YOLFTbeta
Macerich Company

Macerich Company

MAC · NYSE · Real Estate / REIT - Retail

25.07USD-0.21 (-0.83%)

Price History

Full chart

Market Stats

Previous Close25.28
Open25.31
Day Range25.01 – 25.48
52-Week Range15.52 – 26.48
Volume3.13M
Market Cap6.68B
P/E (TTM)0.00
Forward P/E1428.57
EPS-0.66
Dividend Yield3.00%
Beta2.06
50-Day Avg24.25
200-Day Avg21.63

About

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 40 million square feet of real estate, consisting primarily of interests in 38 retail centers. The Macerich Company was incorporated in 1964 in Maryland and is based in Santa Monica, California.

Company Details

  • SectorReal Estate
  • IndustryREIT - Retail
  • CEOMr. Jackson Hsieh
  • Employees596
  • Headquarters401 Wilshire Boulevard, Santa Monica, CA, United States, 90401-1452, USA
  • Websitehttps://www.macerich.com

Leadership

  • Mr. Jackson HsiehPresident, CEO & Director · b. 1961
  • Mr. Daniel E. Swanstrom IICFO, Treasurer & Senior EVP · b. 1977
  • Ms. Ann C. Menard J.D.Senior EVP, Chief Legal & Administrative Officer and Secretary · b. 1965
  • Mr. Douglas J. HealeySenior EVP & Head of Leasing · b. 1964
  • Ms. Andrea Mary Stephen C.A., CPAIndependent Director · b. 1964
  • Mr. David KeaneExecutive Vice President of Investments
  • Mr. Christopher J. ZecchiniSenior VP & Chief Accounting Officer · b. 1964
  • Mr. Tom BirdsallSenior Vice President of Information Technology
  • Alexandra JohnstoneVice President of Finance & Investor Relations
  • Mr. Kurt IveySenior Vice President of Marketing

