MAC
The Macerich Company
NYSEUSDEQUITY
DELAYED
Last price
24.38
▼ 0.31 (1.26%)
MARKET · —
Price
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Open
24.69
Prev close
24.69
Day high
24.78
Day low
24.32
Volume
1.38M
Market cap
—
P/E (TTM)
—
52W range
16.03 – 26.68
Trailing performance
Returnvs SPY
1W
-1.34%
+0.0%
1M
-3.64%
-7.4%
3M
+8.99%
+5.9%
6M
+20.10%
+9.0%
YTD
+32.07%
+19.8%
1Y
+41.74%
+21.7%
3Y
+104.53%
+30.4%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Free account
3 more panels on MAC open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Fundamentals
Market cap—
Enterprise value—
Revenue (TTM)—
Gross profit—
EBITDA—
Net income—
EPS (TTM)—
Free cash flow—
Total cash—
Total debt—
Book value / share—
Shares outstanding—
Float—
Short % of float—
Dividend yield—
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E—
Forward P/E—
PEG ratio—
Price / sales—
Price / book—
EV / revenue—
EV / EBITDA—
Gross margin—
Operating margin—
Profit margin—
Return on equity—
Return on assets—
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Operating revenue | $973.47M | $880.27M | $839.21M | $829.06M | +10.6% |
| Cost of revenue | $457.60M | $430.27M | $394.89M | $390.35M | +6.4% |
| Gross profit | $556.38M | $487.94M | $489.18M | $468.81M | +14.0% |
| Selling, general & admin | $31.54M | $28.14M | $29.24M | $27.16M | +12.1% |
| Total operating expense | $388.62M | $322.93M | $311.60M | $318.78M | +20.3% |
| Operating income | $167.76M | $165.01M | $177.58M | $150.03M | +1.7% |
| Net interest income | -$283.54M | -$219.99M | -$172.92M | -$216.85M | -28.9% |
| Pre-tax income | -$203.25M | -$198.97M | -$278.59M | -$64.37M | -2.2% |
| Tax provision | -$2.19M | -$1.30M | -$494.00K | $705.00K | -68.7% |
| Net income | -$197.15M | -$194.12M | -$274.06M | -$66.07M | -1.6% |
| Net income to common | -$197.92M | -$195.03M | -$274.94M | -$66.92M | -1.5% |
| Basic EPS | -0.78 | -0.88 | -1.28 | -0.31 | +11.4% |
| Diluted EPS | -0.78 | -0.88 | -1.28 | -0.31 | +11.4% |
| EBIT | $80.29M | $21.02M | -$105.67M | $152.48M | +281.9% |
| EBITDA | $448.39M | $326.90M | $190.72M | $454.96M | +37.2% |
| Basic shares | 254.22M | 221.84M | 215.55M | 215.03M | +14.6% |
| Diluted shares | 264.97M | 231.86M | 224.50M | 223.68M | +14.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $280.25M | $89.86M | $94.94M | $100.32M | +211.9% |
| Cash & short-term investments | $280.25M | $89.86M | $94.94M | $100.32M | +211.9% |
| Accounts receivable | $145.72M | $155.35M | $183.48M | $183.59M | -6.2% |
| Total current assets | $521.13M | $334.67M | $378.53M | $368.03M | +55.7% |
| Property, plant & equipment | $108.92M | $111.04M | $118.66M | $126.61M | -1.9% |
| Goodwill & intangibles | $176.39M | $211.48M | $102.30M | $73.05M | -16.6% |
| Total assets | $8.37B | $8.57B | $7.51B | $8.09B | -2.3% |
| Total current liabilities | $705.69M | $660.08M | $573.72M | $502.94M | +6.9% |
| Long-term debt | $5.07B | $4.99B | $4.23B | $4.40B | +1.5% |
| Total debt | $5.14B | $5.06B | $4.31B | $4.50B | +1.4% |
| Total liabilities | $5.84B | $5.72B | $4.99B | $5.14B | +2.0% |
| Retained earnings | -$3.78B | -$3.41B | -$3.06B | -$2.64B | -10.9% |
| Shareholder equity | $2.45B | $2.76B | $2.45B | $2.87B | -11.2% |
