The Macerich Company 8K Results of Operations and Financial Condition | MAC 11 Feb 10

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Exhibit 99.2

Supplemental Financial Information
For the three months and twelve months ended December 31, 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
Top Ten Tenants		14

This supplemental financial information should be read in connection with the Company's fourth quarter 2009 earnings announcement (included as Exhibit 99.1 of the Company's Current Report on 8-K, event date February 11, 2010) 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 December 31, 2009, the Operating Partnership owned or had an ownership interest in 72 regional malls and 14 community shopping centers aggregating approximately 75 million square feet of gross leasable area ("GLA"). These 86 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


	12/31/2009			12/31/2008			12/31/2007
	dollars in thousands except per share data
Closing common stock price per share	$	35.95		$	18.16		$	71.06
52 week high	$	38.22		$	76.50		$	103.59
52 week low	$	5.45		$	8.31		$	69.44
Shares outstanding at end of period
Class A participating convertible preferred units		—			—			2,855,393
Class A non-participating convertible preferred units		205,757			193,164			219,828
Series A cumulative convertible redeemable preferred stock		—			—			3,067,131
Common shares and partnership units		108,658,421			88,529,334			84,864,600

Total common and equivalent shares/units outstanding		108,864,178			88,722,498			91,006,952

Portfolio capitalization data
Total portfolio debt, including joint ventures at pro rata	$	6,563,706		$	7,926,241		$	7,507,559
Equity market capitalization		3,913,667			1,611,201			6,466,954

Total market capitalization	$	10,477,373		$	9,537,442		$	13,974,513

Floating rate debt as a percentage of total debt		16.0	%		21.9	%		14.8	%

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

Conversion of partnership units to cash	(4,100	)	—	—	(4,100	)
Issuance of stock/partnership units from stock dividends, stock option exercises, restricted stock issuance or other share- or unit-based plans	72,776		1,661,373	3,756	1,737,905

Balance as of September 30, 2009	11,915,687		80,976,775	202,138	93,094,600

Conversion of partnership units to common shares	(13,888	)	14,340	—	452
Conversion of partnership units to cash	(7,268	)	—	—	(7,268	)
Common Stock Offering	—		13,800,000	—	13,800,000
Issuance of stock/partnership units from stock dividends, stock option exercises, restricted stock issuance or other share- or unit-based plans	96,200		1,876,575	3,619	1,976,394

Balance as of December 31, 2009	11,990,731		96,667,690	205,757	108,864,178

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

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



	As of December 31,
	2009		2008
Straight line rent receivable	$	67.9	$	66.3



	For the Three Months Ended December 31,						For the Twelve Months Ended December 31,
	2009			2008			2009		2008
	dollars in millions
Lease termination fees	$	7.5		$	3.6		$	21.8	$	12.4
Straight line rental income	$	3.5		$	0.9		$	10.7	$	8.7
Gain on sales of undepreciated assets	$	1.3		$	0.3		$	4.6	$	3.8
Amortization of acquired above- and below-market leases	$	3.3		$	14.2		$	13.7	$	27.4
Amortization of debt premiums/(discounts)(b)	$	(0.6	)	$	(0.3	)	$	0.1	$	(2.7	)
Interest capitalized	$	7.1		$	8.3		$	26.4	$	37.0

(a): All joint venture amounts included at pro rata.
(b): Reflects the Company's adoption of a new accounting pronouncement on convertible debt on January 1, 2009.

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Capital Expenditures



		Year Ended 12/31/2009		Year Ended 12/31/2008		Year Ended 12/31/2007
		dollars in millions
Consolidated Centers
Acquisitions of property and equipment		$	11.0	$	87.5	$	387.9
Development, redevelopment and expansions of Centers			216.6		446.1		545.9
Renovations of Centers			9.6		8.5		31.1
Tenant allowances			10.8		14.7		28.0
Deferred leasing charges			20.0		22.3		21.6

	Total	$	268.0	$	579.1	$	1,014.5

Unconsolidated Joint Venture Centers(a)
Acquisitions of property and equipment		$	5.4	$	294.4	$	24.8
Development, redevelopment and expansions of Centers			57.0		60.8		33.5
Renovations of Centers			4.2		3.1		10.5
Tenant allowances			5.1		13.8		15.1
Deferred leasing charges			3.8		5.0		4.2

	Total	$	75.5	$	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)



