MAC Stock Overview
Macerich is a fully integrated, self-managed, and self-administered real estate investment trust (REIT). More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 1/6 |
| Dividends | 3/6 |
Rewards
Risk Analysis
+ 1 more risk
My Notes
Capture your thoughts, links and company narrative
The Macerich Company Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$20.23 |
| 52 Week High | US$22.27 |
| 52 Week Low | US$12.99 |
| Beta | 2.5 |
| 1 Month Change | -3.34% |
| 3 Month Change | 12.70% |
| 1 Year Change | 26.91% |
| 3 Year Change | 15.34% |
| 5 Year Change | -21.98% |
| Change since IPO | 3.74% |
Recent News & Updates
Recent updates
Macerich: Old Retail Is Fading
Oct 16Macerich: Probability Of Better Dividends Is Weak
Aug 01Macerich: Increased Headwinds And Higher Valuation Reduce Investment Appeal (Rating Downgrade)
May 01Macerich: Recovery Takes Hold But Balance Sheet Remains A Risk
Dec 01Macerich: U.S. Malls Are Not Dying
Sep 20Macerich: Downgrading To Hold After Q2 Results
Aug 10Macerich: 6% Dividend Yield, Tangible Book Value A Concern
Jun 30Simon Property Vs. Macerich: What's The Best Mall REIT To Buy Today?
Jun 02Macerich: This Mall REIT Is Hard To Ignore Because Of Its Fat Dividend Yield
Feb 22Macerich: Cheap For A Reason
Feb 15Macerich Q4 2022 Earnings Preview
Feb 06Macerich declares $0.17 dividend
Jan 27Macerich's Investor Day Highlights: Reinventing The Mall
Dec 11Shareholder Returns
| MAC | US Retail REITs | US Market | |
|---|---|---|---|
| 7D | 1.6% | -2.9% | -0.4% |
| 1Y | 26.9% | 7.0% | 24.8% |
Return vs Industry: MAC exceeded the US Retail REITs industry which returned 7% over the past year.
Return vs Market: MAC exceeded the US Market which returned 24.8% over the past year.
Price Volatility
| MAC volatility | |
|---|---|
| MAC Average Weekly Movement | 4.2% |
| Retail REITs Industry Average Movement | 2.6% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: MAC has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MAC's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1964 | 655 | Jackson Hsieh | www.macerich.com |
Macerich is a fully integrated, self-managed, and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 45 million square feet of real estate consisting primarily of interests in 41 retail centers.
The Macerich Company Fundamentals Summary
| MAC fundamental statistics | |
|---|---|
| Market cap | US$5.17b |
| Earnings (TTM) | US$78.41m |
| Revenue (TTM) | US$788.29m |
63.3x
P/E Ratio6.3x
P/S RatioIs MAC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MAC income statement (TTM) | |
|---|---|
| Revenue | US$788.29m |
| Cost of Revenue | US$405.59m |
| Gross Profit | US$382.70m |
| Other Expenses | US$304.28m |
| Earnings | US$78.41m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.32 |
| Gross Margin | 48.55% |
| Net Profit Margin | 9.95% |
| Debt/Equity Ratio | 167.7% |
How did MAC perform over the long term?
See historical performance and comparisonDividends
3.4%
Current Dividend Yield40%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 00:30 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
The Macerich Company is covered by 38 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| Ross Smotrich | Barclays |
| Paul Adornato | BMO Capital Markets Equity Research |