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

16.07USD-0.15 (-0.92%)Market Closed

Market Summary

MAC
USD16.07-0.15
Market Closed
-0.92%

MAC Alerts

  • 2 major insider sales recently.

MAC Stock Price

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MAC RSI Chart

MAC Valuation

Market Cap

3.5B

Price/Earnings (Trailing)

-12.65

Price/Sales (Trailing)

3.92

Price/Free Cashflow

11.73

MAC Price/Sales (Trailing)

MAC Profitability

Return on Equity

-11.2%

Return on Assets

-3.65%

Free Cashflow Yield

8.52%

MAC Fundamentals

MAC Revenue

Revenue (TTM)

884.1M

Rev. Growth (Yr)

4.58%

Rev. Growth (Qtr)

9.41%

MAC Earnings

Earnings (TTM)

-274.1M

Earnings Growth (Yr)

3.6K%

Earnings Growth (Qtr)

123.68%

Breaking Down MAC Revenue

Last 7 days

-0.2%

Last 30 days

-1.9%

Last 90 days

2.4%

Trailing 12 Months

64.1%

How does MAC drawdown profile look like?

MAC Financial Health

MAC Investor Care

Dividend Yield

4.23%

Dividend/Share (TTM)

0.68

Shares Dilution (1Y)

0.32%

Diluted EPS (TTM)

-1.28

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023857.9M866.2M873.6M884.1M
2022873.2M861.8M860.3M859.2M
2021749.5M786.4M812.7M847.4M
2020927.9M878.5M833.2M786.0M
2019950.1M943.6M932.5M927.5M
2018983.4M970.5M970.2M960.4M
20171.0B1.0B1.0B993.7M
20161.2B1.2B1.1B1.0B
20151.2B1.2B1.3B1.3B
20141.1B1.1B1.1B1.1B
2013853.4M914.2M976.5M1.0B
2012770.6M774.3M776.8M797.5M
2011756.3M756.4M760.2M768.4M
2010769.4M748.5M740.2M753.1M
20090848.5M820.8M793.0M
2008000876.2M

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

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
Jan 18, 2024
zecchini christopher j
acquired
-
-
2,541
chief accounting officer
May 31, 2023
brandt eric
acquired
-
-
14,004
-
May 31, 2023
hash steve
acquired
-
-
20,487
-
May 31, 2023
stephen andrea m
acquired
-
-
14,004
-
May 31, 2023
hirsch daniel j.
acquired
-
-
14,004
-

1–10 of 50

Which funds bought or sold MAC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 11, 2024
OPTIMUM INVESTMENT ADVISORS
unchanged
-
270
2,585
-%
Apr 11, 2024
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC
reduced
-4.91
11,267
335,769
0.04%
Apr 11, 2024
Independent Wealth Network Inc.
sold off
-100
-170,718
-
-%
Apr 11, 2024
Fortitude Family Office, LLC
new
-
551
551
-%
Apr 09, 2024
Rise Advisors, LLC
new
-
11,062
11,062
0.01%
Apr 09, 2024
MASSMUTUAL TRUST CO FSB/ADV
unchanged
-
88.00
844
-%
Apr 09, 2024
Monterey Private Wealth, Inc.
unchanged
-
51,192
490,021
0.20%
Apr 08, 2024
Pensionfund Sabic
unchanged
-
16,000
150,000
0.04%
Apr 08, 2024
TOMPKINS FINANCIAL CORP
unchanged
-
12,681
121,385
0.01%
Apr 05, 2024
NBC SECURITIES, INC.
sold off
-100
-9,000
-
-%

1–10 of 45

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 FiledName of FilerPercent of ClassNo. of SharesForm 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
Mar 29, 2024
4
Insider Trading
Mar 26, 2024
8-K
Current Report
Mar 22, 2024
4
Insider Trading
Mar 20, 2024
144
Notice of Insider Sale Intent
Mar 18, 2024
4
Insider Trading
Mar 05, 2024
3
Insider Trading
Mar 05, 2024
4
Insider Trading
Feb 29, 2024
S-8
Employee Benefits Plan
Feb 26, 2024
10-K
Annual Report
Feb 23, 2024
8-K
Current Report

