<ARTICLE>                     5
<LEGEND>
THE CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF OPERATIONS FOUND
ON PAGES 1 AND 2 OF THE COMPANY'S FORM 10Q FOR THE YEAR.
</LEGEND>
<CIK>                         0000912242
<NAME>                        THE MACERICH COMPANY
<MULTIPLIER>                  1,000
<CURRENCY>                    0

                             
<PERIOD-TYPE>                 3-MOS
<FISCAL-YEAR-END>             DEC-31-2000
<PERIOD-START>                JAN-01-2000
<PERIOD-END>                  MAR-31-2000
<EXCHANGE-RATE>               1
<CASH>                        30,756
<SECURITIES>                  0
<RECEIVABLES>                 28,155
<ALLOWANCES>                  0
<INVENTORY>                   0
<CURRENT-ASSETS>              0
<PP&E>                        2,181,722
<DEPRECIATION>                (255,382)
<TOTAL-ASSETS>                2,382,249
<CURRENT-LIABILITIES>         56,260
<BONDS>                       1,563,017
<PREFERRED-MANDATORY>         0
<PREFERRED>                   91
<COMMON>                      341
<OTHER-SE>                    608,496
<TOTAL-LIABILITY-AND-EQUITY>  2,382,249
<SALES>                       0
<TOTAL-REVENUES>              75,303
<CGS>                         0
<TOTAL-COSTS>                 25,369
<OTHER-EXPENSES>              15,457
<LOSS-PROVISION>              0
<INTEREST-EXPENSE>            28,151
<INCOME-PRETAX>               0
<INCOME-TAX>                  0
<INCOME-CONTINUING>           6,326
<DISCONTINUED>                0
<EXTRAORDINARY>               0
<CHANGES>                     0
<NET-INCOME>                  6,326
<EPS-BASIC>                   0.19
<EPS-DILUTED>                 0.19