	Consolidated Centers		Unconsolidated Joint Venture Centers		Total Centers
12/31/2009	$	368	$	440	$	407
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	Consolidated Centers Regional Malls(a)			Unconsolidated Joint Venture Centers Regional Malls(a)			Total Regional Malls(a)
12/31/2009		91.2	%		91.3	%		91.3	%
12/31/2008		91.6	%		92.8	%		92.3	%
12/31/2007		92.8	%		93.3	%		93.1	%



Period Ended	Consolidated Centers(b)			Unconsolidated Joint Venture Centers(b)			Total Centers(b)
12/31/2009		90.7	%		91.4	%		91.1	%
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 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 Executed During the Period(b)		Average Base Rent PSF on Leases Expiring(c)
Consolidated Centers
	12/31/2009	$	37.77	$	38.15	$	34.10
	12/31/2008	$	41.39	$	42.70	$	35.14
	12/31/2007	$	38.49	$	43.23	$	34.21
Unconsolidated Joint Venture Centers
	12/31/2009	$	45.56	$	43.52	$	37.56
	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 Years 2008 and 2009.
(b): The average base rent per square foot on lease signings executed 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 Years 2008 and 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 Years 2008 and 2009.

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Cost of Occupancy



			For Years Ended December 31,
			2009			2008			2007
Consolidated Centers
	Minimum rents			9.1	%		8.9	%		8.0	%
	Percentage rents			0.4	%		0.4	%		0.4	%
	Expense recoveries(a)			4.7	%		4.4	%		3.8	%

		Total		14.2	%		13.7	%		12.2	%



			For Years Ended December 31,
			2009			2008			2007
Unconsolidated Joint Venture Centers
	Minimum rents			9.4	%		8.2	%		7.3	%
	Percentage rents			0.4	%		0.4	%		0.5	%
	Expense recoveries(a)			4.3	%		3.9	%		3.2	%

		Total		14.1	%		12.5	%		11.0	%

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

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Summarized Balance Sheet Information



		December 31, 2009		December 31, 2008		December 31, 2007
		dollars in thousands
Cash and cash equivalents		$	93,255	$	66,529	$	85,273
Pro rata cash and cash equivalents on unconsolidated centers		$	71,335	$	91,103	$	56,194
Investment in real estate, net (a)		$	5,657,939	$	6,371,319	$	6,187,473
Investment in unconsolidated centers		$	1,046,196	$	1,094,845	$	785,643
	Total assets	$	7,252,471	$	8,090,435	$	7,937,097
Mortgage and notes payable (b)		$	4,531,634	$	5,940,418	$	5,703,180
Pro rata share of debt on unconsolidated centers		$	2,258,738	$	2,017,705	$	1,820,411

(a): Includes construction in process of $583,334 at December 31, 2009, $600,773 at December 31, 2008 and $442,670 at December 31, 2007.
(b): Reflects the Company's adoption of a new accounting pronouncement on convertible debt on January 1, 2009.

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Debt Summary (at Company's pro rata share)



		As of December 31, 2009
		Fixed Rate			Floating Rate(a)			Total
		dollars in thousands
Consolidated debt		$	3,527,146		$	777,822		$	4,304,968
Unconsolidated debt			1,987,603			271,135			2,258,738

	Total debt	$	5,514,749		$	1,048,957		$	6,563,706
Weighted average interest rate			6.24	%		2.74	%		5.68	%
Weighted average maturity (years)									3.1

(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 December 31, 2009

Center/Entity (dollars in thousands)	Maturity Date		Effective Interest Rate(a)			Fixed		Floating		Total Debt Balance(a)
I. Consolidated Assets:
Macerich Partnership Line of Credit(b)		04/25/10		6.33	%	$	655,000	$	—	$	655,000
Carmel Plaza		05/01/10		8.15	%		24,309		—		24,309
Vintage Faire Mall		09/01/10		7.92	%		62,186		—		62,186
Santa Monica Place		11/01/10		7.79	%		76,652		—		76,652
Northridge Mall		01/01/11		8.20	%		71,486		—		71,486
Valley View Center		01/01/11		5.81	%		125,000		—		125,000
Danbury Fair Mall		02/01/11		4.64	%		163,111		—		163,111
Twenty Ninth Street(c)		03/25/11		10.02	%		106,703				106,703
Shoppingtown Mall		05/11/11		5.01	%		41,381		—		41,381
Capitola Mall		05/15/11		7.13	%		35,550		—		35,550
Freehold Raceway Mall(d)		07/07/11		4.68	%		82,939		—		82,939
Oaks, The(c)		07/10/11		6.90	%		88,297		—		88,297
Pacific View		08/31/11		7.25	%		79,371		—		79,371
Pacific View		08/31/11		7.00	%		6,426		—		6,426
Rimrock Mall		10/01/11		7.57	%		41,430		—		41,430
Prescott Gateway		12/01/11		5.86	%		60,000		—		60,000
Hilton Village		02/01/12		5.27	%		8,564		—		8,564
The Macerich Company—Convertible Senior Notes(e)		03/15/12		5.41	%		614,245		—		614,245
Tucson La Encantada		06/01/12		5.84	%		77,497		—		77,497
Chandler Fashion Center(d)		11/01/12		5.21	%		49,173		—		49,173
Chandler Fashion Center(d)		11/01/12		6.00	%		32,504		—		32,504
Towne Mall		11/01/12		4.99	%		13,869		—		13,869
Deptford Mall		01/15/13		5.41	%		172,500		—		172,500
Greeley—Defeasance		09/01/13		6.34	%		26,353		—		26,353
Great Northern Mall		12/01/13		5.11	%		38,854		—		38,854
Fiesta Mall		01/01/15		4.98	%		84,000		—		84,000
Fresno Fashion Fair		08/01/15		6.76	%		167,561		—		167,561
Flagstaff Mall		11/01/15		5.03	%		37,000		—		37,000
South Towne Center		11/05/15		6.39	%		88,854		—		88,854
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	%		15,451		—		15,451
Chesterfield Towne Center		01/01/24		9.07	%		52,369		—		52,369
South Plains Mall		03/01/29		9.49	%		53,936		—		53,936
Wilton Mall		11/01/29		11.08	%		39,575		—		39,575

Total Fixed Rate Debt for Consolidated Assets				6.27	%	$	3,527,146	$	—	$	3,527,146

Panorama Mall		02/28/10		1.31	%	$	—	$	50,000	$	50,000
Promenade at Casa Grande(f)		08/16/10		1.70	%		—		44,426		44,426
La Cumbre Plaza		12/09/10		2.11	%		—		30,000		30,000
Victor Valley, Mall of		05/06/11		2.09	%		—		100,000		100,000
Westside Pavilion		06/05/11		3.24	%		—		175,000		175,000
SanTan Village Regional Center(g)		06/13/11		2.93	%		—		115,625		115,625
Oaks, The		07/10/11		2.28	%		—		165,000		165,000
Oaks, The		07/10/11		2.83	%		—		3,927		3,927
Paradise Valley Mall		08/31/12		6.30	%		—		85,000		85,000
Northgate Mall		01/01/13		6.90	%		—		8,844		8,844

Total Floating Rate Debt for Consolidated Assets				2.96	%	$	—	$	777,822	$	777,822

Total Debt for Consolidated Assets				5.67	%	$	3,527,146	$	777,822	$	4,304,968

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

	As of December 31, 2009

Center/Entity (dollars in thousands)	Maturity Date		Effective Interest Rate(a)			Fixed			Floating			Total Debt Balance(a)
II. Unconsolidated Assets (At Company's pro rata share):
Ridgmar (50%)		04/11/10		6.11	%	$	28,700		$	—		$	28,700
Kitsap Mall/Place (51%)		06/01/10		8.14	%		28,342			—			28,342
Cascade (51%)		07/01/10		5.28	%		19,435			—			19,435
Stonewood Mall (51%)		12/11/10		7.44	%		36,749			—			36,749
Inland Center (50%)		02/11/11		5.06	%		25,602			—			25,602
Arrowhead Towne Center (33.3%)		10/01/11		6.38	%		25,416			—			25,416
SanTan Village Power Center (34.9%)		02/01/12		5.33	%		15,705			—			15,705
NorthPark Center (50%)		05/10/12		5.97	%		90,660			—			90,660
NorthPark Center (50%)		05/10/12		8.33	%		40,514			—			40,514
NorthPark Land (50%)		05/10/12		8.33	%		39,133			—			39,133
Kierland Greenway (24.5%)		01/01/13		6.02	%		15,035			—			15,035
Kierland Main Street (24.5%)		01/02/13		4.99	%		3,696			—			3,696
Queens Center (51%)		03/01/13		7.78	%		65,602			—			65,602
Queens Center (51%)		03/01/13		7.00	%		106,708			—			106,708
Scottsdale Fashion Square (50%)		07/08/13		5.66	%		275,000			—			275,000
FlatIron Crossing (25%)		12/01/13		5.26	%		45,144			—			45,144
Tysons Corner Center (50%)		02/17/14		4.78	%		162,411			—			162,411
Redmond Office (51%)		05/15/14		7.52	%		31,213			—			31,213
Biltmore Fashion Park (50%)		10/01/14		8.25	%		29,967			—			29,967
Lakewood Mall (51%)		06/01/15		5.43	%		127,500			—			127,500
Broadway Plaza (50%)		08/15/15		6.12	%		73,785			—			73,785
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	%		126,068			—			126,068
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	%		58,291			—			58,291
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	%		22,670			—			22,670
North Bridge, The Shops at (50%)		06/15/16		7.52	%		102,037			—			102,037
West Acres (19%)		10/01/16		6.41	%		12,543			—			12,543
Corte Madera, The Village at (50.1%)		11/01/16		7.27	%		40,048			—			40,048
Wilshire Building (30%)		01/01/33		6.35	%		1,804			—			1,804

