The Macerich Company 8K Results of Operations and Financial Condition | MAC 4 Aug 09

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Exhibit 99.2

Supplemental Financial Information
For the three months and six months ended June 30, 2009

The Macerich Company

Supplemental Financial and Operating Information

Table of Contents

All information included in this supplemental financial package is unaudited, unless otherwise indicated.

		Page No.


Corporate Overview		1-3
Overview		1
Capital information and market capitalization		2
Changes in total common and equivalent shares/units		3
Financial Data		4-5
Supplemental FFO information		4
Capital expenditures		5
Operational Data		6-9
Sales per square foot		6
Occupancy		7
Rent		8
Cost of occupancy		9
Balance Sheet Information		10-13
Summarized balance sheet information		10
Debt summary		11
Outstanding debt by maturity date		12-13
Financing Activity		14-15
2009 Summary of financing activity		14
2010 Summary of financing activity		15
Development Pipeline Forecast		16

This supplemental financial information should be read in connection with the Company's second quarter 2009 earnings announcement (included as Exhibit 99.1 of the Company's Current Report on 8-K, event date August 4, 2009) as certain disclosures, definitions and reconciliations in such announcement have not been included in this supplemental financial information.

The Macerich Company

Supplemental Financial and Operating Information

Overview

The Macerich Company (the "Company") is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community 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 "Operating Partnership").

As of June 30, 2009, the Operating Partnership owned or had an ownership interest in 72 regional malls and 20 community shopping centers aggregating approximately 76 million square feet of gross leasable area ("GLA"). These 92 regional malls and community shopping centers are referred to hereinafter as the "Centers", unless the context requires otherwise.

The Company is a self-administered and self-managed real estate investment trust ("REIT") and conducts all of its operations through the Operating Partnership and the Company's management companies (collectively, the "Management Companies").

All references to the Company in this Exhibit include the Company, those entities owned or controlled by the Company and predecessors of the Company, unless the context indicates otherwise.

This document contains information that constitutes forward-looking statements and includes information regarding expectations regarding the Company's refinancing, development, redevelopment and expansion activities. Stockholders are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to vary materially from those anticipated, expected or projected. Such factors include, among others, general industry, economic and business conditions; adverse changes in the real estate markets, including the liquidity of real estate investments; and risks of real estate development, redevelopment, and expansion, including availability, terms and cost of financing, construction delays, environmental and safety requirements, budget overruns, sunk costs and lease-up. Real estate development, redevelopment and expansion activities are also subject to risks relating to the inability to obtain, or delays in obtaining, all necessary zoning, land-use, building, and occupancy and other required governmental permits and authorizations and governmental actions and initiatives (including legislative and regulatory changes) as well as terrorist activities which could adversely affect all of the above factors. Furthermore, occupancy rates and rents at a newly completed property may not be sufficient to make the property profitable. The reader is directed to the Company's various filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2008 and the Quarterly Reports on Form 10-Q, for a discussion of such risks and uncertainties, which discussion is incorporated herein by reference. The Company does not intend, and undertakes no obligation, to update any forward-looking information to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events unless required by law to do so.

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Capital Information and Market Capitalization

	Period Ended


	6/30/2009			12/31/2008			12/31/2007			12/31/2006
	dollars in thousands except per share data
Closing common stock price per share	$	17.61		$	18.16		$	71.06		$	86.57
52 week high	$	69.11		$	76.50		$	103.59		$	87.10
52 week low	$	5.31		$	8.31		$	69.44		$	66.70
Shares outstanding at end of period
Class A participating convertible preferred units		—			—			2,855,393			2,855,393
Class A non-participating convertible preferred units		198,382			193,164			219,828			287,176
Series A cumulative convertible redeemable preferred stock		—			—			3,067,131			3,627,131
Common shares and partnership units		91,162,413			88,529,334			84,864,600			84,767,432

Total common and equivalent shares/units outstanding		91,360,795			88,722,498			91,006,952			91,537,132

Portfolio capitalization data
Total portfolio debt, including joint ventures at pro rata	$	7,900,144		$	7,926,241		$	7,507,559		$	6,620,271
Equity market capitalization		1,608,864			1,611,201			6,466,954			7,924,369

