The Macerich Company (MAC)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 786 | 847 | 859 | 884 | 918 | 1,015 | 1,009 | 991 |
| Operating profit | $m | 168 | 98 | ||||||
| Net profit | $m | -230 | 14 | -66 | -274 | -194 | -197 | -170 | -40 |
| EPS reported | $ | -0.77 | -0.65 | ||||||
| Operating cashflow per share | $ | 1.25 | 1.12 | ||||||
| Capex per share | $ | 0.00 | 0.35 | ||||||
| FCF per share | $ | 1.25 | 0.77 | ||||||
| Free cash flow | $m | 322 | 211 | ||||||
| Net debt | $m | 5,093 | 4,621 | ||||||
| Book value equity | $m | 2,449 | 2,827 | ||||||
| Book value per share | $ | 9.54 | 10.33 | ||||||
| Number of shares | m | 256.62 | 273.72 | ||||||
| DPS (TTM paid) | $ | 0.68 | 0.68 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | - | - | ||||||
| P/B LTM | x | 1.93 | 1.68 | ||||||
| P/S LTM | x | 4.67 | 4.70 | ||||||
| P/FCF LTM | x | 14.73 | 22.42 | ||||||
| EV/EBITDA LTM | x | 24.44 | 24.72 | ||||||
| EV/Sales LTM | x | 9.75 | 11.87 | ||||||
| Earnings Yield LTM | % | -4.16% | -2.51% | ||||||
| FCF Yield | % | +6.79% | +4.46% | ||||||
| Quality | |||||||||
| ROE | % | -8.05% | -6.63% | ||||||
| ROIC | % | +1.98% | -30.87% | ||||||
| Operating margin | % | +16.52% | +9.71% | ||||||
| Gross margin | % | +38.16% | +24.47% | ||||||
| FCF/Sales | % | +31.68% | +20.94% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | - | - | ||||||
| Sales Growth YoY | % | +10.58% | +9.86% | ||||||
| Net Income Growth YoY | % | - | - | ||||||
| FCF Growth | % | +13.46% | -25.47% | ||||||
| Operating Profit Growth | % | +1.67% | -40.62% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +3.97% | +2.75% | ||||||
| Dividend Growth | % | 0.00% | 0.00% | ||||||
| Payout Ratio | % | -95.25% | -140.73% | ||||||
| FCF/Debt | x | 0.06 | 0.04 | ||||||
| Net Debt/EBITDA | x | 12.74 | 11.54 | ||||||
| EBIT/Net interest | x | 0.78 | 0.47 | ||||||
| Net debt/market cap | % | +1.08% | +65.94% | ||||||
| Net debt/Equity | x | 2.08 | 1.63 | ||||||
| Gross debt/equity | x | 2.12 | 1.71 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Macerich operates as a comprehensive, self-managed real estate investment trust (REIT) that independently oversees all aspects of its operations. Its core focus is on the acquisition, leasing, management, development, and revitalization of regional shopping malls throughout the United States. The company currently holds interests in 47 regional retail complexes, representing a total portfolio of 51 million square feet of real estate. Macerich specializes in high-performing retail properties located within America's most sought-after and populous markets, boasting a significant footprint particularly across the West Coast, Arizona, Chicago, and the corridor extending from Metropolitan New York to Washington, D.C. A consistent leader in environmental sustainability, Macerich earned the top GRESB ranking in the North American Retail Sector for an impressive five consecutive years, from 2015 to 2019.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Macerich operates as a comprehensive, self-managed real estate investment trust (REIT) that independently oversees all aspects of its operations. Its core focus is on the acquisition, leasing, management, development, and revitalization of regional shopping malls throughout the United States. The company currently holds interests in 47 regional retail complexes, representing a total portfolio of 51 million square feet of real estate. Macerich specializes in high-performing retail properties located within America's most sought-after and populous markets, boasting a significant footprint particularly across the West Coast, Arizona, Chicago, and the corridor extending from Metropolitan New York to Washington, D.C. A consistent leader in environmental sustainability, Macerich earned the top GRESB ranking in the North American Retail Sector for an impressive five consecutive years, from 2015 to 2019.
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