7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-03-31 2015-06-30 2015-03-31 2014-09-30 2013-12-31 2006-03-31 2005-09-30 2005-06-30 2005-03-31 2004-06-30 2004-03-31 2003-09-30 
      
    		                                                
      cash flows from operating activities:
    		                                                
      net income
    		-89,995,000 -41,545,000 -51,153,000 -219,620,000 -112,098,000 265,499,000 -131,446,000 66,466,000 -271,965,000 -14,406,000 -58,194,000 3,462,000 -13,500,000 -17,687,000 -37,354,000 -25,004,000 112,959,000 -4,062,000 -67,730,000 -204,844,000 -22,622,000 -26,727,000 8,731,000 29,739,000 50,025,000 13,947,000 8,843,000 13,246,000 81,241,000 8,866,000 -34,381,000 38,584,000 19,228,000 29,052,000 74,809,000 40,834,000 451,375,000 15,746,000 26,667,000 38,744,000 150,789,000 13,423,000 10,339,000 11,314,000 20,498,000 19,326,000 20,328,000 41,796,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                                
      gain on sale or write down of assets
    		72,634,000     -324,996,000 36,085,000 -706,000 149,287,000 -10,279,000 -3,779,000                 31,311,000 -46,516,000 9,518,000 37,512,000 -5,212,000 11,854,000 477,000 -49,565,000  -434,456,000            
      depreciation and amortization
    		93,988,000 91,199,000 95,219,000 84,159,000 75,927,000 74,407,000 71,382,000 72,659,000 74,399,000 74,301,000 75,035,000 76,344,000 75,377,000 75,086,000 75,673,000 82,953,000 78,847,000 81,791,000 80,812,000 79,558,000 80,749,000 81,924,000 83,827,000 85,721,000 84,575,000 84,138,000 83,233,000 88,644,000 83,620,000 80,894,000 81,524,000 87,482,000 84,577,000 84,665,000 84,551,000 91,844,000 88,176,000 121,108,000 122,418,000 93,391,000 97,069,000 63,537,000 57,944,000 54,170,000 37,653,000 35,311,000 34,301,000 25,364,000 
      amortization of discount on mortgage notes payable
    		7,532,000 9,120,000 9,121,000  3,838,000                                            
      amortization of share and unit-based plans
    		4,818,000 5,299,000 3,206,000 3,517,000 3,425,000 2,459,000 2,730,000 2,286,000 1,015,000 4,970,000 4,895,000 4,218,000 4,268,000 4,283,000 4,869,000 3,405,000 3,408,000 3,430,000 4,030,000 2,853,000 3,497,000 3,269,000 4,224,000 2,277,000 2,322,000 1,914,000 5,519,000 4,723,000 3,554,000 8,087,000 11,003,000 5,640,000 5,507,000 5,847,000 13,805,000 5,645,000 16,440,000 4,739,000 14,468,000 4,378,000 10,294,000        
      straight-line rent and amortization of above and below market leases
    		-2,421,000 -2,129,000 -249,000 -3,988,000 -1,461,000 -1,185,000 3,577,000 472,000 423,000 -1,196,000 823,000 -2,092,000 -843,000 75,000 1,589,000 1,738,000 1,889,000 -6,359,000 -4,959,000 -19,790,000 -5,270,000 1,596,000 -243,000 -1,562,000 -4,995,000 -4,802,000 -2,650,000                      
      benefit from doubtful accounts
    		955,000 798,000 1,558,000            567,000    3,208,000 5,002,000 10,558,000 27,777,000 913,000 915,000 2,934,000 2,007,000 1,826,000 876,000 1,188,000 1,245,000 1,354,000 508,000 448,000 2,040,000 1,318,000 1,126,000 919,000 1,826,000 1,330,000 22,000 919,000        
      income tax benefit
    		-710,000 -188,000 -822,000   258,000 -1,224,000                      466,000 684,000 -2,949,000       -283,000 -935,000 -689,000 571,000        
      equity in (income) loss of unconsolidated joint ventures
    		               4,523,000 1,733,000                                
      change in fair value of financing arrangement obligation
    		   0 0 -16,734,000 2,939,000 -29,596,000 1,995,000 4,368,000 -11,885,000 9,396,000 5,052,000 7,242,000 2,543,000 -2,782,000 -10,306,000 -1,439,000 -863,000 -42,729,000 -15,502,000 -32,907,000 -48,384,000 -5,663,000 -39,455,000 -17,257,000 -14,265,000 -5,946,000 -4,893,000 -8,768,000 4,382,000                  
      changes in assets and liabilities, net of dispositions:
    		                                                