Total market capitalization	$	9,509,008		$	9,537,442		$	13,974,513		$	14,544,640

Floating rate debt as a percentage of total debt		23.5	%		21.9	%		14.8	%		20.8	%

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Changes in Total Common and Equivalent Shares/Units




Balance as of December 31, 2008	11,645,700		76,883,634	193,164	88,722,498

Issuance of stock/partnership units from stock option exercises, restricted stock issuance or other share- or unit-based plans	46,410		148,533	—	194,943

Balance as of March 31, 2009	11,692,110		77,032,167	193,164	88,917,441

Conversion of partnership units to cash	(11,000	)			(11,000	)
Issuance of stock/partnership units from stock dividends, stock option exercises, restricted stock issuance or other share- or unit-based plans	165,901		2,283,235	5,218	2,454,354

Balance as of June 30, 2009	11,847,011		79,315,402	198,382	91,360,795

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Supplemental Funds from Operations ("FFO") Information(a)



	As of June 30,
	2009		2008
Straight line rent receivable	$	65.7	$	58.5



	For the Three Months Ended June 30,					For the Six Months Ended June 30,
	2009		2008			2009		2008
	dollars in millions
Lease termination fees	$	1.3	$	2.3		$	3.2	$	4.8
Straight line rental income	$	2.1	$	2.6		$	3.7	$	4.7
Gain on sales of undepreciated assets	$	1.1	$	1.4		$	2.5	$	3.0
Amortization of acquired above- and below-market leases (SFAS 141)	$	3.0	$	3.9		$	7.2	$	8.5
Amortization of debt premiums/(discounts)(b)	$	0.4	$	(0.7	)	$	0.7	$	(1.5	)
Interest capitalized	$	6.1	$	9.2		$	12.6	$	16.8

(a): All joint venture amounts included at pro rata.
(b): Reflects the Company's adoption of FSP APB 14-1 on January 1, 2009.

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Capital Expenditures



		For the Six Months Ended 6/30/2009		Year Ended 12/31/2008		Year Ended 12/31/2007
		dollars in millions
Consolidated Centers
Acquisitions of property and equipment		$	5.7	$	87.5	$	387.9
Development, redevelopment and expansions of Centers			108.3		446.1		545.9
Renovations of Centers			4.0		8.5		31.1
Tenant allowances			4.8		14.6		28.0
Deferred leasing charges			11.2		22.3		21.6

	Total	$	134.0	$	579.0	$	1,014.5

Joint Venture Centers(a)
Acquisitions of property and equipment		$	1.0	$	294.4	$	24.8
Development, redevelopment and expansions of Centers			21.2		60.8		33.5
Renovations of Centers			1.2		3.1		10.5
Tenant allowances			1.6		13.8		15.1
Deferred leasing charges			1.4		5.0		4.2

	Total	$	26.4	$	377.1	$	88.1

(a): All joint venture amounts at pro rata.

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Sales Per Square Foot(a)



	Wholly Owned Centers		Joint Venture Centers		Total Centers
06/30/2009	$	410	$	444	$	428
12/31/2008	$	420	$	460	$	441
12/31/2007(b)	$	448	$	486	$	467

(a): Sales are based on reports by retailers leasing mall and freestanding stores for the trailing 12 months for tenants which have occupied such stores for a minimum of 12 months. Sales per square foot are based on tenants 10,000 square feet and under for regional malls.
(b): Sales per square foot were $467 after giving effect to the Rochester Redemption, including The Shops at North Bridge and excluding the Community/Specialty Centers.

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Occupancy



Period Ended	Wholly Owned Regional Malls(a)			Joint Venture Regional Malls(a)			Total Regional Malls(a)
06/30/2009		90.3	%		90.7	%		90.5	%
12/31/2008		91.6	%		92.8	%		92.3	%
12/31/2007		92.8	%		93.3	%		93.1	%



Period Ended	Wholly Owned Centers(b)			Joint Venture Centers(b)			Total Centers(b)
06/30/2009		89.9	%		91.0	%		90.5	%
12/31/2008		91.3	%		93.1	%		92.3	%
12/31/2007		92.8	%		94.0	%		93.5	%

(a): Only includes regional malls. Occupancy data excludes space under development and redevelopment.
(b): Includes regional malls and community shopping centers. Occupancy data excludes space under development and redevelopment.

