The Macerich Company 8K Results of Operations and Financial Condition | MAC 1 May 13

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Exhibit 99.2

Supplemental Financial Information
For the three months ended March 31, 2013

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		4-9
Unaudited Pro Rata Statement of Operations		5
Notes to Unaudited Pro Rata Statement of Operations		6
Unaudited Pro Rata Balance Sheet		7
Supplemental FFO information		8
Capital expenditures		9
Operational Data		10-24
Sales per square foot		10
Sales per square foot by Property Ranking		11-15
Occupancy		16
Average base rent per square foot		17
Cost of occupancy		18
Percentage of Net Operating Income by State		19
Property listing		20-24
Joint venture list		25-26
Debt Tables		27-29
Debt summary		27
Outstanding debt by maturity date		28-29
Development Pipeline Forecast		30
Corporate Information		31

This Supplemental Financial Information should be read in connection with the Company's first quarter 2013 earnings announcement (included as Exhibit 99.1 of the Company's Current Report on 8-K, event date May 1, 2013) 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 March 31, 2013, the Operating Partnership owned or had an ownership interest in 61 regional shopping centers and nine community/power shopping centers aggregating approximately 64 million square feet of gross leasable area ("GLA"). These 70 centers are referred to hereinafter as the "Centers", unless the context requires otherwise.

The Company is negotiating with the loan servicer for Fiesta Mall, which will likely result in a transition of the asset to the loan servicer or a receiver. Consequently, Fiesta Mall has been excluded from certain Non-GAAP operating measures in 2013, including Sales per square foot, Occupancy, Average Base Rent per square foot and Cost of Occupancy as well as our Property Listing.

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 constituting forward-looking statements and includes expectations regarding the Company's future operational results as well as 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, which will, among other things, affect demand for retail space or retail goods, availability and creditworthiness of current and prospective tenants, anchor or tenant bankruptcies, closures, mergers or consolidations, lease rates, terms and payments, interest rate fluctuations, availability, terms and cost of financing, operating expenses, and competition; 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; 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 or other acts of violence 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, 2012, 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


	3/31/2013			12/31/2012			12/31/2011
	dollars in thousands, except per share data
Closing common stock price per share	$	64.38		$	58.30		$	50.60
52 week high	$	64.47		$	62.83		$	56.50
52 week low	$	54.32		$	49.67		$	38.64
Shares outstanding at end of period
Class A non-participating convertible preferred units		184,304			184,304			208,640
Common shares and partnership units		147,845,207			147,601,848			143,178,521

Total common and equivalent shares/units outstanding		148,029,511			147,786,152			143,387,161

Portfolio capitalization data
Total portfolio debt, including joint ventures at pro rata	$	7,069,863		$	6,620,507		$	5,903,805
Equity market capitalization		9,530,140			8,615,933			7,255,390

Total market capitalization	$	16,600,003		$	15,236,440		$	13,159,195

Leverage ratio(a)		42.6	%		43.5	%		44.9	%

(a): Debt as a percentage of market capitalization.

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Changes in Total Common and Equivalent Shares/Units



	Partnership Units			Company Common Shares		Class A Non-Participating Convertible Preferred Units		Total Common and Equivalent Shares/ Units
Balance as of December 31, 2012		10,094,838			137,507,010		184,304		147,786,152

Conversion of partnership units to cash		(16,662	)		—		—		(16,662	)
Conversion of partnership units to common shares		(61,372	)		61,372		—		—
Issuance of stock/partnership units from restricted stock issuance or other share- or unit-based plans		200,000			60,021		—		260,021

Balance as of March 31, 2013		10,216,804			137,628,403		184,304		148,029,511

On the following pages, the Company presents its unaudited pro rata statement of operations and unaudited pro rata balance sheet reflecting the Company's proportionate ownership of each asset in its portfolio. The Company also reconciles net income attributable to the Company to funds from operations ("FFO") and FFO-diluted for the three months ended March 31, 2013.

The Macerich Company

Unaudited Pro Rata Statement of Operations

(Dollars in thousands)



	For the Three Months Ended March 31, 2013
	Consolidated			Non- Controlling Interests(1)			Company's Consolidated Share			Company's Share of Joint Ventures(2)			Company's Total Share
Revenues:
Minimum rents	$	149,157		$	(7,743	)	$	141,414		$	55,054		$	196,468
Percentage rents		4,377			(178	)		4,199			1,411			5,610
Tenant recoveries		85,324			(4,610	)		80,714			26,420			107,134
Management Companies' revenues		10,148			—			10,148			—			10,148
Other income		13,776			(485	)		13,291			5,921			19,212

Total revenues		262,782			(13,016	)		249,766			88,806			338,572

Expenses:
Shopping center and operating expenses		85,372			(3,758	)		81,614			30,469			112,083
Management Companies' operating expenses		23,149			—			23,149			—			23,149
REIT general and administrative expenses		6,024			—			6,024			—			6,024
Depreciation and amortization		93,160			(4,534	)		88,626			21,331			109,957
Interest expense		53,696			(2,760	)		50,936			18,872			69,808

Total expenses		261,401			(11,052	)		250,349			70,672			321,021
Equity in income of unconsolidated joint ventures		18,115			—			18,115			(18,115	)		—
Co-venture expense		(2,041	)		2,041			—			—			—
Income tax benefit		243			—			243			—			243
Gain (loss) on remeasurement, sale or write down of assets, net		4,828			(3,172	)		1,656			(19	)		1,637

Income from continuing operations		22,526			(3,095	)		19,431			—			19,431

Discontinued operations:
Gain on sale or write down of assets		6			—			6			—			6
Loss from discontinued operations		(2	)		—			(2	)		—			(2	)

Income from discontinued operations		4			—			4			—			4

Net income		22,530			(3,095	)		19,435			—			19,435
Less net income attributable to noncontrolling interests		4,438			(3,095	)		1,343			—			1,343

Net income attributable to the Company	$	18,092		$	—		$	18,092		$	—		$	18,092

Reconciliation of net income attributable to the Company to FFO(3):
Net income attributable to the Company							$	18,092		$	—		$	18,092
Equity in income of unconsolidated joint ventures								(18,115	)		18,115		$	—
Adjustments to reconcile net income to FFO—basic and diluted:
Noncontrolling interests in the Operating Partnership								1,343			—		$	1,343
(Gain) loss on remeasurement, sale or write down of assets								(1,662	)		19		$	(1,643	)
Gain (loss) on sale of undepreciated assets								2,248			(2	)	$	2,246
Depreciation and amortization of all property								88,626			21,331		$	109,957
Depreciation on personal property								(2,487	)		(533	)	$	(3,020	)

Total FFO—Basic and diluted							$	88,045		$	38,930		$	126,975

The Macerich Company

Notes to Unaudited Pro Rata Statement of Operations

(1): This represents the non-owned portion of consolidated joint ventures.
(2): This represents the Company's pro rata share of unconsolidated joint ventures.
(3): The Company uses FFO in addition to net income to report its operating and financial results and considers FFO and FFO-diluted as supplemental measures for the real estate industry and a supplement to Generally Accepted Accounting Principles ("GAAP") measures. The National Association of Real Estate Investment Trusts ("NAREIT") defines FFO as net income (loss) (computed in accordance with GAAP), excluding gains (or losses) from extraordinary items and sales of depreciated operating properties, plus real estate related depreciation and amortization, impairment write-downs of real estate and write-downs of investments in an affiliate where the write-downs have been driven by a decrease in the value of real estate held by the affiliate and after adjustments for unconsolidated joint ventures. Adjustments for unconsolidated joint ventures are calculated to reflect FFO on the same basis.

