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

16.51USD+1.00 (+6.45%)Market Closed

Market Summary

USD16.51+1.00

Market Closed

6.45%

MAC Alerts

5 major insider buys recently.

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

MAC Stock Price

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MAC RSI Chart

MAC Valuation

Market Cap

3.3B

Price/Earnings (Trailing)

-9.78

Price/Sales (Trailing)

3.81

Price/Free Cashflow

12.13

MAC Price/Sales (Trailing)

MAC Profitability

Return on Equity

-14.5%

Return on Assets

-4.65%

Free Cashflow Yield

8.24%

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

5.7%

Last 30 days

-3.5%

Last 90 days

-7.3%

Trailing 12 Months

65%

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

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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 13, 2024	RENAISSANCE TECHNOLOGIES LLC	added	25.23	5,485,000	19,253,000	0.03%
May 13, 2024	Jump Financial, LLC	added	82.22	468,065	920,427	0.03%
May 13, 2024	Financial Gravity Asset Management, Inc.	new	-	164	164	-%
May 13, 2024	Samalin Investment Counsel, LLC	added	0.28	48,858	456,952	0.22%
May 13, 2024	NEUBERGER BERMAN GROUP LLC	reduced	-20.76	-24,901	191,304	-%
May 13, 2024	EAM Investors, LLC	sold off	-100	-3,306,540	-	-%
May 13, 2024	Ameritas Investment Partners, Inc.	reduced	-3.66	26,189	371,651	0.01%
May 13, 2024	XPONANCE, INC.	added	0.02	23,812	227,488	-%
May 13, 2024	WOLVERINE ASSET MANAGEMENT LLC	added	170	605,345	905,057	0.01%
May 13, 2024	EAM Global Investors LLC	added	0.07	393,164	3,740,120	0.86%

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	86.4B	11.2B	3.28%	-7.59%	43.79	7.71	3.63%	50.79%
CCI	43.5B	6.8B	3.45%	-14.26%	31.18	6.35	-2.39%	-16.60%
AVB	28.0B	2.8B	7.19%	9.33%	29.32	9.98	5.72%	-6.47%
ARE	21.1B	3.0B	-0.89%	1.08%	107.56	7.15	10.44%	-73.79%
AMH	13.2B	-	1.07%	2.60%	31.17	8.11	8.93%	11.87%
REG	11.0B	1.4B	2.24%	2.17%	29.57	8.08	10.48%	-2.93%
BXP	9.9B	3.3B	3.53%	29.60%	51.27	2.98	4.82%	-75.15%
MID-CAP
FRT	8.5B	1.2B	2.74%	12.10%	35.66	7.39	5.48%	-38.69%
SLG	3.4B	892.3M	3.59%	153.70%	-6.71	3.85	-5.33%	-307.54%
MAC	3.3B	878.0M	-3.54%	65.00%	-9.78	3.81	2.35%	-290.60%
SMALL-CAP
AAT	1.4B	444.1M	7.22%	18.58%	19.75	3.05	3.54%	8.91%
AIV	1.2B	198.2M	0.25%	-4.47%	-7.42	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	0.56%	5.89%	35.97	1.69	27.93%	140.31%
NYMT	561.1M	285.4M	-11.89%	-36.73%	-4.07	1.97	11.05%	83.70%
IVR	451.1M	277.2M	9.09%	-13.40%	-55.02	1.63	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

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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 revenues	884,068	859,164	847,437
Expenses:
Leasing expense	36,423	32,670	24,838
REIT general and administrative expenses	29,238	27,164	30,056
Depreciation and amortization	282,361	291,612	311,129
Total expenses before interest	706,489	709,129	722,069
Interest (income) expense:
Related parties	172,920	216,851	192,679
(Gain) loss on extinguishment of debt	(8,208)	0	1,007
Total expenses	871,201	925,980	915,755
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)	7,698	75,740
Net (loss) income	(278,099)	(65,079)	16,163
Less net (loss) income attributable to noncontrolling interests	(4,034)	989	1,900
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)	215,548	215,031	198,070
Diluted (in shares)	215,548	215,031	198,070
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 parties	197,126	182,116	196,397
Other
Revenues:
Revenues	44,860	30,104	33,867
Management Companies
Revenues:
Revenues	30,185	28,512	26,023
Expenses:
Shopping center and operating expenses	70,060	67,799	61,030
Management Companies \| Related parties
Revenues:
Revenues	18,144	18,208	17,872
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 equivalents	94,936	100,320
Restricted cash	95,358	80,819
Tenant and other receivables, net	183,478	183,593
Right-of-use assets, net	118,664	126,606
Deferred charges and other assets, net	263,068	247,424
Investments in unconsolidated joint ventures	852,764	1,224,288
Total assets	7,513,512	8,094,139
LIABILITIES AND EQUITY:
Mortgage notes payable	4,136,136	4,240,596
Bank and other notes payable	89,548	163,117
Accounts payable and accrued expenses	64,194	63,107
Lease liabilities	83,989	94,911
Other accrued liabilities	334,742	318,745
Distributions in excess of investments in unconsolidated joint ventures	174,786	121,093
Financing arrangement obligation	102,516	143,221
Total liabilities	4,985,911	5,144,790
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, respectively	2,158	2,151
Additional paid-in capital	5,509,603	5,506,084
Accumulated deficit	(3,063,789)	(2,643,094)
Accumulated other comprehensive (loss) income	(952)	632
Total stockholders' equity	2,447,020	2,865,773
Noncontrolling interests	80,581	83,576
Total equity	2,527,601	2,949,349
Total liabilities and equity	7,513,512	8,094,139
Related parties
ASSETS:
Due from affiliates	$ 4,755	$ 3,299

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 Mon May 13 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 Mon May 13 2024, MAC's PE ratio (Price to Earnings) is -9.78 and Price to Sales (PS) ratio is 3.81. 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 -0.089 (multiply by 100 for percentage) rate of return.