Macerich Company (The) (MAC) vs Realty Income Corporation (O)

Macerich Company (The) and Realty Income Corporation are both Reit Retail companies. Realty Income Corporation is the larger, with a market value of $56.6B against $7.4B — 7.7× the size. Macerich Company (The) has negative trailing earnings, so its P/E is not meaningful; Realty Income Corporation trades at 40.2×. Realty Income Corporation grew revenue faster over the last twelve months: 10.8% against −1.26%. Realty Income Corporation has the higher net margin (21.9% vs −9.76%) and the higher return on invested capital (1.16% vs 0.00%). Both pay a dividend; Realty Income Corporation yields more (5.47% vs 2.71%). Across the 21 metrics below, Realty Income Corporation leads on 15 and Macerich Company (The) on 6.

Valuation

Metric MAC O Reit Retail median
P/E n/m 40.19 24.06
P/S 7.02 9.03 7.25
P/B 2.54 1.32 1.77
Price to free cash flow n/m n/m 17.80
EV/EBITDA 20.09 20.87 15.96
EV/Sales 11.20 13.22 10.99
Earnings yield (1.48%) 2.49% 4.16%
Free cash flow yield (1.46%) (3.51%) 3.05%

Profitability

Metric MAC O Reit Retail median
Gross margin 0.00% 92.59% 71.84%
Operating margin 0.00% 20.48% 36.94%
Net margin (9.76%) 21.85% 29.40%
Free cash flow margin 30.00% (31.73%) 21.18%
Return on equity (3.68%) 3.31% 7.18%
Return on assets (1.15%) 1.82% 3.65%
Return on invested capital 0.00% 1.16% 3.22%

Growth

Metric MAC O Reit Retail median
Revenue growth (TTM) (1.26%) 10.79% 8.64%
EPS growth (last fiscal year) 11.36% 19.39% 16.00%
Revenue growth, 5-year CAGR 5.22% 28.40% 8.62%
Net income growth, 5-year CAGR 0.00% 21.76% 1.85%

Health

Metric MAC O Reit Retail median
Debt to equity 0.00 0.74 0.88
Current ratio 0.00 6.04 1.24
Net debt to EBITDA 8.03 7.98 5.40

Dividend

Metric MAC O Reit Retail median
Dividend yield 2.71% 5.47% 4.14%
Payout ratio — 2.20 1.07

Size

Metric MAC O Reit Retail median
Market cap 7.37b 56.58b 4.04b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack