How does Macerich attract shoppers?
Macerich operates as a self-administered real estate investment trust that generates its revenue primarily by owning, leasing, and managing upscale retail real estate properties across the United States. The company makes money predominantly by collecting base minimum rental income and overage rents from a wide array of retail tenants, including department stores, specialty apparel shops, restaurants, and entertainment venues occupying space within its shopping centers. Additional income streams are derived from common area maintenance charges, real estate tax and utility expense recoveries billed to tenants, temporary leasing kiosks, parking fees, sponsorship advertising partnerships, and fees generated from providing property management services to joint-venture real estate developments.
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