Financials

Income Statement

Currency: USD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue74.50M105.70M155.06M221.21M283.86M327.44M320.09M334.57M378.92M486.00M547.27M767.38M829.66M896.37M880.87M805.65M758.56M791.25M881.32M1.03B1.11B1.29B1.04B993.66M960.35M927.46M786.03M847.44M859.16M884.07M918.20M1.02B
Growth (%)-+41.88%+46.70%+42.66%+28.32%+15.35%-2.25%+4.52%+13.26%+28.26%+12.61%+40.22%+8.11%+8.04%-1.73%-8.54%-5.85%+4.31%+11.38%+16.81%+7.36%+16.55%-19.17%-4.57%-3.35%-3.42%-15.25%+7.81%+1.38%+2.90%+3.86%+10.58%
Cost of Revenue------168.83M183.59M216.43M291.10M38.30M52.84M13.85M330.49M358.69M337.48M336.29M342.40M366.14M423.26M441.93M472.15M405.95M395.31M381.00M367.95M347.98M380.88M390.35M394.89M430.27M627.83M
Gross Profit74.50M105.70M155.06M221.21M283.86M327.44M320.09M334.57M378.92M486.00M508.97M714.55M815.80M565.88M522.19M468.18M422.27M448.85M515.18M606.22M663.32M815.99M635.33M598.35M579.35M559.51M438.05M466.55M468.81M489.18M487.94M387.47M
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%93.00%93.11%98.33%63.13%59.28%58.11%55.67%56.73%58.46%58.89%60.02%63.35%61.01%60.22%60.33%60.33%55.73%55.05%54.57%55.33%53.14%38.16%
Operating Expense-41.40M-57.30M53.17M115.19M147.50M167.20M168.83M86.54M246.79M321.17M343.83M484.72M542.75M311.16M286.46M288.00M267.51M286.44M322.96M384.94M408.13M494.34M376.70M363.67M270.78M353.36M349.96M341.19M318.78M311.60M322.93M219.71M
Operating Income115.90M163.00M101.89M106.02M136.36M160.25M151.26M248.03M132.13M164.84M165.14M229.83M273.05M254.71M235.73M180.18M154.75M162.40M192.22M221.28M255.19M321.65M258.62M234.68M308.56M206.15M88.09M125.37M150.03M177.58M165.01M167.76M
Operating Margin155.57%154.21%65.71%47.93%48.04%48.94%47.26%74.13%34.87%33.92%30.18%29.95%32.91%28.42%26.76%22.36%20.40%20.52%21.81%21.49%23.09%24.97%24.84%23.62%32.13%22.23%11.21%14.79%17.46%20.09%17.97%16.52%
EBITDA135.10M189.30M101.89M147.55M189.50M221.63M478.52M310.63M209.90M260.72M331.73M438.76M484.22M596.98M228.57M724.17M415.00M445.05M514.94M756.26M1.99B987.38M1.07B570.11M583.01M580.06M155.70M540.19M454.96M190.72M326.90M404.93M
EBITDA Margin181.34%179.09%65.71%66.70%66.76%67.68%149.50%92.84%55.39%53.65%60.61%57.18%58.36%66.60%25.95%89.89%54.71%56.25%58.43%73.46%179.66%76.65%102.54%57.37%60.71%62.54%19.81%63.74%52.95%21.57%35.60%39.88%
Net Income8.60M11.30M18.91M22.05M44.08M129.01M56.93M77.72M81.38M128.03M91.63M71.69M252.36M85.81M166.05M120.74M25.19M156.87M337.43M420.09M1.50B486.07M517.00M145.37M60.02M96.82M-230.20M14.26M-66.07M-274.06M-194.12M-197.15M
Net Income Margin11.54%10.69%12.20%9.97%15.53%39.40%17.79%23.23%21.48%26.34%16.74%9.34%30.42%9.57%18.85%14.99%3.32%19.83%38.29%40.81%135.63%37.73%49.65%14.63%6.25%10.44%-29.29%1.68%-7.69%-31.00%-21.14%-19.42%
R&D----------------0000000.130.140.120.210.160.060.080.16--
R&D as % of Total Revenue----------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense0000000109.65M122.93M132.51M146.33M249.91M0250.13M295.07M267.05M198.04M167.25M164.39M197.25M190.69M211.94M163.68M171.78M182.96M138.25M75.55M192.68M216.85M172.92M219.99M216.34M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%32.77%32.44%27.27%26.74%32.57%0.00%27.90%33.50%33.15%26.11%21.14%18.65%19.16%17.25%16.45%15.72%17.29%19.05%14.91%9.61%22.74%25.24%19.56%23.96%21.31%

Balance Sheet

Currency: USD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets485.90M763.40M1.19B1.51B2.32B2.40B2.34B2.29B3.66B4.15B4.64B7.18B7.56B8.12B8.09B7.25B7.65B7.94B9.31B9.08B13.12B11.26B9.96B9.61B9.03B8.85B9.18B8.35B8.09B7.51B8.57B8.37B
Total Liabilities326.60M509.40M837.76M1.19B1.58B1.87B1.85B1.83B2.40B2.95B3.50B6.07B5.63B6.47B6.45B5.10B4.45B4.77B5.89B5.36B7.08B6.19B5.53B5.64B5.84B6.02B6.74B5.17B5.14B4.99B5.72B5.84B
Total Equity86.90M158.30M237.75M216.29M577.41M401.25M362.27M348.95M797.80M953.49M913.53M827.11M1.54B1.15B1.39B1.86B2.89B2.81B3.08B3.36B6.04B5.07B4.43B3.97B3.19B2.83B2.45B3.18B2.95B2.45B2.76B2.45B
Cash--15.64M25.15M25.14M40.45M36.27M26.47M53.56M47.16M72.11M155.11M269.44M85.27M66.53M93.25M445.64M67.25M65.79M69.72M84.91M86.51M94.05M91.04M102.71M100.00M465.30M112.45M100.32M94.94M89.86M43.01M
Total Debt313.60M485.20M789.67M1.12B1.51B1.56B1.55B1.52B2.29B2.68B3.23B5.42B4.99B5.76B5.94B1.49B934.94M4.21B5.26B4.58B6.29B10.54B5.19B5.22B5.74B5.54B8.14B5.34B5.15B4.31B5.06B5.20B
Net Debt313.60M485.20M774.03M1.10B1.48B1.52B1.51B1.50B2.24B2.64B3.16B5.27B4.72B5.68B5.87B1.40B489.29M4.14B5.20B4.51B6.21B5.20B4.87B5.08B4.88B14.20M5.66B4.50B4.40B4.21B4.97B5.16B