| Working capital | -$184.56M | -$325.41M | -$195.19M | -$134.91M | +43.3% |
| Net tangible assets | $2.27B | $2.55B | $2.34B | $2.79B | -10.7% |
| Shares issued | 256.99M | 252.93M | 215.98M | 215.24M | +1.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$201.06M | -$197.66M | -$278.10M | -$65.08M | -1.7% |
| Depreciation & amortisation | $368.10M | $305.88M | $296.39M | $302.48M | +20.3% |
| Stock-based compensation | $18.17M | $12.13M | $13.17M | $17.64M | +49.8% |
| Change in working capital | $22.35M | $18.05M | $18.30M | $60.37M | +23.8% |
| Operating cash flow | $321.60M | $283.44M | $295.50M | $337.51M | +13.5% |
| Investing cash flow | -$325.34M | $19.79M | $52.54M | -$1.40M | -1,744.0% |
| Share buybacks | — | — | -$583.00K | -$183.00K | — |
| Dividends paid | -$188.21M | -$161.29M | -$159.29M | -$186.33M | -16.7% |
| Financing cash flow | $199.22M | -$316.05M | -$338.89M | -$321.94M | +163.0% |
| Free cash flow | $321.60M | $283.44M | $295.50M | $337.51M | +13.5% |
| End cash position | $372.96M | $177.48M | $190.29M | $181.14M | +110.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $249.71M | $241.54M | $261.70M | $253.26M | $249.79M | +3.4% |
| Operating revenue | $239.03M | $232.52M | $251.60M | $242.64M | $238.66M | +2.8% |
| Cost of revenue | $115.68M | $119.44M | $117.53M | $110.56M | $112.34M | -3.2% |
| Gross profit | $134.03M | $122.09M | $144.17M | $142.70M | $137.45M | +9.8% |
| Selling, general & admin | $9.49M | $8.03M | $9.20M | $6.93M | $7.80M | +18.3% |
| Total operating expense | $95.71M | $91.10M | $94.32M | $97.83M | $96.30M | +5.1% |
| Operating income | $38.32M | $30.99M | $49.85M | $44.87M | $41.15M | +23.6% |
| Net interest income | -$66.04M | -$67.50M | -$69.84M | -$72.70M | -$71.92M | +2.2% |
| Pre-tax income | -$26.36M | -$39.53M | -$18.84M | -$90.70M | -$41.73M | +33.3% |
| Tax provision | $495.00K | -$2.64M | -$473.00K | -$710.00K | -$188.00K | +118.7% |
| Net income | -$27.07M | -$36.35M | -$18.76M | -$87.36M | -$40.91M | +25.5% |
| Net income to common | -$27.29M | -$36.56M | -$18.95M | -$87.55M | -$41.10M | +25.4% |
| Basic EPS | -0.10 | -0.14 | -0.07 | -0.34 | -0.16 | +28.6% |
| Diluted EPS | -0.10 | -0.14 | -0.07 | -0.34 | -0.16 | +28.6% |
| EBIT | $39.69M | $27.96M | -$37.62M | $44.87M | $30.19M | +41.9% |
| EBITDA | $128.92M | $113.98M | $50.08M | $138.86M | $121.39M | +13.1% |
| Basic shares | 273.71M | 258.03M | 256.62M | 254.13M | 253.09M | +6.1% |
| Diluted shares | 273.71M | 258.03M | 267.19M | 264.85M | 263.97M | +6.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $227.03M | $182.03M | $280.25M | $290.16M | $131.09M | +24.7% |
| Cash & short-term investments | $227.03M | $182.03M | $280.25M | $290.16M | $131.09M | +24.7% |
| Accounts receivable | $128.60M | $125.76M | $145.72M | $41.88M | $129.22M | +2.3% |
| Total current assets | $442.65M | $400.11M | $521.13M | $512.19M | $358.17M | +10.6% |
| Property, plant & equipment | $104.03M | $106.48M | $108.92M | $111.81M | $114.18M | -2.3% |
| Goodwill & intangibles | $191.79M | $159.27M | $176.39M | $192.48M | $210.90M | +20.4% |
| Total assets | $8.52B | $8.19B | $8.37B | $8.42B | $8.73B | +4.1% |
| Total current liabilities | $704.91M | $682.07M | $705.69M | $695.74M | $674.85M | +3.3% |