      tenant and other receivables
    		-363,000 -3,307,000 24,984,000 -34,164,000 10,265,000 -3,258,000 30,598,000 -29,462,000 9,410,000 -1,645,000 22,051,000 -12,907,000 -6,838,000 -1,743,000 28,098,000 -15,327,000 -3,420,000 28,484,000 52,684,000 18,057,000 -2,355,000 -133,322,000 11,673,000 -14,612,000 -5,603,000 -6,581,000 16,867,000 -16,491,000 -11,297,000 2,177,000 11,699,000 -7,346,000 -4,563,000 -3,356,000 8,757,000 -9,955,000 4,686,000 -6,845,000 17,836,000 -12,382,000 -3,595,000        
      other assets
    		8,143,000 -2,176,000 12,975,000 -19,877,000 9,116,000 -5,906,000 474,000 -8,657,000 11,393,000 -5,281,000 8,645,000 -18,885,000 15,216,000 -9,787,000 210,000 -7,257,000 12,653,000 3,511,000 5,969,000 -4,660,000 16,021,000 -11,588,000 1,037,000 -13,495,000 10,610,000 -15,952,000 9,284,000 1,296,000 9,819,000 -14,149,000 11,473,000 -16,157,000 9,397,000 -10,272,000 12,618,000 -13,933,000 -9,743,000 -8,644,000 4,310,000 -7,498,000 -12,025,000 4,102,000   5,176,000  2,243,000  
      due from affiliates
    		1,772,000 -291,000 -1,350,000 1,367,000 91,000 2,038,000 -581,000  -879,000 2,146,000 -4,592,000  -5,959,000 968,000 -4,504,000  1,835,000 419,000 -3,619,000 15,013,000 -6,355,000 -507,000 -4,766,000 3,470,000 1,378,000 3,898,000 5,148,000 2,489,000 -4,395,000 1,399,000 -2,512,000 -978,000 361,000 -1,350,000 -12,015,000 1,254,000 11,123,000 1,575,000 650,000 -2,230,000 2,167,000      1,571,000  
      accounts payable and accrued expenses
    		26,404,000 4,952,000 9,487,000 3,860,000 11,743,000 3,980,000 1,723,000 -12,807,000 17,772,000 -5,033,000 1,938,000 -8,559,000 13,379,000 -5,992,000 790,000 246,000 8,434,000 -8,098,000 -7,328,000 -11,694,000 14,136,000 -2,900,000 15,937,000 -13,342,000 12,170,000 -7,780,000 8,715,000 -8,851,000 2,447,000 -8,994,000 13,239,000 -17,085,000 13,265,000 -6,287,000 4,285,000 -2,470,000 -6,166,000 -10,562,000 18,318,000 15,865,000 -11,102,000    2,538,000    
      other accrued liabilities
    		-608,000 -2,173,000 -29,271,000 20,508,000 6,980,000 10,456,000 -31,361,000 15,846,000 5,637,000 3,339,000 -13,392,000 6,436,000 91,535,000 4,523,000 -31,480,000 15,945,000 6,340,000 -18,753,000 -31,596,000 10,109,000 6,050,000 12,022,000 -49,759,000 28,012,000 6,559,000 10,113,000 -18,334,000 10,316,000 -10,673,000 8,976,000 -17,893,000 13,292,000 -9,254,000 3,952,000 -17,792,000 -4,244,000 2,562,000 3,950,000 450,000 6,035,000 6,228,000        
      net cash from operating activities
    		112,390,000 70,519,000 88,491,000 54,872,000 100,047,000 67,431,000 61,095,000 49,383,000 107,398,000 57,991,000 80,730,000 52,522,000 169,566,000 49,978,000 65,444,000 74,735,000 98,606,000 60,808,000 52,219,000 59,710,000 80,509,000 -65,082,000 49,700,000 83,180,000 106,899,000 66,238,000 98,840,000 97,150,000 82,311,000 69,882,000 94,968,000 86,539,000 109,623,000 87,523,000 102,704,000 98,447,000 107,841,000 110,749,000 162,130,000 106,334,000 93,179,000 51,591,000 97,220,000 29,960,000 57,798,000 5,809,000 75,844,000 63,215,000 
      cash flows from investing activities:
    		                                                
