Macerich Declares Its Quarterly Dividend

SANTA MONICA, Calif., May 2 /PRNewswire-FirstCall/ -- The Board of Directors of The Macerich Company (NYSE:MAC) declared a dividend of $0.80 per share of common stock to stockholders of record on May 19, 2008. In addition, Macerich declared a dividend of $0.80 per share on its Series A Cumulative Preferred Stock. The dividends are payable on June 9, 2008.

Macerich is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. The company is the sole general partner and owns an 85% ownership interest in The Macerich Partnership, L.P. Macerich now owns approximately 77 million square feet of gross leaseable area consisting primarily of interests in 72 regional malls. Additional information about Macerich can be obtained from the Company's Web site at http://www.macerich.com/.

First Call Analyst:
FCMN Contact:

Source: The Macerich Company

CONTACT: media, Arthur Coppola, President and Chief Executive Officer,
or Thomas O'Hern, Executive Vice President and Chief Financial Officer, both
of The Macerich Company, +1-310-394-6000

Web site: http://www.macerich.com/

2008-05-02 18:32:26 0351849 PRNEWSWIRE