FFO and FFO on a diluted basis are useful to investors in comparing operating and financial results between periods. This is especially true since FFO excludes real estate depreciation and amortization, as the Company believes real estate values fluctuate based on market conditions rather than depreciating in value ratably on a straight-line basis over time. FFO on a diluted basis is a measure investors find most useful in measuring the dilutive impact of outstanding convertible securities. FFO does not represent cash flow from operations as defined by GAAP, should not be considered as an alternative to net income (loss) as defined by GAAP, and are not indicative of cash available to fund all cash flow needs. The Company also cautions that FFO as presented, may not be comparable to similarly titled measures reported by other real estate investment trusts.

Management compensates for the limitations of FFO by providing investors with financial statements prepared according to GAAP, along with a detailed discussion of FFO and a reconciliation of FFO and FFO-diluted to net income attributable to the Company. Management believes that to further understand the Company's performance, FFO should be compared with the Company's reported net income and considered in addition to cash flows in accordance with GAAP, as presented in the Company's consolidated financial statements.

The Macerich Company

Unaudited Pro Rata Balance Sheet

(Dollars in thousands)



	As of March 31, 2013
	Consolidated			Non- Controlling Interests(1)			Company's Consolidated Share			Company's Share of Joint Ventures(2)			Company's Total Share
ASSETS:
Property, net(3)	$	7,932,563		$	(471,485	)	$	7,461,078		$	2,325,351		$	9,786,429
Cash and cash equivalents		68,814			(9,906	)		58,908			50,249			109,157
Restricted cash		78,128			(1,740	)		76,388			12,173			88,561
Marketable securities		23,612			—			23,612			—			23,612
Tenant and other receivables, net		99,767			(29,026	)		70,741			33,964			104,705
Deferred charges and other assets, net		579,302			(10,088	)		569,214			67,310			636,524
Loans to unconsolidated joint ventures		3,366			—			3,366			—			3,366
Due from affiliates		31,197			374			31,571			(2,669	)		28,902
Investments in unconsolidated joint ventures		945,935			—			945,935			(945,935	)		—

Total assets	$	9,762,684		$	(521,871	)	$	9,240,813		$	1,540,443		$	10,781,256

LIABILITIES AND EQUITY:
Mortgage notes payable:	$	4,910,655		$	(283,080	)	$	4,627,575		$	1,651,815		$	6,279,390
Bank and other notes payable		797,138			(6,665	)		790,473			—			790,473
Accounts payable and accrued expenses		89,237			(3,475	)		85,762			24,217			109,979
Other accrued liabilities		326,095			(23,671	)		302,424			58,019			360,443
Distributions in excess of investment in unconsolidated joint ventures		193,608			—			193,608			(193,608	)		—
Co-venture obligation		89,360			(89,360	)		—			—			—

Total liabilities		6,406,093			(406,251	)		5,999,842			1,540,443			7,540,285

Commitments and contingencies
Equity:
Stockholders' equity:
Common stock		1,376			—			1,376			—			1,376
Additional paid-in capital		3,717,091			—			3,717,091			—			3,717,091
Accumulated deficit		(701,447	)		—			(701,447	)		—			(701,447	)

Total stockholders' equity		3,017,020			—			3,017,020			—			3,017,020
Noncontrolling interests		339,571			(115,620	)		223,951			—			223,951

Total equity		3,356,591			(115,620	)		3,240,971			—			3,240,971

Total liabilities and equity	$	9,762,684		$	(521,871	)	$	9,240,813		$	1,540,443		$	10,781,256

(1): This represents the non-owned portion of the consolidated joint ventures.
(2): This represents the Company's pro rata share of unconsolidated joint ventures.
(3): Includes construction in progress of $317,219 from the Company's consolidated share and $112,510 from its pro rata share of unconsolidated joint ventures.

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Supplemental FFO Information(a)



	As of March 31,
	2013	2012
	dollars in millions
Straight line rent receivable	$68.2	$73.7



	For the Three Months Ended March 31,
	2013	2012
	dollars in millions
Lease termination fees	$1.4	$ 2.9
Straight line rental income	$1.2	$ 1.1
Gain on sales of undepreciated assets	$2.2	$ 0.0
Amortization of acquired above- and below-market leases	$2.4	$ 3.5
Amortization of debt (discounts)/premiums	$2.5	$ (1.1)
Interest capitalized	$4.8	$ 3.9

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

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Capital Expenditures



	For the Three Months Ended 3/31/13		For the Three Months Ended 3/31/12		Year Ended 12/31/12		Year Ended 12/31/11
	dollars in millions
Consolidated Centers
Acquisitions of property and equipment	$	504.7	$	72.6	$	1,313.1	$	314.6
Development, redevelopment, expansions and renovations of Centers		40.9		15.1		158.5		88.8
Tenant allowances		3.5		3.9		18.1		19.4
Deferred leasing charges		8.9		8.5		23.5		29.3

Total	$	558.0	$	100.1	$	1,513.2	$	452.1

Unconsolidated Joint Venture Centers(a)
Acquisitions of property and equipment	$	1.4	$	0.2	$	5.1	$	143.4
Development, redevelopment, expansions and renovations of Centers		16.8		11.5		79.6		37.7
Tenant allowances		1.8		0.8		6.4		8.4
Deferred leasing charges		0.9		1.4		4.2		4.9

Total	$	20.9	$	13.9	$	95.3	$	194.4

(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
03/31/2013	$481	$643	$535
03/31/2012	$429	$614	$504
12/31/2012	$463	$629	$517
12/31/2011	$417	$597	$489

(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 shopping centers. Sales per square foot exclude Centers under development and redevelopment.

The Macerich Company

Sales Per Square Foot by Property Ranking (unaudited)



				Sales Per Square Foot															Cost of Occupancy for the Trailing 12 Months Ended 03/31/2013 (b)
				Sales Per Square Foot						Occupancy												% of Portfolio 2013 Forecast Pro Rata NOI (c)
				03/31/2013 (a)		12/31/2012 (a)		03/31/2012 (a)		Occupancy
Count		Properties		03/31/2013 (a)		12/31/2012 (a)		03/31/2012 (a)		03/31/2013			12/31/2012			03/31/2012

		Group 1: Top 10
	1		Queens Center	$	1,016	$	1,004	$	958		95.5	%		97.3	%		97.3	%							306,000
	2		Washington Square	$	962	$	909	$	792		90.2	%		93.3	%		89.4	%							120,310
	3		Biltmore Fashion Park	$	909	$	903	$	896		88.1	%		87.6	%		80.6	%							29,184
	4		Corte Madera, Village at	$	877	$	882	$	927		98.3	%		98.3	%		98.3	%							38,657
	5		Tysons Corner Center	$	815	$	820	$	780		96.4	%		97.5	%		98.4	%							150,755
	6		North Bridge, The Shops at	$	907	$	805	$	843		89.7	%		90.1	%		83.0	%							98,561
	7		Santa Monica Place	$	741	$	723	$	699		90.9	%		94.3	%		87.8	%							239,147
	8		Los Cerritos Center	$	684	$	682	$	676		95.5	%		97.2	%		96.6	%							99,341
	9		Kings Plaza Shopping Center(e)	$	700	$	680		n/a		91.8	%		95.5	%		n/a								497,609
	10		Tucson La Encantada	$	697	$	673	$	659		88.5	%		90.3	%		91.9	%							73,861