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Rent



		Average Base Rent PSF(a)		Average Base Rent PSF on Leases Commencing During the Period(b)		Average Base Rent PSF on Leases Expiring(c)
Wholly Owned Centers
	06/30/2009	$	42.74	$	41.45	$	35.49
	12/31/2008	$	41.39	$	42.70	$	35.14
	12/31/2007	$	38.49	$	43.23	$	34.21
Joint Venture Centers
	06/30/2009	$	42.68	$	46.70	$	36.65
	12/31/2008	$	42.14	$	49.74	$	37.61
	12/31/2007	$	38.72	$	47.12	$	34.87

(a): Average base rent per square foot is based on Mall and Freestanding Store GLA for spaces 10,000 square feet and under, occupied as of the applicable date, for each of the Centers owned by the Company. Leases for Promenade at Casa Grande, SanTan Village Power Center and SanTan Village Regional Center were excluded for Years 2007 and 2008. Leases for The Market at Estrella Falls and Santa Monica Place were excluded for Year 2008 and the six months ended June 30, 2009.
(b): The average base rent per square foot on lease signings commencing during the period represents the actual rent to be paid during the first twelve months for tenants 10,000 square feet and under. Lease signings for Promenade at Casa Grande, SanTan Village Power Center and SanTan Village Regional Center were excluded for Years 2007 and 2008. Lease signings for The Market at Estrella Falls and Santa Monica Place were excluded for Year 2008 and the six months ended June 30, 2009.
(c): The average base rent per square foot on leases expiring during the period represents the final year minimum rent, on a cash basis, for all tenant leases 10,000 square feet and under expiring during the year. Leases for Promenade at Casa Grande, SanTan Village Power Center and SanTan Village Regional Center were excluded for Years 2007 and 2008. Leases for The Market at Estrella Falls and Santa Monica Place were excluded for Year 2008 and the six months ended June 30, 2009.

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Cost of Occupancy



			For Years Ended December 31,
			2008			2007			2006
Wholly Owned Centers
	Minimum rents			8.9	%		8.0	%		8.1	%
	Percentage rents			0.4	%		0.4	%		0.4	%
	Expense recoveries(a)			4.4	%		3.8	%		3.7	%

		Total		13.7	%		12.2	%		12.2	%



			For Years Ended December 31,
			2008			2007			2006
Joint Venture Centers
	Minimum rents			8.2	%		7.3	%		7.2	%
	Percentage rents			0.4	%		0.5	%		0.6	%
	Expense recoveries(a)			3.9	%		3.2	%		3.1	%

		Total		12.5	%		11.0	%		10.9	%

(a): Represents real estate tax and common area maintenance charges.

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Summarized Balance Sheet Information



		June 30, 2009		December 31, 2008		December 31, 2007
		dollars in thousands
Cash and cash equivalents		$	57,889	$	66,529	$	85,273
Pro rata cash and cash equivalents on unconsolidated entities			47,805		91,103		56,194
Investment in real estate, net (a)			6,360,530		6,371,319		6,187,473
Investment in unconsolidated entities			1,034,166		1,094,845		785,643
	Total assets		7,968,948		8,090,435		7,937,097
Mortgage and notes payable (b)			5,957,140		5,940,418		5,703,180
Pro rata share of debt on unconsolidated entities			2,010,150		2,017,705		1,820,411

(a): Includes construction in process of $603,163 at June 30, 2009, $600,773 at December 31, 2008 and $442,670 at December 31, 2007.
(b): Reflects the Company's adoption of FSP APB 14-1 on January 1, 2009.

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Debt Summary (at Company's pro rata share)



		As of June 30, 2009
		Fixed Rate			Variable Rate(a)			Total
		dollars in thousands
Consolidated debt		$	4,229,660		$	1,660,334		$	5,889,994
Unconsolidated debt			1,811,194			198,956			2,010,150

	Total debt	$	6,040,854		$	1,859,290		$	7,900,144
Weighted average interest rate			6.08	%		2.21	%		5.17	%
Weighted average maturity (years)									3.37

(a): Excludes swapped floating rate debt. Swapped debt is included in the fixed debt category.