Cash Flow

Currency: USD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow30.30M44.90M80.43M78.48M85.18M139.58M121.22M140.51M163.18M215.75M194.38M235.30M211.85M326.07M251.95M120.89M200.44M237.28M351.30M422.04M400.71M540.38M417.51M386.39M344.31M355.16M124.84M286.37M337.51M295.50M283.44M321.60M
Investing Cash Flow-141.90M-85.20M-296.68M-215.01M-761.15M-247.69M1.70M-57.32M-875.03M-383.78M-489.82M-131.95M-126.74M-865.28M-558.96M302.36M-142.17M-212.09M-963.37M271.87M-255.79M-101.02M454.07M178.99M176.32M-112.03M-202.85M234.97M-1.40M52.54M19.79M-325.34M
Financing Cash Flow103.50M52.00M216.32M146.04M675.96M123.42M-127.10M-92.99M739.12M115.70M308.38M-20.35M29.21M355.05M288.26M-396.52M294.13M-403.60M610.62M-689.98M-129.72M-437.75M-853.08M-566.27M-514.44M-278.22M446.45M-837.02M-321.94M-338.89M-316.05M199.22M
Capital Expenditure116.30M75.70M286.26M215.26M527.66M217.12M50.45M68.15M548.79M355.67M529.81M171.84M822.90M1.04B554.06M197.48M185.79M247.01M1.28B726.60M267.36M364.42M259.48M202.15M237.23M199.81M68.30M108.21M94.79M152.50M167.65M333.34M
Free Cash Flow-86.00M-30.80M-205.83M-136.78M-442.49M-77.55M115.58M72.35M-324.15M-93.99M-335.43M63.45M-611.05M-717.73M-283.32M-76.59M14.65M-9.73M351.30M422.04M400.71M554.96M429.53M386.39M344.31M355.16M124.84M286.37M337.51M295.50M283.44M321.60M
Dividends Paid--56.62M65.84M89.55M132.40M116.88M120.83M124.74M153.44M178.46M217.56M293.53M270.71M284.87M95.67M239.93M296.95M365.66M355.51M385.73M810.61M779.31M443.84M453.63M474.53M179.86M143.45M186.33M159.29M161.29M188.21M
FCF to OCF-283.83%-68.60%-255.91%-174.30%-519.50%-55.56%95.35%51.49%-198.65%-43.56%-172.57%26.97%-288.44%-220.12%-112.45%-63.36%7.31%-4.10%100.00%100.00%100.00%102.70%102.88%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
Dividend Paid to FCF---27.51%-48.14%-20.24%-170.73%101.12%167.00%-38.48%-163.25%-53.20%342.87%-48.04%-37.72%-100.55%-124.90%1638.19%-3053.14%104.09%84.24%96.26%146.07%181.43%114.87%131.75%133.61%144.08%50.09%55.21%53.90%56.90%58.52%

