Macerich Co

In a Stage 2 advancing regime with accelerating Parabola-driven momentum, the medium-term bias remains firmly bullish. However, short-term indicators are extreme overbought and price is extended well above the EMAs. We will defer new entries and stalk for a pullback into the rising EMAs or the prior breakout zone for a structurally favorable long entry.

• ↑Q1 2026 revenue $168M (+7.4% YoY) and FFO $0.34 per share (+3.9%).
• ↑Leased 1.6M sq ft in Q1 (+160% YoY), driving occupancy toward 88-89%.
• ↓Weak profitability factors hamper margin growth and FFO expansion.