The Macerich Company
Supplemental Financial and Operating Information (Unaudited)
Outstanding Debt by Maturity Date

	As of June 30, 2009

Center/Entity (dollars in thousands)	Maturity Date		Effective Interest Rate (a)			Fixed		Floating		Total Debt Balance (a)
*I. Consolidated Assets:*
Carmel Plaza (b)		05/01/09		7.45	%	$	25,562	$	—	$	25,562
Macerich Partnership Line of Credit (c)		04/25/10		6.23	%		400,000		—		400,000
Macerich Partnership Term Loan (d)		04/26/10		6.50	%		442,500		—		442,500
Vintage Faire Mall		09/01/10		7.92	%		62,769		—		62,769
Santa Monica Place		11/01/10		7.79	%		77,274		—		77,274
Northridge Mall		01/01/11		8.20	%		72,000		—		72,000
Valley View Center		01/01/11		5.81	%		125,000		—		125,000
Danbury Fair Mall		02/01/11		4.64	%		166,524		—		166,524
Shoppingtown Mall		05/11/11		5.01	%		42,216		—		42,216
Capitola Mall		05/15/11		7.13	%		36,537		—		36,537
Freehold Raceway Mall		07/07/11		4.68	%		168,644		—		168,644
Pacific View		08/31/11		7.25	%		80,124		—		80,124
Pacific View		08/31/11		7.00	%		6,480		—		6,480
Rimrock Mall		10/01/11		7.57	%		41,799		—		41,799
Prescott Gateway		12/01/11		5.86	%		60,000		—		60,000
Hilton Village		02/01/12		5.27	%		8,556		—		8,556
The Macerich Company—Convertible Senior Notes (e)		03/15/12		5.41	%		613,324		—		613,324
Tucson La Encantada		06/01/12		5.84	%		78,000		—		78,000
Chandler Fashion Center		11/01/12		5.20	%		99,259		—		99,259
Chandler Fashion Center		11/01/12		6.00	%		65,529		—		65,529
Towne Mall		11/01/12		4.99	%		14,120		—		14,120
Deptford Mall		01/15/13		5.41	%		172,500		—		172,500
Queens Center		03/01/13		7.78	%		129,553		—		129,553
Queens Center		03/01/13		7.00	%		211,288		—		211,288
Greeley—Defeasance		09/01/13		6.34	%		26,699		—		26,699
FlatIron Crossing		12/01/13		5.26	%		182,435		—		182,435
Great Northern Mall		12/01/13		5.11	%		39,225		—		39,225
Fiesta Mall		01/01/15		4.98	%		84,000		—		84,000
Fresno Fashion Fair		08/01/15		6.76	%		168,502		—		168,502
Flagstaff Mall		11/01/15		5.03	%		37,000		—		37,000
South Towne Center		11/05/15		6.39	%		89,393		—		89,393
Valley River Center		02/01/16		5.59	%		120,000		—		120,000
Salisbury, Center at		05/01/16		5.83	%		115,000		—		115,000
Deptford Mall		06/01/16		6.46	%		15,547		—		15,547
Chesterfield Towne Center		01/01/24		9.07	%		53,260		—		53,260
South Plains Mall		03/01/29		9.49	%		57,469		—		57,469
Wilton Mall		11/01/29		4.79	%		41,572		—		41,572

Total Fixed Rate Debt for Consolidated Assets				6.11	%	$	4,229,660	$	—	$	4,229,660

La Cumbre Plaza		08/09/09		1.70	%	$	—	$	30,000	$	30,000
Promenade at Casa Grande (f)		08/16/09		1.77	%		—		49,325		49,325
Panorama Mall		02/28/10		1.37	%		—		50,000		50,000
Macerich Partnership Line of Credit		04/25/10		1.69	%		—		790,000		790,000
Cactus Power Center (g)		03/14/11		1.67	%		—		352		352
Twenty Ninth Street		03/25/11		5.45	%		—		106,225		106,225
Victor Valley, Mall of		05/06/11		2.18	%		—		100,000		100,000
Westside Pavilion		06/05/11		3.02	%		—		175,000		175,000
SanTan Village Regional Center (h)		06/13/11		3.02	%		—		112,676		112,676
Oaks, The		07/10/11		2.37	%		—		165,000		165,000
Oaks, The		07/10/11		3.02	%		—		81,756		81,756

