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Macerich(NYSE) MAC

Market Cap$7.33BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1994)+921%
5 Year+98%
1 Year+60%
1 Month+2%
$25.83
+1.41%
+0.36Today
After hours$25.84+$0.00 (+0.02%)
Macerich last closing stock price
MetricPriceDate
Last closeUSD 25.842026-07-31
Macerich stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+0.04%USD 25.832026-07-24
1 month+1.65%USD 25.422026-07-01
3 month+20.99%USD 21.362026-05-01
Year to date+42.21%USD 18.172025-12-31
1 year+60.02%USD 16.152025-07-31
3 year+127.08%USD 11.382023-08-01
5 year+97.85%USD 13.062021-07-30
Since inception+920.58%USD 2.501994-03-10

Macerich Financials at a Glance

Market Cap

$7.33BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$1.01B

Net Income (TTM)

-$183.38M

EPS (TTM)

-$0.32

P/E Ratio

-81.16

Dividend

$0.68

Beta (Volatility)

1.40 (Average)

Price

$25.83

Volume

3,625,355.69

Open

$25.77

Previous Close

$25.84

Daily Range

$25.26 - $25.85

52-Week Range

$16.03 - $26.68

Estimated Earnings Date

Aug 4, 2026

MAC News

BuyAlert-Red.png

What's Behind This New $4 Million Bet on a Beaten-Down Mall Owner Lagging the Broader Market?

Jonathan PoncianoJan 16, 2026
Real Estate-Retail-Women Holding Shopping Bags

This High-Yield REIT Is a Screaming Buy

Adam Levine-WeinbergJul 20, 2023
23_05_29 Rising stacks of coins with blocks atop spelling out DEBT _MF Dload

Leverage Is a Lead Weight On This High-Yielder's Recovery

Reuben Gregg BrewerJun 2, 2023
22_06_30 People walking with shopping bags walking in a mall _GettyImages-1004801546

Why Is Macerich's Dividend So High?

Reuben Gregg BrewerApr 17, 2023
22_06_30 People walking with shopping bags walking in a mall _GettyImages-1004801546

Why Is Macerich's Dividend So High?

Reuben Gregg BrewerFeb 10, 2023
Shopping Mall customer

Why Is Macerich's Dividend Yield So High?

Brent Nyitray, CFAJan 2, 2023
22_06_30 People walking with shopping bags walking in a mall _GettyImages-1004801546

Here's Why Macerich Can Keep Raising Its Dividend

Reuben Gregg BrewerDec 10, 2022
Real Estate-REIT-Macerich-Broadway Plaza Pinstripes-MAC

Macerich Earnings: Another Strong Quarter

Adam Levine-WeinbergAug 2, 2022
Page 1

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About Macerich

Macerich manages and leases large shopping centers in the United States. It helps major retailers reach customers in busy cities like New York and Chicago. The company focuses on making its malls attractive places for people to shop and eat.

Inside the Macerich Portfolio

  • Regional Retail Centers: Large enclosed malls that usually feature two or more department stores and numerous smaller shops; accounted for 73% of total rents from smaller stores and 27% from large retailers in 2025.
  • Community Shopping Centers: Open-air centers designed for local neighborhood needs, often featuring supermarkets or discount stores.
  • Power Centers: Retail hubs that house several large-format stores, known as big-box retailers, serving specific regional markets.

Recent Real Estate Moves

  • Acquired Crabtree Mall in Raleigh, North Carolina, for $290 million on June 23, 2025.
  • Sold Lakewood Center in California for $332 million on August 18, 2025, which included the buyer taking over the property debt.
  • Consolidated ownership in several key assets during 2024, including Washington Square and Los Cerritos Center.
  • Launched a redevelopment project at Green Acres Mall in New York to add new exterior shops and a grocery store.

What Makes Macerich Different

Macerich concentrates on properties in densely populated markets where consumer demand is high. It handles every part of the business in-house, from construction and leasing to legal work and marketing.

The Financial Picture

  • Revenue was $263 million in Q4 2025, down 3.9% from Q4 2024.
  • Net income improved to a loss of $18.8 million in Q4 2025, compared to a loss of $211.2 million in Q4 2024.
  • Operating cash flow reached $50.2 million in Q4 2025, down 8.5% year-over-year.
  • The company raised $53.9 million in 2025 by selling 3.1 million shares of common stock.

The Path Forward

Macerich is shifting its focus to a core group of top-performing malls while selling off smaller assets and land. This strategy aims to reduce debt and improve the quality of its retail portfolio.

AI Generated • Apr 23, 2026

Industry

Retail REITs

Sector

Real Estate

Employees

598

CEO

Jackson Hsieh

Website

www.macerich.com

Headquarters

Santa Monica, CA 90401, US

MAC Financials

Key Financial Metrics (TTM)

Gross Margin

21.07%

Operating Margin

16.54%

Net Income Margin

-18.18%

Return on Equity

-7.35%

Return on Capital

2.19%

Return on Assets

-2.24%

Earnings Yield

-1.23%

Dividend Yield

2.63%

Payout Ratio

-1.25%

Stock Overview

Market Cap

$7.33BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

283.56M

Volume

3.63M

Avg. Volume

3.46M

Financials (TTM)

Gross Profit

$212.56M

Operating Income

$166.87M

EBITDA

$396.81M

Operating Cash Flow

$348.72M

Capital Expenditure

-$54.08M

Free Cash Flow

$294.65M

Cash & ST Invst.

$51.13M

Total Debt

$5.06B

Macerich Performance Analysis

Macerich annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 858,508,0002.1%
20232023-12-31USD 881,369,0002.7%
20242024-12-31USD 924,357,0004.9%
20252025-12-31USD 1,018,616,00010.2%
Macerich sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-300.2%
Q32025-09-301.4%
Q42025-12-313.9%
Q12026-03-31-7.7%
Macerich annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -0.3510.3%
20232023-12-31USD -0.6587.7%
20242024-12-31USD -1.0561.9%
20252025-12-31USD -0.29-72.2%
Macerich sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3020.0%
Q32025-09-30-112.5%
Q42025-12-3179.4%
Q12026-03-31-100.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$242.75M

-2.6%

Gross Profit

-$42.85M

-132.4%

Gross Margin

-17.65%

N/A

Market Cap

$7.33BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$12.25M

N/A

Employees

598

N/A

Net Income

-$36.35M

+27.5%

EBITDA

$104.20M

-7.2%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$51.13M

-79.8%

Total Debt

$5.06B

-4.6%

Accounts Receivable

$53.45M

-59.0%

Inventory

$0.00

N/A

Long Term Debt

$4.26B

-19.7%

Short Term Debt

$799.83M

N/A

Return on Assets

-2.24%

N/A

Return on Invested Capital

2.26%

N/A

Free Cash Flow

$35.52M

-59.9%

Operating Cash Flow

$94.49M

+6.8%

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Questions About MAC

What is the current price of Macerich?

Macerich is trading at $25.84 per share.

What is the 52-week range for Macerich?

Over the past 52 weeks, Macerich has traded between $16.03 and $26.68.

How much debt does Macerich have?

As of the most recent reporting period, Macerich reported total debt of $5.06B.

How much cash does Macerich have on hand?

Macerich reported $270.76M in cash and cash equivalents in its most recent financial results.

What is Macerich’s dividend yield?

Macerich currently has a dividend yield of 2.63%.

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