Form 8-K

8-K — MACERICH CO

Accession: 0001193125-26-335240

Filed: 2026-08-05

Period: 2026-08-05

CIK: 0000912242

SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — d169476d8k.htm (Primary)

EX-1.2 (d169476dex12.htm)

EX-5.1 (d169476dex51.htm)

EX-5.2 (d169476dex52.htm)

EX-5.3 (d169476dex53.htm)

EX-5.4 (d169476dex54.htm)

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8-K

8-K (Primary)

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8-K

MACERICH CO false 0000912242 0000912242 2026-08-05 2026-08-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of Earliest Event Reported): August 5, 2026

THE MACERICH COMPANY

(Exact Name of Registrant as Specified in Charter)

Maryland

1-12504

95-4448705

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

401 Wilshire Boulevard, Suite 700, Santa Monica, California 90401

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (310) 394-6000

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

symbol(s)

Name of each exchange

on which registered

Common stock of The Macerich Company, $0.01 par value per share

MAC

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 8.01.

OTHER EVENTS.

On August 5, 2026, The Macerich Company (the “Company”) filed with the U.S. Securities and Exchange Commission (the “SEC”) an automatic shelf registration statement on Form S-3 (the “New Registration Statement”) to replace the Company’s existing automatic shelf registration statement on Form S-3 (No. 333-273707) filed with the SEC on August 4, 2023 (the “Prior Registration Statement”), which expired on August 4, 2026 pursuant to Rule 415(a)(5) under the Securities Act of 1933, as amended.

Continued Offerings

In connection with the filing of the New Registration Statement, the Company also filed four prospectus supplements that will continue offerings that were previously covered by prospectus supplements and the accompanying prospectus to the Prior Registration Statement relating to:

(a)

the offer and sale, from time to time, of shares of common stock, par value $0.01 per share (the “Common Stock”), having an aggregate offering price of up to $500,000,000 pursuant to the terms of the Amended Equity Distribution Agreement (as defined herein) relating to the Company’s existing “at the market” offering program (the “ATM Prospectus Supplement”), of which, as of the date of the ATM Prospectus Supplement, shares of Common Stock having an aggregate offering price of $211,500,207 have been sold and shares of Common Stock having an aggregate offering price up to $288,499,793 remain available for offer and sale under such program (the “ATM Program”);

(b)

the issuance of up to an aggregate of 122,595 shares of Common Stock that may be issued to holders of (i) common units (“MACWH Units”) of limited partnership interest in MACWH, LP, a Delaware limited partnership (“MACWH”), and those MACWH Units that may be issued in the future upon conversion of the Class A convertible preferred units (“MACWH CPUs”) of limited partnership interest in MACWH, upon tender of those MACWH Units for redemption; (ii) MACWH CPUs, upon tender of those MACWH CPUs for redemption; (iii) common units (“OP Units”) of limited partnership interest in The Macerich Partnership, L.P., a Delaware limited partnership (the “Operating Partnership”), issued upon conversion of Series D preferred units of limited partnership interest in the Operating Partnership (the “Series D Preferred Units”), upon tender of those OP Units for redemption; and (iv) MACWH Units, MACWH CPUs and Series D Preferred Units as a result of adjustments made to the conversion ratio or factor of those units (the “MACWH Prospectus Supplement”);

(c)

the issuance of up to 148,305 shares of Common Stock that may be issued upon redemption of OP Units distributed to holders of OP Units and long term incentive plan units of limited partnership interest of the Operating Partnership (the “OP Unit Prospectus Supplement”); and

(d)

the resale of up to 13,453,613 shares of Common Stock that may be issued upon redemption of OP Units (the “Resale Prospectus Supplement”).

The Company will contribute the net proceeds from any sales of shares of Common Stock under the ATM Program to the Operating Partnership in exchange for OP Units that have economic interests substantially similar to those of the Common Stock. The Operating Partnership intends to use the net proceeds from the offering under the ATM Program to repay indebtedness outstanding from time to time and for general corporate purposes. The Company will not receive any proceeds from the sale of the shares covered by the MACWH Prospectus Supplement, the OP Unit Prospectus Supplement or the Resale Prospectus Supplement.

Copies of the legal opinions of the Company’s counsel, Venable LLP, relating to the legality of the shares of Common Stock covered by the prospectus supplements described above, are attached hereto as Exhibits 5.1, 5.2, 5.3 and 5.4 and are incorporated herein by reference and into the New Registration Statement.

ATM Program and Amended Equity Distribution Agreement

On August 5, 2026, in connection with filing the ATM Prospectus Supplement, the Company entered into Amendment No. 1 to Equity Distribution Agreement (“Amendment No. 1”) with J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., BMO Capital Markets Corp., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC, the sales agents under the ATM Program, to include Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc. as additional sales agents for the ATM Program.

The Company previously entered into the Equity Distribution Agreement, dated as of November 12, 2024 (the “Equity Distribution Agreement”), with the sales agents party thereto, as amended by Amendment No. 1 (the “Amended Equity Distribution Agreement”).

The foregoing description of Amendment No. 1 does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Equity Distribution Agreement and Amendment No. 1, which are included as Exhibits 1.1 and 1.2 hereto and are incorporated by reference herein.

This Current Report shall not constitute an offer to sell or the solicitation of an offer to buy any security, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

ITEM 9.01.

FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

Exhibit

Number

Description

1.1

Equity Distribution Agreement, dated as of November 12, 2024, by and among The Macerich Company and J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, BMO Capital Markets Corp. and TD Securities (USA) LLC (incorporated by reference as an exhibit to the Company’s Current Report on Form 8-K, event date November 12, 2024)

1.2

Amendment No. 1 to Equity Distribution Agreement, dated as of August 5, 2026, by and among The Macerich Company and J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., BMO Capital Markets Corp., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC

5.1

Opinion of Venable LLP regarding the legality of the shares offered

5.2

Opinion of Venable LLP regarding the legality of the shares offered

5.3

Opinion of Venable LLP regarding the legality of the shares offered

5.4

Opinion of Venable LLP regarding the legality of the shares offered

23.1

Consent of Venable LLP (included in Exhibit 5.1, Exhibit 5.2, Exhibit 5.3 and Exhibit 5.4)

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, The Macerich Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

THE MACERICH COMPANY

By: DANIEL E. SWANSTROM II

August 5, 2026

/s/ Daniel E. Swanstrom II

Date

Senior Executive Vice President,

Chief Financial Officer and Treasurer

EX-1.2

Filename: d169476dex12.htm · Sequence: 2

EX-1.2

Exhibit 1.2

THE MACERICH COMPANY

$500,000,000

Common

Stock

($0.01 par value per share)

AMENDMENT NO. 1 TO

EQUITY DISTRIBUTION AGREEMENT

August 5, 2026

J.P. Morgan Securities LLC

270 Park Avenue

New York, New York 10017

Morgan Stanley & Co. LLC

1585

Broadway

New York, New York 10036

Deutsche Bank Securities Inc.

1 Columbus

Circle

New York, New York 10019

Scotia Capital (USA) Inc.

250 Vesey Street,

24th Floor

New York, New York 10281

BMO Capital Markets Corp.

151 West 42nd Street, 32nd Floor

New York, New York

10036

TD Securities (USA) LLC

1 Vanderbilt Avenue

New York, New York 10017

Goldman Sachs & Co. LLC

200 West

Street

New York, New York 10282

Ladies and Gentlemen:

Reference is made to the Equity Distribution Agreement, dated as of November 12, 2024 (the “Agreement”), by and among

The Macerich Company, a Maryland corporation (the “Company”), J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, BMO Capital Markets Corp. and TD Securities (USA) LLC (each, an

“Existing Manager” and, collectively, the “Existing Managers”), pursuant to which the Company proposed to issue and sell through or to the Existing Managers, as sales agents and/or principals, shares of the

Company’s common stock, par value $0.01 per share, having an aggregate offering price of up to $500,000,000.

On August 5, 2026, the Company filed with the Securities and Exchange Commission (the

“Commission”) an automatic shelf registration statement on Form S-3 (File No. 333-297985) (the “registration

statement”) which became effective upon filing under the Securities Act of 1933, as amended, and the rules and regulations thereunder (collectively, the “Act”), following the expiration of the Company’s

prior automatic shelf registration statement on Form S-3 (File No. 333-273707) (the “Expired Registration Statement”). The Company and

each of the Existing Managers hereby agree to amend the Agreement to (i) add Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc. (together with the Existing Managers, the “Managers”) as managers pursuant to the

terms of the Agreement and (ii) reference the registration statement instead of the Expired Registration Statement, and Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc. hereby agree to become party to the Agreement, as amended,

and subject to all of the provisions, terms and conditions contained therein. All capitalized terms used in this Amendment No. 1 to Equity Distribution Agreement (this “Amendment”) and not otherwise defined herein

shall have the respective meanings assigned to such terms in the Agreement. The Company and the Managers agree as follows:

Section 1.

Amendments to Agreement. The Agreement is amended as follows, effective as of the date hereof.

The preamble of the Agreement is hereby deleted and replaced with the following:

“The Macerich Company, a Maryland corporation (the “Company”), confirms its agreement (this

“Agreement”) with J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., BMO Capital Markets Corp., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC and

any such other manager that may become a party hereto, as described below (each, a “Manager” and, collectively, the “Managers”), as follows:”

The fourth sentence of Section 1 of the Agreement is hereby deleted and replaced with the following:

“All references herein to the Managers shall mean J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., BMO

Capital Markets Corp., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC, as the exclusive Managers, for so long as no additional Managers become a party hereto.”

Section 2(a) of the Agreement is hereby deleted and replaced with the following:

“The Company prepared and filed with the Securities and Exchange Commission (the “Commission”) an automatic shelf

registration statement on Form S-3 (File No. 333-297985) (the “2026 registration statement”) which became effective upon filing under the

Securities Act of 1933, as amended, and the rules and regulations thereunder (collectively, the “Act”); the Registration Statement (as defined below) and the Prospectus Supplement (as defined below) set forth the terms of an

offering, sale and plan of distribution of Common Stock and/or other securities of the Company and contain or incorporate therein by reference additional information concerning the

Company and its business; no order of the Commission preventing or suspending the use of the Base Prospectus (as defined below), the Prospectus Supplement (as defined below), the Prospectus (as

defined below) or any Issuer Free Writing Prospectus (as defined in Section 2(f) below), or the effectiveness of the Registration Statement, has been issued or is in effect, and no proceeding for that purpose has been

initiated or threatened by the Commission, and no notice of objection of the Commission to the use of the Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Act has been received by the Company. As

filed, the Prospectus shall contain in all material respects the information required by the Act and the rules thereunder, and, except to the extent the Managers shall agree in writing prior to a modification, the Prospectus (as amended or

supplemented) shall be in all substantive respects in the form furnished to the Managers (i) prior to the execution of this Agreement or (ii) after the execution of this Agreement, pursuant to the Company’s agreement in