		Total Top 10:		$	831	$	813	$	793		93.3	%		95.0	%		93.1	%		13.5	%		23.7	%	1,653,425

		Group 2: Top 11-20
	11		Broadway Plaza	$	678	$	657	$	648		94.6	%		97.6	%		97.9	%							70,373
	12		Kierland Commons	$	641	$	641	$	665		95.6	%		95.1	%		86.6	%							67,500
	13		Arrowhead Towne Center	$	661	$	635	$	623		95.2	%		98.1	%		97.2	%							241,406
	14		Fresno Fashion Fair	$	637	$	630	$	623		96.3	%		97.0	%		97.1	%							160,612
	15		Freehold Raceway Mall	$	632	$	623	$	604		95.0	%		95.1	%		94.6	%							116,683
	16		Danbury Fair Mall	$	633	$	623	$	618		96.0	%		96.9	%		98.2	%							238,322
	17		Scottsdale Fashion Square	$	626	$	603	$	599		95.6	%		95.1	%		96.5	%							262,500
	18		Twenty Ninth Street	$	602	$	588	$	568		96.0	%		95.8	%		95.8	%							107,000
	19		Vintage Faire Mall	$	588	$	578	$	578		99.9	%		99.1	%		99.0	%							135,000
	20		Fashion Outlets of Niagara Falls USA	$	576	$	571	$	554		94.1	%		94.5	%		95.0	%							125,930

		Total Top 11-20:		$	623	$	611	$	604		95.8	%		96.1	%		95.7	%		11.9	%		23.2	%	1,525,326

The Macerich Company

Sales Per Square Foot by Property Ranking (unaudited)



				Sales Per Square Foot															Cost of Occupancy for the Trailing 12 Months Ended 03/31/2013 (b)
				Sales Per Square Foot						Occupancy												% of Portfolio 2013 Forecast Pro Rata NOI (c)
				03/31/2013 (a)		12/31/2012 (a)		03/31/2012 (a)		Occupancy
Count		Properties		03/31/2013 (a)		12/31/2012 (a)		03/31/2012 (a)		03/31/2013			12/31/2012			03/31/2012
		Group 3: Top 21-30
	21		Chandler Fashion Center	$	586	$	564	$	545		96.3	%		96.7	%		92.0	%							100,200
	22		FlatIron Crossing	$	531	$	548	$	487		95.2	%		89.4	%		84.8	%							171,024
	23		Green Acres Mall(f)	$	542	$	535		n/a		91.8	%		n/a			n/a								324,420
	24		West Acres	$	537	$	535	$	491		98.6	%		97.1	%		100.0	%							11,590
	25		Oaks, The	$	512	$	505	$	504		95.1	%		94.4	%		94.0	%							217,164
	26		Stonewood Center	$	504	$	500	$	472		97.2	%		99.4	%		97.7	%							55,199
	27		Deptford Mall	$	502	$	497	$	483		97.9	%		99.3	%		98.2	%							219,094
	28		Valley River Center	$	503	$	496	$	490		96.4	%		95.6	%		94.1	%							120,000
	29		SanTan Village Regional Center	$	486	$	477	$	455		96.5	%		96.4	%		95.1	%							117,222
	30		South Plains Mall	$	479	$	469	$	454		89.5	%		90.2	%		88.4	%							100,949

		Total Top 21-30:		$	521	$	514	$	490		95.0	%		94.8	%		92.9	%		13.6	%		20.3	%	1,436,862

		Group 4: Top 31-40
	31		Victor Valley, Mall of	$	479	$	460	$	453		93.8	%		93.7	%		88.7	%							90,000
	32		Rimrock Mall	$	432	$	424	$	420		92.8	%		92.0	%		88.7	%							—
	33		Pacific View	$	422	$	419	$	423		97.8	%		96.9	%		94.0	%							137,744
	34		Lakewood Center	$	417	$	412	$	405		93.9	%		93.7	%		91.7	%							127,500
	35		Eastland Mall	$	411	$	401	$	407		97.6	%		99.5	%		98.0	%							168,000
	36		Green Tree Mall	$	400	$	400	$	382		89.8	%		91.2	%		84.8	%							—
	37		Inland Center	$	405	$	399	$	386		94.4	%		94.3	%		97.9	%							25,000
	38		La Cumbre Plaza	$	403	$	391	$	388		80.8	%		79.7	%		80.3	%							—
	39		Northgate Mall	$	391	$	387	$	395		95.9	%		95.9	%		95.8	%							64,000
	40		Kitsap Mall(g)	$	384	$	383	$	376		91.6	%		92.4	%		90.7	%							23,339

		Total Top 31-40:		$	414	$	408	$	404		93.7	%		93.9	%		91.9	%		12.9	%		10.7	%	635,583

		Total Top 40:		$	603	$	594	$	575		94.5	%		95.0	%		93.5	%		12.9	%		77.9	%	5,251,196

The Macerich Company

Sales Per Square Foot by Property Ranking (unaudited)



				Sales Per Square Foot															Cost of Occupancy for the Trailing 12 Months Ended 03/31/2013 (b)
				Sales Per Square Foot						Occupancy												% of Portfolio 2013 Forecast Pro Rata NOI (c)
				03/31/2013 (a)		12/31/2012 (a)		03/31/2012 (a)		Occupancy
Count		Properties		03/31/2013 (a)		12/31/2012 (a)		03/31/2012 (a)		03/31/2013			12/31/2012			03/31/2012

		Group 5: 41-61
	41		South Towne Center	$	372	$	374	$	374		88.7	%		88.7	%		96.2	%							84,915
	42		Westside Pavilion	$	365	$	362	$	380		95.9	%		95.8	%		97.5	%							153,986
	43		Chesterfield Towne Center	$	357	$	361	$	355		89.5	%		91.9	%		91.6	%							110,000
	44		Northridge Mall	$	349	$	342	$	346		95.7	%		97.2	%		92.9	%							—
	45		Superstition Springs Center	$	335	$	334	$	330		91.5	%		92.3	%		91.4	%							45,000
	46		Ridgmar Mall	$	333	$	332	$	325		83.7	%		84.6	%		83.1	%							26,000
	47		Capitola Mall	$	331	$	327	$	322		78.9	%		84.8	%		88.6	%							—
	48		Towne Mall	$	342	$	320	$	314		87.2	%		88.4	%		85.8	%							23,273
	49		Wilton Mall	$	311	$	313	$	315		93.9	%		95.7	%		94.8	%							40,000
	50		Salisbury, Centre at	$	312	$	311	$	321		96.5	%		96.3	%		94.1	%							115,000
	51		NorthPark Mall	$	309	$	310	$	305		93.5	%		89.0	%		86.1	%							—
	52		Cascade Mall(g)	$	306	$	299	$	291		90.8	%		92.8	%		84.2	%							11,498
	53		Flagstaff Mall	$	302	$	296	$	297		84.9	%		89.7	%		93.5	%							37,000
	54		Somersville Towne Center	$	279	$	287	$	280		87.3	%		84.7	%		85.2	%							—
	55		Valley Mall	$	282	$	266	$	269		94.0	%		94.0	%		90.1	%							42,703
	56		Desert Sky Mall	$	262	$	263	$	275		95.0	%		96.2	%		91.9	%							—
	57		Great Northern Mall	$	256	$	263	$	264		94.2	%		93.3	%		91.7	%							36,166
	58		SouthPark Mall	$	248	$	248	$	233		84.2	%		86.9	%		84.7	%							—
	59		Lake Square Mall	$	247	$	232	$	224		81.4	%		86.4	%		73.2	%							—
	60		Rotterdam Square	$	231	$	232	$	237		84.6	%		86.1	%		85.9	%							—
	61		Paradise Valley Mall(h)		n/a	$	287	$	297		n/a			88.2	%		82.2	%							80,250
	—		Fiesta Mall(i)		n/a	$	235	$	238		n/a			86.1	%		83.0	%							84,000