      acquisitions of property
    		0    23,000    0                             0 -26,250,000 0         
      development, redevelopment, expansion and renovation of properties
    		-15,475,000 -25,600,000 -34,356,000 -30,975,000 -28,030,000 -23,892,000 -26,420,000 -26,263,000 -18,954,000 -12,732,000 -19,992,000 -13,973,000 -6,955,000 -7,848,000 -13,377,000 -24,898,000 -17,228,000 -20,741,000 -14,819,000 1,260,000 -10,641,000 -9,374,000 -26,406,000 -61,886,000 -48,607,000 -28,042,000 -28,256,000 -47,764,000 -34,473,000 -49,610,000 -49,242,000 -69,585,000 -30,155,000 -27,590,000 -33,013,000 -58,485,000 -60,895,000 -42,055,000 -90,157,000 -47,293,000 0        
      property improvements
    		-17,793,000 -10,704,000 -6,840,000 -15,895,000 -19,303,000 -15,803,000 -7,329,000 -25,770,000 -13,425,000 -20,495,000 -14,872,000 -19,928,000 -15,004,000 -10,686,000 -7,022,000 -2,615,000 -11,799,000 -7,454,000 -8,653,000 -5,138,000 -2,218,000 -13,942,000 -1,845,000 0 -3,109,000 -9,178,000 -8,827,000 -23,284,000 -15,437,000 -12,453,000 -4,968,000 -7,382,000 -17,675,000 -12,400,000 -4,350,000 -23,225,000 -5,311,000 -12,996,000 -3,855,000 -17,778,000 -29,931,000        
      deferred leasing costs
    		-1,198,000 -629,000 -1,562,000 -1,112,000 -819,000 -1,484,000 -1,495,000 4,765,000 -8,397,000 -2,151,000 -1,217,000 -1,137,000 -1,059,000 -543,000 -372,000 -842,000 -702,000 -1,085,000 -91,000 -965,000 -666,000 -600,000 -981,000 -1,021,000 -1,355,000 -682,000 -8,848,000 -4,977,000 -5,469,000 -4,939,000 -13,384,000 -6,610,000 -5,492,000 -8,286,000 -11,267,000 -6,748,000 -7,359,000 -8,360,000 -9,768,000 -5,630,000 -5,895,000        
      distributions from unconsolidated joint ventures
    		21,569,000 21,123,000 30,716,000 24,683,000 11,617,000 36,756,000 20,942,000 88,753,000 26,051,000 23,891,000 162,166,000 24,051,000 36,398,000 30,795,000 40,062,000 22,972,000 24,977,000 24,637,000 21,341,000 50,249,000 4,039,000 2,446,000 21,693,000 30,538,000 144,461,000 49,911,000 41,439,000 -4,693,000 93,269,000 29,734,000 418,333,000 41,812,000 55,418,000 56,206,000 114,528,000 32,690,000 181,900,000 33,230,000 13,096,000 22,306,000 50,451,000 24,199,000       
      contributions to unconsolidated joint ventures
    		-24,928,000 -13,628,000 -96,695,000 -11,959,000 -6,995,000 -17,327,000 -12,686,000 -25,580,000 -18,340,000 -24,300,000 -12,938,000 -38,755,000 -11,077,000 -12,464,000 -19,422,000 -30,269,000 -17,090,000 -13,814,000 -25,673,000 -31,848,000 -20,205,000 -46,543,000 -33,870,000 -103,535,000 -52,380,000 -33,895,000 -63,093,000 -2,179,000 -104,043,000 -34,027,000 -40,990,000 -37,206,000 -29,029,000 -24,710,000 -26,593,000 -26,145,000 -350,668,000 -279,083,000 -33,284,000 -149,647,000 -60,198,000        
      cash acquired from acquisition of unconsolidated joint ventures
    		    0                                            
      derecognition of cash previously held by a consolidated joint venture to an unconsolidated joint venture
    		   0 0                                            
      proceeds from sale of assets
    		34,319,000 64,745,000 25,696,000 159,790,000 109,486,000 12,861,000 11,000 821,000 6,463,000 23,226,000 5,018,000 1,690,000 17,774,000 4,909,000 26,085,000 14,496,000 173,025,000 49,659,000 100,334,000 581,000 15,984,000   4,275,000 230,000 0 1,015,000 2,847,000 55,966,000 25,613,000 1,450,000 86,823,000 840,000 -18,000 167,649,000 27,559,000 600,665,000 0 1,440,000 25,936,000 89,018,000 155,000 0 213,000 6,945,000   30,038,000 
      net cash from investing activities
    		-3,506,000 -231,619,000 -83,041,000 37,161,000 65,979,000 -56,373,000 -26,977,000 20,226,000 -26,602,000 -59,248,000 118,165,000 -48,052,000 -4,467,000 4,163,000 46,954,000 -21,156,000 151,183,000 31,202,000 73,739,000 -80,050,000 -13,707,000 -67,682,000 -41,409,000 -128,601,000 39,462,000 -21,665,000 -1,222,000 -79,836,000 -9,976,000 -45,266,000 311,401,000 12,966,000 -26,516,000 -16,681,000 207,103,000 -51,013,000 358,415,000 -308,100,000 -150,020,000 -167,600,000 37,409,000        
      the macerich companyconsolidated statements of cash flows
    		                                                
      cash flows from financing activities:
    		                                                
