Real Estate -
REIT - Retail - NYSE - US
$ 16.11
-0.507 %
$ 4.07 B
Market Cap
-32.06
P/E
1. INTRINSIC VALUE
Balance Sheet
The Macerich Company
| Current Assets | 335 M |
| Cash & Short-Term Investments | 89.9 M |
| Receivables | 157 M |
| Other Current Assets | 87.6 M |
| Non-Current Assets | 8.23 B |
| Long-Term Investments | 655 M |
| PP&E | 111 M |
| Other Non-Current Assets | 7.47 B |
| Current Liabilities | 660 M |
| Accounts Payable | 87.5 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 573 M |
| Non-Current Liabilities | 5.06 B |
| Long-Term Debt | 5.06 B |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
The Macerich Company
| Revenue | 918 M |
| Cost Of Revenue | 430 M |
| Gross Profit | 488 M |
| Operating Expenses | 323 M |
| Operating Income | 165 M |
| Other Expenses | 363 M |
| Net Income | -198 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
The Macerich Company
| Net Income | -198 M |
| Depreciation & Amortization | 306 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 12.1 M |
| Change in Working Capital | 18.1 M |
| Others | 137 M |
| Free Cash Flow | 283 M |
Wall Street Analysts Price Targets
The Macerich Company
Wall Street analysts predict an average 1-year price target for MAC of $17.8 , with forecasts ranging from
a
low of
$14 to a high of $23 .
MAC Lowest Price Target
Wall Street Target
14 USD
-13.10%
MAC Average Price Target
Wall Street Target
17.8 USD
10.49%
MAC Highest Price Target
Wall Street Target
23 USD
42.77%
4. DIVIDEND
ANALYSIS
1.16%
DIVIDEND YIELD
0.17 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
The Macerich Company
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
1.3 M USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
1.11 M USD 2
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Harmony Gold Boosts Copper Footprint With Acquisition of MAC Copper
HMY is set to acquire MAC Copper for $1.03B, boosting cash flow and advancing its strategy to become a top low-cost gold and copper producer.
zacks.com
- 2 weeks ago
MAC Copper Limited Enters Into Binding Scheme Implementation Deed With Harmony
ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited (NYSE:MTAL, ASX:MAC) (“MAC” or the “Company”) is pleased to announce that it has entered into a binding scheme implementation deed (“Implementation Deed”) with Harmony Gold Mining Company Limited (JSE:HAR, NYSE:HMY) (“Harmony”) and Harmony Gold (Australia) Pty Ltd (“Harmony Australia”) (a wholly owned subsidiary of Harmony), under which it is proposed that Harmony Australia will acquire 100% of the issued share capital in MAC by way of a J.
businesswire.com
- 3 weeks ago
Harmony Gold to Buy MAC Copper in $1.03 Billion Deal
The deal increases the miner's exposure to copper, a commodity central to the energy transition.
wsj.com
- 3 weeks ago
Avoid These Dividend Disasters Before It's Too Late
Dividend stocks are facing many big risks. The high interest rates, trade war, and AI revolution could lead to many dividend cuts. I discuss what this all means for dividend investors.
seekingalpha.com
- 3 weeks ago
Tariffs Up, Inflation Down
US equity markets surged this week - extending a dramatic post "Liberation Day" rebound - after the White House announced a trade truce with China, while investors cheered surprisingly cool inflation data. Quelling one of the primary recession risks, the U.S. and China reached a surprising breakthrough in agreeing to slash tariffs to pre-retaliation levels during a 90-day negotiating period. More good news on the inflation front. Despite the broad-based tariff hikes in April, the critical CPI and the PPI both showed the lowest annual increase in inflation since 2021.
seekingalpha.com
- 1 month ago
A Historic Opportunity For REIT Investors To Win Big
REITs should do fine overall in the coming years. But some specific REITs should crush the rest of the market. Peak pessimism leads to massive opportunities. I explain how you can win big when investing in individual REITs.
seekingalpha.com
- 1 month ago
Macerich's Q1 FFO & Revenues Beat Estimates, Occupancy Dips Y/Y
MAC's Q1 results reflect healthy leasing, driving same-center NOI and higher base rent re-leasing spreads. Yet, occupancy declines and costs rise year over year.
zacks.com
- 1 month ago
The Macerich Company (MAC) Q1 2025 Earnings Call Transcript
The Macerich Company (NYSE:MAC ) Q1 2025 - Earnings Conference Call May 12, 2025 1:00 PM ET Company Participants Samantha Greening - Director, IR Jack Hsieh - President & CEO Dan Swanstrom - SEVP & CFO Doug Healey - SEVP, Leasing Brad Miller - SVP, Portfolio Management Conference Call Participants Ki Bin Kim - Truist Craig Mailman - Citi Linda Tsai - Jefferies Ronald Kamdem - Morgan Stanley Samir Khanal - Bank of America Floris Van Dijkum - Compass Point Greg McGinnis - Scotiabank Vince Tibone - Green Street Omotayo Okusanya - Deutsche Bank Alexander Goldfarb - Piper Sandler Haendel St. Juste - Mizuho Caitlin Burrows - Goldman Sachs Michael Mueller - JPMorgan Operator Ladies and gentlemen, thank you for standing by, and welcome to the First Quarter 2025 Macerich Earnings Conference Call. At this time, all participants are in a listen only mode.
seekingalpha.com
- 1 month ago
Macerich (MAC) Reports Q1 Earnings: What Key Metrics Have to Say
The headline numbers for Macerich (MAC) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 1 month ago
Macerich (MAC) Q1 FFO and Revenues Top Estimates
Macerich (MAC) came out with quarterly funds from operations (FFO) of $0.33 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to FFO of $0.31 per share a year ago.
zacks.com
- 1 month ago
Macerich Reports First Quarter 2025 Results
SANTA MONICA, Calif., May 12, 2025 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) has released its First Quarter 2025 Earnings Results and Supplemental Information by posting it to the Investor Relations section of its website at investing.macerich.com.
globenewswire.com
- 1 month ago
Countdown to Macerich (MAC) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
Evaluate the expected performance of Macerich (MAC) for the quarter ended March 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
zacks.com
- 1 month ago
8. Profile
Summary
The Macerich Company MAC
COUNTRY
US
INDUSTRY
REIT - Retail
MARKET CAP
$ 4.07 B
Dividend Yield
1.16%
Description
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).
Contact
401 Wilshire Boulevard, Santa Monica, CA, 90401
https://www.macerich.com
IPO
Date
March 10, 1994
Employees
615
Officers
Mr. Daniel E. Swanstrom II
Chief Financial Officer, Treasurer & Senior EVice President
Mr. Douglas J. Healey
Senior EVice President & Head of Leasing
Ms. Ann C. Menard J.D.
Senior EVice President, Chief Legal Officer & Secretary
Mr. Christopher J. Zecchini
Senior Vice President & Chief Accounting Officer
Mr. Kurt Ivey
Senior Vice President of Marketing
Ms. Samantha Greening
Director of Investor Relations
Mr. Tom Birdsall
Senior Vice President of Information Technology
Mr. Jackson Hsieh
President, Chief Executive Officer & Director
Ms. Olivia Bartel Leigh
Executive Vice President of Portfolio Operations & People
Mr. Robert F. Beffa
Senior Vice President of Real Estate