Exhibit 99.2

Supplemental Financial Information
For the three and twelve months ended December 31, 2010

The Macerich Company

Supplemental Financial and Operating Information

Table of Contents

        All information included in this supplemental financial package is unaudited, unless otherwise indicated.

	Page No.
Corporate Overview	1-3
Overview	1
Capital information and market capitalization	2
Changes in total common and equivalent shares/units	3
Financial Data	4-5
Supplemental FFO information	4
Capital expenditures	5
Operational Data	6-9
Sales per square foot	6
Occupancy	7
Rent	8
Cost of occupancy	9
Balance Sheet Information	10-14
Consolidated Balance Sheets of the Company as of December 31, 2010 and 2009 (unaudited)	10
Debt summary	11
Outstanding debt by maturity date	12-14
Top Ten Tenants	15

        This supplemental financial information should be read in connection with the Company's fourth quarter 2010 earnings announcement (included as Exhibit 99.1 of the Company's Current Report on 8-K, event date February 8, 2011) as certain disclosures, definitions and reconciliations in such announcement have not been included in this supplemental financial information.

The Macerich Company

Supplemental Financial and Operating Information

Overview

        The Macerich Company (the "Company") is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States. The Company is the sole general partner of, and owns a majority of the ownership interests in, The Macerich Partnership, L.P., a Delaware limited partnership (the "Operating Partnership").

        As of December 31, 2010, the Operating Partnership owned or had an ownership interest in 71 regional malls and 13 community shopping centers aggregating approximately 73 million square feet of gross leasable area ("GLA"). These 84 regional malls and community shopping centers are referred to hereinafter as the "Centers", unless the context requires otherwise.

        On July 15, 2010, a court appointed receiver ("Receiver") assumed operational control of Valley View Center and responsibility for managing all aspects of the property. The Company anticipates the disposition of the asset, which is under the control of the Receiver, will be executed through foreclosure, deed in lieu of foreclosure, or by some other means, and will be completed within the next twelve months. Consequently, Valley View has been excluded from certain Non-GAAP operating measures in 2010 as indicated in this document.

        The Company is a self-administered and self-managed real estate investment trust ("REIT") and conducts all of its operations through the Operating Partnership and the Company's management companies (collectively, the "Management Companies").

        All references to the Company in this Exhibit include the Company, those entities owned or controlled by the Company and predecessors of the Company, unless the context indicates otherwise.

1

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Capital Information and Market Capitalization

	Period Ended
	12/31/2010			12/31/2009			12/31/2008
	dollars in thousands except per share data
Closing common stock price per share	$	47.37		$	35.95		$	18.16
52 week high	$	49.86		$	38.22		$	76.50
52 week low	$	29.30		$	5.45		$	8.31
Shares outstanding at end of period
Class A non-participating convertible preferred units		208,640			205,757			193,164
Common shares and partnership units		142,048,985			108,658,421			88,529,334
Total common and equivalent shares/units outstanding		142,257,625			108,864,178			88,722,498
Portfolio capitalization data
Total portfolio debt, including joint ventures at pro rata	$	5,854,780		$	6,563,706		$	7,926,241
Equity market capitalization		6,738,744			3,913,667			1,611,201
Total market capitalization	$	12,593,524		$	10,477,373		$	9,537,442
Floating rate debt as a percentage of total debt		16.4	%		16.0	%		21.9	%

2

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Changes in Total Common and Equivalent Shares/Units

	Partnership Units			Company Common Shares		Class A Non-Participating Convertible Preferred Units ("NPCPUs")		Total Common and Equivalent Shares/ Units
Balance as of December 31, 2009		11,990,732			96,667,689		205,757		108,864,178
Conversion of partnership units to common shares		(31,878	)		31,878		—		—
Conversion of partnership units to cash		(8,256	)		—		—		(8,256	)
Issuance of stock/partnership units from stock dividends, restricted stock issuance or other share- or unit-based plans		282,057			2,059,364		2,883		2,344,304
Balance as of March 31, 2010		12,232,655			98,758,931		208,640		111,200,226
Conversion of partnership units to common shares		(420,103	)		423,551		—		3,448
Conversion of partnership units to cash		(560	)				—		(560	)
Common Stock Offering		—			31,000,000		—		31,000,000
Issuance of stock/partnership units from restricted stock issuance or other share- or unit-based plans		—			21,963		—		21,963
Balance as of June 30, 2010		11,811,992			130,204,445		208,640		142,225,077
Conversion of partnership units to common shares		(6,914	)		6,914		—		—
Conversion of partnership units to cash		(1,000	)		—		—		(1,000	)
Issuance of stock/partnership units from restricted stock issuance or other share- or unit-based plans		—			6,413		—		6,413
Balance as of September 30, 2010		11,804,078			130,217,772		208,640		142,230,490
Conversion of partnership units to common shares		(210,600	)		210,600		—		—
Issuance of stock/partnership units from restricted stock issuance or other share- or unit-plans		3,475			23,660		—		27,135
Balance as of December 31, 2010		11,596,953			130,452,032		208,640		142,257,625

