MAC: the balance sheet

MyFinsight

For the year ending 2025-12-31, MAC has $8,368,685K in assets. $5,841,615K in debts. $280,246K in cash and cash equivalents.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-12-31
Property, net	6,688,128
Cash and cash equivalents	280,246
Restricted cash	92,717
Tenant and other receivables, net	145,721
Right-of-use assets, net	108,918
Leasing	55,072
In-place lease values	136,239
Leasing commissions and legal costs	30,134
Above-market leases	75,756
Deferred tax assets	27,517
Deferred compensation plan assets	75,003
Other assets	60,019
Deferred charges and other assets, gross	459,740
Less accumulated amortization	116,309
Deferred charges and other assets, net	343,431
Due from affiliates	2,449
Investments in unconsolidated joint ventures	707,075
Total assets	8,368,685

Mortgage notes payable	5,068,946
Bank and other notes payable	0
Accounts payable and accrued expenses	125,210
Lease liabilities	66,979
Other accrued liabilities	386,092
Distributions in excess of investments in unconsolidated joint ventures	194,388
Total liabilities	5,841,615
Common stock, 0.01 par value, 500,000,000 shares authorized at december31, 2025 and 2024, 256,990,913 and 252,925,496 shares issued and outstanding at december31, 2025 and 2024, respectively	2,569
Additional paid-in capital	6,224,127
Accumulated deficit	-3,777,816
Accumulated other comprehensive loss	-9
Total stockholders' equity	2,448,871
Noncontrolling interests	78,199
Total equity	2,527,070
Total liabilities and equity	8,368,685

Unit: Thousand (K) dollars