MAC
The Macerich Company
Price Chart
Latest Quote
$25.92
+0.09 (+0.35%)
Current Price
| Previous Close | $25.83 |
| Open | $25.59 |
| Day High | $26.22 |
| Day Low | $25.58 |
| Volume | 1,238,747 |
Stock Information
| Quarterly Dividend / Yield | $0.68 / 2.63% |
| Shares Outstanding | 297.56M |
| Quarterly Dividend Yield | 2.63% |
| Quarterly Dividend | $0.68 |
| Total Debt | $5.00B |
| Cash Equivalents | $182.03M |
| Revenue | $1.02B |
| Net Income | $-184.17M |
| Sector | Real Estate |
| Industry | REIT - Retail |
| Market Cap | $8.01B |
| EPS (TTM) | $-0.72 |
| Exchange | NYQ |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $11.66B |
| Sales | $1.02B |
| Income | $-184.17M |
| Book/sh | $9.35 |
| Cash/sh | $0.61 |
| Employees | 596 |
Financial Ratios
| Quick Ratio | 0.23 |
| Current Ratio | 0.30 |
| Debt/Eq | 198.97 |
Returns & Margins
| ROA | 1.37% |
| ROE | -7.11% |
| Gross Margin | 55.10% |
| Operating Margin | 9.12% |
| Profit Margin | -17.90% |
Ownership
| Insider Ownership | 0.35% |
| Institutional Ownership | 96.80% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 235.64 |
| PEG | 4.80 |
| P/S | 7.82 |
| P/B | 2.77 |
Analyst Data
| Recommendation | buy |
| Target Price | $25.75 |
Technical Indicators
| SMA20 | $25.12 |
| SMA50 | $23.66 |
| SMA200 | $19.74 |
| RSI | 51.23 |
| ATR | 0.5871 |
| Shares Float | 260.70M |
| Short Float | 12.61% |
| Short Ratio | 5.49 |
| Volatility | 2.06 |
| Rel Volume | 0.34 |
Performance History
| Week | +4.98% |
| Month | +9.14% |
| Quarter | +18.99% |
| 6 Months | +43.90% |
| YTD | +42.19% |
| Year | +63.45% |
| 3 Years | +142.24% |
| 5 Years | +80.92% |
| 10 Years | -49.92% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-07-17 | $25.92 | 1,238,747 |
| 2026-07-16 | $25.83 | 1,596,800 |
| 2026-07-15 | $25.17 | 2,689,700 |
| 2026-07-14 | $24.89 | 2,937,000 |
| 2026-07-13 | $24.75 | 1,541,900 |
| 2026-07-10 | $24.69 | 2,868,900 |
| 2026-07-09 | $24.93 | 1,446,800 |
| 2026-07-08 | $24.77 | 1,680,100 |
| 2026-07-07 | $25.49 | 2,609,300 |
| 2026-07-06 | $25.28 | 2,039,200 |
| 2026-07-02 | $25.46 | 2,429,100 |
| 2026-07-01 | $25.42 | 3,812,600 |
| 2026-06-30 | $25.19 | 4,858,700 |
| 2026-06-29 | $25.74 | 5,922,700 |
| 2026-06-26 | $25.83 | 12,215,800 |
| 2026-06-25 | $25.48 | 4,104,500 |
| 2026-06-24 | $25.41 | 4,567,400 |
| 2026-06-23 | $24.39 | 2,576,000 |
| 2026-06-22 | $24.04 | 3,672,800 |
| 2026-06-18 | $23.63 | 8,348,000 |
About The Macerich Company
The Macerich Company is a fully integrated, self-managed, self-administered real estate investment trust (REIT). As a leading owner, operator, and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns approximately 41 million square feet of real estate, consisting primarily of interests in 39 retail centers. The Macerich Company was incorporated in 1964 in Maryland and is based in Santa Monica, California.
