The Macerich Company
NYSE:MAC Stock Report
Macerich Balance Sheet Health
Financial Health criteria checks 1/6 Macerich has a total shareholder equity of $2.6B and total debt of $4.3B, which brings its debt-to-equity ratio to 167.7%. Its total assets and total liabilities are $7.6B and $5.0B respectively. Macerich's EBIT is $71.4M making its interest coverage ratio 0.4. It has cash and short-term investments of $116.5M.
Key information
167.7%
Debt to equity ratio
Interest coverage ratio 0.4x Cash US$116.48m Equity US$2.59b Total liabilities US$5.00b Total assets US$7.59b
Recent financial health updates
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Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Nov 08
New minor risk - Shareholder dilution Nov 07
The Macerich Company (NYSE:MAC) acquired 40% stake in Pacific Premier Retail Trust for approximately $120 million. Nov 07 The Macerich Company Announces CFO Changes, Effective November 16, 2024 Nov 06
Second quarter dividend of US$0.17 announced Nov 03
Macerich Company Declares Quarterly Dividend, Payable on December 2, 2024 Oct 31
Macerich: Old Retail Is Fading Oct 16
The Macerich Company to Report Q3, 2024 Results on Nov 06, 2024 Oct 02
Upcoming dividend of US$0.17 per share Aug 12
Consensus EPS estimates upgraded to US$0.055 loss Aug 09
Consensus estimates of losses per share improve by 60% Aug 07
Red Development LLC acquired remaining 50% stake in Biltmore Fashion Park from The Macerich Company (NYSE:MAC). Aug 02
Macerich: Probability Of Better Dividends Is Weak Aug 01
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Aug 01
First quarter dividend of US$0.17 announced Jul 29
The Macerich Company Declares Quarterly Cash Dividend, Payable on September 9, 2024 Jul 26
Macerich Company Announces the Appointment of Diana M. Laing to Its Board of Directors Jul 22
Consensus EPS estimates fall by 13% Jun 28 The Macerich Company to Report Q2, 2024 Results on Jul 31, 2024
Consensus EPS estimates fall by 53% May 19
The Macerich Company (NYSE:MAC) acquired remaining 40% stake in Five Property Assets in USA from global institutional investor for $36.5 million. May 17
Upcoming dividend of US$0.17 per share May 13
President recently bought US$2.0m worth of stock May 07
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind May 01
Macerich: Increased Headwinds And Higher Valuation Reduce Investment Appeal (Rating Downgrade) May 01
Fourth quarter dividend of US$0.17 announced Apr 29
The Macerich Company Declares the Quarterly Cash Dividend, Payable on June 3, 2024 Apr 27
The Macerich Company, Annual General Meeting, May 30, 2024 Apr 21
The Macerich Company to Report Q1, 2024 Results on Apr 30, 2024 Apr 09
Advisor recently sold US$1.6m worth of stock Mar 25
Price target increased by 8.8% to US$17.04 Mar 23
Advisor notifies of intention to sell stock Mar 22
President & Director recently sold US$860k worth of stock Feb 26
President & Director notifies of intention to sell stock Feb 22
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Feb 08
Upcoming dividend of US$0.17 per share at 4.0% yield Feb 08 The Macerich Company Announces CEO Changes
Third quarter dividend of US$0.17 announced Feb 05
The Macerich Company Declares Quarterly Cash Dividend, Payable on March 4, 2024 Feb 02
The Macerich Company to Report Q4, 2023 Results on Feb 07, 2024 Jan 09
Price target increased by 7.8% to US$13.88 Dec 22
The Macerich Company Announces Retirement of Steven Soboroff from the Board of Directors, Effective December 31, 2023 Dec 08
Macerich: Recovery Takes Hold But Balance Sheet Remains A Risk Dec 01
Consensus EPS estimates fall by 18% Nov 22
Consensus EPS estimates fall by 14% Nov 17
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Nov 01 The Macerich Company Provides Earnings Guidance for the Year 2023
Upcoming dividend of US$0.17 per share at 7.0% yield Nov 01
The Macerich Company to Report Q3, 2023 Results on Oct 31, 2023 Sep 28
Macerich: U.S. Malls Are Not Dying Sep 20
Macerich: Downgrading To Hold After Q2 Results Aug 10
Upcoming dividend of US$0.17 per share at 5.4% yield Aug 10
Second quarter 2023 earnings: EPS exceeds analyst expectations Aug 09
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. Aug 09
The Macerich Company to Report Q2, 2023 Results on Aug 08, 2023 Jun 30
Macerich: 6% Dividend Yield, Tangible Book Value A Concern Jun 30
The Macerich Company (NYSE:MAC) acquired the remaining 50% stakes in 5 Former Sears Boxes from Seritage Growth Properties (NYSE:SRG). Jun 16
Simon Property Vs. Macerich: What's The Best Mall REIT To Buy Today? Jun 02
Upcoming dividend of US$0.17 per share at 7.0% yield May 11 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) May 05
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Feb 26
Macerich: This Mall REIT Is Hard To Ignore Because Of Its Fat Dividend Yield Feb 22
Macerich: Cheap For A Reason Feb 15
Consensus estimates of losses per share improve by 17% Feb 10
Upcoming dividend of US$0.17 per share at 5.1% yield Feb 09
Consensus estimates of losses per share improve by 28% Feb 08
The Macerich Company Provides Earnings Guidance for Fiscal Year 2023 Feb 08
Macerich Q4 2022 Earnings Preview Feb 06
Macerich Company Declares Quarterly Cash Dividend for Common Stock, Payable on March 3, 2023 Jan 28
Macerich declares $0.17 dividend Jan 27
The Macerich Company to Report Q4, 2022 Results on Feb 07, 2023 Jan 13
Macerich's Investor Day Highlights: Reinventing The Mall Dec 11
Insufficient new directors Nov 16
Macerich: Now A Dividend Growth Stock Nov 05
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Nov 04
The Macerich Company Narrows Earnings Guidance for the Fiscal Year 2022 Nov 04
The Macerich Company Announces Retirement of Diana Laing from Board of Directors Nov 01
Upcoming dividend of US$0.17 per share Nov 01
The Macerich Company Declares the Quarterly Dividend on Its Common Shares Payable on December 2, 2022 Oct 29
Investor sentiment improved over the past week Oct 28
Macerich raises dividend by 13.3% to $0.17/share Oct 28
Macerich Stock: This Is Getting Ridiculous Sep 30
The Macerich Company to Report Q3, 2022 Results on Nov 03, 2022 Sep 23
CEO & Director recently bought US$199k worth of stock Sep 22
Macerich May Be The Greatest REIT Opportunity Aug 26
Consensus forecasts updated Aug 20
Consensus forecasts updated Aug 18
Macerich: Incredibly Cheap Despite The Clear Recovery Trend Aug 14
Upcoming dividend of US$0.15 per share Aug 11
Consensus forecasts updated Aug 04
Price target decreased to US$13.23 Aug 02
Financial Position Analysis
Short Term Liabilities: MAC's short term assets ($363.3M) do not cover its short term liabilities ($1.2B).
Long Term Liabilities: MAC's short term assets ($363.3M) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: MAC's net debt to equity ratio (163.2%) is considered high .
Reducing Debt: MAC's debt to equity ratio has reduced from 183.5% to 167.7% over the past 5 years.
Debt Coverage: MAC's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: MAC's interest payments on its debt are not well covered by EBIT (0.4x coverage).
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