      proceeds from mortgages, bank and other notes payable
    		159,100,000 100,000,000 340,000,000 825,000,000 110,004,000 19,996,000 270,000,000 405,000,000 184,000,000 80,000,000 50,000,000 75,000,000 105,000,000   25,000,000 0   0 0 0 660,000,000 720,000,000 100,000,000 551,000,000 425,000,000 120,000,000 100,000,000 75,000,000 120,000,000 920,000,000 210,000,000 100,000,000 200,000,000 485,000,000 2,126,138,000 750,003,000 815,671,000 279,312,000 332,911,000        
      payments on mortgages, bank and other notes payable
    		-112,360,000 -12,659,000 -122,007,000 -1,435,015,000 -330,714,000 -32,678,000 -225,244,000 -448,193,000 -188,979,000 -57,422,000 -168,664,000 -21,445,000 -191,834,000 -67,559,000 -53,237,000 -46,727,000 -341,096,000 -1,608,586,000 -23,986,000 -13,142,000 -4,692,000 -7,462,000 -8,676,000 -550,990,000 -171,539,000 -447,202,000 -397,358,000 -12,104,000 -57,372,000 -12,695,000 -387,643,000 -795,289,000 -145,020,000 -15,492,000 -263,927,000 -412,926,000 -1,713,094,000 -445,521,000 -674,569,000 -107,528,000 -356,127,000        
      deferred financing costs
    		-3,668,000 -573,000 -1,156,000 -2,592,000 -822,000 -1,098,000 -4,273,000 -100,000 -12,319,000 -3,243,000 -13,251,000 -3,680,000 -844,000   -59,000 -585,000 -18,756,000 -3,472,000 -1,738,000 -2,393,000   -4,838,000 0 -1,956,000 -965,000 0 -97,000 -46,000 -132,000 -5,914,000 -2,554,000 110,000 -142,000 -1,762,000 -1,927,000 -1,584,000 -3,476,000 -523,000 -913,000        
      payments on finance leases
    		0 0 -4,408,000 0 -4,955,000 -627,000 -615,000 1,000 -808,000 -600,000 -593,000 0 -776,000 -576,000 -571,000 -1,000 -746,000 -550,000 -552,000 0 -1,245,000 1,000 -290,000 0 -1,194,000 0 -278,000                      
      proceeds from stock offerings
    		                                                
      employee stock purchases
    		0                                                
      redemption of noncontrolling interests
    		       -6,000    0 0   -118,000 -59,000 0 -1,000 -1,000 -10,000 -16,000 -2,000 -16,000 -14,000 -10,000 -27,000 -40,000 -596,000 -58,000 -65,000 -11,000 -824,000 -70,000 -15,000 0 -30,000   -15,000 -44,000        
      dividends and distributions
    		-45,867,000 -45,732,000 -50,433,000 -41,218,000 -39,839,000 -41,031,000 -39,201,000 -39,157,000 -38,988,000 -39,333,000 -41,812,000 -39,531,000 -70,084,000 -35,399,000 -41,314,000 -38,933,000 -35,972,000 -41,872,000 -26,670,000 -24,675,000 -24,650,000 -15,865,000 -114,672,000 -115,158,000 -114,823,000 -130,157,000 -114,396,000 -114,191,000 -112,698,000 -112,963,000 -113,782,000 -115,106,000 -108,787,000 -109,325,000 -110,621,000 -111,523,000 -452,225,000 -110,449,000 -111,462,000 -95,006,000 -94,364,000        
      net cash from financing activities
    		46,246,000 42,066,000 161,578,000 -144,532,000 -117,702,000 -54,483,000 667,000 -87,449,000 -57,465,000 -19,633,000 -174,341,000 11,694,000 -158,568,000 -79,874,000 -95,192,000 -59,718,000 -340,005,000 -979,752,000 542,451,000 -38,802,000 -32,665,000 -22,679,000 540,600,000 52,369,000 -187,521,000 -50,220,000 -92,844,000 -12,113,000 -70,747,000 -49,956,000 -381,622,000 -79,555,000 -99,152,000 -76,005,000 -311,557,000 -37,569,000 -446,261,000 189,516,000 21,144,000 63,245,000 -122,981,000 121,454,000   404,000 74,877,000 27,060,000  
      net increase in cash, cash equivalents and restricted cash
    		155,130,000 -119,034,000 167,028,000  48,324,000 -43,425,000 34,785,000 -17,840,000 23,331,000 -20,890,000 24,554,000    17,206,000 -6,139,000 -90,216,000 -887,742,000 668,409,000 -59,142,000 34,137,000 -155,443,000 548,891,000 6,948,000   4,774,000 5,201,000                     
      cash, cash equivalents and restricted cash, beginning of period
    		0 0 177,479,000  0 0 190,294,000  0 0 181,139,000  0 0 166,971,000  0 0 482,659,000  0 0 114,216,000  0 0 149,301,000  0 0 143,105,000                  
      cash, cash equivalents and restricted cash, end of period
    		155,130,000 -119,034,000 344,507,000  48,324,000 -43,425,000 225,079,000  23,331,000 -20,890,000 205,693,000  6,531,000 -25,733,000 184,177,000  -90,216,000 -887,742,000 1,151,068,000  34,137,000 -155,443,000 663,107,000  -41,160,000 -5,647,000 154,075,000  1,588,000 -25,340,000 167,852,000                  
      supplemental cash flow information:
    		                                                
