MAC - Macerich Co-The Stock Price, Fair Value and News

15.54USD-0.53 (-3.30%)Market Closed

Market Summary

USD15.54-0.53

Market Closed

-3.30%

MAC Alerts

5 major insider buys recently.

Big fall in earnings (Y/Y)
Losses in recent quarter

MAC Stock Price

View Fullscreen

MAC RSI Chart

MAC Valuation

Market Cap

3.4B

Price/Earnings (Trailing)

-9.8

Price/Sales (Trailing)

3.82

Price/Free Cashflow

12.15

MAC Price/Sales (Trailing)

MAC Profitability

Return on Equity

-14.5%

Return on Assets

-4.65%

Free Cashflow Yield

8.23%

MAC Fundamentals

MAC Revenue

Revenue (TTM)

878.0M

Rev. Growth (Yr)

-2.83%

Rev. Growth (Qtr)

-12.53%

MAC Earnings

Earnings (TTM)

-342.2M

Earnings Growth (Yr)

-116.09%

Earnings Growth (Qtr)

-304.11%

Breaking Down MAC Revenue

Last 7 days

1.7%

Last 30 days

1.1%

Last 90 days

-9.8%

Trailing 12 Months

67.1%

How does MAC drawdown profile look like?

MAC Financial Health

MAC Investor Care

Dividend Yield

4.38%

Dividend/Share (TTM)

0.68

Shares Dilution (1Y)

0.30%

Diluted EPS (TTM)

-1.6

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	878.0M	0	0	0
2023	857.9M	866.2M	873.6M	884.1M
2022	873.2M	861.8M	860.3M	859.2M
2021	749.5M	786.4M	812.7M	847.4M
2020	927.9M	878.5M	833.2M	786.0M
2019	950.1M	943.6M	932.5M	927.5M
2018	983.4M	970.5M	970.2M	960.4M
2017	1.0B	1.0B	1.0B	993.7M
2016	1.2B	1.2B	1.1B	1.0B
2015	1.2B	1.2B	1.3B	1.3B
2014	1.1B	1.1B	1.1B	1.1B
2013	853.4M	914.2M	976.5M	1.0B
2012	770.6M	774.3M	776.8M	797.5M
2011	756.3M	756.4M	760.2M	768.4M
2010	769.4M	748.5M	740.2M	753.1M
2009	0	848.5M	820.8M	793.0M
2008	0	0	0	876.2M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Macerich Co-The

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 10, 2024	volk kenneth	bought	77,025	15.405	5,000	evp, business development
May 09, 2024	kingsmore scott w	bought	96,360	16.06	6,000	chief financial officer
May 08, 2024	menard ann c	bought	74,945	15.405	4,865	chief legal officer/secretary
May 07, 2024	healey doug j	bought	114,000	15.2	7,500	senior evp, head of leasing
May 06, 2024	hsieh jackson	bought	1,996,820	14.263	140,000	president and ceo
Mar 28, 2024	coppola edward c	sold	-1,289,250	17.19	-75,000	-
Mar 27, 2024	coppola edward c	sold	-340,200	17.01	-20,000	-
Mar 20, 2024	o hern thomas e	sold	-1,609,300	16.94	-95,000	-
Mar 14, 2024	o hern thomas e	sold	-130,530	16.39	-7,964	-
Feb 20, 2024	coppola edward c	sold	-860,045	17.2009	-50,000	president

Which funds bought or sold MAC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	reduced	-91.99	-3,032,380	297,924	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-4.94	215,486	3,722,520	-%
May 16, 2024	Pineridge Advisors LLC	sold off	-100	-46.00	-	-%
May 15, 2024	Land & Buildings Investment Management, LLC	new	-	16,747,000	16,747,000	3.67%
May 15, 2024	Anchor Investment Management, LLC	unchanged	-	4,626	44,281	-%
May 15, 2024	Plancorp, LLC	added	0.18	74,662	703,754	0.03%
May 15, 2024	WEXFORD CAPITAL LP	new	-	387,658	387,658	0.08%
May 15, 2024	Point72 Asset Management, L.P.	added	35.41	4,160,350	12,284,600	0.03%
May 15, 2024	Steward Partners Investment Advisory, LLC	unchanged	-	450	4,308	-%
May 15, 2024	CAPTRUST FINANCIAL ADVISORS	sold off	-100	-340,966	-	-%

Are Funds Buying or Selling MAC?