Total Floating Rate Debt for Consolidated Assets				2.32	%	$	—	$	1,660,334	$	1,660,334

Total Debt for Consolidated Assets				5.04	%	$	4,229,660	$	1,660,334	$	5,889,994

*II. Unconsolidated Assets (At Company's pro rata share):*
Redmond Retail (51%)		09/01/09		4.81	%	$	35,794	$	—	$	35,794
Corte Madera, The Village at (50.1%)		11/01/09		7.75	%		31,749		—		31,749
Ridgmar (50%)		04/11/10		6.11	%		28,700		—		28,700
Kitsap Mall/Place (51%)		06/01/10		8.14	%		28,572		—		28,572
Cascade (51%)		07/01/10		5.28	%		19,610		—		19,610
Stonewood Mall (51%)		12/11/10		7.44	%		37,007		—		37,007
Inland Center (50%)		02/11/11		4.69	%		26,335		—		26,335
Arrowhead Towne Center (33.3%)		10/01/11		6.38	%		25,716		—		25,716
SanTan Village Power Center (34.9%)		02/01/12		5.33	%		15,705		—		15,705

	As of June 30, 2009

Center/Entity (dollars in thousands)	Maturity Date		Effective Interest Rate (a)			Fixed			Floating			Total Debt Balance (a)
NorthPark Center (50%)		05/10/12		5.96	%		91,400			—			91,400
NorthPark Center (50%)		05/10/12		8.33	%		40,818			—			40,818
NorthPark Land (50%)		05/10/12		8.33	%		39,426			—			39,426
Kierland Greenway (24.5%)		01/01/13		6.02	%		15,243			—			15,243
Kierland Main Street (24.5%)		01/02/13		4.99	%		3,725			—			3,725
Scottsdale Fashion Square (50%)		07/08/13		5.66	%		275,000			—			275,000
Tysons Corner Center (50%)		02/17/14		4.78	%		164,100			—			164,100
Redmond Office (51%)		05/15/14		7.52	%		31,563			—			31,563
Lakewood Mall (51%)		06/01/15		5.43	%		127,500			—			127,500
Broadway Plaza (50%)		08/15/15		6.12	%		74,252			—			74,252
Chandler Festival (50%)		11/01/15		6.39	%		14,850			—			14,850
Chandler Gateway (50%)		11/01/15		6.37	%		9,450			—			9,450
Washington Square (51%)		01/01/16		6.04	%		126,859			—			126,859
Eastland Mall (50%)		06/01/16		5.80	%		84,000			—			84,000
Empire Mall (50%)		06/01/16		5.81	%		88,150			—			88,150
Granite Run (50%)		06/01/16		5.84	%		58,710			—			58,710
Mesa Mall (50%)		06/01/16		5.82	%		43,625			—			43,625
Rushmore (50%)		06/01/16		5.82	%		47,000			—			47,000
Southern Hills (50%)		06/01/16		5.82	%		50,750			—			50,750
Valley Mall (50%)		06/01/16		5.85	%		22,859			—			22,859
North Bridge, The Shops at (50%)		06/15/16		7.52	%		102,500			—			102,500
West Acres (19%)		10/01/16		6.41	%		12,673			—			12,673
Biltmore Fashion Park (50%)		07/10/29		4.72	%		35,733			—			35,733
Wilshire Building (30%)		01/01/33		6.35	%		1,820			—			1,820

Total Fixed Rate Debt for Unconsolidated Assets				6.01	%	$	1,811,194		$	—		$	1,811,194

