The Macerich Company MAC R2K
Real Estate · REIT - Retail · United States
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 39 million square feet of real estate, consisting primarily of interests in 38 retail centers. Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. The Macerich Company was incorporated in 1964 and is based in Santa Monica, United States.
READ MORE ›$22.52
+44.58% 1Y
Market & Price
Market Cap
$6.64B
Current Price
$22.52
High / Low (52W)
$22.83 / $15.28
Beta
2.11
Valuation
Stock P/E
-
Industry PE
26.58
Forward P/E
750.67
PEG Ratio
4.80
Book Value
$9.35
Price to Book
2.41
P/S
6.48
EV/EBITDA
19.96
Dividend Yield
3.02%
Profitability & Returns
ROCE
1.05%
ROE
-7.11%
ROA
1.37%
Profit Margin
-17.90%
Op Margin
9.12%
EPS (Latest Qtr)
$-0.14
EPS (TTM)
$-0.72
Balance Sheet & Liquidity
Debt/Equity
1.99
Quick Ratio
0.28
Current Ratio
0.36
Debt
$5.00B
Total Assets
$8.37B
Current Assets
$521.13M
Working Capital
$-184.56M
Ownership
Promoter Holding
0.33%
Chg in Prom Hold
-
FII / Inst Holding
96.75%
Chg in FII Hold
-0.00%
Financial Snapshot
Enterprise Value
$10.78B
Total Revenue (TTM)
$1.02B
EBITDA
$539.88M
Free Cash Flow
$403.52M
Operating Cash Flow
$310.49M
Shares Outstanding
283.46M
Gross Margin
55.10%
Payout Ratio
188.89%
Growth (CAGR)
Revenue 5Y
5.68%
Profit 5Y
-66.13%
Revenue (YoY)
-6.70%
Earnings (YoY)
-
PROS
- Attractive dividend yield of 3.02%.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Earnings shrank at -66.1% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Real Estate).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MAC The Macerich Company R2K | 22.52 | - | $6.64B | 3.02% | 1.05% | -7.11% | 5.68% | -66.13% |
| 2 | WELL Welltower Inc. SPX | 205.33 | 99.19 | $144.95B | 1.44% | 0.26% | 3.67% | 22.69% | 87.90% |
| 3 | PLD Prologis, Inc. SPX | 143.47 | 36.14 | $133.76B | 2.98% | 4.94% | 6.84% | 13.74% | -0.36% |
| 4 | EQIX Equinix, Inc. SPX | 1,068.04 | 74.07 | $105.33B | 1.84% | 5.61% | 10.06% | 8.27% | 24.18% |
| 5 | AMT American Tower Corporation SPX | 186.96 | 30.11 | $87.10B | 3.73% | 7.82% | 29.95% | 3.34% | 12.73% |
| 6 | SPG Simon Property Group, Inc. SPX | 204.91 | 14.25 | $77.86B | 4.29% | 17.44% | 113.59% | 6.35% | 29.32% |
| 7 | DLR Digital Realty Trust, Inc. SPX | 190.00 | 50.53 | $67.96B | 2.57% | 3.99% | 5.69% | 9.22% | 51.32% |
| 8 | O Realty Income Corporation SPX | 61.28 | 50.23 | $57.14B | 5.30% | 3.27% | 2.83% | 19.80% | 6.78% |
| 9 | PSA Public Storage SPX | 303.69 | 31.34 | $53.31B | 3.95% | 10.69% | 20.18% | 4.88% | -25.69% |
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Quarterly Results
Figures in USD.
| Metric | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 326.26M | 320.76M | 256.00M | 259.90M | 253.37M | 272.00M | 247.04M | 247.42M | 242.45M | 256.74M | 236.73M | 234.54M | 242.20M | 246.87M | 226.52M | 227.97M | 231.13M | 241.84M | 226.95M | 178.59M | 185.84M | 194.64M | 190.42M | 215.47M | 212.14M | 216.14M | 204.09M | 210.70M | 214.85M | 212.37M | 218.15M | 208.78M | 215.52M | - | - | 249.22M | 249.79M | 253.26M | 261.70M | 241.54M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 117.17M | 112.34M | 110.56M | 117.53M | 119.44M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 132.06M | 137.45M | 142.70M | 144.17M | 122.09M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 100.17M | 96.30M | 97.83M | 94.32M | 91.10M |
| Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 31.89M | 41.15M | 44.87M | 49.85M | 30.99M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 112.32M | 121.39M | 138.86M | 50.08M | 113.98M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 69.07M | 71.92M | - | - | 67.50M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -51.98M | -41.73M | -90.70M | -18.84M | -39.53M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -822.00K | -188.00K | -710.00K | -473.00K | -2.64M |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -22.19M | - | -63.60M | -11.77M | 106.70M | -37.18M | -15.38M | -15.19M | -58.73M | -14.96M | -262.55M | -126.73M | 252.01M | - | - | -50.12M | -40.91M | -87.36M | -18.76M | -36.35M |
| Diluted EPS | 0.21 | 2.65 | 2.76 | 0.31 | 0.09 | 0.26 | 0.48 | 0.19 | 0.12 | 0.23 | -0.24 | 0.05 | 0.52 | 0.08 | 0.05 | 0.11 | 0.33 | 0.19 | 0.05 | -0.18 | -0.15 | -1.27 | -0.40 | -0.06 | 0.50 | -0.17 | -0.07 | -0.07 | -0.27 | -0.07 | -1.22 | -0.59 | 1.16 | - | - | -0.20 | -0.16 | -0.34 | -0.07 | -0.14 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 880.87M | 793.05M | 711.56M | 684.74M | 797.52M | 1.03B | 1.11B | 1.29B | 1.04B | 993.66M | 960.35M | 927.46M | 786.03M | - | 859.16M | 884.07M | 918.20M | 1.01B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 390.35M | 394.89M | 430.27M | 457.60M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 468.81M | 489.18M | 487.94M | 556.38M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 318.78M | 311.60M | 322.93M | 388.62M |
| Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 150.03M | 177.58M | 165.01M | 167.76M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 454.96M | 190.72M | 326.90M | 448.39M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 216.85M | 172.92M | 219.99M | 283.54M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -64.37M | -278.59M | -198.97M | -203.25M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 705.00K | -494.00K | -1.30M | -2.19M |
| Net Income | 166.05M | 120.74M | 25.19M | - | - | - | - | - | - | - | - | 96.82M | -230.20M | - | -66.07M | -274.06M | -194.12M | -197.15M |
| Diluted EPS | 2.17 | 1.45 | 0.19 | 1.18 | 2.51 | 3.00 | 10.45 | 3.08 | 3.52 | 1.02 | 0.42 | 0.68 | -1.58 | - | -0.31 | -1.28 | -0.88 | -0.78 |
Compounded Sales Growth
| 5 Years: | 5.68% |
| 1 Year: | -6.70% |
Compounded Profit Growth
| 5 Years: | -66.13% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +44.58% |
| 6 Months: | +34.83% |
| 3 Months: | +11.02% |
| 1 Month: | +3.21% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 7.25B | 7.65B | 7.94B | 9.31B | 9.08B | 13.12B | 11.24B | 9.96B | 9.61B | 9.03B | 8.85B | 9.18B | - | 8.09B | 7.51B | 8.57B | 8.37B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 368.03M | 378.53M | 334.67M | 521.13M |
| Cash & Equivalents | 85.27M | 66.53M | 93.25M | 445.64M | 67.25M | 65.79M | 69.72M | 84.91M | 86.51M | 94.05M | 91.04M | 102.71M | 100.00M | 465.30M | - | 100.32M | 94.94M | 89.86M | 280.25M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 183.59M | 183.48M | 155.35M | 145.72M |
| Total Liabilities | - | - | 5.10B | 4.45B | 4.77B | 5.89B | 5.36B | 7.08B | 6.16B | 5.53B | 5.64B | 5.84B | 6.02B | 6.74B | - | 5.14B | 4.99B | 5.72B | 5.84B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 502.94M | 573.72M | 660.08M | 705.69M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.56B | - | 4.40B | 4.23B | 4.99B | 5.07B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.50B | 4.31B | 5.06B | 5.14B |
| Total Equity | - | - | 1.86B | 2.89B | 2.81B | 3.08B | 3.36B | 5.64B | 4.72B | 4.11B | 3.68B | 2.95B | 2.63B | 2.26B | - | 2.87B | 2.45B | 2.76B | 2.45B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 215.24M | 215.98M | 252.93M | 256.99M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 251.95M | 120.89M | 200.44M | 237.28M | 351.30M | 422.04M | 400.71M | 554.96M | 429.53M | 386.39M | 344.31M | 355.16M | 124.84M | - | 337.51M | 295.50M | 283.44M | 321.60M |
| Investing Cash Flow | -558.96M | 302.36M | -142.17M | -212.09M | -963.37M | 271.87M | -255.79M | -101.02M | 454.07M | 178.99M | 176.32M | -112.03M | -202.85M | - | -1.40M | 52.54M | 19.79M | -325.34M |
| Financing Cash Flow | 288.26M | -396.52M | 294.13M | -403.60M | 610.62M | -689.98M | -129.72M | -452.33M | -867.50M | -566.27M | -514.44M | -278.22M | 446.45M | - | -321.94M | -338.89M | -316.05M | 199.22M |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 337.51M | 295.50M | 283.44M | 321.60M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 14.17M | 9.15M | -12.81M | 195.48M |
| Share Buybacks | - | - | - | - | - | 0 | 0 | 400.14M | 800.02M | 221.43M | 0 | 0 | - | - | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 54.6% | 55.3% | 53.1% | 54.9% |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 17.5% | 20.1% | 18.0% | 16.5% |
| Net Margin % | 18.9% | 15.2% | 3.5% | - | - | - | - | - | - | - | - | 10.4% | -29.3% | - | -7.7% | -31.0% | -21.1% | -19.4% |
| ROE % | - | 6.5% | 0.9% | - | - | - | - | - | - | - | - | 3.7% | -10.2% | - | -2.3% | -11.2% | -7.0% | -8.1% |
| ROCE % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.0% | 2.6% | 2.1% | 2.2% |
Shareholding Pattern
Insiders
0.33%
Institutions
96.75%
Public Float
97.07%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 17.70% | 46.26M | $1.04B |
| 2 | Vanguard Portfolio Management LLC | 9.78% | 25.57M | $575.74M |
| 3 | FMR, LLC | 9.20% | 24.05M | $541.55M |
| 4 | State Street Corporation | 5.65% | 14.78M | $332.87M |
| 5 | Smead Capital Management, Inc. | 4.65% | 12.16M | $273.74M |
| 6 | Vanguard Capital Management LLC | 4.39% | 11.47M | $258.36M |
| 7 | JPMORGAN CHASE & CO | 3.02% | 7.90M | $178.01M |
| 8 | CenterSquare Investment Management LLC | 2.78% | 7.27M | $163.82M |
| 9 | T. Rowe Price Investment Management, Inc. | 2.63% | 6.88M | $154.95M |
| 10 | Geode Capital Management, LLC | 2.62% | 6.86M | $154.38M |
Analyst View
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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