Peers (Alternatives to Macerich Co-The)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
83.5B
11.1B
-11.48% -15.03%
61.1
7.5
4.04% -19.43%
42.0B
7.0B
-12.14% -27.78%
27.97
6.02
-0.07% -10.36%
26.1B
2.8B
-1.30% 8.08%
28.11
9.43
6.73% -18.30%
20.9B
2.9B
-2.72% 1.88%
202.02
7.26
11.46% -80.13%
12.9B
1.6B
-3.53% 8.82%
29.78
8.01
7.80% 39.39%
10.8B
1.3B
-3.51% -2.52%
29.61
8.16
8.04% -24.50%
9.5B
3.3B
-5.70% 17.26%
50.01
2.91
5.31% -77.32%
MID-CAP
8.3B
1.1B
-1.43% 2.71%
34.93
7.31
5.38% -38.52%
3.5B
884.1M
-1.95% 64.15%
-12.65
3.92
2.90% -314.82%
3.3B
899.4M
0.04% 128.70%
-5.87
3.69
-0.45% -623.11%
SMALL-CAP
1.3B
441.2M
-2.21% 17.16%
19.54
2.87
4.38% 15.77%
1.2B
198.2M
6.59% 5.20%
-7.45
5.91
-43.33% -270.70%
1.1B
605.6M
-6.29% 6.24%
13.65
1.81
25.53% 134.62%
637.7M
258.7M
-4.51% -31.00%
-13.1
2.47
0.11% 83.70%
410.5M
277.9M
-9.22% -18.32%
-25.88
1.48
44.33% 96.06%

Macerich Co-The News

Latest updates
Defense World11 Apr 202409:56 am
CNN11 Mar 202402:23 pm
InvestorsObserver08 Mar 202408:00 am

Macerich Co-The Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue9.4%239218212215228211204216229212215190195186179227242231228227247
Costs and Expenses-16.8%193232230217237232228229235216229237187207189191230195212223225
  S&GA Expenses27.7%8.006.009.007.007.007.006.007.008.008.007.008.008.008.008.007.006.005.005.007.006.00
Interest Expenses-21.5%-64.84-53.38-54.7039.00-111-52.63-53.1952.00-34140.0055.0054.0010.0037.0020.008.0048.0015.0037.0038.0046.00
Income Taxes-139.2%-0.652.000.00-1.88-0.26-0.17-0.672.00-2.500.007.002.000.001.00-1.52-0.27-0.111.001.000.00-1.80
Net Income123.7%62.00-262-14.96-58.732.00-15.19-15.38-37.18-17.07107-11.76-63.60-190-22.19-26.739.0027.0046.0016.008.0012.00
Net Income Margin19.1%-0.31*-0.38*-0.10*-0.10*-0.08*-0.10*0.04*0.05*0.02*-0.20*-0.37*-0.40*---------
Free Cashflow-54.0%49.0010758.0081.0053.0017050.0065.0075.0099.0061.0052.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-1.0%7,5147,5887,8957,9188,0948,0698,1148,2108,3468,4128,6439,6709,1849,1839,2289,3008,8548,7768,9449,0039,027
    Cash Equivalents-15.1%95.0011292.001121001101061281121181941,08446552849865210098.00105111103
Liabilities-2.0%4,9865,0905,0865,0625,1455,0915,0585,1065,1705,1775,5176,6726,7396,5356,5406,5756,0235,8685,9755,9185,838
Shareholder's Equity0.6%2,4472,4322,8092,8552,8662,9783,0563,1043,1763,2353,1272,9972,4452,6492,6892,7242,8312,9082,9693,0853,188
  Retained Earnings0.8%-3,063-3,089-2,790-2,738-2,643-2,608-2,560-2,513-2,443-2,394-2,469-2,426-2,339-2,126-2,082-2,042-1,944-1,864-1,805-1,714-1,614
  Additional Paid-In Capital-0.2%5,5105,5195,5185,5125,5065,5055,5005,4945,4885,4675,4385,2644,6034,6004,5974,5914,5844,5824,5794,5754,568
Shares Outstanding0.1%216216216215215215215215198193182159---------
Minority Interest22.2%81.0066.0078.0080.0084.0079.00115121129160158163188184186190199201205231238
Float---2,400---1,900---3,800---1,300---4,700--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-54.0%49,383107,39857,99180,73052,522169,56649,97865,44474,73598,60660,80852,21959,71080,509-65,08249,70083,180106,89966,23898,84097,150
  Share Based Compensation125.2%2,2861,0154,9704,8954,2184,2684,2834,8693,4053,4083,4304,0302,8533,4973,2694,2242,2772,3221,9145,5194,723
Cashflow From Investing176.0%20,226-26,602-59,248118,165-48,052-4,4674,16346,954-21,156151,18331,20273,739-80,050-13,707-67,682-41,409-128,60139,462-21,665-1,222-79,836
Cashflow From Financing-52.2%-87,449-57,465-19,633-174,34111,694-158,568-79,874-95,192-59,718-340,005-979,752542,451-38,802-32,665-22,679540,60052,369-187,521-50,220-92,844-12,113
  Dividend Payments0.4%39,15738,98839,33341,81239,53170,08435,39941,31438,93335,97241,87226,67024,67524,65015,865114,672115,158114,823130,157114,396114,191
  Buy Backs----------------------