Section 4(a). Except where the context otherwise requires, “Registration Statement,” as used herein, means the 2026 registration statement, as amended at the time of such registration statement’s

effectiveness for purposes of Section 11 of the Act (the “Effective Time”), as such section applies to the Managers, and each further registration statement filed by the Company for the purpose of registering additional

Shares to be sold pursuant to this Agreement (or, on and after the date on which the Shares may no longer be offered and sold pursuant to any such registration statement, any such further registration statement filed by the Company for the purpose

of continuing the offering of the Shares following such date), including (i) all documents filed as a part thereof or incorporated or deemed to be incorporated by reference therein, (ii) any information contained or incorporated by

reference in a prospectus filed with the Commission pursuant to Rule 424(b) under the Act, to the extent such information is deemed, pursuant to Rule 430B or Rule 430C under the Act, to be part of the Registration Statement at the Effective Time,

and (iii) any registration statement filed to register the offer and sale of Shares pursuant to Rule 462(b) under the Act. Except where the context otherwise requires, “Base Prospectus,” as used herein, means the base

prospectus filed as part of the Registration Statement. Except where the context otherwise requires, “Prospectus Supplement,” as used herein, means the most recent final prospectus supplement, relating to the Shares, filed by the

Company with the Commission pursuant to Rule 424(b) under the Act within the time period prescribed therein, in the form furnished by the Company to each Manager in connection with the offering of the Shares. Except where the context otherwise

requires, “Prospectus,” as used herein, means the Prospectus Supplement together with the Base Prospectus attached to or used with the Prospectus Supplement. “Permitted Free Writing Prospectuses,” as used

herein, means the documents listed on Schedule B hereto. Any reference herein to the Registration Statement, the Base Prospectus, the Prospectus Supplement, the Prospectus or any Permitted Free Writing Prospectus shall be deemed to refer to

and include the documents, if any, incorporated by reference, or deemed to be incorporated by reference, therein (the “Incorporated Documents”), including, unless the context otherwise requires, the documents, if any, filed as

exhibits to such Incorporated Documents. Any reference herein to the terms “amend,” “amendment” or “supplement” with respect to the Registration Statement, the Base Prospectus, the Prospectus

Supplement, the Prospectus or any Permitted Free Writing Prospectus shall

be deemed to refer to and include the filing of any document by the Company under the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder (collectively, the

“Exchange Act”), on or after the initial effective date of the Registration Statement, or the date of such Base Prospectus, the Prospectus Supplement, the Prospectus or such Permitted Free Writing Prospectus, as the case may be,

and deemed to be incorporated therein by reference.”

Section 2(b) of the Agreement is hereby deleted and replaced with the following:

“On and after the date that the 2026 registration statement is not available for the sales of the Shares as contemplated by this

Agreement or the Company is not a “well-known seasoned issuer” as defined in Rule 405 under the Act or otherwise is unable to make the representations set forth in Section 2(c) at any time when such

representations are required, the Company shall file a new registration statement for the purpose of continuing the offering of the Shares and shall cause such registration statement to become effective as promptly as practicable. After the

effectiveness of any such registration statement, all references to “Registration Statement” included in this Agreement shall be deemed to include such new registration statement, including all documents incorporated by reference

therein pursuant to Item 12 of Form S-3, and all references to “Base Prospectus” included in this Agreement shall be deemed to include the final form of prospectus, including all documents

incorporated therein by reference, included in any such registration statement at the time such registration statement became effective.”

The first sentence of Section 9 of the Agreement is hereby amended by adding the following notice

information for Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc.:

“Morgan Stanley & Co.

LLC, 1585 Broadway, New York, NY 10036, Attention: Equity Syndicate Desk, with a copy to the Legal Department”

“Scotia

Capital (USA) Inc., 250 Vesey Street, 24th Floor, New York, New York 10281, Attention: US ECM, Email: US.ECM@scotiabank.com, with a copy to: Email: US.Legal@scotiabank.com”

Schedule A to the Agreement is hereby deleted in its entirety and replaced by Schedule A to this Amendment.

Section 2. Obligations Binding upon Morgan Stanley & Co. LLC and Scotia Capital (USA)

Inc. Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc. hereby each agree to be bound by the terms of the Agreement and shall be considered to be “Managers” under the Agreement and shall be subject to the obligations and

entitled to the benefits thereof to the same extent as if they were parties to the Agreement from and after the date hereof.

Section 3. Waiver. Solely with respect to the filing of the registration statement, each of the undersigned Existing Managers

hereby agree that the non-compliance by the Company with the requirements set forth in Section 4(y) of the Agreement relating to the Company filing a new automatic shelf registration statement prior to

the Renewal Deadline is waived.

Section 4. No Other Amendments. Except as set forth in Section 1 above, all

the terms and provisions of the Agreement shall continue in full force and effect, and nothing contained herein shall affect any rights as to representations or indemnity for sales under the Expired Registration Statement.