Superstition Springs Center (33.3%)		09/09/09		0.69	%		—			22,498			22,498
Camelback Colonnade (75%)		10/09/09		1.24	%		—			31,125			31,125
Metrocenter Mall (15%)		02/09/10		1.80	%		—			16,800			16,800
Metrocenter Mall (15%)		02/09/10		3.77	%		—			3,240			3,240
Desert Sky Mall (50%)		03/04/10		1.42	%		—			25,750			25,750
Kierland Tower Lofts (15%)		11/18/10		3.38	%		—			1,580			1,580
Boulevard Shops (50%)		12/17/10		1.22	%		—			10,700			10,700
Chandler Village Center (50%)		01/15/11		1.46	%		—			8,643			8,643
Market at Estrella Falls (35.1%)		06/01/11		2.45	%		—			12,320			12,320
Los Cerritos Center (51%)		07/01/11		1.02	%		—			66,300			66,300

Total Floating Rate Debt for Unconsolidated Assets				1.32	%	$	—		$	198,956		$	198,956

Total Debt for Unconsolidated Assets				5.54	%	$	1,811,194		$	198,956		$	2,010,150

Total Debt				5.17	%	$	6,040,854		$	1,859,290		$	7,900,144

Percentage to Total							76.47	%		23.53	%		100.00	%

(a): The debt balances include the unamortized debt premiums/discounts. Debt premiums/discounts represent the excess of the fair value of debt over the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The annual interest rate in the above table represents the effective interest rate, including the debt premiums/discounts and loan financing costs.
(b): The Company is currently in negotiations to extend this loan.
(c): This debt has an interest rate swap agreement which effectively fixed the interest rate from September 12, 2006 to April 25, 2011.
(d): As of August 3, 2009, the Company repaid $200.0 million of this debt. This debt has an interest rate swap agreement which effectively fixed the interest rate from December 1, 2005 to April 15, 2010.
(e): These convertible senior notes were issued on 3/16/07 in an aggregate amount of $950.0 million. The above table includes the unamortized discount of $29.5 million and the annual interest rate represents the effective interest rate, including the discount. Year-to-date June 30, 2009, the Company retired $84.3 million of the notes. Additionally, as a result of the adoption of FSP APB 14-1 on January 1, 2009, the Company allocated $34.8 million of the initial loan amount to equity as of the date of the adoption.
(f): This property is a consolidated joint venture. The above debt balance represents the Company's pro rata share of 51.3%.
(g): This property is a consolidated joint venture. The above debt balance represents the Company's pro rata share of 53.1%.
(h): This property is a consolidated joint venture. The above debt balance represents the Company's pro rata share of 84.9%.

The Macerich Company
Supplemental Financial and Operating Information (Unaudited)
2009 SUMMARY OF FINANCING ACTIVITY (at Company's pro rata share)

Center/Entity (dollars in thousands)			Maturity Date	Total Debt Maturing in 2009 (Balance as of 6/30/09 or refinanced balance)		Less Debt with Extension Options		Net Debt Refinanced or Maturing in 2009		Estimated New Proceeds (a)		Estimated Net Proceeds Over Existing Loan Amount

	2009 closed financings/commitments:
Corte Madera, The Village at (50.1%) (b)			11/01/09	$	31,749			$	31,749	$	40,000	$	8,251
North Bridge, The Shops at (50%) (c)			06/15/16		102,500				102,500		102,500		—
Northgate Mall (d)									—		30,000		30,000
Northridge Mall (e)			01/01/11		78,898				78,898		72,000		(6,898	)
Paradise Valley Mall (f)					20,000				20,000		90,000		70,000
Queens Center (g)			03/01/13		88,651				88,651		130,000		41,349
Redmond Town Center—Office (51%) (h)			05/15/14		30,485				30,485		31,620		1,135
Redmond Town Center—Retail (51%) (i)			09/01/09		35,794				35,794		38,000		2,206
Twenty Ninth Street (j)			03/25/11		106,225				106,225		106,225		—
Washington Square (51%) (k)			01/01/16		64,261				64,261		127,500		63,239

		Subtotal—closed or committed:						$	558,563	$	767,845	$	209,282

	2009 remaining loans maturing:
Carmel Plaza (l)			05/01/09	$	25,562				25,562		23,562		(2,000	)
La Cumbre Plaza (l)			08/09/09		30,000				30,000		21,400		(8,600	)

