MAC
The Macerich Company
$25.36
-0.29
(-1.13%)
Mkt Cap
7.55B
Volume
1,612,490
52W Range
15.94-26.23
Sector
Real Estate
Beta
2.06
EPS (TTM)
-0.71
P/E Ratio
-23.97
Revenue (TTM)
1.01B
Rev Growth (5Y)
+5.3%
EPS Growth (5Y)
N/A
AlphaVal · Fair Value
What we estimate one share is worth
$14.34
Overvalued
strong signal
76.9% above fair value
Modeled from cash flows & growth.
AlphaQuality · Grade · Gated
How strong & durable the business is
F
Real Estate Investment Trust
23.8 / 100 pillar composite (overridden)
A real-estate investment trust — graded A–F vs. similar companies.
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
Showing latest 4 periods • Swipe for more
| 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 | 2.53 |
| 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 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 242.75M | 263.03M | 253.26M | 249.79M | 249.22M | 273.68M | 220.22M | 215.52M | 208.78M | 238.69M | 218.15M | 212.37M |
| Net Income | (36.35M) | (18.76M) | (87.36M) | (40.91M) | (50.12M) | (211.21M) | (108.19M) | 252.01M | (126.73M) | 62.18M | (262.55M) | (14.96M) |
| EPS | -0.14 | -0.07 | -0.34 | -0.16 | -0.20 | -0.89 | -0.50 | 1.16 | -0.59 | 0.29 | -1.22 | -0.07 |
| Free Cash Flow | 35.52M | 50.20M | 153.59M | 55.34M | 88.49M | 54.87M | 100.05M | 64.49M | 61.09M | 49.38M | 107.40M | 48.66M |
| FCF / Share | 0.14 | 0.20 | 0.60 | 0.22 | 0.35 | 0.23 | 0.46 | 0.30 | 0.28 | 0.23 | 0.50 | 0.23 |
| Operating CF | 94.49M | 50.20M | 112.39M | 91.64M | 88.49M | 54.87M | 100.05M | 104.19M | 61.09M | 49.38M | 107.40M | 81.88M |
| Total Assets | 8.19B | 8.37B | 8.42B | 8.73B | 8.68B | 8.57B | 7.59B | 7.78B | 7.36B | 7.51B | 7.59B | 7.89B |
| Total Debt | 5.06B | 5.20B | 5.15B | 5.39B | 5.30B | 5.06B | 4.42B | 4.62B | 4.35B | 4.31B | 4.37B | 4.39B |
| Cash & Equiv | 51.13M | 43.01M | 290.16M | 131.09M | 253.25M | 89.86M | 116.47M | 70.69M | 120.05M | 94.94M | 111.80M | 92.47M |
| Book Value | 2.44B | 2.45B | 2.51B | 2.59B | 2.66B | 2.76B | 2.51B | 2.51B | 2.29B | 2.45B | 2.43B | 2.73B |
| Return on Equity | -0.01 | -0.01 | -0.03 | -0.02 | -0.02 | -0.08 | -0.04 | 0.10 | -0.06 | 0.03 | -0.11 | -0.01 |
MAC News
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Macerich Schedules Second Quarter 2026 Earnings Release and Conference Call
Macerich: Growth Story Hobbled By Debt
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MAC Trends to Watch as Redevelopment and Demand Reshape Growth
MAC Stock Faces Key Test as Leasing Pipeline Drives Future NOI Growth
Macerich Announces Pricing of Public Offering of Common Stock
Macerich Announces Pricing of Public Offering of Common Stock