Macerich Company (The) MAC

22.64 0.00 0.00% as of 25 Sep
Market cap
$6.7B
P/E
0.0×
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 0.06
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — 1
Insider Ownership 0.00%

Capital & Financial Ratios

Market Cap 6,680.00
Revenue 1,006.21
Net Income (172.11)
Free Cash Flow (101.07)
Net Debt 4,537.13
Current Ratio 0.88
Debt/Equity 1.67
P/E ratio 0.00
P/S ratio 6.16
P/B ratio 2.13
Past 5Y EPS Growth —
This Y EPS Growth 80.35%
Next Y EPS Growth 187.55%
Next 5Y EPS Growth 56.41%
in millions of $

Dividends

Payout Ratio 2.50
Annual Dividend Rate 0.68
Annual Dividend Yield 4.07%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.68
0.17
0.17
0.17
2025 0.68
0.17
0.17
0.17
0.17
2024 0.68
0.17
0.17
0.17
0.17
2023 0.68
0.17
0.17
0.17
0.17
2022 0.62
0.15
0.15
0.15
0.17
2021 0.60
0.15
0.15
0.15
0.15
2020 1.15
0.75
0.10
0.15
0.15
2019 3.00
0.75
0.75
0.75
0.75
2018 2.97
0.74
0.74
0.74
0.75
2017 2.87
0.71
0.71
0.71
0.74
2016 2.75
0.68
0.68
0.68
0.71
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 190 177 373 311
Receivables 188 157 148 132
Inventory — — — —
Other — — — —
379 335 521 443
2023 2024 2025 Q'26
Payables 64 88 125 132
ST’ Debt — — — —
Other — — — —
399 467 511 506
in millions of $

Compound Annual Growth

10y 5y 3y
Sales (2.36%) 5.22% 5.68%
Cash Flow (5.31%) 20.84% (1.60%)
Earnings 0.00% 0.00% 0.00%
Book Value (6.73%) 0.66% (5.02%)

Revenue

Mar Jun Sep Dec Year
’26 242 250 — — —
’25 249 250 253 262 1,014
’24 209 216 220 274 918
’23 215 212 218 239 884
’22 216 204 211 228 859
’21 190 215 212 229 847
’20 227 179 186 195 786
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 77 67 — — —
’25 88 71 112 50 322
’24 61 67 100 55 283
’23 81 58 107 49 296
’22 65 50 170 53 338
’21 52 61 99 75 286
’20 50 (65) 81 60 125
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 22 (265) — — —
’25 73 (168) 113 28 47
’24 27 (1) 162 39 227
’23 51 1 81 (2) 132
’22 71 36 141 20 269
’21 129 82 243 62 516
’20 21 (88) 84 56 73
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.14) (0.10) — — —
’25 (0.20) (0.16) (0.34) (0.07) (0.78)
’24 (0.56) 1.16 (0.50) (0.89) (0.88)
’23 (0.27) (0.07) (1.22) 0.29 (1.28)
’22 (0.17) (0.07) (0.07) 0.01 (0.31)
’21 (0.40) (0.05) 0.50 (0.08) 0.07
’20 0.05 (0.18) (0.15) (1.19) (1.47)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
66.00 52.12 40.90 25.53 4.81 10.31 7.40 8.77 12.99 12.48