      cash payments for interest, net of amounts capitalized
    		54,977,000 51,566,000 49,710,000 50,728,000 44,114,000 42,796,000 48,707,000 51,345,000 45,469,000 46,310,000 48,376,000 44,773,000 44,815,000 44,270,000 46,463,000 42,747,000 47,990,000 52,443,000 61,041,000 61,155,000 37,755,000 47,248,000 52,989,000 53,326,000 51,354,000 54,696,000 50,650,000 49,574,000 49,648,000 46,614,000 46,418,000 43,807,000 41,822,000 42,402,000 40,462,000 40,651,000 32,073,000 59,189,000 60,102,000 39,150,000 41,285,000 79,215,000       
      non-cash investing and financing transactions:
    		                                                
      accrued development costs included in accounts payable and accrued expenses and other accrued liabilities
    		6,937,000 -5,839,000 48,898,000 13,031,000 -3,233,000 -3,558,000 43,244,000 8,342,000 -348,000 5,671,000 34,526,000 800,000 11,194,000 4,459,000 18,881,000 -2,000 -4,097,000 -2,870,000 25,248,000 10,827,000 -2,015,000 -7,686,000 28,250,000 -10,896,000 -6,605,000 7,414,000 42,539,000 1,179,000 11,986,000 555,000 36,286,000 13,020,000 -794,000 6,788,000 24,712,000 19,707,000 22,887,000 11,262,000 31,823,000 25,884,000 17,668,000        
      derecognition of previously consolidated property and related liabilities to investment in unconsolidated joint venture
    		   0 0                                            
      conversion of operating partnership units to common stock
    		5,644,000 0 118,000 0 5,238,000   4,601,000    0 622,000   26,589,000 0 0 22,218,000 0 409,000 5,880,000 5,797,000 0 0   0 0   1,602,000 3,399,000 11,158,000 638,000 1,728,000 3,108,000 6,000 1,553,000          
      assets acquired from unconsolidated joint venture
    		    0   0 0                                        
      liabilities assumed from unconsolidated joint venture
    		    0                                            
      equity in loss of unconsolidated joint ventures
    		 475,000 799,000 -7,692,000 74,931,000 56,837,000 73,276,000  107,465,000 6,960,000 61,810,000                                      
      costs from stock offerings
    		 -221,000 -418,000      -322,000 -56,000 -21,000                                      
      loss on sale or write down of assets
    		  13,987,000               3,927,000 21,283,000 39,328,000 -11,786,000 3,867,000 36,703,000  131,000 9,059,000 6,316,000                      
      gain on extinguishment of debt
    		                                       47,000         
      (gain) loss on sale or write down of assets
    		   233,347,000          1,091,000 -6,453,000 17,616,000                       -935,000          
      amortization of net discount on mortgage notes payable
    		                                                
      benefit from (recovery of) doubtful accounts
    		   1,581,000 140,000 1,509,000 2,923,000                                          
      income tax (benefit) expense
    		   -879,000      371,000 -1,882,000         237,000 1,106,000 -1,524,000 -266,000          2,869,000 437,000 -3,484,000              
      distributions of income from unconsolidated joint ventures
    		       0 0 0 280,000 666,000 481,000   0        90,000 384,000 342,000 118,000 295,000 995,000 514,000 155,000     1,641,000 2,035,000   709,000 0 772,000       
      changes in assets and liabilities, net of acquisitions and dispositions:
    		                                                
      acquisition of property
    		                                                
      proceeds from collection of notes receivable
    		                                                
      cash and restricted cash acquired from acquisition of previously unconsolidated joint venture
    		                                                
      proceeds from collection of receivable in connection with sale of joint venture property
    		           0 0 0 21,000,000                                  
      payment on finance arrangement obligation
    		                       0 -1,000                        
      proceeds from share and unit-based plans
    		   826,000 0   777,000 0   781,000 0   753,000 0   679,000 0   700,000 0   764,000 0   882,000 0   863,000    0 630,000        
      proceeds (costs) from stock offerings
    		   508,467,000                                             
      contributions from noncontrolling interests
    		           600,000                                     
      net increase in cash and cash equivalents and restricted cash
    		                                                
      cash and cash equivalents and restricted cash at beginning of year
    		                                                
      cash and cash equivalents and restricted cash at end of year
    		                                                
      non-cash investing and financing activities:
    		                                                
      assets acquired from unconsolidated joint ventures
    		                                                
      liabilities assumed from unconsolidated joint ventures
    		                                                
      (gain) loss on extinguishment of debt
    		                                     1,609,000 -2,245,000          
      recovery of doubtful accounts
    		       -826,000 -226,000    -709,000                                    
      equity in loss (income) of unconsolidated joint ventures
    		           -11,166,000 -6,322,000 -6,353,000 29,097,000     10,050,000 12,513,000                            
      due (from) to affiliates
    		                                                