Section 5. Counterparts and Electronic Signatures. This Amendment may be executed by any one or more of the parties hereto in any

number of counterparts, each of which shall be deemed to be an original, but all such respective counterparts shall together constitute one and the same instrument. The words “execution,” “signed,” “signature,”

“delivery,” and words of like import in or relating to this Amendment or any document to be signed in connection with this Amendment shall be deemed to include electronic signatures, deliveries or the keeping of records in electronic

form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, and the parties hereto consent to

conduct the transactions contemplated hereunder by electronic means.

Section 6. Law; Construction. THIS AMENDMENT AND ANY

CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, INCLUDING, WITHOUT LIMITATION,

SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW.

[Signature Pages

Follow]

If the foregoing correctly sets forth the understanding among the Company and the Managers,

please so indicate in the space provided below for that purpose, whereupon this Amendment and your acceptance shall constitute a binding agreement among the Company and the Managers.

Very truly yours,

THE MACERICH COMPANY

By:

/s/ Daniel E. Swanstrom II

Name: Daniel E. Swanstrom II.

Title: Senior Executive Vice President, Chief Financial Officer and

Treasurer

ACCEPTED as of the date first above written:

J.P. MORGAN SECURITIES LLC

By:

/s/ Preston T. Ryman

Name: Preston Ryman

Title: Vice President

DEUTSCHE BANK SECURITIES INC.

By:

/s/ Justin Smolkin

Name: Justin Smolkin

Title: Managing Director

By:

/s/ Saru Pasupathy

Name: Saru Pasupathy

Title: Director

[Signature Page to

Amendment No. 1 to Equity Distribution Agreement]

BMO CAPITAL MARKETS CORP.

By:

/s/ Eric Benedict

Name: Eric Benedict

Title: Co-Head, Global Equity Capital Markets

GOLDMAN SACHS & CO. LLC

By:

/s/ Ryan Cunn

Name: Ryan Cunn

Title: Managing Director

MORGAN STANLEY & CO. LLC

(except with respect to Section 3 above)

By:

/s/ Daniel Croitoru

Name: Daniel Croitoru

Title: Vice President

SCOTIA CAPITAL (USA) INC.

(except with respect to Section 3 above)

By:

/s/ Tim Mann

Name: Tim Mann

Title: Managing Director

TD SECURITIES (USA) LLC

By:

/s/ Adriano Pierroz

Name: Adriano Pierroz

Title: Director

[Signature Page to

Amendment No. 1 to Equity Distribution Agreement]

SCHEDULE A

Managers

J.P. Morgan Securities LLC

270 Park Avenue

New York, New York 10017

Deutsche Bank Securities Inc.

1 Columbus Circle

New York, New York 10019

BMO Capital Markets Corp.

151 West 42nd Street, 32nd Floor

New York, New York 10036

Goldman Sachs & Co. LLC

200 West Street

New York, New York 10282

Morgan Stanley & Co. LLC

1585 Broadway

New York, New York 10036

Scotia Capital (USA) Inc.

250 Vesey Street, 24th Floor

New York, New York 10281

TD Securities (USA) LLC

1 Vanderbilt Avenue

New York, New York 10017

EX-5.1

Filename: d169476dex51.htm · Sequence: 3

EX-5.1

Exhibit 5.1

August 5, 2026

The Macerich Company

401 Wilshire Boulevard

Suite 700

Santa Monica, California 90401

Re:

Registration Statement on Form S-3

Ladies and Gentlemen:

We have served as Maryland counsel to The Macerich Company, a Maryland corporation (the “Company”), in connection with certain

matters of Maryland law arising out of the registration by the Company of shares of its common stock, par value $0.01 per share (“Common Stock”), having an aggregate offering price of up to $500,000,000 (the “Shares”), which

may be sold from time to time pursuant to an Equity Distribution Agreement, dated as of November 12, 2024, by and among the Company and (a) J.P. Morgan Securities LLC, (b) Deutsche Bank Securities Inc., (c) BMO Capital Markets Corp.,

(d) Goldman Sachs & Co. LLC and (e) TD Securities (USA) LLC, as amended by Amendment No. 1 to the Equity Distribution Agreement, dated as of August 5, 2026 (as amended, the “Equity Distribution Agreement”) to add

Morgan Stanley & Co. LLC and Scotia Capital (USA), Inc. This firm did not participate in the drafting or negotiation of the Equity Distribution Agreement.

In connection with our representation of the Company, and as a basis for the opinion hereinafter set forth, we have examined originals, or

copies certified or otherwise identified to our satisfaction, of the following documents (hereinafter collectively referred to as the “Documents”):

1. The Registration Statement on Form S-3 (the “Registration Statement”), in the form in

which it was transmitted to the U.S. Securities and Exchange Commission (the “Commission”) for filing on August 5, 2026 under the Securities Act of 1933, as amended (the “1933 Act”);

2. The prospectus, dated August 5, 2026, that forms a part of the Registration Statement and the prospectus supplement, dated

August 5, 2026 (the “Prospectus Supplement”), in the form in which it was transmitted to the Commission for filing pursuant to Rule 424(b) of the General Rules and Regulations promulgated under the 1933 Act;

3. The charter of the Company (the “Charter”), certified by the State Department of Assessments and Taxation of Maryland (the

“SDAT”);

The Macerich

Company

August 5, 2026

Page

4. The Amended and Restated Bylaws of the Company, certified as of the date hereof by an

officer of the Company;

5. A certificate of the SDAT as to the good standing of the Company, dated as of a recent date;

6. Resolutions adopted by the Board of Directors of the Company (the “Resolutions”), relating to, among other matters,

(a) the authorization of the execution and delivery by the Company of the Equity Distribution Agreement and (b) the sale and issuance of the Shares, certified as of the date hereof by an officer of the Company;

7. The Equity Distribution Agreement;

8. A certificate executed by an officer of the Company, dated as of the date hereof; and

9. Such other documents and matters as we have deemed necessary or appropriate to express the opinion set forth below, subject to the

assumptions, limitations and qualifications stated herein.

