The Macerich Company

The Macerich Company

MAC
The Macerich CompanyUS flagNew York Stock Exchange
22.30
USD
+0.06
- -
6.32BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3.94
Basic EPS, GAAP
2.98
9.48
3.16
3.59
1.04
0.43
0.68
-1.54
0.07
-0.31
-1.27
-0.88
-0.78
-0.72
Free Cash Flow per Basic Share
3
2.53
3.59
2.98
2.74
2.44
2.51
0.83
1.45
1.57
1.37
1.28
1.27
1.22
Dividend per Share
2.67
2.54
5.25
5.54
3.88
3.21
3.36
1.2
0.72
0.87
0.74
0.73
0.74
0.73
Book Value per Share
-3.89
3.78
-1.37
-3.38
-5.88
-11.42
-13.74
-15.61
-12.33
-12.28
-14.2
-15.35
-14.85
-15.09
Tangible Book Value per Share
23.76
34.25
29.8
28.28
26.03
20.74
18.9
15.15
15.27
13.38
11.25
11.86
9.25
9.21
Basic Weighted Avg Shares
141
158
154
144
141
141
141
150
198
215
216
222
254
255
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1,006
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
16.58
Depreciation Expense
376
379
455
343
341
335
338
326
324
302
296
306
368
359
Net Income, GAAP
420
1,499
488
517
146
60
97
-230
14
-66
-274
-194
-197
-183
Effective Tax Rate (%)
- -
- -
- -
0.13
8.8
- -
1.53
- -
30.06
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-18.22
Working Capital
-473
-403
-498
-157
-130
-119
-160
248
-63
-135
-195
-325
-185
-282
LT Debt
4,583
6,292
5,261
4,966
5,170
4,982
5,324
6,129
4,609
4,499
4,310
5,065
5,136
4,998
Total Equity
3,719
6,040
5,071
4,427
3,968
3,188
2,831
2,445
3,176
2,949
2,528
2,842
2,527
2,512
Return on Invested Capital (%)
- -
- -
- -
2.62
2.31
- -
2.49
- -
1.08
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
12.59
6.09
- -
6.32
- -
4.69
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
5,077
5,069
4,933
LT Finance Leases
70
67
65
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
256
257
261
Market Capitalization
4,536
4,693
4,828

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
512
521
400
Cash, Cash Equivalents & STI
290
280
182
Accounts Receivable, Net
42
146
126
Inventories
- -
- -
- -
Total Current Liabilities
696
706
682
Payables & Accruals
696
706
682
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-5.77%
1.96%
-11.09%
Free Cash Flow
3.89%
28.84%
13.46%
Net Income, GAAP
-78.33%
-76.44%
1.56%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
-9.45%
2.61%
16.69%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
209
216
220
274
- -
2025
249
250
253
262
- -
2026
242
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.56
1.17
-0.5
-0.89
-0.88
2025
-0.2
-0.16
-0.34
-0.07
-0.78
2026
-0.14
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
0.19
0.18
0.17
0.73
2025
0.2
0.18
0.18
0.18
0.74
2026
0.19
- -
- -
- -
- -

Company Description

APIChat
CEO
Jackson Hsieh
Full Time Employees
615
Sector
Real Estate
Industry
REIT - Retail
Address
401 Wilshire Boulevard Santa Monica CA United States of America 90401
IPO Date
Mar 10, 1994
Business
The Macerich Company (NYSE: MAC) owns, operates, and develops regional malls and lifestyle centers primarily in the United States. The company portfolio includes prominent properties such as Scottsdale Fashion Square in Arizona, South Coast Plaza in California, and Kings Plaza in New York; it provides leasing services for retail spaces to anchor tenants, inline stores, and experiential retailers; and offers property management, redevelopment, and marketing services to enhance tenant sales and visitor traffic. Headquartered in Santa Monica, California, Macerich was founded in 1964 and focuses on high-barrier-to-entry markets in densely populated regions across the U.S., including the West Coast, Northeast, and Midwest. In recent developments, Macerich completed the acquisition of two regional malls from a strategic partner in late 2024, bolstering its portfolio with high-quality assets in key growth markets; announced a $500 million redevelopment plan for its flagship Scottsdale Fashion Square in early 2025 to introduce mixed-use elements like luxury residential and office components; and formed a joint venture with a leading institutional investor for the expansion of lifestyle offerings at multiple properties amid rising demand for omnichannel retail experiences. These initiatives reflect the company's strategic shift toward adaptive reuse and experiential retail to navigate e-commerce pressures and post-pandemic consumer trends. Macerich operates without notable subsidiaries or parent entities, serving major national retailers, luxury brands, and emerging experiential operators as primary customers.

Company News

APIChat
  • Macerich Provides Update on Path Forward Strategy & 2028 Outlook

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  • 3 REITs To Buy Before Their Dividends Are Hiked

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  • Inflation Reignites, Yields Spike

  • Macerich Announces Pricing of Upsized Public Offering of Common Stock

  • Macerich Announces Commencement of Public Offering of Common Stock

  • Macerich Q1 Earnings Call Highlights

  • Macerich Q1 FFOA & Revenues Beat Estimates on Improved Leasing Progress

  • The Macerich Company (MAC) Q1 2026 Earnings Call Transcript

  • Macerich (MAC) Q1 FFO and Revenues Beat Estimates

  • Macerich (MAC) Reports Q1 Earnings: What Key Metrics Have to Say

  • Macerich Acquires Annapolis Mall for $272 Million

  • Macerich Reports First Quarter 2026 Earnings Results

  • Macerich Declares the Quarterly Dividend on Its Common Shares

  • Macerich Company (The) $MAC Shares Sold by B&I Capital AG

  • Macerich Stock Rises 16.4% in 6 Months: Will the Trend Last?

  • Macerich Company (The) $MAC Shares Sold by SG Americas Securities LLC

  • Macerich Schedules First Quarter 2026 Earnings Release and Conference Call

  • Why Is Macerich (MAC) Down 5% Since Last Earnings Report?