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MAC

12.52USD-0.04(-0.32%)Market Closed

Macerich Co

Market Summary

USD12.52-0.04Market Closed
-0.32%

MAC Alerts

MAC Stock Price

RSI Chart

Valuation

Market Cap

2.4B

Price/Earnings

63.8

Price/Sales

2.74

Price/Cashflow

8.19

Price/Sales

Profitability

Return on Equity

1.26%

Return on Assets

0.46%

Fundamentals

Revenue

Revenue (TTM)

860.3M

Revenue Y/Y

-0.68%

Revenue Q/Q

3.24%

Earnings

Earnings (TTM)

-84.8M

Earnings Y/Y

-114.24%

Earnings Q/Q

1.24%

Price Action

52 Week Range

7.3018.58
(Low)(High)

Last 7 days

-5.0%

Last 30 days

11.5%

Last 90 days

34.9%

Trailing 12 Months

-28.9%

Financial Health

Debt/Equity

1.48

Debt/Cashflow

0.07

Investor Care

Dividend Yield

5.45%

Dividend/Share (TTM)

0.6

Shares Dilution (1Y)

0.82%

Diluted EPS (TTM)

-0.4

Peers (Alternatives to Macerich)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
54.7B
4.0B
4.52% -6.45%
24.01
14.3
23.61% 170.44%
36.1B
5.2B
6.93% -18.34%
14.04
7.05
10.93% 41.97%
29.1B
4.6B
17.64% -31.38%
21.77
6.46
4.35% 106.20%
23.9B
2.5B
7.68% -22.22%
44.1
9.58
24.72% -42.18%
23.7B
2.7B
3.65% -22.62%
20.74
8.86
10.21% 8.14%
13.1B
1.7B
8.55% 0.13%
50.71
7.62
41.60% -73.28%
MID-CAP
7.3B
1.0B
10.36% -10.60%
26.1
7.17
16.50% 74.49%
4.6B
392.5M
9.12% -36.63%
22.95
13.26
-74.80% 441.99%
4.3B
760.3M
15.26% 15.23%
-39.09
6.74
172.75% -1136.68%
2.5B
796.4M
6.39% -39.17%
8.02
3.21
-9.94% -109.68%
2.4B
860.3M
11.48% -28.89%
63.8
2.74
5.87% 46.68%
2.1B
-
0.33% 22.89%
32.23
11.01
- -
SMALL-CAP
1.9B
432.4M
9.20% 0.38%
23.11
4.36
3.91% 1705.32%
1.5B
740.6M
-3.48% -25.18%
538.82
1.96
2.16% 107.41%
1.2B
-
10.74% 8.70%
5
3.44
120.87% 1462.96%

Financials for Macerich

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-0.2%860862873847813
  S&GA Expenses-2.9%2829293030
Net Income-328.9%-84.83374114-159.08
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-0.6%8,0698,1148,2108,3468,412
    Cash Equivalents3.4%110106128112118
Liabilities0.6%5,0915,0585,1065,1705,177
  Long Term Debt-2.3%4,2604,3614,4154,4244,433
Shareholder's Equity-1.4%2,8992,9412,9833,0473,075
  Retained Earnings-1.9%-2,608.24-2,560.79-2,513.18-2,443.70-2,394.63
  Additional Paid-In Capital0.1%5,5055,5005,4945,4885,467
Shares Outstanding0.0%215215215215213
Minority Interest-31.3%79115121129160
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations24.6%360289300286271
  Share Based Compensation5.8%1918171416
Cashflow From Investing-85.9%25181208235176
Cashflow From Financing31.6%-393.35-574.79-1,474.67-837.02-816.11
  Dividend Payments22.5%186152158143129

Risks

What is the probability of a big loss on MAC?

86.5%


Probability that Macerich stock will be more than 20% underwater in next one year

58.1%


Probability that Macerich stock will be more than 30% underwater in next one year.

44.6%


Probability that Macerich stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MAC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Macerich was unfortunately bought at previous high price.

Returns

Cumulative Returns on MAC

-9.1%


10-Year Cumulative Returns

-18.6%


7-Year Cumulative Returns

-23.2%


5-Year Cumulative Returns

-17.4%


3-Year Cumulative Returns

What are the long-term rolling returns for MAC?

FIve years rolling returns for Macerich.

Which funds bought or sold MAC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
279,000
279,000
-%
2022-11-21
Parallax Volatility Advisers, L.P.
REDUCED
-35.98
-60,000
84,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-1.32
-241,000
2,161,000
-%
2022-11-17
M&T Bank Corp
UNCHANGED
-
-14,000
144,000
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
NEW
-
158,000
158,000
-%
2022-11-16
Washington Trust Bank
ADDED
29.17
23,000
158,000
0.02%
2022-11-16
Retirement Systems of Alabama
REDUCED
-0.56
-230,000
2,233,000
0.01%
2022-11-16
Neo Ivy Capital Management
SOLD OFF
-100
-70,000
-
-%
2022-11-15
NOMURA HOLDINGS INC
SOLD OFF
-100
-884,000
-
-%
2022-11-15
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
REDUCED
-6.09
-450,000
2,673,000
0.01%

1–10 of 42

Latest Funds Activity

Are funds buying MAC calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own MAC

Macerich News

Best Stocks

Mizuho has raised the price target on Macerich (NYSE:MAC) to $11.00..21 hours ago