3

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Supplemental Funds from Operations ("FFO") Information(a)

	As of December 31,
	2010		2009
Straight line rent receivable	$	74.0	$	67.9

	For the Three Months Ended December 31,						For the Twelve Months Ended December 31,
	2010			2009			2010			2009
	dollars in millions
Lease termination fees	$	2.9		$	7.5		$	9.5		$	21.8
Straight line rental income	$	1.6		$	3.5		$	7.0		$	10.7
Gain on sales of undepreciated assets	$	0.1		$	1.3		$	0.6		$	4.6
Amortization of acquired above- and below-market leases	$	2.4		$	3.3		$	10.8		$	13.7
Amortization of debt (discounts)/premiums	$	(1.7	)	$	(0.6	)	$	(4.2	)	$	0.1
Interest capitalized	$	3.9		$	7.1		$	28.4		$	26.4

(a)

All joint venture amounts included at pro rata.

4

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Capital Expenditures

		Year Ended 12/31/10		Year Ended 12/31/2009		Year Ended 12/31/2008
		dollars in millions
Consolidated Centers(a)
Acquisitions of property and equipment		$	12.9	$	11.0	$	87.5
Development, redevelopment and expansions of Centers			201.6		216.6		446.1
Renovations of Centers			13.2		9.6		8.5
Tenant allowances			22.0		10.8		14.7
Deferred leasing charges			24.5		20.0		22.3
	Total	$	274.2	$	268.0	$	579.1
Unconsolidated Joint Venture Centers(a)
Acquisitions of property and equipment		$	6.1	$	5.4	$	294.4
Development, redevelopment and expansions of Centers			35.3		57.0		60.8
Renovations of Centers			7.0		4.2		3.1
Tenant allowances			8.1		5.1		13.8
Deferred leasing charges			4.7		3.8		5.0
	Total	$	61.2	$	75.5	$	377.1

(a)

All joint venture amounts at pro rata.

5

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Sales Per Square Foot(a)

	Consolidated Centers		Unconsolidated Joint Venture Centers		Total Centers
12/31/2010	$	392	$	468	$	433
12/31/2009	$	368	$	440	$	407
12/31/2008	$	420	$	460	$	441

(a)

Sales are based on reports by retailers leasing mall and freestanding stores for the trailing 12 months for tenants which have occupied such stores for a minimum of 12 months. Sales per square foot are based on tenants 10,000 square feet and under for regional malls. The sales per square foot for Year 2010 excludes Valley View Center.

6

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Occupancy

Period Ended	Consolidated Centers Regional Malls(a)(b)			Unconsolidated Joint Venture Centers Regional Malls(a)			Total Regional Malls(a)(b)
12/31/2010		93.8	%		92.5	%		93.1	%
12/31/2009		91.2	%		91.3	%		91.3	%
12/31/2008		91.6	%		92.8	%		92.3	%

Period Ended	Consolidated Centers(b)(c)			Unconsolidated Joint Venture Centers(c)			Total Centers(b)(c)
12/31/2010		93.5	%		92.3	%		92.9	%
12/31/2009		90.7	%		91.4	%		91.1	%
12/31/2008		91.3	%		93.1	%		92.3	%

(a)

Only includes regional malls. Occupancy data excludes space under development and redevelopment.



(b)

Occupancy for the year ended December 31, 2010 excludes Valley View Center.



(c)

Includes regional malls and community centers. Occupancy data excludes space under development and redevelopment.