đ° Latest News
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Zacks âĸ 2026-06-15T17:54:00Z
How The Macerich (MAC) Investment Narrative Is Evolving With Steady Analyst Expectations
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Period:
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $446,580,000 | $419,172,000 | $380,857,000 | $379,485,000 |
| Cost Of Revenue | $457,600,000 | $430,267,000 | $394,890,000 | $390,353,000 |
| Operating Revenue | $973,470,000 | $880,267,000 | $839,208,000 | $829,060,000 |
| Expenses | ||||
| Interest Expense | $283,542,000 | $219,987,000 | $172,920,000 | $216,851,000 |
| Total Expenses | $846,222,000 | $753,192,000 | $706,489,000 | $709,129,000 |
| Rent Expense Supplemental | $46,626,000 | $41,340,000 | $36,423,000 | $32,670,000 |
| Other Income Expense | $-87,471,000 | $-143,990,000 | $-283,252,000 | $2,442,000 |
| Net Non Operating Interest Income Expense | $-283,542,000 | $-219,987,000 | $-172,920,000 | $-216,851,000 |
| Interest Expense Non Operating | $283,542,000 | $219,987,000 | $172,920,000 | $216,851,000 |
| Operating Expense | $388,622,000 | $322,925,000 | $311,599,000 | $318,776,000 |
| General And Administrative Expense | $31,539,000 | $28,145,000 | $29,238,000 | $27,164,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-197,149,000 | $-194,120,000 | $-274,065,000 | $-66,068,000 |
| Net Interest Income | $-283,542,000 | $-219,987,000 | $-172,920,000 | $-216,851,000 |
| Normalized Income | $-93,725,554 | $-247,133,343 | $-147,973,981 | $-72,149,420 |
| Net Income From Continuing And Discontinued Operation | $-197,149,000 | $-194,120,000 | $-274,065,000 | $-66,068,000 |
| Net Income Common Stockholders | $-197,923,000 | $-195,026,000 | $-274,935,000 | $-66,924,000 |
| Net Income | $-197,149,000 | $-194,120,000 | $-274,065,000 | $-66,068,000 |
| Net Income Including Noncontrolling Interests | $-201,059,000 | $-197,665,000 | $-278,099,000 | $-65,079,000 |
| Net Income Continuous Operations | $-201,059,000 | $-197,665,000 | $-278,099,000 | $-65,079,000 |
| Pretax Income | $-203,252,000 | $-198,965,000 | $-278,593,000 | $-64,374,000 |
| Special Income Charges | $-144,902,000 | $-318,787,000 | $-139,695,000 | $7,312,000 |
| Earnings From Equity Interest | $35,946,000 | $-197,352,000 | $-156,937,000 | $-5,256,000 |
| Operating Income | $167,761,000 | $165,012,000 | $177,579,000 | $150,035,000 |
| Depreciation Amortization Depletion Income Statement | $357,083,000 | $294,780,000 | $282,361,000 | $291,612,000 |
| Depreciation And Amortization In Income Statement | $357,083,000 | $294,780,000 | $282,361,000 | $291,612,000 |
| Gross Profit | $556,383,000 | $487,937,000 | $489,178,000 | $468,811,000 |
| Per Share | ||||
| Diluted EPS | $-0.78 | $-0.88 | $-1.28 | $-0.31 |
| Basic EPS | $-0.78 | $-0.88 | $-1.28 | $-0.31 |
| Other | ||||
| Tax Effect Of Unusual Items | $-19,993,554 | $348,657 | $-223,981 | $1,616,580 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $571,810,000 | $273,535,000 | $317,036,000 | $447,259,000 |
| Total Unusual Items | $-123,417,000 | $53,362,000 | $-126,315,000 | $7,698,000 |
| Total Unusual Items Excluding Goodwill | $-123,417,000 | $53,362,000 | $-126,315,000 | $7,698,000 |
| Reconciled Depreciation | $368,103,000 | $305,875,000 | $296,394,000 | $302,480,000 |
| EBITDA (Bullshit earnings) | $448,393,000 | $326,897,000 | $190,721,000 | $454,957,000 |
| EBIT | $80,290,000 | $21,022,000 | $-105,673,000 | $152,477,000 |
| Diluted Average Shares | $264,972,000 | $231,864,000 | $224,501,000 | $223,678,000 |
