The Macerich Company
0JX5.L
London Stock Exchange25.71
USD
+0.32
- -
The Macerich Company
0JX5.L
(London Stock Exchange)
Recent
price
25.71
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- The Macerich Company is a real estate investment trust (REIT) primarily engaged in the ownership, operation, management, development, and redevelopment of high-quality retail real estate properties in the United States. Its core portfolio includes interests in approximately 43 to 47 regional shopping centers totaling over 50 million square feet, located mainly in densely populated and attractive markets including California, the Pacific Northwest, Phoenix/Scottsdale, Chicago, and the Metro New York to Washington, D.C. corridor. The company's main products and services encompass retail property leasing, shopping center management, architectural and conceptual planning, project management, and financial and legal services related to shopping center operations. The firm emphasizes creating community cornerstone retail destinations that offer a mix of shopping, dining, and entertainment options. Founded in 1964 and headquartered in Santa Monica, California, Macerich operates as a fully integrated, self-managed, and self-administered REIT. Its business segments are focused on retail real estate with a target market that includes retail tenants ranging from local to national brands, serving consumers in high-traffic urban and suburban areas. The company manages a portfolio designed to maximize occupancy and tenant quality through active leasing and robust tenant relationships. Recent major changes include significant strategic initiatives such as the acquisition of Market-Dominant Crabtree Mall in Raleigh, North Carolina for $290 million, completed in 2025. Macerich also executed a full repayment of a $478 million loan on Washington Square using proceeds from a public stock offering, strengthening its balance sheet. The company launched a new leasing dashboard to enhance transparency and efficiency in tenant management and leasing activities. Its 2024 operational highlights included the introduction of 1.5 million square feet of new retail space, finalization of 3.7 million square feet of leases, and a strategic operation plan targeting increased permanent occupancy and revenue growth through 2028. Macerich is actively managing asset divestitures and loan repayments, aiming to reduce leverage to a low to mid-range over the coming years. The company has also reinforced its leadership position through operational integrations such as merging joint venture interests for streamlining and securing advantageous refinancing arrangements. Its business strategy focuses on elevating tenant quality, enhancing leasing activities, and expanding its footprint with a solid pipeline of new store openings expected to generate significant additional rental income by 2028. Macerich’s comprehensive services and portfolio management, combined with its recent acquisitions, refinancing activities, and leasing technology improvements, position it as a leading retail real estate trust with a focus on sustainable growth and market-leading retail centers in key U.S. metropolitan regions.