Macerich Company (The) MAC
- Market cap
- $6.7B
- P/E
- 0.0×
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Target Price Range
Analyst price targets
Free account| 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
|
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| 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
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|||
| 61.01% | 60.22% | 60.33% | 60.33% | 55.73% | 55.05% | 54.57% | 55.33% | 53.14% | 54.87% |
Gross Margin
|
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| 556 | 177 | 97 | 116 | (14) | (53) | (72) | (144) | (238) | (80) |
EBT
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| 53.35% | 17.84% | 10.12% | 12.51% | (1.84%) | (6.21%) | (8.39%) | (16.30%) | (25.91%) | (7.87%) |
EBT Margin
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| 555 | 162 | 69 | 103 | (245) | 16 | (65) | (278) | (198) | (201) |
Net Income
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| 372 | 369 | 361 | 349 | 339 | 339 | 320 | 310 | 331 | 417 |
Depreciation
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| 7.10 | 7.00 | 6.80 | 6.56 | 5.38 | 4.28 | 4.00 | 4.10 | 4.14 | 3.99 |
Revenue/Sh
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| 3.52 | 1.02 | 0.42 | 0.68 | (1.57) | 0.07 | (0.31) | (1.28) | (0.88) | (0.78) |
Earnings/Sh
|
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| 2.93 | 2.72 | 2.44 | 2.51 | 0.85 | 1.45 | 1.57 | 1.37 | 1.28 | 1.27 |
Cash Flow/Sh
|
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| 3.17 | 0.37 | (1.07) | (1.29) | (0.35) | 1.16 | (0.32) | (0.76) | (0.25) | (1.08) |
Capex/Sh
|
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| 6.10 | 3.10 | 1.37 | 1.22 | 0.50 | 2.60 | 1.25 | 0.61 | 1.02 | 0.18 |
Free CF/Sh
|
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| 30.20 | 27.97 | 22.59 | 20.03 | 16.72 | 16.04 | 13.72 | 11.73 | 12.81 | 9.94 |
Book Value/Sh
|
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| 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
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| 9.99 | 9.51 | 6.36 | 4.10 | 1.99 | 4.04 | 2.80 | 3.79 | 4.81 | 4.63 |
PS Ratio
|
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| 2.35 | 2.38 | 1.92 | 1.34 | 0.64 | 1.08 | 0.82 | 1.33 | 1.55 | 1.86 |
PB Ratio
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| 14.62 | 14.57 | 11.39 | 9.89 | 9.05 | 9.33 | 7.71 | 8.47 | 10.06 | 9.26 |
EV/Sales
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| 17.03 | 32.94 | 56.71 | 53.10 | 96.91 | 15.33 | 24.67 | 56.81 | 40.66 | 200.34 |
EV/FCF
|
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| 430 | 386 | 344 | 355 | 125 | 286 | 338 | 296 | 283 | 322 |
Op' Cash Flow
|
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| 465 | 53 | (151) | (182) | (51) | 229 | (69) | (164) | (56) | (275) |
Capex
|
|||
| 894 | 440 | 193 | 173 | 73 | 516 | 269 | 132 | 227 | 47 |
FCF
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| (78) | (46) | (4) | (52) | 356 | 65 | (14) | (20) | (133) | 10 |
Working Cap'
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| 4,966 | 5,170 | 4,982 | 5,484 | 6,038 | 4,647 | 4,404 | 4,328 | 4,993 | 5,069 |
Total Debt
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| 4,822 | 5,027 | 4,833 | 5,370 | 5,556 | 4,480 | 4,223 | 4,138 | 4,815 | 4,696 |
Net Debt
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| 4,427 | 3,968 | 3,188 | 2,831 | 2,445 | 3,176 | 2,949 | 2,528 | 2,842 | 2,527 |
Sh' Equity
|
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| 4.88% | 1.49% | 0.63% | 1.08% | (2.55%) | 0.16% | (0.80%) | (3.51%) | (2.41%) | (2.33%) |
ROA
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| 1.75% | 1.63% | 1.62% | 1.57% | 0.69% | 1.02% | 1.31% | 1.67% | 1.35% | 1.45% |
ROIC
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| 10.89% | 3.48% | 1.65% | 3.22% | (8.73%) | 0.51% | (2.16%) | (10.01%) | (7.23%) | (7.34%) |
ROE
|
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Macerich Company (The) peers in Reit Retail
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| EPRT Essential Properties Realty Trust, Inc. | $5.8B | 20.6× | Compare |
| NNN NNN REIT, Inc. | $8.0B | 20.2× | Compare |
| ADC Agree Realty Corporation | $8.4B | 36.3× | Compare |
| BRX Brixmor Property Group Inc. | $8.5B | 19.8× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| PECO Phillips Edison & Company, Inc. | $5.2B | 32.5× | Compare |
| KRG Kite Realty Group Trust | $5.0B | 15.2× | Compare |
| FRT Federal Realty Investment Trust | $9.7B | 22.2× | Compare |
| SKT Tanger Inc. | $4.0B | 31.3× | Compare |
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.
Macerich Company (The) (MAC) Latest News
17 Sep
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.
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
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
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
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
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.
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.
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.
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
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.
Macerich (MAC) beat Q2 FFO and revenue estimates. Earnings beat signals moderate positive effect on near-term stock sentiment without altering core trajectory.
Macerich Company reported second quarter 2026 earnings results. Quarterly earnings results deliver financial metrics that influence near-term stock valuation and sentiment.
16 Jun
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.
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
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.
Macerich commences public offering of common stock to raise capital. Equity offering raises fresh capital but dilutes shares and may pressure stock price.
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
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
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.
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.
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
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.
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
Macerich (MAC) Q1 FFO and revenues beat estimates. Q1 FFO and revenue beats indicate strong financial performance, likely enhancing investor sentiment and stock trajectory.
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.
Macerich acquires Annapolis Mall for $272 million. Acquiring Annapolis Mall for $272 million expands Macerich's portfolio and enhances its retail real estate holdings.
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
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
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
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.