		Total 41-61:		$	313	$	307	$	306		90.3	%		90.8	%		89.0	%		12.7	%		17.3	%	889,791

The Macerich Company

Sales Per Square Foot by Property Ranking (unaudited)



				Sales Per Square Foot															Cost of Occupancy for the Trailing 12 Months Ended 03/31/2013 (b)
				Sales Per Square Foot						Occupancy										% of Portfolio 2013 Forecast Pro Rata NOI (c)
				03/31/2013 (a)		12/31/2012 (a)		03/31/2012 (a)		Occupancy
Count		Properties		03/31/2013 (a)		12/31/2012 (a)		03/31/2012 (a)		03/31/2013			12/31/2012			03/31/2012

		Community/Power Centers
	62		Boulevard Shops	$	429	$	429	$	422		100.0	%		99.2	%		97.4	%					10,277
	63		Camelback Colonnade	$	366	$	351	$	350		97.0	%		97.7	%		97.5	%					34,423
	64		Estrella Falls, The Market at		n/a		n/a		n/a		95.5	%		95.5	%		96.1	%					13,315
	65		Panorama Mall	$	368	$	349	$	312		93.7	%		92.8	%		90.9	%					—
	66		Promenade at Casa Grande	$	193	$	193	$	199		95.1	%		95.9	%		95.2	%					33,920
	67		Redmond Town Center(g)	$	372	$	361	$	346		87.8	%		89.2	%		79.9	%					23,813
	68		The Marketplace at Flagstaff Mall		n/a		n/a		n/a		100.0	%		100.0	%		100.0	%					—

		Total Community/Power Centers:		$	345	$	335	$	325		94.4	%		94.9	%		92.2	%			3.3	%	115,748

		Centers Under Redevelopment
	69		Atlas Park, The Shops at		n/a		n/a		n/a		n/a			n/a			n/a						—
	—		Paradise Valley Mall(h)		n/a		n/a		n/a		n/a			n/a			n/a						—
	70		Southridge Mall		n/a		n/a		n/a		n/a			n/a			n/a						—

		Total Centers Under Redevelopment:																			0.2	%	—

		Other Non-mall Assets																			1.3	%	22,655

		TOTAL ALL PROPERTIES																			100.0	%	6,279,390

The Macerich Company

Notes to Sales Per Square Foot by Property Ranking (unaudited)


(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.
(b)		Cost of Occupancy represents "Tenants Occupancy Costs" divided by "Tenant Sales". Tenant Occupancy Costs in this calculation are the amounts paid to the Company, including minimum rents, percentage rents and recoverable expenditures, which consist primarily of property operating expenses, real estate taxes and repair and maintenance expenditures.
(c)		The percentage of portfolio 2013 Forecast Pro Rata Net Operating Income ("NOI") is based on guidance released on February 6, 2013. This excludes the following items: straight-line rent, above/below market adjustments to minimum rents, termination fee income and bad debt expense. It also does not reflect REIT expenses, net Management Company expenses and the effect of any future 2013 acquisitions or dispositions. See the Company's forward-looking statements disclosure on page 1 for factors that may affect the information provided in this table.
(d)		Please see further disclosures for Outstanding Debt at Pro rata on pages 28-29.
(e)		The Company acquired Kings Plaza Shopping Center in November 2012.
(f)		The Company acquired Green Acres Mall in January 2013.
(g)		The aggregate debt on these three properties represents the "Pacific Premier Retail Trust" debt on the Outstanding Debt by Maturity Table on page 29.
(h)		Paradise Valley Mall has been reclassified as a Redevelopment Center as of March 31, 2013. NOI for this property is included in the group as ranked by sales per square foot for the year ended December 31, 2012.
(i)		The Company is negotiating with the loan servicer for Fiesta Mall, which will likely result in a transition of the asset to the loan servicer or receiver.

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Occupancy(a)



Regional Shopping Centers: Period Ended	Consolidated Centers		Unconsolidated Joint Venture Centers		Total Centers
03/31/2013		93.3%		93.7%		93.4%
03/31/2012		91.8%		92.4%		92.1%
12/31/2012		93.4%		94.5%		93.8%
12/31/2011		92.8%		92.4%		92.7%

(a): Occupancy is the percentage of mall and freestanding GLA leased as of the last day of the reporting period. Occupancy excludes Centers under development and redevelopment.

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Average Base Rent Per Square Foot(a)



	Average Base Rent PSF(b)		Average Base Rent PSF on Leases Executed during the trailing twelve months ended(c)		Average Base Rent PSF on Leases Expiring(d)
Consolidated Centers
03/31/2013	$	42.34	$	44.70	$	38.95
03/31/2012	$	38.92	$	39.95	$	35.74
12/31/2012	$	40.98	$	44.01	$	38.00
12/31/2011	$	38.80	$	38.35	$	35.84
Unconsolidated Joint Venture Centers
03/31/2013	$	56.91	$	57.44	$	49.85
03/31/2012	$	54.98	$	53.00	$	44.78
12/31/2012	$	55.64	$	55.72	$	48.74
12/31/2011	$	53.72	$	50.00	$	38.98

(a): Average base rent per square foot is based on spaces 10,000 square feet and under. Centers under development and redevelopment are excluded.
(b): Average base rent per square foot gives effect to the terms of each lease in effect, as of the applicable date, including any concessions, abatements and other adjustments or allowances that have been granted to the tenants.
(c): The average base rent per square foot on leases executed during the period represents the actual rent to be paid during the first twelve months.
(d): The average base rent per square foot on leases expiring during the period represents the final year minimum rent on a cash basis.

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Cost of Occupancy



				For Years Ended December 31,
	For the trailing twelve months ended March 31, 2013			For Years Ended December 31,
	For the trailing twelve months ended March 31, 2013			2012			2011
Consolidated Centers
Minimum rents		8.0	%		8.1	%		8.2	%
Percentage rents		0.4	%		0.4	%		0.5	%
Expense recoveries(a)		4.2	%		4.2	%		4.1	%

Total		12.6	%		12.7	%		12.8	%



				For Years Ended December 31,
	For the trailing twelve months ended March 31, 2013			For Years Ended December 31,
	For the trailing twelve months ended March 31, 2013			2012			2011
Unconsolidated Joint Venture Centers
Minimum rents		8.7	%		8.9	%		9.1	%
Percentage rents		0.4	%		0.4	%		0.4	%
Expense recoveries(a)		3.8	%		3.9	%		3.9	%

Total		12.9	%		13.2	%		13.4	%

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

The Macerich Company

Percentage of Net Operating Income by State



State	% of Portfolio Forecast 2013 Pro Rata NOI(a)
California		27.2	%
Arizona		17.3	%
New York		14.7	%
New Jersey & Connecticut		8.6	%
Illinois, Indiana & Iowa		7.4	%
Virginia		6.8	%
Colorado		5.0	%
Oregon		3.5	%
Texas		2.5	%
Washington		2.1	%
Other(b)		4.9	%

Total		100.0	%

(a): The percentage of portfolio 2013 Forecast Pro Rata NOI is based on guidance released on February 6, 2013. This excludes the following items: straight-line rent, above/below market adjustments to minimum rents, termination fee income and bad debt expense. It also does not reflect REIT expenses, net Management Company expenses and the effect of any future 2013 acquisitions or dispositions. See the Company's forward-looking statements disclosure on page 1 for factors that may affect the information provided in this table.
(b): "Other" includes Florida, Kentucky, Maryland, Montana, New Mexico, North Dakota and Utah.

