stock Dividends Ordinary Income Percentage
CommonStockDividendsOrdinaryIncomePercentage
0.530
CY2022 mac Common Stock Dividends Ordinary Income Per Share
CommonStockDividendsOrdinaryIncomePerShare
0.49
CY2022 mac Common Stock Dividends Ordinary Income Percentage
CommonStockDividendsOrdinaryIncomePercentage
0.792
CY2021 mac Common Stock Dividends Ordinary Income Per Share
CommonStockDividendsOrdinaryIncomePerShare
0.04
CY2021 mac Common Stock Dividends Ordinary Income Percentage
CommonStockDividendsOrdinaryIncomePercentage
0.060
CY2023 mac Common Stock Dividends Capital Gain Distribution Per Share
CommonStockDividendsCapitalGainDistributionPerShare
0.32
CY2023 mac Common Stock Dividends Capital Gain Distribution Percentage
CommonStockDividendsCapitalGainDistributionPercentage
0.470
CY2022 mac Common Stock Dividends Capital Gain Distribution Per Share
CommonStockDividendsCapitalGainDistributionPerShare
0.06
CY2022 mac Common Stock Dividends Capital Gain Distribution Percentage
CommonStockDividendsCapitalGainDistributionPercentage
0.099
CY2021 mac Common Stock Dividends Capital Gain Distribution Per Share
CommonStockDividendsCapitalGainDistributionPerShare
0.15
CY2021 mac Common Stock Dividends Capital Gain Distribution Percentage
CommonStockDividendsCapitalGainDistributionPercentage
0.249
CY2023 mac Common Stock Dividends Return Of Capital Distribution Per Share
CommonStockDividendsReturnOfCapitalDistributionPerShare
0
CY2023 mac Common Stock Dividends Return Of Capital Distribution Percentage
CommonStockDividendsReturnOfCapitalDistributionPercentage
0
CY2022 mac Common Stock Dividends Return Of Capital Distribution Per Share
CommonStockDividendsReturnOfCapitalDistributionPerShare
0.07
CY2022 mac Common Stock Dividends Return Of Capital Distribution Percentage
CommonStockDividendsReturnOfCapitalDistributionPercentage
0.109
CY2021 mac Common Stock Dividends Return Of Capital Distribution Per Share
CommonStockDividendsReturnOfCapitalDistributionPerShare
0.41
CY2021 mac Common Stock Dividends Return Of Capital Distribution Percentage
CommonStockDividendsReturnOfCapitalDistributionPercentage
0.691
CY2023 mac Common Stock Dividends Per Share Cash Paid Income Tax Purposes
CommonStockDividendsPerShareCashPaidIncomeTaxPurposes
0.68
CY2023 mac Common Stock Dividends Cash Paid Percentage
CommonStockDividendsCashPaidPercentage
1.000
CY2022 mac Common Stock Dividends Per Share Cash Paid Income Tax Purposes
CommonStockDividendsPerShareCashPaidIncomeTaxPurposes
0.62
CY2022 mac Common Stock Dividends Cash Paid Percentage
CommonStockDividendsCashPaidPercentage
1.000
CY2021 mac Common Stock Dividends Per Share Cash Paid Income Tax Purposes
CommonStockDividendsPerShareCashPaidIncomeTaxPurposes
0.60
CY2021 mac Common Stock Dividends Cash Paid Percentage
CommonStockDividendsCashPaidPercentage
1.000
CY2023 mac Percentage Of Dividend Paid Categorized As Qualified Reit Dividends
PercentageOfDividendPaidCategorizedAsQualifiedREITDividends
0.545
CY2023 mac Percentage Of Dividend Paid Categorized As Qualified Dividend Income
PercentageOfDividendPaidCategorizedAsQualifiedDividendIncome
0.455
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-494000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
705000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6948000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-494000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
705000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6948000 usd
CY2023Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
188493000 usd
CY2023Q4 us-gaap Development In Process
DevelopmentInProcess
340496000 usd
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
8835607000 usd
CY2023 mac Book Income Loss For Trs
BookIncomeLossForTRS
-7671000 usd
CY2022 mac Book Income Loss For Trs
BookIncomeLossForTRS
-2718000 usd
CY2021 mac Book Income Loss For Trs
BookIncomeLossForTRS
23205000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1611000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-571000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
4873000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-220000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
116000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1261000 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1337000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1160000 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
814000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-494000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
705000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6948000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
12740000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
13362000 usd
CY2023Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
10396000 usd
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
9019000 usd
CY2023Q4 mac Deferred Tax Assets Liabilities Other
DeferredTaxAssetsLiabilitiesOther
888000 usd
CY2022Q4 mac Deferred Tax Assets Liabilities Other
DeferredTaxAssetsLiabilitiesOther
733000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
24024000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
23114000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
1395586000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
4906495000 usd
CY2023Q4 mac Real Estate And Accumulated Depreciation Initial Cost Of Equipment Furnishing
RealEstateAndAccumulatedDepreciationInitialCostOfEquipmentFurnishing
46574000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
2486952000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
1388345000 usd
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
2935118000 usd
CY2023Q4 us-gaap Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
5900489000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
8920580000 usd
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
8847550000 usd
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
9256712000 usd
CY2023 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
257160000 usd
CY2022 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
156445000 usd
CY2021 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
100616000 usd
CY2023 mac Real Estate Cost Of Real Estate Sold Or Retired
RealEstateCostOfRealEstateSoldOrRetired
342133000 usd
CY2022 mac Real Estate Cost Of Real Estate Sold Or Retired
RealEstateCostOfRealEstateSoldOrRetired
83415000 usd
CY2021 mac Real Estate Cost Of Real Estate Sold Or Retired
RealEstateCostOfRealEstateSoldOrRetired
509778000 usd
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
8835607000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
8920580000 usd
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
8847550000 usd
CY2023Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
9080781000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
2792790000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
2563344000 usd
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
2562133000 usd
CY2023 mac Real Estate Accumulated Depreciation Depreciation Expense And Other Additions
RealEstateAccumulatedDepreciationDepreciationExpenseAndOtherAdditions
265140000 usd
CY2022 mac Real Estate Accumulated Depreciation Depreciation Expense And Other Additions
RealEstateAccumulatedDepreciationDepreciationExpenseAndOtherAdditions
271494000 usd
CY2021 mac Real Estate Accumulated Depreciation Depreciation Expense And Other Additions
RealEstateAccumulatedDepreciationDepreciationExpenseAndOtherAdditions
282158000 usd
CY2023 mac Real Estate Accumulated Depreciation Real Estate Sold Or Retired
RealEstateAccumulatedDepreciationRealEstateSoldOrRetired
122812000 usd
CY2022 mac Real Estate Accumulated Depreciation Real Estate Sold Or Retired
RealEstateAccumulatedDepreciationRealEstateSoldOrRetired
42048000 usd
CY2021 mac Real Estate Accumulated Depreciation Real Estate Sold Or Retired
RealEstateAccumulatedDepreciationRealEstateSoldOrRetired
280947000 usd
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
2935118000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
2792790000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
2563344000 usd

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