| Basic Average Shares | $254,216,000 | $221,845,000 | $215,548,000 | $215,031,000 |
| Diluted NI Availto Com Stockholders | $-197,923,000 | $-195,026,000 | $-274,935,000 | $-66,924,000 |
| Otherunder Preferred Stock Dividend | $774,000 | $906,000 | $870,000 | $856,000 |
| Minority Interests | $3,910,000 | $3,545,000 | $4,034,000 | $-989,000 |
| Tax Provision | $-2,193,000 | $-1,300,000 | $-494,000 | $705,000 |
| Gain On Sale Of Ppe | $6,545,000 | $1,185,000 | $5,592,000 | $22,357,000 |
| Impairment Of Capital Assets | $151,447,000 | $334,375,000 | $153,495,000 | $15,045,000 |
| Gain On Sale Of Security | $21,485,000 | $372,149,000 | $13,380,000 | $386,000 |
| Selling General And Administration | $31,539,000 | $28,145,000 | $29,238,000 | $27,164,000 |
| Other Gand A | $31,539,000 | $28,145,000 | $29,238,000 | $27,164,000 |
| Other Special Charges | - | $-14,403,000 | $-8,208,000 | - |
| Write Off | - | - | $153,495,000 | $15,045,000 |
Fetched: 2026-07-04
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $2,272,483,000 | $2,545,003,000 | $2,344,716,000 | $2,792,727,000 |
| Total Assets | $8,368,685,000 | $8,567,039,000 | $7,513,512,000 | $8,094,139,000 |
| Total Non Current Assets | $7,847,552,000 | $8,232,370,000 | $7,134,985,000 | $7,726,108,000 |
| Other Non Current Assets | $64,523,000 | $63,714,000 | $73,985,000 | $96,911,000 |
| Non Current Deferred Assets | $102,520,000 | $94,355,000 | $86,779,000 | $77,467,000 |
| Non Current Deferred Taxes Assets | $27,517,000 | $25,324,000 | $24,024,000 | $23,114,000 |
| Goodwill And Other Intangible Assets | $176,388,000 | $211,484,000 | $102,304,000 | $73,046,000 |
| Other Intangible Assets | $176,388,000 | $211,484,000 | $102,304,000 | $73,046,000 |
| Current Assets | $521,133,000 | $334,669,000 | $378,527,000 | $368,031,000 |
| Restricted Cash | $92,717,000 | $87,621,000 | $95,358,000 | $80,819,000 |
| Receivables | $148,170,000 | $157,190,000 | $188,233,000 | $186,892,000 |
| Accounts Receivable | $145,721,000 | $155,350,000 | $183,478,000 | $183,593,000 |
| Allowance For Doubtful Accounts Receivable | $-7,789,000 | $-7,146,000 | $-4,824,000 | $-10,741,000 |
| Gross Accounts Receivable | $153,510,000 | $162,496,000 | $188,302,000 | $194,334,000 |
| Cash Cash Equivalents And Short Term Investments | $280,246,000 | $89,858,000 | $94,936,000 | $100,320,000 |
| Cash And Cash Equivalents | $280,246,000 | $89,858,000 | $94,936,000 | $100,320,000 |
| Debt | ||||
| Net Debt | $4,788,700,000 | $4,902,990,000 | $4,130,748,000 | $4,303,393,000 |
| Total Debt | $5,135,925,000 | $5,064,531,000 | $4,309,673,000 | $4,498,624,000 |
| Long Term Debt And Capital Lease Obligation | $5,135,925,000 | $5,064,531,000 | $4,309,673,000 | $4,498,624,000 |
| Long Term Debt | $5,068,946,000 | $4,992,848,000 | $4,225,684,000 | $4,403,713,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $5,841,615,000 | $5,724,614,000 | $4,985,911,000 | $5,144,790,000 |
| Total Non Current Liabilities Net Minority Interest | $5,135,925,000 | $5,064,531,000 | $4,412,189,000 | $4,641,845,000 |
| Current Liabilities | $705,690,000 | $660,083,000 | $573,722,000 | $502,945,000 |
| Payables And Accrued Expenses | $705,690,000 | $660,083,000 | $573,722,000 | $502,945,000 |
| Payables | $319,598,000 | $280,220,000 | $238,980,000 | $184,200,000 |
| Dividends Payable | $194,388,000 | $192,680,000 | $174,786,000 | $121,093,000 |
| Accounts Payable | $125,210,000 | $87,540,000 | $64,194,000 | $63,107,000 |
| Other Non Current Liabilities | - | - | $102,516,000 | $143,221,000 |
| Equity | ||||