The Macerich Company

Property Listing

March 31, 2013

The following table sets forth certain information regarding the Centers and other locations that are wholly owned or partly owned by the Company.

Company's Ownership(1)	Name of Center/Location

CONSOLIDATED CENTERS:
100%	Arrowhead Towne Center(3) Glendale, Arizona	1993/2002	2004	1,196,000
100%	Capitola Mall(4) Capitola, California	1977/1995	1988	586,000
50.1%	Chandler Fashion Center Chandler, Arizona	2001/2002	—	1,325,000
100%	Chesterfield Towne Center Richmond, Virginia	1975/1994	2000	1,016,000
100%	Danbury Fair Mall Danbury, Connecticut	1986/2005	2010	1,288,000
100%	Deptford Mall Deptford, New Jersey	1975/2006	1990	1,040,000
100%	Desert Sky Mall Phoenix, Arizona	1981/2002	2007	890,000
100%	Eastland Mall(4) Evansville, Indiana	1978/1998	1996	1,042,000
100%	Fashion Outlets of Niagara Falls USA Niagara Falls, New York	1982/2011	2009	530,000
100%	Flagstaff Mall Flagstaff, Arizona	1979/2002	2007	347,000
100%	FlatIron Crossing(5) Broomfield, Colorado	2000/2002	2009	1,439,000
50.1%	Freehold Raceway Mall Freehold, New Jersey	1990/2005	2007	1,674,000
100%	Fresno Fashion Fair Fresno, California	1970/1996	2006	962,000
100%	Great Northern Mall Clay, New York	1988/2005	—	895,000
100%	Green Acres Mall(4)(6) Valley Stream, New York	1956/2013	2007	1,800,000
100%	Green Tree Mall Clarksville, Indiana	1968/1975	2005	793,000
100%	Kings Plaza Shopping Center(4) Brooklyn, New York	1971/2012	2002	1,199,000
100%	La Cumbre Plaza(4) Santa Barbara, California	1967/2004	1989	494,000
100%	Lake Square Mall Leesburg, Florida	1980/1998	1995	559,000
100%	Northgate Mall San Rafael, California	1964/1986	2010	721,000
100%	NorthPark Mall Davenport, Iowa	1973/1998	2001	1,050,000
100%	Northridge Mall Salinas, California	1972/2003	1994	890,000
100%	Oaks, The Thousand Oaks, California	1978/2002	2009	1,138,000

The Macerich Company

Property Listing

March 31, 2013

Company's Ownership(1)	Name of Center/Location

100%	Pacific View Ventura, California	1965/1996	2001	1,017,000
100%	Rimrock Mall Billings, Montana	1978/1996	1999	603,000
100%	Rotterdam Square Schenectady, New York	1980/2005	1990	585,000
100%	Salisbury, Centre at Salisbury, Maryland	1990/1995	2005	862,000
100%	Santa Monica Place Santa Monica, California	1980/1999	2010	474,000
84.9%	SanTan Village Regional Center Gilbert, Arizona	2007/—	2009	995,000
100%	Somersville Towne Center Antioch, California	1966/1986	2004	349,000
100%	SouthPark Mall Moline, Illinois	1974/1998	1990	1,010,000
100%	South Plains Mall Lubbock, Texas	1972/1998	1995	1,131,000
100%	South Towne Center Sandy, Utah	1987/1997	1997	1,276,000
100%	Towne Mall Elizabethtown, Kentucky	1985/2005	1989	350,000
100%	Tucson La Encantada Tucson, Arizona	2002/2002	2005	243,000
100%	Twenty Ninth Street(4) Boulder, Colorado	1963/1979	2007	839,000
100%	Valley Mall Harrisonburg, Virginia	1978/1998	1992	504,000
100%	Valley River Center Eugene, Oregon	1969/2006	2007	896,000
100%	Victor Valley, Mall of Victorville, California	1986/2004	2012	523,000
100%	Vintage Faire Mall Modesto, California	1977/1996	2008	1,127,000
100%	Westside Pavilion Los Angeles, California	1985/1998	2007	754,000
100%	Wilton Mall Saratoga Springs, New York	1990/2005	1998	734,000

	Total Consolidated Centers			37,146,000

UNCONSOLIDATED JOINT VENTURE CENTERS (VARIOUS PARTNERS):
50%	Biltmore Fashion Park Phoenix, Arizona	1963/2003	2006	529,000
50%	Broadway Plaza(4) Walnut Creek, California	1951/1985	1994	777,000
51%	Cascade Mall Burlington, Washington	1989/1999	1998	594,000
50.1%	Corte Madera, Village at Corte Madera, California	1985/1998	2005	440,000
50%	Inland Center(4) San Bernardino, California	1966/2004	2004	933,000

The Macerich Company

Property Listing

March 31, 2013

Company's Ownership(1)	Name of Center/Location

50%	Kierland Commons Scottsdale, Arizona	1999/2005	2003	433,000
51%	Kitsap Mall Silverdale, Washington	1985/1999	1997	846,000
51%	Lakewood Center Lakewood, California	1953/1975	2008	2,077,000
51%	Los Cerritos Center Cerritos, California	1971/1999	2010	1,306,000
50%	North Bridge, The Shops at(4) Chicago, Illinois	1998/2008	—	682,000
51%	Queens Center(4) Queens, New York	1973/1995	2004	967,000
50%	Ridgmar Mall Fort Worth, Texas	1976/2005	2000	1,273,000
50%	Scottsdale Fashion Square Scottsdale, Arizona	1961/2002	2009	1,724,000
51%	Stonewood Center(4) Downey, California	1953/1997	1991	928,000
66.7%	Superstition Springs Center(4) Mesa, Arizona	1990/2002	2002	1,205,000
50%	Tysons Corner Center(4) McLean, Virginia	1968/2005	2005	1,991,000
51%	Washington Square Portland, Oregon	1974/1999	2005	1,454,000
19%	West Acres Fargo, North Dakota	1972/1986	2001	971,000

	Total Unconsolidated Joint Venture Centers (Various Partners)			19,130,000

	Total Regional Shopping Centers			56,276,000

COMMUNITY / POWER CENTERS:
50%	Boulevard Shops(8) Chandler, Arizona	2001/2002	2004	185,000
73.2%	Camelback Colonnade(8) Phoenix, Arizona	1961/2002	1994	619,000
39.7%	Estrella Falls, The Market at(8) Goodyear, Arizona	2009/—	2009	238,000
100%	Panorama Mall(7) Panorama, California	1955/1979	2005	312,000
51.3%	Promenade at Casa Grande(7) Casa Grande, Arizona	2007/—	2009	908,000
51%	Redmond Town Center(4)(8) Redmond, Washington	1997/1999	2004	695,000
100%	The Marketplace at Flagstaff Mall(4)(7) Flagstaff, Arizona	2007/—	—	268,000