Earnings

Report DateMar 31, 1998Jun 30, 1998Sep 30, 1998Dec 31, 1998Mar 31, 1999Jun 30, 1999Sep 30, 1999Dec 31, 1999Mar 31, 2000Aug 10, 2000Nov 9, 2000Feb 14, 2001May 14, 2001Aug 10, 2001Nov 13, 2001Feb 19, 2002May 13, 2002Aug 12, 2002Nov 13, 2002Feb 13, 2003May 13, 2003Aug 7, 2003Nov 4, 2003Feb 10, 2004May 7, 2004Aug 5, 2004Nov 5, 2004Feb 10, 2005May 2, 2005Aug 4, 2005Nov 8, 2005Feb 14, 2006May 9, 2006Aug 3, 2006Nov 3, 2006Feb 13, 2007May 4, 2007Aug 2, 2007Oct 31, 2007Feb 12, 2008May 8, 2008Aug 7, 2008Nov 4, 2008Feb 11, 2009May 5, 2009Aug 4, 2009Nov 5, 2009Feb 11, 2010May 4, 2010Aug 9, 2010Nov 4, 2010Feb 8, 2011May 5, 2011Jul 28, 2011Nov 1, 2011Feb 3, 2012May 2, 2012Aug 1, 2012Oct 31, 2012Feb 6, 2013May 1, 2013Aug 5, 2013Oct 28, 2013Feb 4, 2014Apr 29, 2014Jul 23, 2014Oct 28, 2014Feb 4, 2015Apr 29, 2015Jul 23, 2015Oct 27, 2015Feb 3, 2016May 3, 2016Aug 1, 2016Oct 27, 2016Feb 6, 2017Apr 27, 2017Aug 2, 2017Oct 30, 2017Feb 5, 2018May 2, 2018Aug 1, 2018Oct 31, 2018Feb 7, 2019May 2, 2019Aug 1, 2019Oct 31, 2019Feb 6, 2020May 11, 2020Aug 10, 2020Nov 5, 2020Feb 1, 2021May 10, 2021Aug 4, 2021Nov 3, 2021Feb 10, 2022May 9, 2022Jul 28, 2022Nov 3, 2022Feb 7, 2023May 4, 2023Aug 8, 2023Oct 31, 2023Feb 7, 2024Apr 30, 2024Jul 31, 2024Nov 6, 2024Feb 5, 2025May 12, 2025Aug 11, 2025Nov 4, 2025Feb 18, 2026May 6, 2026Aug 4, 2026Nov 3, 2026
EPS Estimate---------0.110.110.890.660.650.680.600.220.200.320.460.300.370.39-0.220.240.300.510.240.200.120.390.170.100.120.440.260.130.280.750.120.220.280.940.050.090.050.14-0.120.030.050.190.040.130.160.230.170.390.140.250.100.090.120.260.130.150.200.420.080.150.200.360.070.200.270.330.120.140.190.310.010.160.200.280.010.090.100.190.04-0.32-0.17-0.16-0.16-0.13-0.04-0.040.01-0.06-0.040.03-0.04-0.08-0.080.01-0.11-0.09-0.120.03-0.11-0.09-0.100.43-0.100.330.37
EPS Actual0.260.240.140.440.270.270.282.190.190.210.220.450.180.190.250.880.47-0.040.320.740.350.520.360.440.290.270.270.480.280.100.070.370.10-0.290.620.480.040.180.230.500.120.240.080.820.100.021.69-0.17-0.08-0.010.040.15-0.060.110.091.600.171.830.170.070.130.530.280.210.130.170.17-0.400.080.190.210.350.130.230.180.330.110.190.180.280.010.240.180.280.100.170.310.150.05-0.18-0.15-0.18-0.27-0.04-0.53-0.08-0.20-0.07-0.080.01-0.29-0.12-0.530.27-0.40-0.34-0.420.03-0.14-0.12-0.160.48-0.160.35-
Surprise---------90.91%100.00%-49.44%-72.73%-70.77%-63.24%46.67%113.64%-120.00%0.00%60.87%16.67%40.54%-7.69%-31.82%12.50%-10.00%-5.88%16.67%-50.00%-41.67%-5.13%-41.18%-390.00%416.67%9.09%-84.62%38.46%-17.86%-33.33%0.00%9.09%-71.43%-12.77%100.00%-77.78%3280.00%-221.43%33.33%-133.33%-20.00%-21.05%-250.00%-15.38%-43.75%595.65%0.00%369.23%21.43%-72.00%30.00%488.89%133.33%-19.23%0.00%13.33%-15.00%-195.24%0.00%26.67%5.00%-2.78%85.71%15.00%-33.33%0.00%-8.33%35.71%-5.26%-9.68%0.00%50.00%-10.00%0.00%900.00%88.89%210.00%-21.05%25.00%43.75%11.76%-12.50%-68.75%69.23%-1225.00%-100.00%-2100.00%-16.67%-100.00%-66.67%-625.00%-50.00%-562.50%2600.00%-263.64%-277.78%-250.00%4.67%-27.27%-33.33%-60.00%11.63%-60.00%6.06%-
Timing---------Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market--Pre-marketPre-marketPre-marketPre-market---Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap6.68B
Enterprise Value11.15B
Trailing P/E0.00
Forward P/E1428.57
PEG Ratio4.80
Price / Sales6.50
Price / Book2.29
EPS-0.66
Book Value9.95
Revenue (TTM)1.03B
Gross Profit (TTM)564.20M
EBITDA536.66M
Profit Margin-16.50%
Operating Margin16.26%
Return on Equity-6.18%
Return on Assets1.34%
Shares Outstanding283.56M
Shares Float283.34M
Beta2.06
Dividend Yield3.00%
Dividend Rate0.68
Payout Ratio133.33%

