MACERICH CO

The Company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. The Company is the sole general partner of, and owns a majority of the ownership interests in, The Macerich Partnership, L.P., a Delaware limited partnership (the 3 "Operating Partnership"). As of December 31, 2025, the Operating Partnership owned or had an ownership interest in 37 regional retail centers (including office, hotel and residential space adjacent to these shopping centers) and one community/power shopping center. These 38 regional retail centers and the community/power shopping center consist of approximately 39 million square feet of gross leasable area ( GLA ) and are referred to herein as the Centers . The Centers consist of consolidated Centers ( Consolidated Centers ) and unconsolidated joint venture Centers ( Unconsolidated Joint Venture Centers ), as set forth in Item 2. Properties, unless the context otherwise requires.