	Total Community / Power Centers			3,225,000

	Total before Centers under redevelopment and other assets			59,501,000

The Macerich Company

Property Listing

March 31, 2013

Company's Ownership(1)	Name of Center/Location

CENTERS UNDER REDEVELOPMENT:
50%	Atlas Park, The Shops at(8) Queens, New York	2006/2011	—	377,000
100%	Paradise Valley Mall(7) Phoenix, Arizona	1979/2002	2009	1,146,000
100%	Southridge Mall(7) Des Moines, Iowa	1975/1998	1998	741,000

	Total Centers under Redevelopment			2,264,000

OTHER ASSETS:
100%	Various(7)(9)			1,078,000
100%	500 North Michigan Avenue(7) Chicago, Illinois			327,000
100%	Paradise Village Ground Leases(7) Phoenix, Arizona			58,000
100%	Paradise Village Office Park II(7) Phoenix, Arizona			46,000
51%	Redmond Town Center-Office(8) Redmond, Washington			582,000
50%	Scottsdale Fashion Square-Office(8) Scottsdale, Arizona			123,000
50%	Tysons Corner Center-Office(4)(8) McLean, Virginia			163,000
30%	Wilshire Boulevard(8) Santa Monica, California			40,000

	Total Other Assets			2,417,000

	Grand Total at March 31, 2013			64,182,000

The Macerich Company

Property Listing

March 31, 2013

(1): The Company's ownership interest in this table reflects its legal ownership interest. See footnotes (1) and (2) on pages 25-26 regarding the legal versus economic ownership of joint venture entities.
(2): Includes GLA attributable to anchors (whether owned or non-owned) and mall and freestanding stores as of March 31, 2013.
(3): On October 26, 2012, the Company acquired the remaining 33.3% ownership interest in Arrowhead Towne Center resulting in 100% ownership.
(4): Portions of the land on which the Center is situated are subject to one or more long-term ground leases. With respect to 55 Centers, the underlying land controlled by the Company is owned in fee entirely by the Company, or, in the case of jointly-owned Centers, by the joint venture property partnership or limited liability company.
(5): On October 3, 2012, the Company acquired the remaining 75% interest in FlatIron Crossing resulting in 100% ownership.
(6): On January 24, 2013, the Company acquired Green Acres Mall, a 1.8 million square foot super regional mall.
(7): Included in Consolidated Centers.
(8): Included in Unconsolidated Joint Venture Centers.
(9): The Company owns a portfolio of 14 stores located at shopping centers not owned by the Company. Of these 14 stores, four have been leased to Forever 21, one has been leased to Kohl's, one has been leased to Burlington Coat Factory, one has been leased to Cabela's, four have been leased for non-Anchor usage and the remaining three locations are vacant. The Company is currently seeking replacement tenants for these vacant sites. With respect to nine of the 14 stores, the underlying land is owned in fee entirely by the Company. With respect to the remaining five stores, the underlying land is owned by third parties and leased to the Company pursuant to long-term building or ground leases.

Joint Venture List

The following table sets forth certain information regarding the Centers and other operating properties that are not wholly-owned by the Company. Fashion Outlets of Chicago has been included in the table since it is anticipated to begin operations in 2013. This list of properties includes unconsolidated joint ventures, consolidated joint ventures, and co-venture arrangements. The percentages shown are the effective legal ownership and economic ownership interests of the Company as of March 31, 2013.



Properties	03/31/2013 Legal Ownership(1)			03/31/2013 Economic Ownership(2)			Joint Venture	03/31/2013 Total GLA(3)
Atlas Park, The Shops at		50	%		50	%	WMAP, L.L.C.		377,000
Biltmore Fashion Park		50	%		50	%	Biltmore Shopping Center Partners LLC		529,000
Boulevard Shops		50	%		50	%	Propcor II Associates, LLC		185,000
Broadway Plaza		50	%		50	%	Macerich Northwestern Associates		777,000
Camelback Colonnade		73.2	%		73.2	%	Camelback Colonnade Associates LP		619,000
Cascade Mall		51	%		51	%	Pacific Premier Retail LP		594,000
Chandler Fashion Center(4)		50.1	%		50.1	%	Freehold Chandler Holdings LP		1,325,000
Corte Madera, Village at		50.1	%		50.1	%	Corte Madera Village, LLC		440,000
Estrella Falls, The Market at(5)		39.7	%		39.7	%	The Market at Estrella Falls LLC		238,000
Fashion Outlets of Chicago(6)		60	%		60	%	Fashion Outlets of Chicago LLC
Freehold Raceway Mall(4)		50.1	%		50.1	%	Freehold Chandler Holdings LP		1,674,000
Inland Center		50	%		50	%	WM Inland LP		933,000
Kierland Commons		50	%		50	%	Kierland Commons Investment LLC		433,000
Kitsap Mall		51	%		51	%	Pacific Premier Retail LP		846,000
Lakewood Center		51	%		51	%	Pacific Premier Retail LP		2,077,000
Los Cerritos Center		51	%		51	%	Pacific Premier Retail LP		1,306,000
North Bridge, The Shops at		50	%		50	%	North Bridge Chicago LLC		682,000
Promenade at Casa Grande(5)		51.3	%		51.3	%	WP Casa Grande Retail LLC		908,000
Queens Center		51	%		51	%	Queens JV LP		967,000
Redmond Town Center		51	%		51	%	Pacific Premier Retail LP		695,000
Redmond Town Center-Office		51	%		51	%	Pacific Premier Retail LP		582,000
Ridgmar Mall		50	%		50	%	WM Ridgmar, L.P.		1,273,000
Santan Village Regional Center(7)		84.9	%		84.9	%	Westcor SanTan Village LLC		995,000
Scottsdale Fashion Square		50	%		50	%	Scottsdale Fashion Square Partnership		1,724,000
Scottsdale Fashion Square-Office		50	%		50	%	Scottsdale Fashion Square Partnership		123,000
Stonewood Center		51	%		51	%	Pacific Premier Retail LP		928,000
Superstition Springs Center		66.7	%		66.7	%	East Mesa Mall, L.L.C.		1,205,000
Tysons Corner Center		50	%		50	%	Tysons Corner LLC		1,991,000
Tysons Corner Center-Office		50	%		50	%	Tysons Corner Property LLC		163,000
Washington Square		51	%		51	%	Pacific Premier Retail LP		1,454,000
West Acres		19	%		19	%	West Acres Development, LLP		971,000
Wilshire Boulevard		30	%		30	%	Wilshire Building—Tenants in Common		40,000

(1): This column reflects the Company's legal ownership in the listed properties as of March 31, 2013.
Legal ownership may, at times, not equal the Company's economic interest in the listed properties because of various provisions in certain joint venture agreements regarding distributions of cash flow based on capital account balances, allocations of profits and losses and payments of preferred returns. As a result, the Company's actual economic interest (as distinct from its legal ownership interest) in certain of the properties could fluctuate from time to time and may not wholly align with its legal ownership interests. Substantially all of the Company's joint venture agreements contain rights of first refusal, buy-sell provisions, exit rights, default dilution remedies and/or other break up provisions or remedies which are customary in real estate joint venture agreements and which may, positively or negatively, affect the ultimate realization of cash flow and/or capital or liquidation proceeds.
(2): Economic ownership represents the allocation of cash flow to the Company as of March 31, 2013, except as noted below. In cases where the Company receives a current cash distribution greater than its legal ownership percentage due to a capital account greater than its legal ownership percentage, only the legal ownership percentage is shown in this column. The Company's economic ownership of these properties may fluctuate based on a number of factors, including mortgage

refinancings, partnership capital contributions and distributions, and proceeds and gains or losses from asset sales, and the matters set forth in the preceding paragraph.