Total Fixed Rate Debt for Unconsolidated Assets				6.18	%	$	1,987,603		$	—		$	1,987,603

Metrocenter Mall (15%)		02/09/10		1.71	%		—			16,800			16,800
Metrocenter Mall (15%)		02/09/10		3.68	%		—			3,240			3,240
Desert Sky Mall (50%)		03/04/10		1.33	%		—			25,750			25,750
Superstition Springs Center (33.3%)		09/09/10		0.60	%		—			22,498			22,498
Camelback Colonnade (75%)		10/09/10		1.11	%		—			31,125			31,125
Kierland Tower Lofts (15%)		11/18/10		3.25	%		—			1,049			1,049
Boulevard Shops (50%)		12/17/10		1.15	%		—			10,700			10,700
Chandler Village Center (50%)		01/15/11		1.43	%		—			8,643			8,643
Market at Estrella Falls (32.9%)		06/01/11		2.52	%		—			11,590			11,590
Los Cerritos Center (51%)		07/01/11		1.12	%		—			102,000			102,000
Pacific Premier Retail Trust (51%)		08/21/11		7.28	%		—			37,740			37,740

Total Floating Rate Debt for Unconsolidated Assets				2.10	%	$	—		$	271,135		$	271,135

Total Debt for Unconsolidated Assets				5.69	%	$	1,987,603		$	271,135		$	2,258,738

Total Debt				5.68	%	$	5,514,749		$	1,048,957		$	6,563,706

Percentage to Total							84.02	%		15.98	%		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): This debt has two interest rate swap agreements which effectively fixed the interest rate on $255.0 million until April 15, 2010 and the remaining $400.0 million until April 25, 2011. The Company is in the process of exercising the available one-year extension option under this facility that will extend the maturity date through April 25, 2011.
(c): This debt has an interest rate swap agreement which effectively fixed the interest rate until April 15, 2010.
(d): This property is a consolidated joint venture. The above debt balance represents the Company's pro rata share of 50.1%.
(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 $23.9 million and the annual interest rate represents the effective interest rate, including the discount. In 2009, the Company retired $89.1 million of the notes. Additionally, as a result of the adoption of a new accounting pronouncement on convertible debt 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 84.9%.

The Macerich Company
Supplemental Financial and Operating Information (Unaudited)
Top Ten Tenants

The following tenants (including their subsidiaries) represent the 10 largest tenants in the Company's portfolio (including joint ventures) based upon rents in place as of December 31, 2009.

Tenant	Primary DBA's

Gap Inc.	Gap, Banana Republic, Old Navy	94	2.5	%
Limited Brands, Inc.	Victoria Secret, Bath and Body	144	2.4	%
Forever 21, Inc.	Forever 21, XXI Forever	48	1.9	%
Foot Locker, Inc.	Footlocker, Champs Sports, Lady Footlocker	143	1.7	%
Abercrombie and Fitch Co.	Abercrombie & Fitch, Abercrombie, Hollister	81	1.6	%
AT&T Mobility LLC(1)	AT&T Wireless, Cingular Wireless	29	1.3	%
Luxottica Group	Lenscrafters, Sunglass Hut	156	1.3	%
American Eagle Outfitters, Inc.	American Eagle Outfitters	66	1.3	%
Macy's, Inc.	Macy's, Bloomingdale's	65	1.0	%
Signet Group PLC	Kay Jewelers, Weisfield Jewelers	76	1.0	%

(1): Includes AT&T Mobility office headquarters located at Redmond Town Center.

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Exhibit 99.2

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