Macerich Past Earnings Performance

Past criteria checks 0/6

Macerich's earnings have been declining at an average annual rate of -47.7%, while the Retail REITs industry saw earnings growing at 11.3% annually. Revenues have been declining at an average rate of 4% per year.

Key information

-47.7%

Earnings growth rate

-43.6%

EPS growth rate

Retail REITs Industry Growth	8.5%
Revenue growth rate	-4.0%
Return on equity	-14.9%
Net Margin	-40.9%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

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

May 01

Revenue & Expenses Breakdown
Beta

How Macerich makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:MAC Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	839	-343	30
31 Dec 23	856	-275	29
30 Sep 23	720	-335	29
30 Jun 23	826	-88	30
31 Mar 23	832	-88	27
31 Dec 22	866	-67	27
30 Sep 22	844	-86	28
30 Jun 22	838	36	29
31 Mar 22	863	40	29
31 Dec 21	868	13	30
30 Sep 21	823	-160	30
30 Jun 21	786	-289	30
31 Mar 21	715	-302	32
31 Dec 20	759	-231	30
30 Sep 20	831	-14	28
30 Jun 20	904	54	26
31 Mar 20	974	95	22
31 Dec 19	976	96	23
30 Sep 19	987	81	23
30 Jun 19	997	108	23
31 Mar 19	1,016	100	23
31 Dec 18	1,028	59	24
30 Sep 18	1,046	80	25
30 Jun 18	1,047	24	25
31 Mar 18	1,049	43	28
31 Dec 17	1,044	145	28
30 Sep 17	1,060	150	26
30 Jun 17	1,066	146	28
31 Mar 17	1,080	165	28
31 Dec 16	1,085	516	28
30 Sep 16	1,131	893	30
30 Jun 16	1,204	913	30
31 Mar 16	1,261	882	30
31 Dec 15	1,322	486	30
30 Sep 15	1,323	1,500	35
30 Jun 15	1,267	1,503	33
31 Mar 15	1,204	1,504	31
31 Dec 14	1,160	1,497	29
30 Sep 14	1,122	61	26
30 Jun 14	1,135	72	27
31 Mar 14	1,205	132	29
31 Dec 13	1,188	130	28
30 Sep 13	1,100	330	23
30 Jun 13	1,030	324	22

Quality Earnings: MAC is currently unprofitable.

Growing Profit Margin: MAC is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MAC is unprofitable, and losses have increased over the past 5 years at a rate of 47.7% per year.

Accelerating Growth: Unable to compare MAC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MAC is unprofitable, making it difficult to compare its past year earnings growth to the Retail REITs industry (5.5%).

Return on Equity

High ROE: MAC has a negative Return on Equity (-14.88%), as it is currently unprofitable.

Macerich Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

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

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

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

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

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

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

Revenue & Expenses Breakdown
Beta