7

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Rent

		Average Base Rent PSF(a)		Average Base Rent PSF on Leases Executed during the trailing twelve months ended(b)		Average Base Rent PSF on Leases Expiring(c)
Consolidated Centers
	12/31/2010(d)	$	37.93	$	34.99	$	37.02
	12/31/2009	$	37.77	$	38.15	$	34.10
	12/31/2008	$	41.39	$	42.70	$	35.14
Unconsolidated Joint Venture Centers
	12/31/2010	$	46.16	$	48.90	$	38.39
	12/31/2009	$	45.56	$	43.52	$	37.56
	12/31/2008	$	42.14	$	49.74	$	37.61

(a)

The average base rent per square foot is based on Mall and Freestanding Store GLA for spaces 10,000 square feet and under, occupied as of the applicable date, for each of the Centers owned by the Company. Leases for Promenade at Casa Grande, SanTan Village Power Center and SanTan Village Regional Center were excluded for Year 2008 because they were under development. Leases for The Market at Estrella Falls were excluded for Years 2008 and 2009 because the center was under development. Leases for Santa Monica Place were excluded for Years 2008, 2009 and 2010 because the center was under redevelopment.

(b)

The average base rent per square foot on leases executed during the period represents the actual rent to be paid during the first twelve months for tenants 10,000 square feet and under. Leases executed for Promenade at Casa Grande, SanTan Village Power Center and SanTan Village Regional Center were excluded for Year 2008 because they were under development. Leases executed for The Market at Estrella Falls were excluded for Years 2008 and 2009 because the center was under development. Leases executed for Santa Monica Place were excluded for Years 2008, 2009 and 2010 because the center was under redevelopment.

(c)

The average base rent per square foot on leases expiring during the period represents the final year minimum rent, on a cash basis, for all tenant leases 10,000 square feet and under expiring during the year. Leases for Promenade at Casa Grande, SanTan Village Power Center and SanTan Village Regional Center were excluded for Year 2008 because they were under development. Leases for The Market at Estrella Falls were excluded for Years 2008 and 2009 because the center was under development. Leases for Santa Monica Place were excluded for Years 2008, 2009 and 2010 because the center was under redevelopment.

(d)

The amounts in the table above exclude Valley View Center in Year 2010.

8

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Cost of Occupancy

			For Years Ended December 31,
			2010(a)			2009			2008
Consolidated Centers
	Minimum rents			8.6	%		9.1	%		8.9	%
	Percentage rents			0.4	%		0.4	%		0.4	%
	Expense recoveries(b)			4.4	%		4.7	%		4.4	%
		Total		13.4	%		14.2	%		13.7	%

			For Years Ended December 31,
			2010			2009			2008
Unconsolidated Joint Venture Centers
	Minimum rents			9.1	%		9.4	%		8.2	%
	Percentage rents			0.4	%		0.4	%		0.4	%
	Expense recoveries(b)			4.0	%		4.3	%		3.9	%
		Total		13.5	%		14.1	%		12.5	%

(a)

The cost of occupancy for the year ended December 31, 2010 excludes Valley View Center.

(b)

Represents real estate tax and common area maintenance charges.

9

The Macerich Company

Supplemental Financial and Operating Information

Consolidated Balance Sheets (unaudited)

(Dollars in thousands, except par value)

				December 31, 2010			December 31, 2009
ASSETS:
Property, net(a)				$	5,674,127		$	5,657,939
Cash and cash equivalents(b)					445,645			93,255
Restricted cash					71,434			41,619
Marketable securities					25,935			26,970
Tenant and other receivables, net					95,083			101,220
Deferred charges and other assets, net					316,969			276,922
Loans to unconsolidated joint ventures					3,095			2,316
Due from affiliates					6,599			6,034
Investments in unconsolidated joint ventures					1,006,123			1,046,196
			Total assets	$	7,645,010		$	7,252,471
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY:
Mortgage notes payable:
	Related parties			$	302,344		$	196,827
	Others				2,957,131			3,039,209
			Total		3,259,475			3,236,036
Bank and other notes payable					632,595			1,295,598
Accounts payable and accrued expenses					70,585			70,275
Other accrued liabilities					257,471			266,197
Distributions in excess of investments in unconsolidated joint ventures					65,045			67,052
Co-venture obligation					160,270			168,049
Preferred dividends payable					207			207
			Total liabilities		4,445,648			5,103,414
Redeemable noncontrolling interests					11,366			20,591
Commitments and contingencies
Equity:
	Stockholders' equity:
		Common stock, $0.01 par value, 250,000,000 shares authorized, 130,452,032 and 96,667,689 shares issued and outstanding at December 31, 2010 and 2009, respectively			1,304			967
		Additional paid-in capital			3,456,569			2,227,931
		Accumulated deficit			(564,357	)		(345,930	)
		Accumulated other comprehensive loss			(3,237	)		(25,397	)
			Total stockholders' equity		2,890,279			1,857,571
	Noncontrolling interests				297,717			270,895
			Total equity		3,187,996			2,128,466
			Total liabilities, redeemable noncontrolling interests and equity	$	7,645,010		$	7,252,471

(a)

Includes consolidated construction in process of $292,891 at December 31, 2010 and $583,334 at December 31, 2009. Does not include pro rata share of unconsolidated joint venture construction in process of $36,903 at December 31, 2010 and $63,856 at December 31, 2009.