In expressing the opinion set forth below, we have assumed the following:

1. Each individual executing any of the Documents, whether on behalf of such individual or another person, is legally competent to do so.

2. Each individual executing any of the Documents on behalf of a party (other than the Company) is duly authorized to do so.

3. Each of the parties (other than the Company) executing any of the Documents has duly and validly executed and delivered each of the

Documents to which such party is a signatory, and such party’s obligations set forth therein are legal, valid and binding and are enforceable in accordance with all stated terms.

4. All Documents submitted to us as originals are authentic. The form and content of all Documents submitted to us as unexecuted drafts do not

differ in any respect relevant to this opinion from the form and content of such Documents as executed and delivered. All Documents submitted to us as certified or photostatic copies conform to the original documents. All signatures on all Documents

are genuine. All public records reviewed or relied upon by us or on our behalf are true and complete. All representations, warranties, statements and information contained in the Documents are true and complete. There has been no oral or written

modification of or amendment to any of the Documents, and there has been no waiver of any provision of any of the Documents, by action or omission of the parties or otherwise.

The Macerich

Company

August 5, 2026

Page

5. The Shares will not be issued or transferred in violation of the restrictions or

limitations contained in Article EIGHTH of the Charter.

6. Upon the issuance of any of the Shares, the total number of shares of Common

Stock issued and outstanding will not exceed the total number of shares of Common Stock that the Company is then authorized to issue under the Charter.

Based upon the foregoing, and subject to the assumptions, limitations and qualifications stated herein, it is our opinion that:

1. The Company is a corporation duly incorporated and existing under and by virtue of the laws of the State of Maryland and is in good standing

with the SDAT.

2. The issuance of the Shares has been duly authorized and, when issued and delivered by the Company in accordance with

the Prospectus Supplement, the Resolutions and the Equity Distribution Agreement against payment of the consideration set forth therein, the Shares will be validly issued, fully paid and nonassessable.

The foregoing opinion is limited to the laws of the State of Maryland, and we do not express any opinion herein concerning any other law. We

express no opinion as to the applicability or effect of federal or state securities laws, including the securities laws of the State of Maryland. To the extent that any matter as to which our opinion is expressed herein would be governed by the laws

of any jurisdiction other than the State of Maryland, we do not express any opinion on such matter. The opinion expressed herein is subject to the effect of any judicial decision which may permit the introduction of parol evidence to modify the

terms or the interpretation of agreements.

The opinion expressed herein is limited to the matters specifically set forth herein and no

other opinion shall be inferred beyond the matters expressly stated. We assume no obligation to supplement this opinion if any applicable law changes after the date hereof or if we become aware of any fact that might change the opinion expressed

herein after the date hereof.

The Macerich

Company

August 5, 2026

Page

This opinion is being furnished to you for submission to the Commission as an exhibit to the

Company’s Current Report on Form 8-K relating to the Shares (the “Current Report”), which is incorporated by reference in the Registration Statement. We hereby consent to the filing of this

opinion as an exhibit to the Current Report and the said incorporation by reference and to the use of the name of our firm therein. In giving this consent, we do not admit that we are within the category of persons whose consent is required by

Section 7 of the 1933 Act.

Very truly yours,

/s/ Venable LLP

EX-5.2

Filename: d169476dex52.htm · Sequence: 4

EX-5.2

Exhibit 5.2

August 5, 2026

The Macerich Company

401 Wilshire Boulevard

Suite 700

Santa Monica, California 90401

Re:

Registration Statement on Form S-3

Ladies and Gentlemen:

We have served as

Maryland counsel to The Macerich Company, a Maryland corporation (the “Company”), in connection with certain matters of Maryland law arising out of the issuance of up to 122,595 shares (the “Shares”) of common stock of the

Company, par value $0.01 per share (“Common Stock”), covered by the above-referenced Registration Statement on Form S-3 (as amended or supplemented, the “Registration Statement”) and

the Prospectus Supplement (as hereinafter defined), each filed by the Company with the U.S. Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “1933 Act”), on

August 5, 2026. A portion of the Shares (the “OP Shares”) are issuable from time to time by the Company to the holders of common units of limited partnership interest (“OP Common Units”) in The Macerich Partnership,

L.P., a Delaware limited partnership (the “Operating Partnership”), which may be issued upon conversion of Series D Preferred Units of limited partnership interest in the Operating Partnership into OP Common Units and redeemed by the

Company for the OP Shares. A portion of the Shares (the “MACWH Shares”) are issuable from time to time by the Company to the holders of (a) common units of limited partnership interest (“MACWH Common Units”) in MACWH,

LP, a Delaware limited partnership (“MACWH”), outstanding (the “Outstanding MACWH Common Units”) as of the date of the Prospectus Supplement and (b) MACWH Common Units (the “New MACWH Common Units”), which

may be issued upon conversion of the Class A Convertible Preferred Units of limited partnership interest in MACWH (“MACWH CPUs”) into MACWH Common Units, in each case upon redemption by the Company of the MACWH Common Units for the

MACWH Shares. A portion of the Shares (the “MACWH CPU Shares”) are issuable from time to time by the Company to the holders of MACWH CPUs which may be redeemed by the Company for the MACWH CPU Shares. The OP Shares, the MACWH Shares and

the MACWH CPU Shares are collectively referred to herein as the “Shares.”

