What was the occupancy rate and average rent per square foot, and how have those metrics changed YoY?

The Macerich Q2‑2025 press release you referenced does not disclose the portfolio‑wide occupancy rate or the average rent per square foot, nor does it provide year‑over‑year (YoY) changes for those specific metrics. Those figures are typically included in the detailed earnings presentation or the accompanying supplemental data (e.g., the “Portfolio Metrics” slide deck or the SEC filing). To obtain the exact occupancy and rent‑per‑sq‑ft numbers, you’ll need to review the full earnings release on Macerich’s investor‑relations site or the latest Form 10‑K/10‑Q where the company reports its operating statistics.

From a trading perspective, the absence of disclosed occupancy and rent data in the headline release means the market has had to price the stock based largely on other fundamentals—such as same‑store net operating income (NOI) growth, tenant mix, and cash‑flow generation—rather than direct lease‑performance indicators. If the upcoming supplemental materials reveal a stable or improving occupancy rate (e.g., ≥95% versus 94% YoY) and modest rent growth (e.g., 2–3% YoY), that would reinforce the bullish narrative already reflected in the price action and could support a short‑term upside bias on MAC. Conversely, any sign of declining occupancy or flat/negative rent growth would be a red flag, suggesting pressure on cash yields and potentially prompting a corrective pull‑back. Until those metrics are confirmed, it’s prudent to monitor the supplemental release and any analyst commentary for the next 24‑48 hours before adjusting positions.