MAC
Company Description
Macerich operates as a comprehensive, self-managed real estate investment trust (REIT) that independently oversees all aspects of its operations. Its core focus is on the acquisition, leasing, management, development, and revitalization of regional shopping malls throughout the United States. The company currently holds interests in 47 regional retail complexes, representing a total portfolio of 51 million square feet of real estate. Macerich specializes in high-performing retail properties located within America's most sought-after and populous markets, boasting a significant footprint particularly across the West Coast, Arizona, Chicago, and the corridor extending from Metropolitan New York to Washington, D.C. A consistent leader in environmental sustainability, Macerich earned the top GRESB ranking in the North American Retail Sector for an impressive five consecutive years, from 2015 to 2019.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.02B | 918.20M | 884.07M | 859.16M | 847.44M | 786.03M | 927.46M | 960.35M | 993.66M | 1.04B | 1.29B | 1.11B |
| Net Income | (197.15M) | (194.12M) | (274.06M) | (66.07M) | 14.26M | (230.20M) | 96.82M | 60.02M | 145.37M | 517.00M | 486.07M | 1.50B |
| EPS | -0.77 | -0.79 | -1.28 | -0.31 | 0.07 | -1.58 | 0.68 | 0.43 | 1.04 | 3.59 | 3.16 | 9.48 |
| Free Cash Flow | 321.60M | 283.44M | 295.50M | 337.51M | 286.37M | 124.84M | 355.16M | 344.31M | 386.39M | 429.53M | 554.96M | 400.71M |
| FCF / Share | 1.25 | 1.16 | 1.37 | 1.57 | 1.45 | 0.85 | 2.51 | 2.44 | 2.72 | 2.98 | 3.51 | 2.80 |
| Operating CF | 321.60M | 283.44M | 295.50M | 337.51M | 286.37M | 124.84M | 355.16M | 344.31M | 386.39M | 417.51M | 540.38M | 400.71M |
| Total Assets | 8.37B | 8.57B | 7.51B | 8.09B | 8.35B | 9.18B | 8.85B | 9.03B | 9.61B | 9.96B | 11.24B | 13.12B |
| Total Debt | 5.20B | 5.06B | 4.31B | 4.50B | 4.61B | 6.13B | 5.32B | 4.98B | 5.17B | 4.97B | 5.26B | 6.29B |
| Cash & Equiv | 43.01M | 89.86M | 94.94M | 100.32M | 112.45M | 465.30M | 100.00M | 102.71M | 91.04M | 94.05M | 86.51M | 84.91M |
| Book Value | 2.45B | 2.76B | 2.45B | 2.87B | 3.05B | 2.26B | 2.63B | 2.95B | 3.68B | 4.11B | 4.72B | 5.64B |
| Return on Equity | -0.08 | -0.07 | -0.11 | -0.02 | 0.00 | -0.10 | 0.04 | 0.02 | 0.04 | 0.13 | 0.10 | 0.27 |
| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 249.71M | 242.75M | 263.03M | 253.26M | 249.79M | 249.22M | 273.68M | 220.22M | 215.52M | 208.78M | 238.69M | 218.15M |
| Net Income | (27.07M) | (36.35M) | (18.76M) | (87.36M) | (40.91M) | (50.12M) | (211.21M) | (108.19M) | 252.01M | (126.73M) | 62.18M | (262.55M) |
| EPS | -0.10 | -0.14 | -0.07 | -0.34 | -0.16 | -0.20 | -0.89 | -0.50 | 1.16 | -0.59 | 0.29 | -1.22 |
| Free Cash Flow | (28.05M) | 35.52M | 50.20M | 153.59M | 55.34M | 88.49M | 54.87M | 100.05M | 64.49M | 61.09M | 49.38M | 107.40M |
| FCF / Share | -0.10 | 0.14 | 0.20 | 0.60 | 0.22 | 0.35 | 0.23 | 0.46 | 0.30 | 0.28 | 0.23 | 0.50 |
| Operating CF | 49.76M | 94.49M | 50.20M | 112.39M | 91.64M | 88.49M | 54.87M | 100.05M | 104.19M | 61.09M | 49.38M | 107.40M |
| Total Assets | 8.52B | 8.19B | 8.37B | 8.42B | 8.73B | 8.68B | 8.57B | 7.59B | 7.78B | 7.36B | 7.51B | 7.59B |
| Total Debt | 4.85B | 5.06B | 5.20B | 5.15B | 5.39B | 5.30B | 5.06B | 4.42B | 4.62B | 4.35B | 4.31B | 4.37B |
| Cash & Equiv | 227.03M | 51.13M | 43.01M | 290.16M | 131.09M | 253.25M | 89.86M | 116.47M | 70.69M | 120.05M | 94.94M | 111.80M |
| Book Value | 2.83B | 2.44B | 2.45B | 2.51B | 2.59B | 2.66B | 2.76B | 2.51B | 2.51B | 2.29B | 2.45B | 2.43B |
| Return on Equity | -0.01 | -0.01 | -0.01 | -0.03 | -0.02 | -0.02 | -0.08 | -0.04 | 0.10 | -0.06 | 0.03 | -0.11 |