In connection with our representation of the

Company, and as a basis for the opinion hereinafter set forth, we have examined originals, or copies certified or otherwise identified to our satisfaction, of the following documents (hereinafter collectively referred to as the

“Documents”):

1. The Registration Statement;

The Macerich Company

August 5, 2026

Page

2. The Prospectus, dated August 5, 2026, as supplemented by a Prospectus Supplement,

dated August 5, 2026 (the “Prospectus Supplement”), filed with the Commission pursuant to Rule 424(b) of the General Rules and Regulations promulgated under the 1933 Act;

3. The charter of the Company (the “Charter”), certified by the State Department of Assessments and Taxation of Maryland (the

“SDAT”);

4. The Amended and Restated Bylaws of the Company, certified as of the date hereof by an officer of the Company;

5. Resolutions adopted by the Board of Directors of the Company relating to, among other matters, the registration and issuance of the

Shares (the “Resolutions”), certified as of the date hereof by an officer of the Company;

6. A certificate of the SDAT as to

the good standing of the Company, dated as of a recent date;

7. The Amended and Restated Limited Partnership Agreement of the Operating

Partnership, as amended (the “OP Partnership Agreement”), certified as of the date hereof by an officer of the Company;

The 2005 Amended and Restated Agreement of Limited Partnership of MACWH (the “MACWH Partnership Agreement”), certified as of the date hereof by an officer of the Company;

9. A certificate executed by an officer of the Company, dated as of the date hereof; and

10. Such other documents and matters as we have deemed necessary or appropriate to express the opinion set forth below, subject to the

assumptions, limitations and qualifications stated herein.

In expressing the opinion set forth below, we have assumed the following:

1. Each individual executing any of the Documents, whether on behalf of such individual or another person, is legally competent to do so.

2. Each individual executing any of the Documents on behalf of a party (other than the Company) is duly authorized to do so.

The Macerich Company

August 5, 2026

Page

3. Each of the parties (other than the Company) executing any of the Documents has duly and

validly executed and delivered each of the Documents to which such party is a signatory, and such party’s obligations set forth therein are legal, valid and binding and are enforceable in accordance with all stated terms.

4. All Documents submitted to us as originals are authentic. The form and content of all Documents submitted to us as unexecuted drafts do not

modification of or amendment to any of the Documents, and there has been no waiver of any provision of any of the Documents, by action or omission of the parties or otherwise.

5. The Shares will not be issued or transferred in violation of the restrictions or limitations contained in Article EIGHTH of the Charter.

6. The OP Common Units will be validly issued in accordance with the terms of the OP Partnership Agreement.

7. The Outstanding MACWH Common Units and the MACWH CPUs have been, and the New MACWH Common Units will be, validly issued in accordance with

the terms of the MACWH Partnership Agreement.

8. Upon the issuance of any of the Shares, the total number of shares of Common Stock

issued and outstanding will not exceed the total number of shares of Common Stock that the Company is then authorized to issue under the Charter.

Based upon the foregoing, and subject to the assumptions, limitations and qualifications stated herein, it is our opinion that:

1. The Company is a corporation duly incorporated and existing under and by virtue of the laws of the State of Maryland and is in good standing

with the SDAT.

2. The issuance of the OP Shares has been duly authorized and, when and to the extent issued in accordance with the

Resolutions, the Prospectus Supplement and the OP Partnership Agreement, the OP Shares will be validly issued, fully paid and nonassessable.

3. The issuance of the MACWH Shares has been duly authorized and, when and to the extent issued in accordance with the Resolutions, the

Prospectus Supplement and the MACWH Partnership Agreement, the MACWH Shares will be validly issued, fully paid and nonassessable.

The Macerich Company

August 5, 2026

Page

4. The issuance of the MACWH CPU Shares has been duly authorized and, when and to the extent

issued in accordance with the Resolutions, the Prospectus Supplement and the MACWH Partnership Agreement, the MACWH CPU Shares will be validly issued, fully paid and nonassessable.

The foregoing opinion is limited to the laws of the State of Maryland, and we do not express any opinion herein concerning United States

federal law or the laws of any other jurisdiction. We express no opinion as to the applicability or effect of federal or state securities laws, including the securities laws of the State of Maryland, federal or state laws regarding fraudulent

transfers or the laws, codes or regulations of any municipality or other local jurisdiction. To the extent that any matter as to which our opinion is expressed herein would be governed by the laws of any jurisdiction other than the State of

Maryland, we do not express any opinion on such matter. The opinion expressed herein is subject to the effect of any judicial decision which may permit the introduction of parol evidence to modify the terms or the interpretation of agreements.

The opinion expressed herein is limited to the matters specifically set forth herein and no other opinion shall be inferred beyond the matters

expressly stated. We assume no obligation to supplement this opinion if any applicable law changes after the date hereof or if we become aware of any fact that might change the opinion expressed herein after the date hereof.

