Macerich Future Growth

Future criteria checks 0/6

Macerich's earnings are forecast to decline at 35.7% per annum while its annual revenue is expected to grow at 5.7% per year. EPS is expected to decline by 33.8% per annum. Return on equity is forecast to be -0.3% in 3 years.

Key information

-35.7%

Earnings growth rate

-33.8%

EPS growth rate

Retail REITs earnings growth	8.2%
Revenue growth rate	5.7%
Future return on equity	-0.3%
Analyst coverage	Low
Last updated	07 Nov 2024

Recent future growth updates

Recent updates

Macerich: Old Retail Is Fading

Oct 16

Macerich: Probability Of Better Dividends Is Weak

Aug 01

Macerich: Increased Headwinds And Higher Valuation Reduce Investment Appeal (Rating Downgrade)

May 01

Earnings and Revenue Growth Forecasts

NYSE:MAC - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	866	-11	51	240	3
12/31/2025	851	-57	45	217	5
12/31/2024	861	77	87	110	2
9/30/2024	788	78	278	278	N/A
6/30/2024	794	-76	285	285	N/A
3/31/2024	839	-343	276	276	N/A
12/31/2023	856	-275	296	296	N/A
9/30/2023	879	-335	299	299	N/A
6/30/2023	878	-88	361	361	N/A
3/31/2023	832	-88	353	353	N/A
12/31/2022	866	-67	338	338	N/A
9/30/2022	844	-86	360	360	N/A
6/30/2022	838	36	289	289	N/A
3/31/2022	863	40	300	300	N/A
12/31/2021	868	13	286	286	N/A
9/30/2021	823	-160	271	271	N/A
6/30/2021	786	-289	253	253	N/A
3/31/2021	715	-302	127	127	N/A
12/31/2020	759	-231	125	125	N/A
9/30/2020	831	-14	148	148	N/A
6/30/2020	904	54	175	175	N/A
3/31/2020	974	95	306	306	N/A
12/31/2019	976	96	355	355	N/A
9/30/2019	987	81	369	369	N/A
6/30/2019	997	108	345	345	N/A
3/31/2019	1,016	100	348	348	N/A
12/31/2018	1,028	59	344	344	N/A
9/30/2018	1,046	80	334	334	N/A
6/30/2018	1,047	24	N/A	361	N/A
3/31/2018	1,049	43	N/A	379	N/A
12/31/2017	1,044	145	N/A	386	N/A
9/30/2017	1,060	150	N/A	398	N/A
6/30/2017	1,066	146	N/A	400	N/A
3/31/2017	1,080	165	N/A	412	N/A
12/31/2016	1,085	516	N/A	430	N/A
9/30/2016	1,131	893	N/A	458	N/A
6/30/2016	1,204	913	N/A	487	N/A
3/31/2016	1,261	882	N/A	498	N/A
12/31/2015	1,322	486	N/A	555	N/A
9/30/2015	1,323	1,500	N/A	517	N/A
6/30/2015	1,267	1,503	N/A	483	N/A
3/31/2015	1,204	1,504	N/A	465	N/A
12/31/2014	1,160	1,497	N/A	401	N/A
9/30/2014	1,122	61	N/A	390	N/A
6/30/2014	1,135	72	N/A	430	N/A
3/31/2014	1,205	132	N/A	412	N/A
12/31/2013	1,188	130	N/A	422	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAC's earnings are forecast to decline over the next 3 years (-35.7% per year).

Earnings vs Market: MAC's earnings are forecast to decline over the next 3 years (-35.7% per year).

High Growth Earnings: MAC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MAC's revenue (5.7% per year) is forecast to grow slower than the US market (8.9% per year).

High Growth Revenue: MAC's revenue (5.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MAC is forecast to be unprofitable in 3 years.

Macerich Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates upgraded to US$0.055 loss

Consensus estimates of losses per share improve by 60%

Consensus EPS estimates fall by 13%

Consensus EPS estimates fall by 53%

Price target increased by 8.8% to US$17.04

Price target increased by 7.8% to US$13.88

Recent updates

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

New minor risk - Shareholder dilution

The Macerich Company (NYSE:MAC) acquired 40% stake in Pacific Premier Retail Trust for approximately $120 million.