Analyst Ratings

Hold
Based on 15 analystsTarget 27.07
  • Strong Buy
    4
  • Buy
    1
  • Hold
    8
  • Sell
    1
  • Strong Sell
    1

Ownership Breakdown

Institutions
113.70%
Insiders
0.35%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    46.26M16.31%
  • Vanguard Portfolio Management, LLC
    25.57M9.02%
  • FMR Inc
    24.05M8.48%
  • State Street Corp
    14.78M5.21%
  • Smead Capital Management Inc
    11.48M4.05%
  • Vanguard Capital Management, LLC
    11.47M4.05%
  • CenterSquare Investment Management LLC
    9.00M3.17%
  • JPMorgan Chase & Co
    7.90M2.79%
  • Principal Financial Group Inc
    7.01M2.47%
  • T. Rowe Price Investment Management,Inc.
    6.88M2.43%
  • Geode Capital Management, LLC
    6.86M2.42%
  • Resolution Capital Limited
    5.44M1.92%
  • Charles Schwab Investment Management Inc
    5.21M1.84%
  • Wellington Management Company LLP
    4.67M1.65%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    17.25M6.08%
  • Vanguard Real Estate Index Investor
    10.66M3.76%
  • Smead Value Investor
    9.52M3.36%
  • Vanguard MStar Total Stk Mkt Idx Invest
    8.94M3.15%
  • iShares Russell 2000 ETF
    7.26M2.56%
  • Vanguard Small Cap Index
    6.46M2.28%

Dividends

20263×
0.17Sep 14, 20260.17Jun 15, 20260.17Mar 16, 2026
20254×
0.17Dec 15, 20250.17Sep 9, 20250.17Jun 3, 20250.17Mar 4, 2025
20244×
0.17Nov 12, 20240.17Aug 19, 20240.17May 17, 20240.17Feb 15, 2024
20234×
0.17Nov 8, 20230.17Aug 17, 20230.17May 18, 20230.17Feb 16, 2023
20224×
0.17Nov 8, 20220.15Aug 18, 20220.15May 19, 20220.15Feb 17, 2022
20214×
0.15Nov 8, 20210.15Aug 18, 20210.15May 6, 20210.15Feb 18, 2021
20201×
0.15Nov 6, 2020

Stock Splits

  • Feb 11, 20101014:1000
  • Nov 9, 200910179:10000
  • Aug 10, 200910189:10000
  • May 7, 20091027:1000