This opinion is being furnished to you for submission to the Commission as an exhibit to the Company’s Current Report on Form 8-K relating to the Shares (the “Current Report”), which is incorporated by reference in the Registration Statement. We hereby consent to the filing of this opinion as an exhibit to the Current Report

and the said incorporation by reference and to the use of the name of our firm therein. In giving this consent, we do not admit that we are within the category of persons whose consent is required by Section 7 of the 1933 Act.

Very truly yours,

/s/ Venable LLP

EX-5.3

Filename: d169476dex53.htm · Sequence: 5

EX-5.3

Exhibit 5.3

August 5, 2026

The Macerich Company

401 Wilshire Boulevard

Suite 700

Santa Monica, California 90401

Re:

Registration Statement on Form S-3

Ladies and Gentlemen:

We have served as

Maryland counsel to The Macerich Company, a Maryland corporation (the “Company”), in connection with certain matters of Maryland law arising out of the registration of up to 148,305 shares (the “Shares”) of the

Company’s common stock, par value $0.01 per share (“Common Stock”), covered by the above-referenced Registration Statement on Form S-3 (as amended or supplemented, the “Registration

Statement”) and the Prospectus Supplement (as hereinafter defined), each filed by the Company with the U.S. Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “1933

Act”), on August 5, 2026. The Shares may be issued upon redemption of common units of limited partnership interest (“Common OP Units”) in The Macerich Partnership, L.P., a Delaware limited partnership (the “Operating

Partnership”), distributed (collectively, the “Distribution”) to holders of Common OP Units and long term incentive plan units (“LTIP Units” and, collectively with the Common OP Units, the “Units”) of

limited partnership interest in the Operating Partnership.

In connection with our representation of the Company, and as a basis for the

opinion hereinafter set forth, we have examined originals, or copies certified or otherwise identified to our satisfaction, of the following documents (hereinafter collectively referred to as the “Documents”):

1. The Registration Statement;

2. The Prospectus, dated August 5, 2026, as supplemented by a Prospectus Supplement, dated August 5, 2026 (the “Prospectus

Supplement”), filed with the Commission pursuant to Rule 424(b) of the General Rules and Regulations promulgated under the 1933 Act;

3. The charter of the Company (the “Charter”), certified by the State Department of Assessments and Taxation of Maryland (the

“SDAT”);

4. The Amended and Restated Bylaws of the Company, certified as of the date hereof by an officer of the Company;

The Macerich Company

August 5, 2026

Page

5. Resolutions (the “Resolutions”) adopted by the Board of Directors of the

Company, relating to the authorization of the Distribution and the registration and issuance of the Shares, certified as of the date hereof by an officer of the Company;

6. The Amended and Restated Limited Partnership Agreement of the Operating Partnership, as amended (the “Partnership Agreement”),

certified as of the date hereof by an officer of the Company;

7. The Company’s 2003 Equity Incentive Plan, as amended and restated

as of May 31, 2023 (the “Plan”);

8. A certificate of the SDAT as to the good standing of the Company, dated as of a

recent date;

9. A certificate executed by an officer of the Company, dated as of the date hereof; and

10. Such other documents and matters as we have deemed necessary or appropriate to express the opinion set forth below, subject to the

assumptions, limitations and qualifications stated herein.

In expressing the opinion set forth below, we have assumed the following:

1. Each individual executing any of the Documents, whether on behalf of such individual or another person, is legally competent to do so.

2. Each individual executing any of the Documents on behalf of a party (other than the Company) is duly authorized to do so.

3. Each of the parties (other than the Company) executing any of the Documents has duly and validly executed and delivered each of the

Documents to which such party is a signatory, and such party’s obligations set forth therein are legal, valid and binding and are enforceable in accordance with all stated terms.

4. All Documents submitted to us as originals are authentic. The form and content of all Documents submitted to us as unexecuted drafts do not

modification of or amendment to any of the Documents, and there has been no waiver of any provision of any of the Documents, by action or omission of the parties or otherwise.

The Macerich Company

August 5, 2026

Page

5. None of the Shares will be issued, sold or transferred in violation of the restrictions on

ownership and transfer contained in Article EIGHTH of the Charter.

6. The Units were duly authorized and validly issued by the Operating

Partnership.

Based upon the foregoing, and subject to the assumptions, limitations and qualifications stated herein, it is our opinion

that:

1. The Company is a corporation duly incorporated and existing under and by virtue of the laws of the State of Maryland and is in

good standing with the SDAT.

2. The Shares have been duly authorized and, when and if issued upon redemption of the Units in accordance

with the Resolutions, the Partnership Agreement and the Plan, as applicable (assuming that, upon the issuance of any Shares, the total number of shares of Common Stock issued and outstanding will not exceed the total number of shares of Common Stock

that the Company is then authorized to issue under the Charter), will be validly issued, fully paid and nonassessable.

The foregoing

opinion is limited to the laws of the State of Maryland, and we do not express any opinion herein concerning United States federal law or the laws of any other jurisdiction. We express no opinion as to the applicability or effect of federal or state

securities laws, including the securities laws of the State of Maryland, federal or state laws regarding fraudulent transfers or the laws, codes or regulations of any municipality or other local jurisdiction. To the extent that any matter as to

which our opinion is expressed herein would be governed by the laws of any jurisdiction other than the State of Maryland, we do not express any opinion on such matter. The opinion expressed herein is subject to the effect of any judicial decision

which may permit the introduction of parol evidence to modify the terms or the interpretation of agreements.