(b)

Does not include pro rata share of unconsolidated joint venture cash of $57,437 at December 31, 2010 or $71,335 at December 31, 2009.

10

The Macerich Company

Supplemental Financial and Operating Information (unaudited)

Debt Summary (at Company's pro rata share)

		As of December 31, 2010
		Fixed Rate			Floating Rate(a)			Total
		dollars in thousands
Consolidated debt		$	2,919,406		$	717,585		$	3,636,991
Unconsolidated debt			1,976,066			241,723			2,217,789
	Total debt	$	4,895,472		$	959,308		$	5,854,780
Weighted average interest rate			6.09	%		3.40	%		5.65	%
Weighted average maturity (years)									5.12

(a)

Excludes swapped floating rate debt. Swapped debt is included in the fixed debt category.

11

The Macerich Company

Supplemental Financial and Operating Information (Unaudited)

Outstanding Debt by Maturity Date

	As of December 31, 2010
Center/Entity (dollars in thousands)	Maturity Date		Effective Interest Rate(a)			Fixed		Floating		Total Debt Balance(a)
I. Consolidated Assets:
Valley View Center(b)		01/01/11		5.81	%	$	125,000	$	—	$	125,000
Victor Valley, Mall of(c)(d)		05/06/11		6.94	%		100,000		—		100,000
Shoppingtown Mall		05/11/11		5.01	%		39,675		—		39,675
Capitola Mall		05/15/11		7.13	%		33,459		—		33,459
Westside Pavilion(d)(e)		06/05/11		8.08	%		165,000		—		165,000
Pacific View		08/31/11		7.25	%		77,782		—		77,782
Pacific View		08/31/11		7.00	%		6,314		—		6,314
Rimrock Mall		10/01/11		7.57	%		40,650		—		40,650
Prescott Gateway		12/01/11		5.86	%		60,000		—		60,000
Hilton Village		02/01/12		5.27	%		8,581		—		8,581
The Macerich Company—Convertible Senior Notes(f)		03/15/12		5.41	%		606,971		—		606,971
Tucson La Encantada		06/01/12		5.84	%		76,437		—		76,437
Chandler Fashion Center(g)		11/01/12		5.21	%		48,017		—		48,017
Chandler Fashion Center(g)		11/01/12		6.00	%		31,823		—		31,823
Towne Mall		11/01/12		4.99	%		13,348		—		13,348
Deptford Mall		01/15/13		5.41	%		172,500		—		172,500
Greeley—Defeasance		09/01/13		6.34	%		25,624		—		25,624
Great Northern Mall		12/01/13		5.19	%		38,077		—		38,077
Fiesta Mall		01/01/15		4.98	%		84,000		—		84,000
South Plains Mall		04/11/15		6.53	%		104,132		—		104,132
Vintage Faire Mall(h)		04/27/15		8.37	%		135,000		—		135,000
Fresno Fashion Fair		08/01/15		6.76	%		165,583		—		165,583
Flagstaff Mall		11/01/15		5.03	%		37,000		—		37,000
South Towne Center		11/05/15		6.39	%		87,726		—		87,726
Valley River Center		02/01/16		5.59	%		120,000		—		120,000
Salisbury, Center at		05/01/16		5.83	%		115,000		—		115,000
Deptford Mall		06/01/16		6.46	%		15,248		—		15,248
Freehold Raceway Mall(g)		01/01/18		4.20	%		116,683		—		116,683
Danbury Fair Mall		10/01/20		5.53	%		219,313		—		219,313
Chesterfield Towne Center(i)		01/01/24		9.07	%		50,463		—		50,463
Total Fixed Rate Debt for Consolidated Assets				6.07	%	$	2,919,406	$	—	$	2,919,406
La Cumbre Plaza(d)		12/09/11		2.44	%	$	—	$	23,113	$	23,113
Twenty Ninth Street(j)		03/25/11		5.45	%		—		106,244		106,244
Westside Pavilion(d)		06/05/11		3.26	%		—		10,000		10,000
SanTan Village Regional Center(d)(k)		06/13/11		2.94	%		—		117,277		117,277
Oaks, The(d)		07/10/11		2.31	%		—		165,000		165,000
Oaks, The(d)		07/10/11		2.83	%		—		92,264		92,264
Paradise Valley Mall(d)		08/31/12		6.30	%		—		85,000		85,000
Northgate Mall(d)		01/01/13		7.00	%		—		38,115		38,115
Wilton Mall		08/01/13		1.26	%		—		40,000		40,000
Promenade at Casa Grande(l)		12/30/13		5.21	%		—		40,572		40,572
Total Floating Rate Debt for Consolidated Assets				3.79	%	$	—	$	717,585	$	717,585
Total Debt for Consolidated Assets				5.62	%	$	2,919,406	$	717,585	$	3,636,991

