| Business Summary | | Macerich
Company
is
involved
in
the
acquisition,
ownership,
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.
(the
Operating
Partnership).
The
Operating
Partnership
owns
or
has
an
ownership
interest
in
46
regional
shopping
centers
and
five
community
shopping
centers,
aggregating
approximately
42
million
square
feet
of
gross
leasable
area
.The
Company
is
a
self-administered
and
self-managed
real
estate
investment
trust
and
conducts
all
of
its
operations
through
the
Operating
Partnership
and
the
Company's
three
management
companies,
Macerich
Property
Management
Company,
Macerich
Manhattan
Management
Company
and
Macerich
Management
Company. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MAC
is
an
equity
REIT
involved
in
the
acquisition,
ownership,
redevelopment,
management
and
leasing
of
regional
and
community
shopping
centers
nationwide.
For
the
six
months
ended
6/30/01,
revenues
rose
5%
to
$158.5
million.
Net
income
applicable
to
Common,
before
extraordinary
item
and
accounting
change
fell
10%
to
$13.4
million.
Revenues
reflect
increased
rent
from
Same
and
Redevelopment
Centers.
Net
income
reflects
higher
property
taxes
and
a
greater
loss
on
the
sale
of
assets. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Mace Siegel, 75 Chairman | $368K | -- | Arthur Coppola, 49 Pres,
CEO, Director | 1.4M | -- | Dana Anderson, 66 Vice
Chairman | 315K | $13K | Thomas O'Hern, 45 CFO,
Exec. VP, Treasurer | 645K | -- | David Contis, 42 COO,
Exec. VP | 756K | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|