Analyst estimates 2026–2028

Powerpack
Low Price
94.51 73.34 69.73 47.05 26.98 25.99 19.18 16.54 22.27 21.12
High Price
851 855 718 737 670 640 651 655 616 598
Employees
1 1 1 1 1 1 1 1 1 2
Revenue/Emp
1,041 994 960 927 786 847 859 884 918 1,014
Revenue
61.01% 60.22% 60.33% 60.33% 55.73% 55.05% 54.57% 55.33% 53.14% 54.87%
Gross Margin
556 177 97 116 (14) (53) (72) (144) (238) (80)
EBT
53.35% 17.84% 10.12% 12.51% (1.84%) (6.21%) (8.39%) (16.30%) (25.91%) (7.87%)
EBT Margin
555 162 69 103 (245) 16 (65) (278) (198) (201)
Net Income
372 369 361 349 339 339 320 310 331 417
Depreciation
7.10 7.00 6.80 6.56 5.38 4.28 4.00 4.10 4.14 3.99
Revenue/Sh
3.52 1.02 0.42 0.68 (1.57) 0.07 (0.31) (1.28) (0.88) (0.78)
Earnings/Sh
2.93 2.72 2.44 2.51 0.85 1.45 1.57 1.37 1.28 1.27
Cash Flow/Sh
3.17 0.37 (1.07) (1.29) (0.35) 1.16 (0.32) (0.76) (0.25) (1.08)
Capex/Sh
6.10 3.10 1.37 1.22 0.50 2.60 1.25 0.61 1.02 0.18
Free CF/Sh
30.20 27.97 22.59 20.03 16.72 16.04 13.72 11.73 12.81 9.94
Book Value/Sh
147 142 141 141 146 198 215 216 222 254
Shares
20.69 65.30 105.56 39.59 0.00 0.00 0.00 0.00 0.00 0.00
PE Ratio
9.99 9.51 6.36 4.10 1.99 4.04 2.80 3.79 4.81 4.63
PS Ratio
2.35 2.38 1.92 1.34 0.64 1.08 0.82 1.33 1.55 1.86
PB Ratio
14.62 14.57 11.39 9.89 9.05 9.33 7.71 8.47 10.06 9.26
EV/Sales
17.03 32.94 56.71 53.10 96.91 15.33 24.67 56.81 40.66 200.34
EV/FCF
430 386 344 355 125 286 338 296 283 322
Op' Cash Flow
465 53 (151) (182) (51) 229 (69) (164) (56) (275)
Capex
894 440 193 173 73 516 269 132 227 47
FCF
(78) (46) (4) (52) 356 65 (14) (20) (133) 10
Working Cap'
4,966 5,170 4,982 5,484 6,038 4,647 4,404 4,328 4,993 5,069
Total Debt
4,822 5,027 4,833 5,370 5,556 4,480 4,223 4,138 4,815 4,696
Net Debt
4,427 3,968 3,188 2,831 2,445 3,176 2,949 2,528 2,842 2,527
Sh' Equity
4.88% 1.49% 0.63% 1.08% (2.55%) 0.16% (0.80%) (3.51%) (2.41%) (2.33%)
ROA
1.75% 1.63% 1.62% 1.57% 0.69% 1.02% 1.31% 1.67% 1.35% 1.45%
ROIC
10.89% 3.48% 1.65% 3.22% (8.73%) 0.51% (2.16%) (10.01%) (7.23%) (7.34%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Macerich Company (The) (MAC) key facts

  • Macerich Company (The) (MAC) is a Reit Retail company in the Real Estate sector, listed on the New York Stock Exchange.
  • Macerich Company (The)’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 10.4% from fiscal 2024.
  • As of September 25, 2026, MAC traded at $22.64, a market capitalization of $6.7 billion.
  • Macerich Company (The) pays an annual dividend of $0.68 per share, a yield of 4.07%.
  • Return on equity was −7.34% and debt-to-equity 1.67.

Source: company filings (standardised) and stockrow calculations.

Macerich Company (The) (MAC) Latest News

News by impact score

Fine-tune

17 Sep

3

Macerich CEO reports consumers continue spending while remaining selective in purchases. CEO remarks on consumer spending patterns directly affect near-term expectations for retail property revenues and leasing demand.

3

Macerich (MAC) reported strong execution in Q2 that bolstered its operational results and market position. Positive Q2 execution supports near-term financial performance and investor sentiment without indicating transformative shifts.

14 Sep

3

Macerich Co analyzes its dividend payouts, sustainability metrics, and potential adjustments amid current financial conditions. Dividend analysis directly shapes investor expectations for Macerich's cash returns and stock valuation.

12 Aug

3 transcript

Macerich (MAC) held its Q2 2026 earnings call, covering quarterly financial results, operational updates, and forward guidance for the REIT. Quarterly earnings calls deliver performance data that can shift near-term investor views and trading activity for MAC.

7 Aug

3

Macerich prices upsized offering of $675 million exchangeable senior notes due 2031. Notes issuance supplies Macerich substantial long-term capital while adding fixed debt obligations through 2031.

5 Aug

4 transcript

Macerich Co posted record sales in its Q2 2026 earnings call while advancing strategic initiatives amid ongoing market conditions. Record sales and strategic progress signal major financial and operational gains that can shift company trajectory and investor views.

3

Macerich beat Q2 FFO and revenue estimates on strong portfolio NOI. Q2 earnings beat signals solid operational results with moderate short-term effects on performance and sentiment.

3 transcript

Macerich Company conducted its Q2 2026 earnings call covering financial results, operational updates and forward guidance. Earnings call releases quarterly metrics and outlook that can shift near-term investor views on MAC.