		Subtotal—remaining 2009 maturities						$	55,562	$	44,962	$	(10,600	)

	Expected fundings under existing loans and new construction loans:
Los Cerritos Center (51%) (m)									—		35,700		35,700
The Oaks									—		25,000		25,000
	2009 remaining maturities with extension options:
Camelback Colonnade (75%) (n)			10/09/09		31,125		31,125		—		—		—
Promenade at Casa Grande (51.3%) (n)			08/16/09		49,325		49,325		—		—		—
Superstition Springs Center (33.3%) (n)			09/09/09		22,498		22,498		—		—		—

Total / Average				$	717,073	$	102,948	$	614,125	$	873,507	$	259,382

(a): Much of this information is estimated and may change from time to time. See the Company's Forward Looking Statements disclosure on page 1 for factors that may effect the information provided in this table.
(b): The Company's joint venture has agreed to an $80 million refinancing that is expected to close in October 2009.
(c): The Company's joint venture closed a $205 million refinancing at a fixed rate of 7.50% that matures on June 15, 2016.
(d): The Company has negotiated an $80 million construction loan at LIBOR + 4.50%, with an all-in interest rate floor of 6.0%. This transaction is expected to close in September 2009.
(e): The Company extended this loan to January 1, 2011 for $72.0 million at a fixed rate of 7.50%.
(f): The Company repaid the existing debt totaling $20.0 million on May 1, 2009, and has secured a refinance commitment for $90 million at LIBOR + 4.0% (with a LIBOR floor of 1.50%) that is expected to close in August 2009.
(g): The Company refinanced this loan on a portion of Queens Center on February 1, 2009 with a new loan for $130 million at a fixed rate of 7.50% that matures on March 1, 2013.
(h): The Company's joint venture closed a $62.0 million refinancing on May 11, 2009 for five years at a fixed rate of 7.50%.
(i): The Company's joint venture has agreed to a $150.0 million loan at LIBOR + 4.0% (with a 2.0% LIBOR floor) to refinance Redmond Town Center—Retail, Cascade Mall and Kitsap Mall. This transaction is expected to close in August 2009.
(j): The Company refinanced this loan on March 25, 2009 for $115 million, including an earn-out, for two years with a one-year extension option at a floating rate of LIBOR + 3.40% with an all-in interest rate floor of 5.25%.
(k): The Company's joint venture refinanced this loan on December 10, 2008 with a new loan for $250.0 million at a fixed rate of 6.0% that matures on January 1, 2016.
(l): The Company is currently in negotiations to extend this loan.
(m): This anticipates the exercise of an accordion funding from the existing mortgage, expected to close in August 2009.
(n): These loans have extension options that have not yet been formally exercised by the Company's joint ventures.

The Macerich Company
Supplemental Financial and Operating Information (Unaudited)
2010 SUMMARY OF FINANCING ACTIVITY (at Company's pro rata share)

Center/Entity (dollars in thousands)			Maturity Date	Total Debt Maturing in 2010 (Balance as of 6/30/09)		Less Debt with Extension Options		Net Debt Maturing in 2010		Estimated New Proceeds (a)		Estimated Net Proceeds Over Existing Loan Amount

	2010 commitments:
Cascade Mall (51%) (b)			07/01/10	$	19,610			$	19,610	$	10,500	$	(9,110	)
Kitsap Mall/Place (51%) (b)			06/01/10		28,572				28,572		28,000		(572	)

		Subtotal—committed:						$	48,182	$	38,500	$	(9,682	)

	2010 loans maturing:
Boulevard Shops (50%)			12/17/10		10,700				10,700		10,000		(700	)
Camelback Colonnade (75%)			10/09/10		31,125				31,125		37,500		6,375
Kierland Tower Lofts (15%)			11/18/10		1,597				1,597		—		(1,597	)
Metrocenter Mall (15%)			02/09/10		20,040				20,040		6,750		(13,290	)
Ridgmar (50%)			04/11/10		28,700				28,700		25,500		(3,200	)
Santa Monica Place			11/01/10		77,274				77,274		175,000		97,726
Stonewood Mall (51%)			12/11/10		37,007				37,007		58,000		20,993
Vintage Faire Mall			09/01/10		62,769				62,769		141,000		78,231

