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Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following derivatives were outstanding at March 31, 2024 and December 31, 2023:    

																																				Fair Value
Property						Designation						Notional Amount						Product						SOFR/LIBOR Rate						Maturity						March 31, 2024						December 31, 2023
Santa Monica Place						Non-Hedged						$	300,000					Cap						4.00		%				12/9/2024						$	2,495					$	2,665
The Macerich Partnership, L.P.						Non-Hedged						$	(300,000)					Sold Cap						4.00		%				12/9/2024						$	(2,491)					$	(2,658)

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- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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