MAC Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:   
Leasing revenue$ 809,023$ 800,548$ 787,547
Total revenues884,068859,164847,437
Expenses:   
Leasing expense36,42332,67024,838
REIT general and administrative expenses29,23827,16430,056
Depreciation and amortization282,361291,612311,129
Total expenses before interest706,489709,129722,069
Interest (income) expense:   
Related parties172,920216,851192,679
(Gain) loss on extinguishment of debt(8,208)01,007
Total expenses871,201925,980915,755
Equity in (loss) income of unconsolidated joint ventures(156,937)(5,256)15,689
Income tax benefit (expense)494(705)(6,948)
(Loss) gain on sale or write down of assets, net(134,523)7,69875,740
Net (loss) income(278,099)(65,079)16,163
Less net (loss) income attributable to noncontrolling interests(4,034)9891,900
Net (loss) income attributable to the Company$ (274,065)$ (66,068)$ 14,263
Earnings per common share attributable to common stockholders:   
Basic (in dollars per share)$ (1.28)$ (0.31)$ 0.07
Diluted (in dollars per share)$ (1.28)$ (0.31)$ 0.07
Weighted average number of common shares outstanding:   
Basic (in shares)215,548215,031198,070
Diluted (in shares)215,548215,031198,070
Related parties   
Revenues:   
Revenues$ 27,345$ 26,236$ 23,830
Interest (income) expense:   
Related parties(24,206)34,735(3,718)
Other   
Interest (income) expense:   
Related parties197,126182,116196,397
Other   
Revenues:   
Revenues44,86030,10433,867
Management Companies   
Revenues:   
Revenues30,18528,51226,023
Expenses:   
Shopping center and operating expenses70,06067,79961,030
Management Companies | Related parties   
Revenues:   
Revenues18,14418,20817,872
Shopping center and operating expenses   
Expenses:   
Shopping center and operating expenses$ 288,407$ 289,884$ 295,016

MAC Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS:  
Property, net$ 5,900,489$ 6,127,790
Cash and cash equivalents94,936100,320
Restricted cash95,35880,819
Tenant and other receivables, net183,478183,593
Right-of-use assets, net118,664126,606
Deferred charges and other assets, net263,068247,424
Investments in unconsolidated joint ventures852,7641,224,288
Total assets7,513,5128,094,139
LIABILITIES AND EQUITY:  
Mortgage notes payable4,136,1364,240,596
Bank and other notes payable89,548163,117
Accounts payable and accrued expenses64,19463,107
Lease liabilities83,98994,911
Other accrued liabilities334,742318,745
Distributions in excess of investments in unconsolidated joint ventures174,786121,093
Financing arrangement obligation102,516143,221
Total liabilities4,985,9115,144,790
Commitments and contingencies
Stockholders' equity:  
Common stock, $0.01 par value, 500,000,000 shares authorized at December 31, 2023 and 2022, 215,976,614 and 215,241,129 shares issued and outstanding at December 31, 2023 and 2022, respectively2,1582,151
Additional paid-in capital5,509,6035,506,084
Accumulated deficit(3,063,789)(2,643,094)
Accumulated other comprehensive (loss) income(952)632
Total stockholders' equity2,447,0202,865,773
Noncontrolling interests80,58183,576
Total equity2,527,6012,949,349
Total liabilities and equity7,513,5128,094,139
Related parties  
ASSETS:  
Due from affiliates$ 4,755$ 3,299
MAC
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
 WEBSITEmacerich.com
 INDUSTRYREIT Mortgage
 EMPLOYEES650

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 Apr 12 2024, market cap of Macerich Co-The is 3.47 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 Apr 12 2024, MAC's PE ratio (Price to Earnings) is -12.65 and Price to Sales (PS) ratio is 3.92. 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 -0.084 (multiply by 100 for percentage) rate of return.