      (costs) proceeds from stock offerings
    		                                                
      receivable in connection with sale of joint venture property
    		                                                
      income tax expense
    		           -258,000 -166,000 -670,000 1,799,000 -2,504,000 107,000 7,107,000 2,238,000     -114,000 678,000 679,000 346,000         -2,014,000 1,317,000            
      (recovery of) benefit from doubtful accounts
    		          -1,023,000     -2,121,000 1,638,000                                
      lease liabilities recorded in connection with right-of-use assets
    		              24,929,000                                  
      loss on extinguishment of debt
    		               0        0 0 0 351,000                      
      loss on remeasurement of assets
    		                                                
      amortization of net premium on mortgage notes payable
    		                               -478,000 -939,000 -934,000 -926,000 -966,000 -1,050,000 -5,479,000 -6,903,000 -1,352,000         
      loan to previously unconsolidated joint venture
    		                                                
      proceeds from finance lease
    		                   0 0 0 4,115,000                          
      assets acquired from previously unconsolidated joint venture
    		                                                
      liabilities assumed from previously unconsolidated joint venture
    		                                                
      property distribution from unconsolidated joint venture
    		                                                
      proceeds from repayment of notes receivable
    		                0 0 1,300,000      222,000 221,000 65,348,000 214,000 211,000 416,000 202,000 6,445,000 9,000 407,000 212,000              
      net (costs) proceeds from stock offerings
    		            -32,000 -50,000 -70,000                                  
      net decrease in cash, cash equivalents and restricted cash
    		            6,531,000                                    
      contribution from noncontrolling interests
    		                4,000 -1,000 125,000  325,000 0 125,000  50,000                        
      accrued receivable of net proceeds from stock offering
    		                 -26,508,000 41,137,000                              
      due to/from affiliates
    		                                                
      amortization of premium on mortgage notes payable
    		                    -231,000 -235,000 -229,000  -232,000 -230,000 -234,000  -233,000 -228,000 -235,000                  
      net proceeds from stock offerings
    		                38,449,000 194,418,000 597,007,000                      -19,000        
      equity in income of unconsolidated joint ventures
    		                  -1,910,000    -9,698,000 -14,426,000 -14,582,000 -7,257,000 -12,243,000 -20,443,000 -18,789,000 -15,669,000 -16,872,000 -28,774,000 -23,993,000 -16,936,000 -15,843,000 -19,404,000 -11,660,000 -9,094,000 -8,274,000 -16,935,000 -22,103,000        
      payment of finance deposits, net of refunds received
    		                                                
      cash, cash equivalents and restricted cash at beginning of year
    		                                                
      cash, cash equivalents, and restricted cash at end of year
    		                                                
      mortgage notes payable assumed by buyer in exchange for investment in unconsolidated joint venture
    		                                                
      disposition of property in exchange for investments in unconsolidated joint ventures
    		                           -11,128,000                     
      payment on financing arrangement obligation
    		                                                
      stock dividend
    		                                                
      payment of finance deposits
    		                          -4,820,000                      
      co-venture expense
    		                               2,479,000 3,150,000 4,123,000 3,877,000 3,875,000 3,289,000 2,813,000 2,130,000 2,143,000 2,632,000        
      stock repurchases
    		                               0 -39,688,000 -49,190,000 -132,550,000 0 -400,018,000            
      distributions to co-venture partner
    		                               -92,747,000 -3,679,000 -3,024,000 -4,302,000 -4,511,000 -5,105,000 -3,816,000 -4,716,000 -3,328,000 -5,068,000        
      mortgage notes payable assumed in exchange for investments in unconsolidated joint ventures
    		                                    997,695,000            
      straight-line rent adjustment
    		                           -2,792,000 -3,544,000 -2,736,000 -2,683,000 -1,095,000 -2,958,000 -2,660,000 -1,884,000 -1,788,000 -910,000 -1,277,000 -386,000 -1,342,000         
      amortization of above and below-market leases
    		                           515,000 -679,000 -1,934,000 152,000 -556,000 674,000 -1,275,000 193,000 -3,700,000 -1,643,000 -5,118,000 -4,666,000 -3,011,000         
      payment of debt extinguishment costs
    		                                                
      settlement of contingent consideration
    		                                   0             
      mortgage notes payable settled by deed-in-lieu of foreclosure
    		                                                
      net increase in cash and cash equivalents
    		                              24,747,000    -1,750,000 9,865,000 19,995,000 -7,835,000 33,254,000  7,607,000        
      accrued stock repurchase costs
    		                                  8,552,000              
      gain on remeasurement of assets
    		                                     14,000 -22,103,000          
      acquisition of properties
    		                                                
      deposit on acquisition of property
    		                                                
      restricted cash
    		                               -1,331,000 -432,000 -290,000 -63,000 3,025,000 -849,000 707,000 -1,694,000 1,302,000 17,646,000        
      purchase of noncontrolling interest
    		                                                