Are funds buying MAC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MAC

No. of Funds

Unveiling Macerich Co-The's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	16.00%	34,478,278	SC 13G/A
Jan 30, 2024	smead capital management, inc.	9.5%	0	SC 13G/A
Jan 29, 2024	state street corp	6.68%	14,387,092	SC 13G/A
Jan 19, 2024	blackrock inc.	19.0%	40,884,477	SC 13G/A
Feb 09, 2023	vanguard group inc	15.01%	32,248,130	SC 13G/A
Feb 08, 2023	state street corp	6.21%	13,342,953	SC 13G/A
Feb 06, 2023	smead capital management, inc.	9.9%	0	SC 13G
Jan 26, 2023	blackrock inc.	14.3%	30,685,317	SC 13G/A
Jan 20, 2023	blackrock inc.	14.3%	30,685,317	SC 13G/A
Feb 11, 2022	state street corp	5.36%	11,421,422	SC 13G/A

Recent SEC filings of Macerich Co-The

View All Filings

Date Filed	Form Type	Document
May 10, 2024	4	Insider Trading
May 09, 2024	10-Q	Quarterly Report
May 09, 2024	4	Insider Trading
May 08, 2024	4	Insider Trading
May 08, 2024	4	Insider Trading
May 06, 2024	4	Insider Trading
May 02, 2024	4	Insider Trading
Apr 30, 2024	8-K	Current Report
Apr 26, 2024	4	Insider Trading
Apr 26, 2024	4	Insider Trading

Peers (Alternatives to Macerich Co-The)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	90.9B	11.2B	13.13%	1.87%	46.04	8.11	3.63%	50.79%
CCI	44.7B	6.8B	10.57%	-9.74%	32.06	6.53	-2.39%	-16.60%
AVB	28.3B	2.8B	9.91%	13.04%	29.6	10.08	5.72%	-6.47%
ARE	21.7B	3.0B	6.63%	6.21%	110.61	7.35	10.44%	-73.79%
AMH	13.5B	-	6.12%	9.11%	31.9	8.3	8.93%	11.87%
REG	11.3B	1.4B	6.30%	4.57%	30.12	8.22	10.48%	-2.93%
BXP	9.9B	3.3B	9.08%	28.09%	51.64	3	4.82%	-75.15%
MID-CAP
FRT	8.5B	1.2B	5.40%	14.57%	35.59	7.38	5.48%	-38.69%
SLG	3.4B	892.3M	6.62%	140.10%	-6.71	3.85	-5.33%	-307.54%
MAC	3.4B	878.0M	1.11%	67.10%	-9.8	3.82	2.35%	-290.60%
SMALL-CAP
AAT	1.4B	444.1M	12.17%	21.82%	20.36	3.15	3.54%	8.91%
AIV	1.2B	198.2M	6.70%	-0.84%	-7.55	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	7.51%	2.13%	36.77	1.73	27.93%	140.31%
NYMT	572.0M	285.4M	-8.06%	-36.92%	-4.15	2	11.05%	83.70%
IVR	459.4M	277.2M	15.74%	-12.95%	-56.03	1.66	25.89%	94.64%

