Macerich Future Growth

Future criteria checks 3/6

Macerich is forecast to grow earnings and revenue by 85.3% and 3.6% per annum respectively. EPS is expected to grow by 88.3% per annum. Return on equity is forecast to be -0.9% in 3 years.

Key information

85.3%

Earnings growth rate

88.3%

EPS growth rate

Retail REITs earnings growth	4.2%
Revenue growth rate	3.6%
Future return on equity	-0.9%
Analyst coverage	Low
Last updated	01 May 2024

Recent future growth updates

Recent updates

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	875	-5	N/A	N/A	3
12/31/2025	872	-32	92	N/A	5
12/31/2024	899	-142	105	N/A	2
3/31/2024	839	-343	N/A	N/A	N/A
12/31/2023	856	-275	296	296	N/A
9/30/2023	720	-335	299	299	N/A
6/30/2023	826	-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	361	361	N/A
3/31/2018	1,049	43	379	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
9/30/2013	1,100	330	N/A	424	N/A
6/30/2013	1,030	324	N/A	389	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.4%).

Earnings vs Market: MAC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MAC is expected to become profitable in the next 3 years.

Revenue vs Market: MAC's revenue (3.6% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: MAC's revenue (3.6% 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 3/6

Key information

Recent future growth updates

Price target increased by 8.8% to US$17.04

Price target increased by 7.8% to US$13.88

Consensus EPS estimates fall by 18%

Consensus EPS estimates fall by 14%

The Macerich Company Provides Earnings Guidance for the Year 2023

The Macerich Company Provides Earnings Guidance for the Year 2023

Recent updates

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

Macerich Company Declares Quarterly Cash Dividend for Common Stock, Payable on March 3, 2023

Macerich declares $0.17 dividend

The Macerich Company to Report Q4, 2022 Results on Feb 07, 2023

Macerich's Investor Day Highlights: Reinventing The Mall

Insufficient new directors

Macerich: Now A Dividend Growth Stock

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

The Macerich Company Narrows Earnings Guidance for the Fiscal Year 2022

The Macerich Company Announces Retirement of Diana Laing from Board of Directors

Upcoming dividend of US$0.17 per share

The Macerich Company Declares the Quarterly Dividend on Its Common Shares Payable on December 2, 2022

Investor sentiment improved over the past week

Macerich raises dividend by 13.3% to $0.17/share

Macerich Stock: This Is Getting Ridiculous

The Macerich Company to Report Q3, 2022 Results on Nov 03, 2022

CEO & Director recently bought US$199k worth of stock

Macerich May Be The Greatest REIT Opportunity

Consensus forecasts updated

Consensus forecasts updated

Macerich: Incredibly Cheap Despite The Clear Recovery Trend

Upcoming dividend of US$0.15 per share

Consensus forecasts updated

Price target decreased to US$13.23