      cash and cash equivalents, beginning of year
    		                                                
      cash and cash equivalents, end of year
    		                                                
      accrued dividend
    		                                                
      acquisition of property in exchange for investment in unconsolidated joint venture
    		                                     0 76,250,000 0         
      assumption of mortgage notes payable and other liabilities from unconsolidated joint ventures
    		                                                
      gain on early extinguishment of debt
    		                                    -8,453,000            
      net decrease in cash and cash equivalents
    		                                -16,045,000       1,979,000         
      cash and cash equivalents, beginning of period
    		                                0 0 94,046,000  86,510,000 0 84,907,000 0  155,113,000  0 72,114,000 0 47,160,000 0 
      cash and cash equivalents, end of period
    		                                -16,045,000 -5,163,000 92,296,000  106,505,000 -7,835,000 118,161,000 1,979,000  66,808,000  20,690,000 53,088,000 12,445,000 80,937,000 -2,061,000 
      mortgage note payable settled by deed-in-lieu of foreclosure
    		                                                
      loss on early extinguishment of debt
    		                                         1,782,000    0 405,000  
      (gain) loss on early extinguishment of debt
    		                                                
      cash acquired from acquisitions
    		                                                
      proceeds from note receivable
    		                                                
      issuance of notes receivable
    		                                        0        
      collections of loans to unconsolidated joint ventures
    		                                                
      payment of stock issuance costs
    		                                      -304,000          
      acquisition of property by issuance of common stock
    		                                                
      acquisition of properties by assumption of mortgage note payable and other accrued liabilities
    		                                        147,206,000        
      mortgage notes payable settled in deed-in-lieu of foreclosure
    		                                                
      mortgage notes payable assumed by buyers in sales of properties
    		                                                
      note receivable issued in connection with sale of property
    		                                                
      acquisition of property in exchange for settlement of notes receivable
    		                                                
      contingent consideration in acquisition of property
    		                                                
      proceeds from notes receivable
    		                                    932,000 457,000 452,000          
      assumption of mortgage note payable from unconsolidated joint venture
    		                                     0 50,000,000          
      gain on disposition of assets, net from discontinued operations
    		                                                
      proceeds from maturities of marketable securities
    		                                        0        
      payment of contingent consideration
    		                                                
      application of deposit to acquire property
    		                                        0        
      loans to unconsolidated joint ventures
    		                                                
      notes receivable issued in connection with sale of property
    		                                       0         
      gain on remeasurement, sale or write down of assets
    		                                       -9,561,000 32,645,000        
      gain on the disposition of assets, net from discontinued operations
    		                                                
      collections on notes receivable
    		                                                
      collection of/loans to unconsolidated joint ventures
    		                                       35,000         
      contingent consideration paid
    		                                       -9,667,000         
      assumption of mortgage note payable and other liabilities from unconsolidated joint ventures
    		                                                
      conversion of noncontrolling interests to common shares
    		                                       0         
      non-cash transactions:
    		                                                
      (gain) loss on disposition of assets, net from discontinued operations
    		                                                
      amortization of net (premium) discount on mortgages, bank and other notes payable
    		                                        -1,320,000        
      redemption of redeemable non-controlling interests
    		                                                
      collections of/loans to unconsolidated joint ventures
    		                                                
      repurchase of convertible senior notes
    		                                                
      exercise of stock warrants
    		                                                
      mortgage notes payable assumed by buyers in sale of properties
    		                                                
      property distributed from unconsolidated joint venture
    		                                                
      contribution of development rights from noncontrolling interests
    		                                                
      net income available to common stockholders
    		                                         7,453,000       
      preferred dividends
    		                                         5,970,000 6,274,000 4,565,000 2,358,000 2,213,000 2,212,000 2,067,000 
      gain on sale of assets
    		                                         502,000       
      gain on sale of assets of discontinued operations
    		                                                
      amortization of net premium on mortgage and bank and other notes payable
    		                                                
      minority interest in operating partnership
    		                                                
      minority interest in consolidated joint ventures
    		                                                
      changes in assets and liabilities, net of acquisitions:
    		                                                
      tenant receivables
    		                                         8,337,000 -1,123,000 992,000 6,044,000 -493,000 3,158,000  
      acquisitions of property, development, redevelopment and property improvements
    		                                                
      issuance of note receivable
    		                                                
      purchase of marketable securities
    		                                                
      maturities of marketable securities
    		                                                
      repayments of loans to unconsolidated joint ventures
    		                                                
      proceeds from mortgages and bank and other notes payable
    		                                                
      payments on mortgages and bank and other notes payable
    		                                                
      purchase of capped calls
    		                                                
      repurchase of common stock
    		                                                
      net proceeds from stock offering
    		                                         746,809,000       
      dividends to preferred stockholders / preferred unit holders
    		                                                
      net decrease in cash
    		                                                
      increase in other accrued liabilities and additional paid-in capital recorded upon adoption of fin 48
    		                                                
      acquisition of property by assumption of mortgage note payable
    		                                                
      reclassification from other accrued liabilities to additional paid-in capital recorded upon adoption of sfas no. 123
    		                                                