3 transcript

Macerich Q2 earnings call covered financial results, operational updates and outlook for the retail property owner. Quarterly earnings updates typically produce moderate short-term moves in stock price and sentiment.

4 Aug

3

Macerich reported Q2 earnings with key financial metrics compared against Wall Street estimates. Q2 earnings metrics can moderately influence near-term stock sentiment and valuation views.

3

Macerich (MAC) beat Q2 FFO and revenue estimates. Earnings beat signals moderate positive effect on near-term stock sentiment without altering core trajectory.

3

Macerich Company reported second quarter 2026 earnings results. Quarterly earnings results deliver financial metrics that influence near-term stock valuation and sentiment.

16 Jun

3

Redevelopment projects and rising tenant demand are positioned to drive Macerich growth as the company advances property upgrades and leasing activity. Redevelopment work and demand trends point to moderate effects on leasing, revenue and competitive positioning without immediate transformative scale.

3

MAC stock faces a key test as Macerich's leasing pipeline drives future NOI growth. Leasing pipeline progress points to moderate influence on Macerich NOI growth and stock performance.

15 Jun

3

Macerich prices public offering of common stock to raise capital through new share issuance. Equity offering alters capital structure and share count with direct effects on future financials and stock performance.

3

Macerich commences public offering of common stock to raise capital. Equity offering raises fresh capital but dilutes shares and may pressure stock price.

3

Macerich (MAC) stock is evaluated near fair value amid upcoming risks that could affect investor decisions. Valuation analysis with noted risks can moderately shift near-term investor sentiment toward MAC shares.

2 Jun

3

Macerich updates on Path Forward strategy and issues 2028 outlook. Long-term strategy update and 2028 outlook provide moderate guidance affecting future performance expectations.

11 May

4

Macerich priced an upsized public offering of common stock, increasing the size from initial plans to raise additional capital. Upsized stock offering injects substantial capital for operations but dilutes shareholder equity, significantly impacting financial position and market perception.

4

Macerich Company announces the commencement of a public offering of its common stock. Public offering of common stock enables capital raising for strategic needs but introduces dilution, significantly affecting financial position and stock performance.

4

Macerich's Q1 earnings call highlights key financial results, portfolio performance, leasing activity, and forward guidance amid retail sector challenges. Q1 earnings highlights disclose financial metrics and strategic insights directly affecting MAC's valuation and investor outlook.

7 May

4

Macerich's Q1 FFOA and revenues beat estimates due to improved leasing progress. Q1 FFOA and revenue beats demonstrate strong financial performance and operational leasing gains that could significantly boost investor sentiment and stock trajectory.

4

Macerich Company released Q1 2026 earnings call summary covering financial performance, operational updates, and forward guidance. Q1 2026 earnings call summary provides critical financial results and outlook directly influencing MAC's market performance and investor sentiment.

6 May

4

Macerich (MAC) Q1 FFO and revenues beat estimates. Q1 FFO and revenue beats indicate strong financial performance, likely enhancing investor sentiment and stock trajectory.

4

Macerich (MAC) reported Q1 earnings, with key metrics indicating performance in revenue, funds from operations, occupancy rates, and leasing activity amid retail sector challenges. Q1 earnings reports with key metrics analysis typically drive significant stock price movements and shape investor expectations for Macerich's future performance.

4

Macerich acquires Annapolis Mall for $272 million. Acquiring Annapolis Mall for $272 million expands Macerich's portfolio and enhances its retail real estate holdings.

4

Macerich Company (MAC) reported first quarter 2026 earnings results. Quarterly earnings reports reveal financial performance metrics that significantly influence stock price and investor outlook.

26 Feb

4

Macerich closed an amended and restated $900 million revolving credit facility, enhancing its liquidity and financial flexibility for operations and potential investments. Closing a $900 million amended revolving credit facility bolsters Macerich's liquidity, reduces refinancing risk, and supports strategic growth amid retail real estate challenges.

24 Feb

4 transcript

Macerich (MAC) Q4 2025 earnings call transcript covers quarterly financial results, operational updates, and management's outlook for the real estate investment trust. Q4 earnings transcript discloses financial performance, guidance, and strategy, significantly influencing stock price and investor sentiment.

23 Feb

3

Macerich (MAC) reported higher 2025 revenue but ongoing losses, prompting questions on whether its turnaround story remains intact. Higher revenue amid persistent losses moderately influences financial performance and investor sentiment on turnaround progress.

stockrow.com/MAC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com