MAC Fair Value

Recent SEC filings of Macerich

View All Filings
Date Filed Form Type Document
Nov 07, 2022
10-Q
Quarterly Report
Nov 03, 2022
8-K
Current Report
Nov 02, 2022
4
Insider Trading
Oct 31, 2022
8-K
Current Report
Sep 26, 2022
4
Insider Trading
Sep 26, 2022
4
Insider Trading
Sep 26, 2022
4
Insider Trading
Sep 26, 2022
4
Insider Trading
Sep 20, 2022
4
Insider Trading
Sep 20, 2022
4
Insider Trading

Latest Insider Trading transactions for MAC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-29
Zecchini Christopher J
SOLD
-25,302
12.651
-2,000
Chief Accounting Officer
2022-09-26
Volk Kenneth
BOUGHT
75,750
7.575
10,000
EVP, Business Development
2022-09-26
Kingsmore Scott W
BOUGHT
30,180
7.545
4,000
Chief Financial Officer
2022-09-23
O HERN THOMAS E
BOUGHT
99,560.1
7.766
12,820
Chief Executive Officer
2022-09-23
COPPOLA EDWARD C
BOUGHT
399,000
7.98
50,000
President
2022-09-20
Zecchini Christopher J
SOLD
-17,484
8.742
-2,000
Chief Accounting Officer
2022-09-19
Menard Ann C
BOUGHT
24,994.6
8.9362
2,797
Chief Legal Officer/Secretary
2022-09-19
Healey Doug J
BOUGHT
24,976
8.92
2,800
Senior EVP, Head of Leasing
2022-09-19
O HERN THOMAS E
BOUGHT
99,833.4
8.994
11,100
Chief Executive Officer
2022-09-16
O HERN THOMAS E
BOUGHT
99,589.2
8.972
11,100
Chief Executive Officer

1–10 of 50

Thomas E. O'Hern
640
Macerich is a fully integrated, self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the West Coast, Arizona, Chicago and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for five straight years (2015 – 2019).

MAC Income Statement

2022-09-30
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:    
Leasing revenue$ 195,594$ 197,135$ 587,596$ 573,657
Total revenues210,704212,137630,939618,034
Expenses:    
Leasing expenses8,7046,20024,46318,003
REIT general and administrative expenses6,7797,59920,08222,365
Depreciation and amortization72,73975,465218,053231,491
Total expenses before interest179,469174,561531,182530,830
Interest expense (income):    
Related parties6,473(7,708)23,368(3,435)
Other46,15748,044134,312152,581
Interest expense52,63040,336157,680149,146
Loss on extinguishment of debt  01,007
Total expenses232,099215,904688,862680,983
Equity in income (loss) of unconsolidated joint ventures6,322(1,733)(16,422)20,212
Income tax benefit (expense)166(107)(963)(9,452)
Gain on sale or write down of assets, net1,405118,5666,76793,356
Net (loss) income(13,502)112,959(68,541)41,167
Less: net income (loss) attributable to noncontrolling interests1,6916,257(784)9,834
Net (loss) income attributable to the Company$ (15,193)$ 106,702$ (67,757)$ 31,333
(Loss) income per common share—attributable to common stockholders:    
Basic (in dollars per share)$ (0.07)$ 0.50$ (0.32)$ 0.16
Diluted (in dollars per share)$ (0.07)$ 0.50$ (0.32)$ 0.16
Weighted average number of common shares outstanding:    
Basic (in shares)215,134213,214214,982192,717
Diluted (in shares)215,134213,214214,982192,717
Other    
Revenues:    
Revenue$ 7,503$ 8,215$ 21,911$ 25,391
Management Companies    
Revenues:    
Revenue7,6076,78721,43218,986
Expenses:    
Shopping center and operating expenses16,55314,60151,24244,465
Shopping center and operating expenses    
Expenses:    
Shopping center and operating expenses$ 74,694$ 70,696$ 217,342$ 214,506

MAC Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS:  
Property, net$ 6,164,795$ 6,284,206
Cash and cash equivalents109,991112,454
Restricted cash54,98454,517
Tenant and other receivables, net170,353211,361
Right-of-use assets, net129,025110,638
Deferred charges and other assets, net226,341254,908
Due from affiliates9,1680
Investments in unconsolidated joint ventures1,204,1531,317,571
Total assets8,068,8108,345,655
LIABILITIES AND EQUITY:  
Mortgage notes payable4,259,5034,423,554
Bank and other notes payable91,541104,811
Accounts payable and accrued expenses65,92959,228
Due to affiliates0327
Lease liabilities97,67980,711
Other accrued liabilities315,393254,279
Distributions in excess of investments in unconsolidated joint ventures126,795127,608
Financing arrangement obligation133,825118,988
Total liabilities5,090,6655,169,506
Commitments and contingencies
Stockholders' equity:  
Common stock, $0.01 par value, 500,000,000 shares authorized at September 30, 2022 and December 31, 2021, and 215,146,141 and 214,797,057 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively2,1502,147
Additional paid-in capital5,505,3075,488,440
Accumulated deficit(2,608,239)(2,443,696)
Accumulated other comprehensive income (loss)13(24)
Total stockholders' equity2,899,2313,046,867
Noncontrolling interests78,914129,282
Total equity2,978,1453,176,149
Total liabilities and equity$ 8,068,810$ 8,345,655