(3): Includes GLA attributable to anchors (whether owned or non-owned) and mall and freestanding stores as of March 31, 2013.
(4): The joint venture entity was formed in September 2009. Upon liquidation of the partnership, distributions are made in the following order: to the third-party partner until it receives a 13% internal rate of return on its aggregate unreturned capital contributions; to the Company until it receives a 13% internal rate of return on its aggregate unreturned capital contributions; and, thereafter, 35% to the third-party partner and 65% to the Company.
(5): Columns 1 and 2 reflect the Company's indirect ownership interest in the property owner. The Company and a third-party partner are each members of a joint venture (the "MW Joint Venture") which, in turn, is a member in the joint venture that owns the property. Cash flow distributions for the MW Joint Venture are made in accordance with the members' relative capital accounts until the members have received distributions equal to their capital accounts, and thereafter in accordance with the members' relative legal ownership percentages. In addition, the Company has executed a joint and several guaranty of the mortgage for the property with its third-party partner. The Company may incur liabilities under such guaranty greater than its legal ownership percentage.
(6): Fashion Outlets of Chicago is currently under construction and anticipated to open on August 1, 2013. After the third anniversary of substantial completion of the development, the Company in its sole discretion may elect to purchase the interest of the other member based on a net operating income formula using a 6.5% capitalization rate, less any unpaid debt on the property. In addition, the Company has executed a guaranty of the mortgage for the property. The Company may incur liabilities under such guaranty greater than its legal ownership percentage.
(7): Cash flow is distributed to the members pro rata based on the members' relative capital accounts until such accounts are returned in full, and then by legal ownership percentages. In addition, the Company has executed a guaranty of the mortgage for the property. The Company may incur liabilities under such guaranty greater than its legal ownership percentage.

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Debt Summary (at Company's pro rata share)



	As of March 31, 2013
	Fixed Rate			Floating Rate			Total
	dollars in thousands
Consolidated debt	$	3,969,681		$	1,448,367		$	5,418,048
Unconsolidated debt		1,473,573			178,242			1,651,815

Total debt	$	5,443,254		$	1,626,609		$	7,069,863
Weighted average interest rate		4.45	%		3.07	%		4.13	%
Weighted average maturity (years)								5.3

The Macerich Company

Supplemental Financial and Operating Information (Unaudited)

Outstanding Debt by Maturity Date



	As of March 31, 2013
Center/Entity (dollars in thousands)	Maturity Date		Effective Interest Rate(a)			Fixed		Floating		Total Debt Balance(a)
I. Consolidated Assets:
Greeley—Defeasance		09/01/13		6.34	%	$	23,808	$	—	$	23,808
Great Northern Mall		12/01/13		5.19	%		36,166		—		36,166
FlatIron Crossing		12/01/13		1.96	%		171,024		—		171,024
Fiesta Mall(b)		01/01/15		4.98	%		84,000		—		84,000
South Plains Mall		04/11/15		6.57	%		100,949		—		100,949
Fresno Fashion Fair		08/01/15		6.76	%		160,612		—		160,612
Flagstaff Mall		11/01/15		5.03	%		37,000		—		37,000
South Towne Center		11/05/15		6.39	%		84,915		—		84,915
Valley River Center		02/01/16		5.59	%		120,000		—		120,000
Prasada(c)		03/29/16		5.25	%		6,665		—		6,665
Salisbury, Centre at		05/01/16		5.83	%		115,000		—		115,000
Eastland Mall		06/01/16		5.79	%		168,000		—		168,000
Valley Mall		06/01/16		5.85	%		42,703		—		42,703
Deptford Mall		06/01/16		6.46	%		14,736		—		14,736
Freehold Raceway Mall(d)		01/01/18		4.20	%		116,683		—		116,683
Santa Monica Place		01/03/18		2.99	%		239,147		—		239,147
Arrowhead Towne Center		10/05/18		2.76	%		241,406		—		241,406
Chandler Fashion Center(d)		07/01/19		3.77	%		100,200		—		100,200
Kings Plaza Shopping Center(e)		12/03/19		3.67	%		497,609		—		497,609
Danbury Fair Mall		10/01/20		5.53	%		238,322		—		238,322
Fashion Outlets of Niagara Falls USA		10/06/20		4.89	%		125,930		—		125,930
Green Acres Mall		02/03/21		3.61	%		324,420		—		324,420
Tucson La Encantada		03/01/22		4.23	%		73,861		—		73,861
Pacific View		04/01/22		4.08	%		137,744		—		137,744
Oaks, The		06/05/22		4.14	%		217,164		—		217,164
Chesterfield Towne Center		10/01/22		4.80	%		110,000		—		110,000
Westside Pavilion		10/01/22		4.49	%		153,986		—		153,986
Towne Mall		11/01/22		4.48	%		23,273		—		23,273
Deptford Mall		04/03/23		3.76	%		204,358		—		204,358

Total Fixed Rate Debt for Consolidated Assets				4.36	%	$	3,969,681	$	—	$	3,969,681

SanTan Village Regional Center(f)		06/13/13		2.61	%	$	—	$	117,222	$	117,222
Wilton Mall		08/01/13		1.21	%		—		40,000		40,000
Promenade at Casa Grande(g)		12/30/13		5.21	%		—		33,920		33,920
Paradise Valley Mall(h)		08/31/14		6.30	%		—		80,250		80,250
Victor Valley, Mall of		11/06/14		2.11	%		—		90,000		90,000
Vintage Faire Mall		04/27/15		3.49	%		—		135,000		135,000
Twenty Ninth Street		01/18/16		3.04	%		—		107,000		107,000
The Macerich Partnership L.P.—Line of Credit(h)		05/02/16		2.74	%		—		635,000		635,000
Northgate Mall(h)		03/01/17		3.08	%		—		64,000		64,000
Fashion Outlets of Chicago(h)(i)		03/05/17		3.00	%		—		20,975		20,975
The Macerich Partnership L.P.—Term Loan		12/08/18		2.56	%		—		125,000		125,000

Total Floating Rate Debt for Consolidated Assets				3.00	%	$	—	$	1,448,367	$	1,448,367

Total Debt for Consolidated Assets				4.00	%	$	3,969,681	$	1,448,367	$	5,418,048

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



	As of March 31, 2013
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):
Tysons Corner Center (50%)		02/17/14		4.78	%	$	150,755		$	—		$	150,755
Biltmore Fashion Park (50%)		10/01/14		8.25	%		29,184			—			29,184
Lakewood Center (51%)		06/01/15		5.43	%		127,500			—			127,500
Broadway Plaza (50%)		08/15/15		6.12	%		70,373			—			70,373
Camelback Colonnade (73.2%)		10/12/15		4.82	%		34,423			—			34,423
Washington Square (51%)		01/01/16		6.04	%		120,310			—			120,310
North Bridge, The Shops at (50%)		06/15/16		7.52	%		98,561			—			98,561
West Acres (19%)		10/01/16		6.41	%		11,590			—			11,590
Corte Madera, The Village at (50.1%)		11/01/16		7.27	%		38,657			—			38,657
Stonewood Center (51%)		11/01/17		4.67	%		55,199			—			55,199
Kierland Commons (50%)(h)		01/02/18		3.19	%		67,500			—			67,500
Los Cerritos Center (51%)		07/01/18		4.50	%		99,341			—			99,341
Scottsdale Fashion Square (50%)		04/03/23		3.02	%		262,500			—			262,500
Queens Center (51%)		01/01/25		3.65	%		306,000			—			306,000
Wilshire Boulevard (30%)		01/01/33		6.35	%		1,680			—			1,680