		Subtotal—remaining 2010 maturities						$	269,212	$	453,750	$	184,538

	Expected fundings under existing or committed development loans:
Northgate Mall									—		30,000		30,000
The Oaks									—		35,000		35,000
2010 loans with extension options:
Desert Sky Mall (50%)			03/04/10		25,750		25,750		—		—		—
Panorama Mall			02/28/10		50,000		50,000		—		—		—
Promenade at Casa Grande (51.3%)			08/16/10		49,325		49,325		—		—		—
Superstition Springs Center (33.3%)			09/09/10		22,498		22,498		—		—		—

Total / Average—Property Secured Loans				$	464,967	$	147,573	$	317,394	$	557,250	$	239,856

	Corporate unsecured debt maturing:
Macerich Partnership—Line of Credit (c)			4/25/2011	$	1,190,000	$	1,190,000		—
Macerich Partnership—Term Loan (d)			4/26/2010	$	442,500			$	442,500

(a): Much of this information is estimated and may change from time to time. See the Company's Forward Looking Statements disclosure on page 1 for factors that may effect the information provided in this table.
(b): The Company's joint venture has agreed to a $150.0 million loan at LIBOR + 4.0% (with a 2.0% LIBOR floor) to refinance Redmond Town Center—Retail, Cascade Mall and Kitsap Mall. This transaction is expected to close in August 2009.
(c): The Company anticipates it will exercise a one-year extension option on its revolving line of credit from April 25, 2010 to April 25, 2011.
(d): As of August 3, 2009, the Company repaid $200.0 million of this debt. The Company anticipates repaying the remainder of this term loan with a combination of cash, the revolving line of credit and other liquidity events.

The Macerich Company
Supplemental Financial and Operating Information
Development Pipeline Forecast
as of June 30, 2009

															Placed in Service		Estimated Year Placed in Service (a)

															2008		2009		2010
									Estimated Pro rata Project Cost (a)		Estimated Completion Date (a)				2008		2009		2010
Property	Project Type	Estimated Project Size (a)		Estimated Total Project Cost (a)		Ownership %			Estimated Pro rata Project Cost (a)		Estimated Completion Date (a)		Pro rata Spent to Date as of 6/30/09		Pro rata Cost		Pro rata Cost		Pro rata Cost
		Square Feet		(dollars in thousands)					(dollars in thousands)				(dollars in thousands)
REDEVELOPMENT
Scottsdale Fashion Square	Expansion—Barneys New York		170,000	$	143,000		50	%	$	71,500		2009/2010	$	51,000			$	60,775	$	10,725
The Oaks	Expansion and Nordstrom		97,288		235,000		100	%		235,000		2008/2009		221,000	$	170,000		65,000
FlatIron Crossing	Redevelopment—Former Lord & Taylor		100,000		17,000		100	%		17,000		2009/2010		12,000				14,000		3,000
Northgate Mall	New Retail Development		725,000		79,000		100	%		79,000		2009/2010		40,000				50,000		29,000
Santa Monica Place	New Mall Development		550,000		265,000		100	%		265,000		2010		117,000						265,000
Fiesta Mall	Anchor Replacement		110,000		50,000		100	%		50,000		2009		42,000				50,000
Lakewood Mall	Anchor Addition—Costco		160,000		27,000		51	%		13,770		2009		13,700				13,770
Los Cerritos	Anchor Expansion—Nordstrom		36,500		56,000		51	%		28,560		2010		14,000						28,560

TOTAL			1,948,788	$	872,000				$	759,830			$	510,700	$	170,000	$	253,545	$	336,285
LESS COSTS INCURRED THROUGH 6/30/09															$	170,000	$	209,700	$	131,000

NET COSTS REMAINING TO BE INCURRED															$	—	$	43,845	$	205,285

(a)—Much of this information is estimated and may change from time to time. See the Company's Forward Looking Statements disclosure on page 1 for factors that may effect the information provided in this table.

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Exhibit 99.2

The Macerich Company (MAC) 8-KResults of Operations and Financial Condition