The Macerich Company

NYSE:MAC Stock Report

Market Cap: US$4.6b

Macerich Past Earnings Performance

Past criteria checks 1/6

Macerich's earnings have been declining at an average annual rate of -26.4%, while the Retail REITs industry saw earnings growing at 10.3% annually. Revenues have been declining at an average rate of 2.1% per year. Macerich's return on equity is 3.4%, and it has net margins of 9.9%.

Key information

-26.4%

Earnings growth rate

-22.4%

EPS growth rate

Retail REITs Industry Growth8.5%
Revenue growth rate-2.1%
Return on equity3.4%
Net Margin9.9%
Last Earnings Update30 Sep 2024

Recent past performance 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

Macerich: Recovery Takes Hold But Balance Sheet Remains A Risk

Dec 01

Macerich: U.S. Malls Are Not Dying

Sep 20

Macerich: Downgrading To Hold After Q2 Results

Aug 10

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

Jun 30

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

Jun 02

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

Feb 22

Macerich: Cheap For A Reason

Feb 15

Macerich Q4 2022 Earnings Preview

Feb 06

Macerich declares $0.17 dividend

Jan 27

Macerich's Investor Day Highlights: Reinventing The Mall

Dec 11

Macerich: Now A Dividend Growth Stock

Nov 05

Macerich raises dividend by 13.3% to $0.17/share

Oct 28

Macerich Stock: This Is Getting Ridiculous

Sep 30

Macerich May Be The Greatest REIT Opportunity

Aug 26

Macerich: Incredibly Cheap Despite The Clear Recovery Trend

Aug 14

Revenue & Expenses Breakdown

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)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2478878280
30 Jun 24794-76280
31 Mar 24839-343300
31 Dec 23856-275290
30 Sep 23879-335290
30 Jun 23878-88300
31 Mar 23832-88270
31 Dec 22866-67270
30 Sep 22844-86280
30 Jun 2283836290
31 Mar 2286340290
31 Dec 2186813300
30 Sep 21823-160300
30 Jun 21786-289300
31 Mar 21715-302320
31 Dec 20759-231300
30 Sep 20831-14280
30 Jun 2090454260
31 Mar 2097495220
31 Dec 1997696230
30 Sep 1998781230
30 Jun 19997108230
31 Mar 191,016100230
31 Dec 181,02859240
30 Sep 181,04680250
30 Jun 181,04724250
31 Mar 181,04943280
31 Dec 171,044145280
30 Sep 171,060150260
30 Jun 171,066146280
31 Mar 171,080165280
31 Dec 161,085516280
30 Sep 161,131893300
30 Jun 161,204913300
31 Mar 161,261882300
31 Dec 151,322486300
30 Sep 151,3231,500350
30 Jun 151,2671,503330
31 Mar 151,2041,504310
31 Dec 141,1601,497290
30 Sep 141,12261260
30 Jun 141,13572270
31 Mar 141,205132290
31 Dec 131,188130280

Quality Earnings: MAC has a large one-off gain of $190.4M impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: MAC became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MAC's earnings have declined by 26.4% per year over the past 5 years.

Accelerating Growth: MAC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MAC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Retail REITs industry (4%).

Return on Equity

High ROE: MAC's Return on Equity (3.4%) is considered low.

Return on Assets

Return on Capital Employed

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