The Macerich Company Announces CFO Changes, Effective November 16, 2024

Second quarter dividend of US$0.17 announced

Macerich Company Declares Quarterly Dividend, Payable on December 2, 2024

Macerich: Old Retail Is Fading

The Macerich Company to Report Q3, 2024 Results on Nov 06, 2024

Upcoming dividend of US$0.17 per share

Consensus EPS estimates upgraded to US$0.055 loss

Consensus estimates of losses per share improve by 60%

Red Development LLC acquired remaining 50% stake in Biltmore Fashion Park from The Macerich Company (NYSE:MAC).

Macerich: Probability Of Better Dividends Is Weak

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

First quarter dividend of US$0.17 announced

The Macerich Company Declares Quarterly Cash Dividend, Payable on September 9, 2024

Macerich Company Announces the Appointment of Diana M. Laing to Its Board of Directors

Consensus EPS estimates fall by 13%

The Macerich Company to Report Q2, 2024 Results on Jul 31, 2024

Consensus EPS estimates fall by 53%

The Macerich Company (NYSE:MAC) acquired remaining 40% stake in Five Property Assets in USA from global institutional investor for $36.5 million.

Upcoming dividend of US$0.17 per share

President recently bought US$2.0m worth of stock

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Macerich: Increased Headwinds And Higher Valuation Reduce Investment Appeal (Rating Downgrade)

Fourth quarter dividend of US$0.17 announced

The Macerich Company Declares the Quarterly Cash Dividend, Payable on June 3, 2024

The Macerich Company, Annual General Meeting, May 30, 2024

The Macerich Company to Report Q1, 2024 Results on Apr 30, 2024

Advisor recently sold US$1.6m worth of stock

Price target increased by 8.8% to US$17.04

Advisor notifies of intention to sell stock

President & Director recently sold US$860k worth of stock

President & Director notifies of intention to sell stock

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of US$0.17 per share at 4.0% yield

The Macerich Company Announces CEO Changes

Third quarter dividend of US$0.17 announced

The Macerich Company Declares Quarterly Cash Dividend, Payable on March 4, 2024

The Macerich Company to Report Q4, 2023 Results on Feb 07, 2024

Price target increased by 7.8% to US$13.88

The Macerich Company Announces Retirement of Steven Soboroff from the Board of Directors, Effective December 31, 2023

Macerich: Recovery Takes Hold But Balance Sheet Remains A Risk

Consensus EPS estimates fall by 18%

Consensus EPS estimates fall by 14%

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

The Macerich Company Provides Earnings Guidance for the Year 2023

Upcoming dividend of US$0.17 per share at 7.0% yield

The Macerich Company to Report Q3, 2023 Results on Oct 31, 2023

Macerich: U.S. Malls Are Not Dying

Macerich: Downgrading To Hold After Q2 Results

Upcoming dividend of US$0.17 per share at 5.4% yield

Second quarter 2023 earnings: EPS exceeds analyst expectations

An unknown buyer acquired Superstition Springs Power Center, a 204,000 Square Foot Power Center in Mesa, Arizona from The Macerich Company (NYSE:MAC) for $5.6 million.

The Macerich Company to Report Q2, 2023 Results on Aug 08, 2023

Macerich: 6% Dividend Yield, Tangible Book Value A Concern

The Macerich Company (NYSE:MAC) acquired the remaining 50% stakes in 5 Former Sears Boxes from Seritage Growth Properties (NYSE:SRG).

Simon Property Vs. Macerich: What's The Best Mall REIT To Buy Today?

Upcoming dividend of US$0.17 per share at 7.0% yield

The Macerich Company Provides Earnings Guidance for the Year 2023

First quarter 2023 earnings released: US$0.27 loss per share (vs US$0.17 loss in 1Q 2022)

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Macerich: This Mall REIT Is Hard To Ignore Because Of Its Fat Dividend Yield

Macerich: Cheap For A Reason

Consensus estimates of losses per share improve by 17%

Upcoming dividend of US$0.17 per share at 5.1% yield

Consensus estimates of losses per share improve by 28%

The Macerich Company Provides Earnings Guidance for Fiscal Year 2023

Macerich Q4 2022 Earnings Preview