Total Fixed Rate Debt for Unconsolidated Assets				4.69	%	$	1,473,573		$	—		$	1,473,573

Pacific Premier Retail Trust (51%)		11/03/13		4.97	%	$	—		$	58,650		$	58,650
Boulevard Shops (50%)		12/16/13		3.26	%		—			10,277			10,277
Estrella Falls, The Market at (39.7%)		06/01/15		3.16	%		—			13,315			13,315
Inland Center (50%)		04/01/16		3.45	%		—			25,000			25,000
Superstition Springs Center (66.7%)		10/28/16		2.81	%		—			45,000			45,000
Ridgmar Mall (50%)		04/11/17		2.96	%		—			26,000			26,000

Total Floating Rate Debt for Unconsolidated Assets				3.68	%	$	—		$	178,242		$	178,242

Total Debt for Unconsolidated Assets				4.58	%	$	1,473,573		$	178,242		$	1,651,815

Total Debt				4.13	%	$	5,443,254		$	1,626,609		$	7,069,863

Percentage to Total							76.99	%		23.01	%		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 negotiating with the loan servicer for Fiesta Mall, which will likely result in a transition of the asset to the loan servicer or receiver.
(c): This property is owned by a consolidated joint venture. The above debt balance represents the Company's pro rata share of 50.0%.
(d): This property is owned by a consolidated joint venture. The above debt balance represents the Company's pro rata share of 50.1%.
(e): On January 3, 2013, the Company exercised an option to borrow an additional $146 million on the loan.
(f): This property is owned by a consolidated joint venture. The above debt balance represents the Company's pro rata share of 84.9%. The Company's joint venture has entered into a commitment to refinance this loan with a $138 million mortgage bearing interest at 3.09% for six years. Closing is expected in early June.
(g): This property is owned by a consolidated joint venture. The above debt balance represents the Company's pro rata share of 51.3%.
(h): The maturity date assumes that all extension options are fully exercised and that the Company and/or its affiliates do not opt to refinance the debt prior to these dates.
(i): This property is owned by a consolidated joint venture. The above debt balance represents the Company's pro rata share of 60.0%.

The Macerich Company

Supplemental Financial and Operating Information (Unaudited)

Development Pipeline Forecast

(Dollars in millions)

as of March 31, 2013

In-Process Developments and Redevelopments:

Property	Project Type				Total Project Cost at 100% (a)(c)				Total Project Cost Pro-Rata (a)(c)		Pro Rata Capitalized Costs at 3/31/2013(a)(c)


Fashion Outlets of Chicago Rosemont, IL	Ground Up—Outlet Center Development	526,000	11	%	$	211.0	60	%	$	126.6	$	67.1	August 2013
Fashion Outlets of Niagara Falls USA Niagara Falls, NY	Expansion of existing Outlet Center	172,000	10	%	$	73.0	100	%	$	73.0	$	10.0	2014 - 2015
Tysons Corner Center McLean, VA	Redevelopment—Office, Residential & Hotel	1,386,000	8	%	$	513.1	50	%	$	256.6	$	66.6	2014

Total					$	797.1			$	456.2	$	143.7

Shadow Pipeline of Developments and Redevelopments(d):

Property	Project Type		Return(a)(b)	Total Project Cost at 100% (a)(c)			Total Project Cost Pro-Rata (a)(c)	Pro Rata Capitalized Costs at 3/31/2013(a)(c)


Broadway Plaza Walnut Creek, CA	Expansion—New Retail Space	200,000	TBD	$240 - $260	50.0	%	$120 - $130	$	3.5	2015 - 2017
Estrella Falls Mall Goodyear, AZ	Ground Up—Regional Shopping Center Development	950,000	TBD	$225 - $275	86.6	%	$195 - $238	$	30.8	2016 - 2017
Green Acres Mall Valley Stream, NY	Big Box addition and anchor expansion / repositioning	TBD	TBD	$50 - $100	100	%	$50 - $100	$	—	2015 - 2016
Kings Plaza Shopping Center Brooklyn, NY	Major Remerchandising and redemising	TBD	TBD	$75 - $100	100	%	$75 - $100	$	0.2	2014 - 2016
500 North Michigan Avenue (contiguous to The Shops at North Bridge) Chicago, IL	Redevelopment/Street Retail	TBD	TBD	$25 - $25	100	%	$25 - $25	$	0.1	2014 - 2015
Paradise Valley Mall Phoenix, AZ	Redevelopment— including a Theater	TBD	TBD	$25 - $40	100	%	$25 - $40	$	0.2	2014 - 2016

Total			8% - 10%	$640 - $800			$490 - $633	$	34.8

(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 affect the information provided in this table.
(b): Estimated Return is calculated based on stabilized income after development divided by project direct costs excluding GAAP allocations of non-cash and indirect costs.
(c): This excludes GAAP allocations of non-cash and indirect costs.
(d): This section includes potential developments or redevelopments that the Company is considering. The scope of these projects may change. Average returns are expected to be 8% to 10%. There is no certainty that the Company will develop any or all of these potential projects.

The Macerich Company

Corporate Information

Stock Exchange Listing

New York Stock Exchange
Symbol: MAC

The following table shows high and low sales prices per share of common stock during each quarter in 2013, 2012 and 2011 and dividends per share of common stock declared and paid by quarter:



	Market Quotation per Share				Dividends
Quarter Ended:	High		Low		Declared and Paid
March 31, 2011	$	50.80	$	45.69	$	0.50
June 30, 2011	$	54.65	$	47.32	$	0.50
September 30, 2011	$	56.50	$	41.96	$	0.50
December 31, 2011	$	51.30	$	38.64	$	0.55
March 31, 2012	$	58.08	$	49.67	$	0.55
June 30, 2012	$	62.83	$	54.37	$	0.55
September 30, 2012	$	61.80	$	56.02	$	0.55
December 31, 2012	$	60.03	$	54.32	$	0.58
March 31, 2013	$	64.47	$	54.32	$	0.58

Dividend Reinvestment Plan

Stockholders may automatically reinvest their dividends in additional common stock of the Company through the Direct Investment Program, which also provides for purchase by voluntary cash contributions. For additional information, please contact Computershare Trust Company, N.A. at 800-567-0169.



Corporate Headquarters The Macerich Company 401 Wilshire Boulevard, Suite 700 Santa Monica, California 90401 310-394-6000 www.macerich.com		Transfer Agent Computershare Trust Company, N.A. P.O. Box 43078 Providence, Rhode Island 02940-3078 800-567-0169 www.computershare.com

Macerich Website

For an electronic version of our annual report, our SEC Filings and documents relating to Corporate Governance, please visit www.macerich.com.

Investor Relations


Jean Wood Vice President, Investor Relations Phone: 310-899-6366 jean.wood@macerich.com		John Perry Senior Vice President, Investor Relations Phone: 310-394-6000 john.perry@macerich.com

QuickLinks

Exhibit 99.2

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