The opinion expressed herein

is limited to the matters specifically set forth herein and no other opinion shall be inferred beyond the matters expressly stated. We assume no obligation to supplement this opinion if any applicable law changes after the date hereof or if we

become aware of any fact that might change the opinion expressed herein after the date hereof.

The Macerich Company

August 5, 2026

Page

This opinion is being furnished to you for submission to the Commission as an exhibit to the

Company’s Current Report on Form 8-K relating to the Shares (the “Current Report”), which is incorporated by reference in the Registration Statement. We hereby consent to the filing of this

Section 7 of the 1933 Act.

Very truly yours,

/s/ Venable LLP

EX-5.4

Filename: d169476dex54.htm · Sequence: 6

EX-5.4

Exhibit 5.4

August 5, 2026

The Macerich Company

401 Wilshire Boulevard

Suite 700

Santa Monica, California 90401

Re:

Registration Statement on Form S-3

Ladies and Gentlemen:

We have served as Maryland counsel to The Macerich Company, a Maryland corporation (the “Company”), in connection with certain

matters of Maryland law arising out of the registration of up to 13,453,613 shares (the “Shares”) of the Company’s common stock, par value $0.01 per share (“Common Stock”), covered by the above-referenced Registration

Statement on Form S-3 (as amended or supplemented, the “Registration Statement”) and the Prospectus Supplement (as hereinafter defined), each filed by the Company with the U.S. Securities and

Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “1933 Act”), on August 5, 2026. The Shares may be issued upon redemption of certain units of limited partnership interest (the

“Units”) in The Macerich Partnership, L.P., a Delaware limited partnership (the “Operating Partnership”). The Shares may be sold by the holders of Units named in the Prospectus Supplement (collectively, the “Unit

Holders”).

In connection with our representation of the Company, and as a basis for the opinion hereinafter set forth, we have

examined originals, or copies certified or otherwise identified to our satisfaction, of the following documents (hereinafter collectively referred to as the “Documents”):

1. The Registration Statement;

2. The Prospectus, dated August 5, 2026, as supplemented by a Prospectus Supplement, dated August 5, 2026 (the “Prospectus

Supplement”), filed with the Commission pursuant to Rule 424(b) of the General Rules and Regulations promulgated under the 1933 Act;

3. The charter of the Company (the “Charter”), certified by the State Department of Assessments and Taxation of Maryland (the

“SDAT”);

4. The Amended and Restated Bylaws of the Company, certified as of the date hereof by an officer of the Company;

The Macerich

Company

August 5, 2026

Page

5. Resolutions (the “Resolutions”) adopted by the Board of Directors of the

Company, relating to the registration and issuance of the Shares, certified as of the date hereof by an officer of the Company;

6. The

Amended and Restated Limited Partnership Agreement of the Operating Partnership, as amended (the “Partnership Agreement”), certified as of the date hereof by an officer of the Company;

7. A certificate of the SDAT as to the good standing of the Company, dated as of a recent date;

8. A certificate executed by an officer of the Company, dated as of the date hereof; and

9. Such other documents and matters as we have deemed necessary or appropriate to express the opinion set forth below, subject to the

assumptions, limitations and qualifications stated herein.

In expressing the opinion set forth below, we have assumed the following:

1. Each individual executing any of the Documents, whether on behalf of such individual or another person, is legally competent to do so.

2. Each individual executing any of the Documents on behalf of a party (other than the Company) is duly authorized to do so.

3. Each of the parties (other than the Company) executing any of the Documents has duly and validly executed and delivered each of the

Documents to which such party is a signatory, and such party’s obligations set forth therein are legal, valid and binding and are enforceable in accordance with all stated terms.

4. All Documents submitted to us as originals are authentic. The form and content of all Documents submitted to us as unexecuted drafts do not

modification of or amendment to any of the Documents, and there has been no waiver of any provision of any of the Documents, by action or omission of the parties or otherwise.

The Macerich

Company

August 5, 2026

Page

5. None of the Shares will be issued, sold or transferred in violation of the restrictions on

ownership and transfer contained in Article EIGHTH of the Charter.

6. The Units were duly authorized and validly issued by the Operating

Partnership to the Unit Holders.

Based upon the foregoing, and subject to the assumptions, limitations and qualifications stated herein,

it is our opinion that:

1. The Company is a corporation duly incorporated and existing under and by virtue of the laws of the State of

Maryland and is in good standing with the SDAT.

2. The Shares have been duly authorized and, when and if issued upon redemption of the

Units in accordance with the Resolutions and the Partnership Agreement (assuming that, upon the issuance of any Shares, the total number of shares of Common Stock issued and outstanding will not exceed the total number of shares of Common Stock that

the Company is then authorized to issue under the Charter), will be validly issued, fully paid and nonassessable.

The foregoing opinion

is limited to the laws of the State of Maryland, and we do not express any opinion herein concerning United States federal law or the laws of any other jurisdiction. We express no opinion as to the applicability or effect of federal or state

which may permit the introduction of parol evidence to modify the terms or the interpretation of agreements.

The opinion expressed herein

become aware of any fact that might change the opinion expressed herein after the date hereof.

The Macerich

Company

August 5, 2026

Page

This opinion is being furnished to you for submission to the Commission as an exhibit to the

Company’s Current Report on Form 8-K relating to the Shares (the “Current Report”), which is incorporated by reference in the Registration Statement. We hereby consent to the filing of this

Section 7 of the 1933 Act.

Very truly yours,

/s/ Venable LLP

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