A LETTER TO OUR COMMUNITIES

This spring, across the Macerich portfolio, the inherent optimism of the American consumer is on full display. Our properties from coast to coast are teeming with people – all wanting to gather, shop, dine, explore and experience places where they are welcome and feel valued.

Over and over, I’m struck by how people add vitality to our thriving Regional Town Centers. It’s people who create community and bring our buildings, courtyards and campuses to brilliant life.

For this reason, our communities and our people are at the core of our successful approach to double materiality, where financial responsibility and good stewardship of natural resources intersect. Our Company has long focused on assessing the impacts of our actions on both our environment and our economic performance.

At Macerich, our longstanding industry leadership in sustainability combines with solid financial performance, reflecting this essential balance as we remain sharply focused and on track to achieve our carbon neutrality goals. Importantly, we continue to assess and advance sound corporate governance practices for our business processes, policies and structures. In 2022, we further coordinated this work with oversight of our ESG goals through the natural evolution of our inclusion work into MacImpact, which brings together people with various skills, expertise and perspectives across Macerich.

It's fitting that this year’s Macerich Corporate Responsibility Report details our initiatives that increase diversity and opportunity for people from all backgrounds and forward the essential social value of belonging for everyone at our properties and workplaces. Just as people bring our Regional Town Centers to life, at Macerich, we believe our people make us who we are as a Company. Together we will continue to advance our deep commitment to being economically productive, socially inclusive, active and engaged members of our communities and responsible stewards of the natural world in which we are privileged to share.

Sincerely,

THOMAS E. O’HERN CHIEF EXECUTIVE OFFICER