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Macerich Co.

Open the first phase of the Los Angeles Premium Outlets

Not delivered by the deadline

AI-assessed · human review in progress Found and assessed by AI from the cited sources. Shown with its evidence; it is not counted in any Kept Score until confirmed.

Announced
31 Oct 2018
Due
31 Dec 2021
Checked
24 Oct 2026
  • Deadline
  • Met
  • Late
  • Not met
  • Today

What the company said

“opening of the first phase of the Center planned for fall 2021”
  • SourceMacerich Form 8-K press release, 2018-10-31
  • FilingSEC filing index
  • Deadline as statedfall 2021
  • Deadline used31 Dec 2021, the last day of the stated period
  • TypeProject
  • Permanent referenceKI-C-2018-MAC-020354
    Cite as https://keptindex.org/c/KI-C-2018-MAC-020354/ — this address never changes.

What we found

Evidence strength A What the grades mean

The company's SEC filings from 2022 and 2023 continue to describe the Los Angeles Premium Outlets as a development project, indicating the first phase did not open by the fall 2021 deadline.

  • A
    Macerich 10-K filed 2022-02-25 Regulatory filing · published 25 Feb 2022 · retrieved 24 Oct 2026 · kept permanently by the SEC · fingerprint ecee4dbcb21c
    “The Company has a 50/50 joint venture with Simon Property Group, which was initially formed to develop Los Angeles Premium Outlets, a premium outlet center in Carson, California.” ✓ confirmed on the page
  • A
    Macerich 10-K filed 2023-02-24 Regulatory filing · published 24 Feb 2023 · retrieved 24 Oct 2026 · kept permanently by the SEC · fingerprint 0e8c493cb282
    “The Company has a 50/50 joint venture with Simon Property Group, which was initially formed to develop Los Angeles Premium Outlets, a premium outlet center in Carson, California.” ✓ confirmed on the page

Market reaction: the shares moved -2.7% against the S&P 500 over the three sessions around the disclosure (24 Feb 2022 to 1 Mar 2022). What this measures

Checked 24 Oct 2026.

Commitment lineage

Every time the company restated this commitment. The original is never changed, and the outcome is always measured against version 1.

  • Deadline drift -31 days
  • 2 versions
  1. Version 1 · original · stated 31 Oct 2018

    Deadline 31 Dec 2021 (“fall 2021”) · wording expected

  2. Version 2 · stated 7 Feb 2019

    Deadline 30 Nov 2021 (“Fall 2021”) · wording expected

    “The planned opening of the first phase of Los Angeles Premium Outlets is Fall 2021.”

    Source for this version

  3. Version 3 · stated 2 May 2019

    Deadline 30 Nov 2021 (“fall 2021”) · wording firm

    “is scheduled to open in fall 2021”

    Source for this version

  4. Version 4 · stated 1 Aug 2019

    Deadline 30 Nov 2021 (“fall 2021”) · target 400,000 square feet · wording firm

    “This extremely well-located shopping destination fronting Interstate-405 will include approximately 400,000 square feet in its first phase, and is currently scheduled to open in fall 2021”

    Source for this version

Commitment DNA

The structured record of this commitment. Fields the company did not state are left blank rather than guessed.

Event type
Project other
Indicative materiality
Low rules
Action
Open
Deliverable
Los Angeles Premium Outlets first phase
Where
Los Angeles
Language
Expected (“expects”, “plans”)
In the company’s control
Medium
Specificity
Medium
Depends on
Partner

How this entry was checked

  1. Commitment recordedThe company's words were matched word for word against the filing.
  2. First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
  3. Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
  4. Third check on a negative finding: disagreesBecause a negative finding could harm a company if wrong, a stronger model re-read the evidence fully blind and read it as “no_evidence”, so a person decides.

Not yet confirmed. Shown on the record, but it will not count in any score until it is confirmed. How verification works

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Report an error in this entry Reference: KI-C-2018-MAC-020354 · Corrections policy

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