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The Macerich Company

Data quality: 100%
MAC
NYSE Real Estate REIT - Retail
$18.48
▲ $0.36 (1.99%)
Mkt Cap: 4.74B
Day Range
$18.38 $19.07
52-Week Range
$12.48 $20.93
Volume
1,400,444
50D / 200D Avg
$19.02 / $17.75
Prev Close
$18.12

Price History

Financial Trends

Peer Comparison

vs Real Estate sector median (361 peers)

Metric Stock Sector Median
P/E -24.1 11.1
P/B 1.9 0.8
ROE % -7.6 6.1
Net Margin % -19.4 19.9
Rev Growth 5Y % 4.6 7.0
D/E 2.1 0.9

Analyst Price Target

Hold
$21.75 +17.7%
Low: $20.00 High: $25.00
Forward EPS
-$0.17
Est. Revenue
980 M

Earnings Estimates

Period EPS Est. Revenue Est. Analysts
FY2030 $0.10
$0.09 – $0.11
1.1 B 1
FY2029 $0.16
$0.13 – $0.17
1.1 B 1
FY2028 $0.07
$0.06 – $0.07
980 M 3

Key Takeaways

Revenue grew 4.62% annually over 5 years — modest growth
Debt/Equity of 2.12 — high leverage
Generating 321.60M in free cash flow
Revenue growth is accelerating — 1Y growth exceeds 5Y average by 5.96%
Capital efficient — spends only 0.00% of revenue on capex
ROIC of 1.64% — low return on invested capital

Growth

Revenue Growth (5Y)
4.62%
Revenue (1Y)10.58%
Earnings (1Y)N/A
FCF Growth (3Y)4.32%

Quality

Return on Equity
-7.57%
ROIC1.64%
Net Margin-19.42%
Op. Margin16.52%

Safety

Debt / Equity
2.12
Current Ratio0.09
Interest Coverage0.78

Valuation

P/E Ratio
-24.06
P/B Ratio1.94
EV/EBITDA59.03
Dividend Yield0.04%

All Fundamental Metrics

Growth
Revenue Growth (1Y) 10.58% Revenue Growth (3Y) 7.17%
Earnings Growth (1Y) N/A Earnings Growth (3Y) N/A
Revenue Growth (5Y) 4.62% Earnings Growth (5Y) N/A
Profitability
Revenue (TTM) 1.02B Net Income (TTM) -197.15M
ROE -7.57% ROA -2.36%
Gross Margin 38.16% Operating Margin 16.52%
Net Margin -19.42% Free Cash Flow (TTM) 321.60M
ROIC 1.64% FCF Growth (3Y) 4.32%
Safety
Debt / Equity 2.12 Current Ratio 0.09
Interest Coverage 0.78 Dividend Yield 0.04%
Valuation
P/E Ratio -24.06 P/B Ratio 1.94
P/S Ratio 4.67 PEG Ratio 9.49
EV/EBITDA 59.03 Dividend Yield 0.04%
Market Cap 4.74B Enterprise Value 9.90B

Income Statement

Annual, most recent first

Income statement data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue 1.02B 918.20M 884.07M 859.16M 847.44M
Net Income -197.15M -194.12M -274.07M -66.07M 14.26M
EPS (Diluted) -0.77 -0.78 -1.28 -0.31 0.07
Gross Profit 387.47M 487.94M 489.18M 468.81M 466.55M
Operating Income 167.76M 165.01M 177.58M 150.04M 125.37M

Balance Sheet

Annual, most recent first

Balance sheet data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 8.37B 8.57B 7.51B 8.09B 8.35B
Total Liabilities 5.84B 5.72B 4.99B 5.14B 5.17B
Shareholders' Equity 2.45B 2.76B 2.45B 2.87B 3.05B
Total Debt 5.20B 5.06B 4.31B 4.50B 4.61B
Cash & Equivalents 43.01M 89.86M 94.94M 100.32M 112.45M
Current Assets 102.64M 334.67M 378.53M 368.03M 378.33M
Current Liabilities 1.16B 660.08M 573.72M 502.95M 441.44M