Macerich Co-The News

Latest updates

Macerich Co-The Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-12.5%	209	239	218	212	215	228	211	204	216	229	212	215	190	195	186	179	227	242	231	228	227
Costs and Expenses	20.3%	232	193	232	230	217	237	232	228	229	235	216	229	237	187	207	189	191	230	195	212	223
S&GA Expenses	-100.0%	-	8.00	6.00	9.00	7.00	7.00	7.00	6.00	7.00	8.00	8.00	7.00	8.00	8.00	8.00	8.00	7.00	6.00	5.00	5.00	7.00
Interest Expenses	19.5%	-52.19	-64.84	-53.38	-54.70	39.00	-111	-52.63	-53.19	52.00	-341	40.00	55.00	54.00	10.00	37.00	20.00	8.00	48.00	15.00	37.00	38.00
Income Taxes	-86.9%	-1.22	-0.65	2.00	0.00	-1.88	-0.26	-0.17	-0.67	2.00	-2.50	0.00	7.00	2.00	0.00	1.00	-1.52	-0.27	-0.11	1.00	1.00	0.00
Net Income	-304.1%	-126	62.00	-262	-14.96	-58.73	2.00	-15.19	-15.38	-37.18	-17.07	107	-11.76	-63.60	-190	-22.19	-26.73	9.00	27.00	46.00	16.00	8.00
Net Income Margin	-25.7%	-0.39*	-0.31*	-0.38*	-0.10*	-0.10*	-0.08*	-0.10*	0.04*	0.05*	0.02*	-0.20*	-0.37*	-	-	-	-	-	-	-	-	-
Free Cashflow	23.7%	61.00	49.00	107	58.00	81.00	53.00	170	50.00	65.00	75.00	99.00	61.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-2.0%	7,363	7,514	7,588	7,895	7,918	8,094	8,069	8,114	8,210	8,346	8,412	8,643	9,670	9,184	9,183	9,228	9,300	8,854	8,776	8,944	9,003
Cash Equivalents	26.5%	120	95.00	112	92.00	112	100	110	106	128	112	118	194	1,084	465	528	498	652	100	98.00	105	111
Liabilities	0.3%	5,002	4,986	5,090	5,086	5,062	5,145	5,091	5,058	5,106	5,170	5,177	5,517	6,672	6,739	6,535	6,540	6,575	6,023	5,868	5,975	5,918
Shareholder's Equity	-3.5%	2,361	2,447	2,432	2,809	2,855	2,866	2,978	3,056	3,104	3,176	3,235	3,127	2,997	2,445	2,649	2,689	2,724	2,831	2,908	2,969	3,085
Retained Earnings	-5.3%	-3,227	-3,063	-3,089	-2,790	-2,738	-2,643	-2,608	-2,560	-2,513	-2,443	-2,394	-2,469	-2,426	-2,339	-2,126	-2,082	-2,042	-1,944	-1,864	-1,805	-1,714
Additional Paid-In Capital	0.1%	5,513	5,510	5,519	5,518	5,512	5,506	5,505	5,500	5,494	5,488	5,467	5,438	5,264	4,603	4,600	4,597	4,591	4,584	4,582	4,579	4,575
Shares Outstanding	0.1%	216	216	216	216	215	215	215	215	215	198	193	182	-	-	-	-	-	-	-	-	-
Minority Interest	-8.8%	73.00	81.00	66.00	78.00	80.00	84.00	79.00	115	121	129	160	158	163	188	184	186	190	199	201	205	231
Float	-	-	-	-	2,400	-	-	-	1,900	-	-	-	3,800	-	-	-	1,300	-	-	-	4,700	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	23.7%	61,095	49,383	107,398	57,991	80,730	52,522	169,566	49,978	65,444	74,735	98,606	60,808	52,219	59,710	80,509	-65,082	49,700	83,180	106,899	66,238	98,840
Share Based Compensation	19.4%	2,730	2,286	1,015	4,970	4,895	4,218	4,268	4,283	4,869	3,405	3,408	3,430	4,030	2,853	3,497	3,269	4,224	2,277	2,322	1,914	5,519
Cashflow From Investing	-233.4%	-26,977	20,226	-26,602	-59,248	118,165	-48,052	-4,467	4,163	46,954	-21,156	151,183	31,202	73,739	-80,050	-13,707	-67,682	-41,409	-128,601	39,462	-21,665	-1,222
Cashflow From Financing	100.8%	667	-87,449	-57,465	-19,633	-174,341	11,694	-158,568	-79,874	-95,192	-59,718	-340,005	-979,752	542,451	-38,802	-32,665	-22,679	540,600	52,369	-187,521	-50,220	-92,844
Dividend Payments	0.1%	39,201	39,157	38,988	39,333	41,812	39,531	70,084	35,399	41,314	38,933	35,972	41,872	26,670	24,675	24,650	15,865	114,672	115,158	114,823	130,157	114,396

Get Full Access to Grufity – and Unlimited Downloads

Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.