| Long-term debt | $4.85B | $4.93B | $5.07B | $5.08B | $5.32B | -1.7% |
| Total debt | $4.91B | $5.00B | $5.14B | $5.15B | $5.39B | -1.7% |
| Total liabilities | $5.62B | $5.68B | $5.84B | $5.84B | $6.07B | -1.1% |
| Retained earnings | -$3.93B | -$3.86B | -$3.78B | -$3.72B | -$3.58B | -2.0% |
| Shareholder equity | $2.83B | $2.44B | $2.45B | $2.51B | $2.59B | +16.0% |
| Working capital | -$262.26M | -$281.96M | -$184.56M | -$183.55M | -$316.68M | +7.0% |
| Net tangible assets | $2.64B | $2.28B | $2.27B | $2.32B | $2.37B | +15.7% |
| Shares issued | 284.08M | 260.63M | 256.99M | 256.30M | 253.20M | +9.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$26.85M | -$36.89M | -$18.37M | -$90.00M | -$41.55M | +27.2% |
| Depreciation & amortisation | $89.23M | $86.02M | $87.70M | $93.99M | $91.20M | +3.7% |
| Stock-based compensation | $6.74M | $5.90M | $4.84M | $4.82M | $5.30M | +14.2% |
| Change in working capital | -$5.76M | $18.75M | -$26.82M | $35.35M | -$3.00M | -130.7% |
| Operating cash flow | $66.87M | $77.38M | $50.20M | $112.39M | $70.52M | -13.6% |
| Investing cash flow | -$338.05M | -$54.71M | -$7.17M | -$3.51M | -$231.62M | -517.9% |
| Dividends paid | -$51.80M | -$49.03M | -$46.18M | -$45.87M | -$45.73M | -5.6% |
| Financing cash flow | $311.36M | -$124.86M | -$50.67M | $46.25M | $42.07M | +349.4% |
| Free cash flow | $66.87M | $77.38M | $50.20M | $112.39M | $70.52M | -13.6% |
| End cash position | $310.95M | $270.76M | $372.96M | $380.60M | $225.47M | +14.8% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
Consensus—
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders—
Held by institutions—
Institutions holding—
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
24.59
-0.87% from price
SMA 20
25.04
-2.62% from price
SMA 50
25.06
-2.72% from price
SMA 100
23.43
+4.04% from price
SMA 200
20.95
+16.36% from price
EMA 12
24.71
-1.34% from price
EMA 26
24.87
-1.97% from price
EMA 50
24.59
-0.85% from price
RSI (14)
44.1
Neutral
MACD (12,26,9)
-0.16
Hist -0.06
ATR (14)
0.59
2.43% of price
Realised vol 30D
31.0%
Annualised
Bollinger upper
26.55
20, 2σ
Bollinger lower
23.52
20, 2σ
50 / 200 cross
Golden
25.06 vs 20.95
Trend bias
Above 200
+16.36%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.77
Less volatile than market
Correlation to SPY
0.32
Loosely linked
Realised vol 30D
31.0%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-13.6%
Peak to trough
Max drawdown 5Y
-65.2%
Peak to trough
ATR 14
0.59
2.43% of price
Beta (reported)
—
5Y monthly, from filing
Headlines
3 REITs to Beat Rising Interest Rates, According to a Real Estate Pro
Barrons.com · 2d ago
Macerich (MAC), Why Is It Back In The Spotlight?
Simply Wall St. · 11d ago
Macerich (MAC) Q2 2026 Earnings Call Transcript
Motley Fool · 11d ago
Macerich Prices Upsized $675 Million Senior Notes Offering to Refinance Debt
MT Newswires · 16d ago
Macerich Announces Pricing of Upsized Offering of $675 Million Exchangeable Senior Notes due 2031
GlobeNewswire · 16d ago
Macerich Announces Proposed Offering of Exchangeable Senior Notes
GlobeNewswire · 17d ago
Macerich's Q2 FFO & Revenues Beat Estimates on Strong Portfolio NOI
Zacks · 17d ago
The Macerich Company Q2 2026 Earnings Call Summary
Moby · 18d ago
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