      (gain) loss on sale of assets
    		                                                
      loss on sale of discontinued operations
    		                                                
      proceeds from share-based plans
    		                                                
      reclassification from other accrued liabilities to additional paid-in capital upon adoption of sfas no. 123
    		                                         6,000,000       
      discontinued operations gain on sale of assets
    		                                                
      amortization of share-based plans
    		                                         2,479,000       
      acquisitions of property and property improvements
    		                                                
      deferred leasing charges
    		                                                
      proceeds from mortgages and bank notes payable
    		                                         312,845,000       
      payments on mortgages and bank notes payable
    		                                                
      acquisition of property by issuance of bank notes payable
    		                                          0      
      acquisition of property by assumption of mortgage notes payable
    		                                                
      acquisition of property by issuance of convertible preferred units and common units
    		                                          1,119,000      
      minority interest in the operating partnership
    		                                                
      dividends to preferred stockholders / preferred unitholders
    		                                                
      net increase in cash
    		                                             12,445,000 33,777,000 -2,061,000 
      minority interest
    		                                         1,460,000 1,406,000 1,480,000 4,199,000 4,070,000 4,400,000 10,214,000 
      acquisitions of unconsolidated joint ventures
    		                                                
      repayments from (loans to) unconsolidated joint ventures
    		                                         228,000       
      proceeds from exercise of common stock options
    		                                         26,000       
      amortization of restricted stock grants
    		                                                
      equity in income from unconsolidated joint ventures
    		                                                
      total adjustments
    		                                          86,881,000 18,646,000 37,300,000 -13,517,000 55,516,000 21,419,000 
      acquisition of property and property improvements
    		                                                
      development, redevelopment and expansion of centers
    		                                                
      renovations of centers
    		                                                
      tenant improvements
    		                                                
      deferred lease charges
    		                                                
      distributions of capital from unconsolidated joint ventures
    		                                                
      contributions of capital to unconsolidated joint ventures
    		                                                
      repayment of loans to unconsolidated joint ventures
    		                                                
      distributions to minority interest holders
    		                                                
      proceeds from mortgages and other notes payable
    		                                                
      payments on mortgages and other notes payable
    		                                                
      exercise of common stock options and employee stock purchases
    		                                                
      dividends to preferred stockholders
    		                                                
      cash and cash equivalents at beginning of period
    		                                                
      cash and cash equivalents at end of period
    		                                                
      supplemental cash flow information
    		                                                
      cash payment for interest, net of amount capitalized
    		                                                
      non-cash transactions
    		                                                
      net income-available to common stockholders
    		                                           6,749,000 18,140,000  18,116,000 39,729,000 
      amortization of net premium on trust deed notes payable
    		                                                
      distributions on investment from unconsolidated joint ventures
    		                                                
      due to affiliates
    		                                                
      tenant allowances
    		                                                
      distributions of investment from unconsolidated joint ventures
    		                                                
      contributions to joint ventures
    		                                                
      acquisitions of joint ventures
    		                                                
      repayments from unconsolidated joint ventures
    		                                                
      proceeds from mortgages and notes payable
    		                                           -65,499,000 234,300,000 122,516,000 201,902,000 55,538,000 
      payments on mortgages and notes payable
    		                                                
      exercise of common stock options
    		                                             304,000 6,847,000  
      cash payment for interest, net of amounts capitalized
    		                                           57,068,000 41,663,000 35,771,000 28,992,000 32,137,000 
      acquisition of property by assumption of debt
    		                                                
      amortization of net premium on trust deed note payable
    		                                                
      distributions from joint ventures
    		                                            14,228,000 16,618,000 17,399,000 10,525,000 
      equity in income of unconsolidated joint ventures and the management company
    		                                                
      changes in assets and liabilities, net of acquisitions / dispositions:
    		                                                
      other liabilities
    		                                              17,058,000 21,410,000 
      payments received from (loans to) unconsolidated joint ventures
    		                                                
      reclassification from investments in joint ventures to property
    		                                               0 
      reclassification from property to investments in joint ventures
    		                                               0 
      reclassification from debt to investments in joint ventures
    		                                               0 
      loans to (payments received from) unconsolidated joint ventures
    		                                              3,528,000  
      amortization of net (premium) discount on trust deed note payable
    		                                                
      preferred stock dividend payable
    		                                                
      equity in income of unconsolidated joint ventures and the management companies
    		                                                
      net proceeds from equity offerings
    		                                                
      acquisition of property by issuance of operating partnership units
    		                                                
      acquisition of property by assumption of joint venture debt
    		                                               0 
      cash flows from operating activities
    		                                                
      changes in assets and liabilities, net of acquisitions/dispositions:
    		                                                
      cash flows from investing activities
    		                                                
      cash flows from financing activities
    		                                                
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.