12

The Macerich Company
Supplemental Financial and Operating Information (Unaudited)
Outstanding Debt by Maturity Date

	As of December 31, 2010
Center/Entity (dollars in thousands)	Maturity Date		Effective Interest Rate(a)			Fixed			Floating			Total Debt Balance(a)
II. Unconsolidated Assets (At Company's pro rata share):
Inland Center (50%)(m)		02/11/11		6.06	%	$	23,400		$	—		$	23,400
Ridgmar (50%)(d)		04/11/11		7.74	%		28,546			—			28,546
Arrowhead Towne Center (33.3%)		10/01/11		6.38	%		24,793			—			24,793
SanTan Village Power Center (34.9%)		02/01/12		5.33	%		15,705			—			15,705
NorthPark Center (50%)		05/10/12		5.97	%		89,118			—			89,118
NorthPark Center (50%)		05/10/12		8.33	%		39,868			—			39,868
NorthPark Land (50%)		05/10/12		8.33	%		38,509			—			38,509
Kierland Greenway (24.5%)		01/01/13		6.02	%		14,604			—			14,604
Kierland Main Street (24.5%)		01/02/13		4.99	%		3,636			—			3,636
Queens Center (51%)		03/01/13		7.78	%		64,610			—			64,610
Queens Center (51%)		03/01/13		7.00	%		104,472			—			104,472
Scottsdale Fashion Square (50%)		07/08/13		5.66	%		275,000			—			275,000
FlatIron Crossing (25%)		12/01/13		5.26	%		44,176			—			44,176
Tysons Corner Center (50%)		02/17/14		4.78	%		158,918			—			158,918
Redmond Office (51%)		05/15/14		7.52	%		30,472			—			30,472
Biltmore Fashion Park (50%)		10/01/14		8.25	%		29,747			—			29,747
Lakewood Mall (51%)		06/01/15		5.43	%		127,500			—			127,500
Broadway Plaza (50%)		08/15/15		6.12	%		72,806			—			72,806
Camelback Colonnade (75%)		10/12/15		4.82	%		35,250			—			35,250
Chandler Festival (50%)		11/01/15		6.39	%		14,850			—			14,850
Chandler Gateway (50%)		11/01/15		6.37	%		9,450			—			9,450
Washington Square (51%)		01/01/16		6.04	%		124,415			—			124,415
Eastland Mall (50%)		06/01/16		5.80	%		84,000			—			84,000
Empire Mall (50%)		06/01/16		5.81	%		88,150			—			88,150
Granite Run (50%)		06/01/16		5.84	%		57,484			—			57,484
Mesa Mall (50%)		06/01/16		5.82	%		43,625			—			43,625
Rushmore (50%)		06/01/16		5.82	%		47,000			—			47,000
Southern Hills (50%)		06/01/16		5.82	%		50,750			—			50,750
Valley Mall (50%)		06/01/16		5.85	%		22,323			—			22,323
North Bridge, The Shops at (50%)		06/15/16		7.52	%		101,056			—			101,056
West Acres (19%)		10/01/16		6.41	%		12,271			—			12,271
Corte Madera, The Village at (50.1%)		11/01/16		7.27	%		39,654			—			39,654
Stonewood Mall (51%)		11/01/17		4.67	%		58,140			—			58,140
Wilshire Building (30%)		01/01/33		6.35	%		1,768			—			1,768
Total Fixed Rate Debt for Unconsolidated Assets				6.11	%	$	1,976,066		$	—		$	1,976,066
Chandler Village Center (50%)		03/01/11		1.39	%	$	—		$	8,643		$	8,643
Desert Sky Mall (50%)		03/04/11		1.36	%		—			25,750			25,750
Market at Estrella Falls (39.7%) (d)		06/01/11		2.41	%		—			13,480			13,480
Los Cerritos Center (51%)		07/01/11		1.13	%		—			102,000			102,000
Superstition Springs Center (33.3%)		09/09/11		0.68	%		—			22,500			22,500
Pacific Premier Retail Trust (51%) (d)		11/03/12		5.06	%		—			58,650			58,650
Boulevard Shops (50%)		12/16/13		3.33	%		—			10,700			10,700
Total Floating Rate Debt for Unconsolidated Assets				2.24	%	$	—		$	241,723		$	241,723
Total Debt for Unconsolidated Assets				5.68	%	$	1,976,066		$	241,723		$	2,217,789
Total Debt				5.65	%	$	4,895,472		$	959,308		$	5,854,780
Percentage to Total							83.61	%		16.39	%		100.00	%