Try For Just $1.99

MAC Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Leasing revenue	$ 191,652	$ 199,045
Total revenues	208,783	214,854
Expenses:
Leasing expenses	10,522	9,656
REIT general and administrative expenses	7,643	6,980
Depreciation and amortization	68,351	71,453
Total expenses before interest	179,902	177,476
Interest expense (income):
Interest expense	52,190	39,423
Total expenses	232,092	216,899
Equity in loss of unconsolidated joint ventures	(73,276)	(61,810)
Income tax benefit	1,224	1,882
(Loss) gain on sale or write down of assets, net	(36,085)	3,779
Net loss	(131,446)	(58,194)
Less: net (loss) income attributable to noncontrolling interests	(4,718)	539
Net loss attributable to the Company	$ (126,728)	$ (58,733)
Loss per common share—attributable to common stockholders:
Basic (in dollars per share)	$ (0.59)	$ (0.27)
Diluted (in dollars per share)	$ (0.59)	$ (0.27)
Weighted average number of common shares outstanding:
Basic (in shares)	216,036	215,291
Diluted (in shares)	216,036	215,291
Related parties
Revenues:
Revenue	$ 7,020	$ 6,259
Interest expense (income):
Interest expense	4,439	(9,407)
Nonrelated Party
Interest expense (income):
Interest expense	47,751	48,830
Other
Revenues:
Revenue	8,902	9,054
Management Companies
Revenues:
Revenue	8,229	6,755
Expenses:
Shopping center and operating expenses	19,199	18,900
Management Companies \| Related parties
Revenues:
Revenue	4,448	4,220
Shopping center and operating expenses
Expenses:
Shopping center and operating expenses	$ 74,187	$ 70,487

MAC Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS:
Property, net	$ 5,838,822	$ 5,900,489
Cash and cash equivalents	120,054	94,936
Restricted cash	105,025	95,358
Tenant and other receivables, net	142,098	183,478
Right-of-use assets, net	116,567	118,664
Deferred charges and other assets, net	249,583	263,068
Investments in unconsolidated joint ventures	785,588	852,764
Total assets	7,363,073	7,513,512
LIABILITIES AND EQUITY:
Mortgage notes payable	4,098,705	4,136,136
Bank and other notes payable	170,494	89,548
Accounts payable and accrued expenses	60,576	64,194
Lease liabilities	81,713	83,989
Other accrued liabilities	301,645	334,742
Distributions in excess of investments in unconsolidated joint ventures	183,870	174,786
Financing arrangement obligation	105,455	102,516
Total liabilities	5,002,458	4,985,911
Commitments and contingencies
Stockholders' equity:
Common stock, $0.01 par value, 500,000,000 shares authorized at March 31, 2024 and December 31, 2023, and 216,091,693 and 215,976,614 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	2,159	2,158
Additional paid-in capital	5,512,628	5,509,603
Accumulated deficit	(3,227,312)	(3,063,789)
Accumulated other comprehensive loss	(337)	(952)
Total stockholders' equity	2,287,138	2,447,020
Noncontrolling interests	73,477	80,581
Total equity	2,360,615	2,527,601
Total liabilities and partners' capital	7,363,073	7,513,512
Related parties
ASSETS:
Due from affiliates	$ 5,336	$ 4,755

About Macerich Co-The

Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 47 million square feet of real estate consisting primarily of interests in 44 regional town centers. Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for eight consecutive years (2015-2022).

CEO	Mr. Thomas E. O'Hern CPA
WEBSITE	macerich.com
INDUSTRY	REIT Mortgage
EMPLOYEES	650

Macerich Co-The Frequently Asked Questions

What is the ticker symbol for Macerich Co-The? What does MAC stand for in stocks?

MAC is the stock ticker symbol of Macerich Co-The. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Macerich Co-The (MAC)?

As of Fri May 17 2024, market cap of Macerich Co-The is 3.35 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MAC stock?

You can check MAC's fair value in chart for subscribers.

What is the fair value of MAC stock?

You can check MAC's fair value in chart for subscribers. The fair value of Macerich Co-The is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Macerich Co-The is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MAC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Macerich Co-The a good stock to buy?

The fair value guage provides a quick view whether MAC is over valued or under valued. Whether Macerich Co-The is cheap or expensive depends on the assumptions which impact Macerich Co-The's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MAC.

What is Macerich Co-The's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, MAC's PE ratio (Price to Earnings) is -9.8 and Price to Sales (PS) ratio is 3.82. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MAC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Macerich Co-The's stock?

In the past 10 years, Macerich Co-The has provided -0.088 (multiply by 100 for percentage) rate of return.