| Common Stock Equity | $2,448,871,000 | $2,756,487,000 | $2,447,020,000 | $2,865,773,000 |
| Total Equity Gross Minority Interest | $2,527,070,000 | $2,842,425,000 | $2,527,601,000 | $2,949,349,000 |
| Stockholders Equity | $2,448,871,000 | $2,756,487,000 | $2,447,020,000 | $2,865,773,000 |
| Gains Losses Not Affecting Retained Earnings | $-9,000 | $-34,000 | $-952,000 | $632,000 |
| Other Equity Adjustments | $-9,000 | $-34,000 | $-952,000 | $632,000 |
| Retained Earnings | $-3,777,816,000 | $-3,406,786,000 | $-3,063,789,000 | $-2,643,094,000 |
| Long Term Equity Investment | $707,075,000 | $654,667,000 | $852,764,000 | $1,224,288,000 |
| Other | ||||
| Ordinary Shares Number | $256,990,913 | $252,925,496 | $215,976,614 | $215,241,129 |
| Share Issued | $256,990,913 | $252,925,496 | $215,976,614 | $215,241,129 |
| Tangible Book Value | $2,272,483,000 | $2,545,003,000 | $2,344,716,000 | $2,792,727,000 |
| Invested Capital | $7,517,817,000 | $7,749,335,000 | $6,672,704,000 | $7,269,486,000 |
| Working Capital | $-184,557,000 | $-325,414,000 | $-195,195,000 | $-134,914,000 |
| Capital Lease Obligations | $66,979,000 | $71,683,000 | $83,989,000 | $94,911,000 |
| Total Capitalization | $7,517,817,000 | $7,749,335,000 | $6,672,704,000 | $7,269,486,000 |
| Minority Interest | $78,199,000 | $85,938,000 | $80,581,000 | $83,576,000 |
| Additional Paid In Capital | $6,224,127,000 | $6,160,780,000 | $5,509,603,000 | $5,506,084,000 |
| Capital Stock | $2,569,000 | $2,527,000 | $2,158,000 | $2,151,000 |
| Common Stock | $2,569,000 | $2,527,000 | $2,158,000 | $2,151,000 |
| Long Term Capital Lease Obligation | $66,979,000 | $71,683,000 | $83,989,000 | $94,911,000 |
| Current Accrued Expenses | $386,092,000 | $379,863,000 | $334,742,000 | $318,745,000 |
| Investments And Advances | $707,075,000 | $654,667,000 | $852,764,000 | $1,224,288,000 |
| Investmentsin Joint Venturesat Cost | $707,075,000 | $654,667,000 | $852,764,000 | $1,224,288,000 |
| Investment Properties | $6,688,128,000 | $7,097,113,000 | $5,900,489,000 | $6,127,790,000 |
| Net PPE | $108,918,000 | $111,037,000 | $118,664,000 | $126,606,000 |
| Gross PPE | $108,918,000 | $111,037,000 | $118,664,000 | $126,606,000 |
| Other Properties | $108,918,000 | $111,037,000 | $118,664,000 | $126,606,000 |
| Duefrom Related Parties Current | $2,449,000 | $1,840,000 | $4,755,000 | $3,299,000 |
| Treasury Shares Number | - | - | $0 | - |
| Dueto Related Parties Current | - | - | - | $0 |
Fetched: 2026-07-04
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $321,604,000 | $283,445,000 | $295,502,000 | $337,510,000 |
| Operating Activities | ||||
| Operating Cash Flow | $321,604,000 | $283,445,000 | $295,502,000 | $337,510,000 |
| Cash Flow From Continuing Operating Activities | $321,604,000 | $283,445,000 | $295,502,000 | $337,510,000 |
| Operating Gains Losses | $87,471,000 | $143,990,000 | $283,532,000 | $-910,000 |
| Investing Activities | ||||
| Investing Cash Flow | $-325,339,000 | $19,790,000 | $52,541,000 | $-1,402,000 |
| Cash Flow From Continuing Investing Activities | $-325,339,000 | $19,790,000 | $52,541,000 | $-1,402,000 |
| Net Other Investing Changes | $153,992,000 | $277,238,000 | $32,028,000 | $68,347,000 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $55,527,000 | $658,872,000 | $1,798,000 | $1,741,000 |
| Financing Cash Flow | $199,219,000 | $-316,050,000 | $-338,888,000 | $-321,940,000 |
| Cash Flow From Continuing Financing Activities | $199,219,000 | $-316,050,000 | $-338,888,000 | $-321,940,000 |