(a)

The debt balances include the unamortized debt premiums/discounts. Debt premiums/discounts represent the excess of the fair value of debt over the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The annual interest rate in the above table represents the effective interest rate, including the debt premiums/discounts and loan financing costs.

(b)

Effective July 15, 2010, a court-appointed receiver assumed operational control of this property and responsibility for managing all aspects of the property.

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(c)

The Company placed an interest rate swap on this loan that effectively converts the interest rate from LIBOR plus 1.60% to fixed rate debt of 6.94% until April 25, 2011.

(d)

This loan includes extension options beyond the stated maturity date.

(e)

The Company placed an interest rate swap on this loan that effectively converts the interest rate from LIBOR plus 2.00% to fixed rate debt of 8.08% until April 25, 2011.

(f)

These convertible senior notes were issued on March 16, 2007 in an aggregate amount of $950.0 million. The above table includes the unamortized discount of $12.7 million and the annual interest rate represents the effective interest rate, including the discount.

(g)

This property is a consolidated joint venture. The above debt balance represents the Company's pro rata share of 50.1%.

(h)

The Company placed an interest rate swap on this loan that effectively converts the interest rate from LIBOR plus 3.00% to fixed rate debt of 8.37% until April 25, 2011.

(i)

On February 1, 2011, the entire loan was paid off with cash on hand.

(j)

On January 18, 2011, the Company replaced the existing loan on the property with a new $107,000 loan that bears interest at LIBOR plus 2.63% and matures on January 18, 2016.

(k)

This property is a consolidated joint venture. The above debt balance represents the Company's pro rata share of 84.9%.

(l)

This property is a consolidated joint venture. The above debt balance represents the Company's pro rata share of 51.3%.

(m)

The Company's joint venture has obtained a commitment for a $50 million refinancing for five years at LIBOR plus 3.0%.

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The Macerich Company
Supplemental Financial and Operating Information (Unaudited)
Top Ten Tenants

        The following tenants (including their subsidiaries) represent the 10 largest rent payers in the Company's portfolio (including joint ventures) based upon rents in place as of December 31, 2010. Valley View Center is excluded from the table below.

Tenant	Primary DBA	Number of Locations in the Portfolio		% of Total Rents(1)
Gap Inc.	Gap, Banana Republic, Old Navy		87		2.6	%
Limited Brands, Inc.	Victoria Secret, Bath and Body		135		2.4	%
Forever 21, Inc.	Forever 21, XXI Forever		46		2.0	%
Foot Locker, Inc.	Footlocker, Champs Sports, Lady Footlocker		131		1.6	%
Abercrombie and Fitch Co.	Abercrombie & Fitch, Abercrombie, Hollister		75		1.5	%
AT&T Mobility LLC(2)	AT&T Wireless, Cingular Wireless		29		1.4	%
Golden Gate Capital	Eddie Bauer, Express, J. Jill		59		1.3	%
Luxottica Group	Lenscrafters, Sunglass Hut		149		1.3	%
American Eagle Outfitters, Inc.	American Eagle Outfitters		61		1.1	%
Macy's, Inc.	Macy's, Bloomingdale's		64		1.0	%

(1)

Total rents include minimum rents and percentage rents.

(2)

Includes AT&T Mobility office headquarters located at Redmond Town Center.

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