| Net Other Financing Charges | $-5,467,000 | $-8,785,000 | $-34,555,000 | $-6,172,000 |
| Cash Dividends Paid | $-188,208,000 | $-161,289,000 | $-159,290,000 | $-186,328,000 |
| Common Stock Dividend Paid | $-188,208,000 | $-161,289,000 | $-159,290,000 | $-186,328,000 |
| Net Common Stock Issuance | $55,527,000 | $658,872,000 | $1,215,000 | $1,558,000 |
| Common Stock Issuance | $55,527,000 | $658,872,000 | $1,798,000 | $1,741,000 |
| Dividends Received Cfi | $112,635,000 | $93,998,000 | $300,861,000 | $131,306,000 |
| Repurchase Of Capital Stock | - | - | $-583,000 | $-183,000 |
| Other | ||||
| Repayment Of Debt | $-261,733,000 | $-2,029,848,000 | $-865,258,000 | $-407,998,000 |
| Issuance Of Debt | $599,100,000 | $1,225,000,000 | $719,000,000 | $277,000,000 |
| Interest Paid Supplemental Data | $207,922,000 | $186,345,000 | $191,500,000 | $180,321,000 |
| End Cash Position | $372,963,000 | $177,479,000 | $190,294,000 | $181,139,000 |
| Beginning Cash Position | $177,479,000 | $190,294,000 | $181,139,000 | $166,971,000 |
| Changes In Cash | $195,484,000 | $-12,815,000 | $9,155,000 | $14,168,000 |
| Net Issuance Payments Of Debt | $337,367,000 | $-804,848,000 | $-146,258,000 | $-130,998,000 |
| Net Long Term Debt Issuance | $337,367,000 | $-804,848,000 | $-146,258,000 | $-130,998,000 |
| Long Term Debt Payments | $-261,733,000 | $-2,029,848,000 | $-865,258,000 | $-407,998,000 |
| Long Term Debt Issuance | $599,100,000 | $1,225,000,000 | $719,000,000 | $277,000,000 |
| Net Investment Properties Purchase And Sale | $-434,351,000 | $-338,476,000 | $-199,190,000 | $-119,337,000 |
| Purchase Of Investment Properties | $-434,351,000 | $-338,476,000 | $-199,190,000 | $-119,337,000 |
| Net Business Purchase And Sale | $-157,615,000 | $-12,970,000 | $-81,158,000 | $-81,718,000 |
| Sale Of Business | $0 | $49,002,000 | $0 | $0 |
| Purchase Of Business | $-157,615,000 | $-61,972,000 | $-81,158,000 | $-81,718,000 |
| Change In Working Capital | $22,353,000 | $18,052,000 | $18,298,000 | $60,370,000 |
| Change In Other Current Assets | $612,000 | $-16,193,000 | $6,100,000 | $-13,246,000 |
| Change In Payables And Accrued Expense | $18,952,000 | $27,889,000 | $13,300,000 | $70,632,000 |
| Change In Accrued Expense | $-13,564,000 | $6,583,000 | $11,430,000 | $71,014,000 |
| Change In Payable | $32,516,000 | $21,306,000 | $1,870,000 | $-382,000 |
| Change In Account Payable | $32,516,000 | $21,306,000 | $1,870,000 | $-382,000 |
| Change In Receivables | $2,789,000 | $6,356,000 | $-1,102,000 | $2,984,000 |
| Changes In Account Receivables | $3,398,000 | $3,441,000 | $354,000 | $6,610,000 |
| Other Non Cash Items | $24,128,000 | $-3,791,000 | $-34,596,000 | $22,962,000 |
| Stock Based Compensation | $18,168,000 | $12,131,000 | $13,166,000 | $17,638,000 |
| Provisionand Write Offof Assets | $4,633,000 | $6,153,000 | $-2,699,000 | $-656,000 |
| Deferred Tax | $-2,193,000 | $-1,300,000 | $-494,000 | $705,000 |
| Deferred Income Tax | $-2,193,000 | $-1,300,000 | $-494,000 | $705,000 |
| Depreciation Amortization Depletion | $368,103,000 | $305,875,000 | $296,394,000 | $302,480,000 |
| Depreciation And Amortization | $368,103,000 | $305,875,000 | $296,394,000 | $302,480,000 |
| Earnings Losses From Equity Investments | $-35,946,000 | $197,352,000 | $156,937,000 | $5,256,000 |
| Net Income From Continuing Operations | $-201,059,000 | $-197,665,000 | $-278,099,000 | $-65,079,000 |
| Common Stock Payments | - | - | $-583,000 | $-183,000 |
| Gain Loss On Investment Securities | - | - | $280,000 | $1,532,000 |
Fetched: 2026-07-04