Macerich Company (MAC)
NYSE:MAC
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MAC Stock Chart & Stats
$22.30
-$0.50(-2.45%)
At close: 4:00 PM EST
$22.30
-$0.50(-2.45%)
Day’s Range― - ―
52-Week Range$15.48 - $25.72
Previous CloseN/A
Volume342.84K
Average Volume (3M)3.65M
Market Cap
$6.97B
Enterprise Value$11.52B
Total Cash (Recent Filing)$51.13M
Total Debt (Recent Filing)$5.06B
Price to Earnings (P/E)―
Beta1.19
Next Earnings
Aug 05, 2026EPS Estimate
-0.07Next Dividend Ex-DateN/A
Dividend Yield3.61%
Share Statistics
EPS (TTM)-0.71
Shares Outstanding283,461,180
10 Day Avg. Volume4,272,199
30 Day Avg. Volume3,649,525
Financial Highlights & Ratios
PEG Ratio9.49
Price to Book (P/B)1.93
Price to Sales (P/S)4.67
P/FCF Ratio14.73
Enterprise Value/Market Cap1.65
Enterprise Value/Revenue11.42
Enterprise Value/Gross Profit54.22
Enterprise Value/Ebitda29.04
Forecast
1Y Price Target
$24.67Price Target Upside10.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
EPS Forecast (FY)-0.15
Revenue Forecast (FY)$979.76M
Bulls Say, Bears Say
Bulls Say
Leasing MomentumSustained high-volume leasing increases contracted rent roll and reduces vacancy for retail anchors and inline tenants. Over 1.6M sq ft signed (large share new) supports multi-year NOI and FFO improvement as new store openings convert SNOs into recurring cash flows and stabilize occupancy.
Cash GenerationPositive operating and free cash flow, including on a trailing-twelve-month basis, provides durable internal funding for capex, redevelopments and debt servicing. Strong cash generation offsets accounting losses and grants flexibility to execute dispositions or fund accretive acquisitions without immediate reliance on costly refinancing.
High-Quality Portfolio & Accretive AcquisitionFocus on Class A regional malls and the Annapolis acquisition enhances exposure to affluent trade areas with higher sales/sqft. Higher-quality assets drive durable tenant demand, stronger sales per foot and pricing power, improving long-term NOI stability and supporting the Path Forward strategy to boost portfolio competitiveness.
Bears Say
Elevated LeverageLeverage near 7.8x materially constrains financial flexibility and magnifies refinancing and interest-rate risk. Deleveraging to low-to-mid 6x requires sustained disposition proceeds and EBITDA growth; until achieved, high leverage limits ability to fund redevelopment, increases interest expense vulnerability, and raises default risk in stressed scenarios.
Persistent Losses & Revenue WeaknessOngoing negative net income and a steep TTM revenue decline impede equity accumulation and reduce retained earnings that would rebuild the balance sheet. Revenue pressure delays margin recovery and makes earnings-dependent metrics volatile, necessitating sustained NOI improvement and leasing execution to restore durable profitability.
Defaulted Loan & Disposition Execution RiskA joint-venture loan in default creates potential negotiation losses, forced asset actions or covenant strain that can erode liquidity. Coupled with ~$700M of remaining dispositions, execution timing is critical; delays or weak market demand could prolong deleveraging, raise financing costs, and pressure covenant and credit metrics.
Macerich News
MAC FAQ
What was Macerich Company’s price range in the past 12 months?
Macerich Company lowest stock price was $15.48 and its highest was $25.72 in the past 12 months.
What is Macerich Company’s market cap?
Macerich Company’s market cap is $6.97B.
When is Macerich Company’s upcoming earnings report date?
Macerich Company’s upcoming earnings report date is Aug 05, 2026 which is in 46 days.
How were Macerich Company’s earnings last quarter?
Macerich Company released its earnings results on May 06, 2026. The company reported -$0.14 earnings per share for the quarter, missing the consensus estimate of -$0.105 by -$0.035.
Is Macerich Company overvalued?
According to Wall Street analysts Macerich Company’s price is currently Undervalued.
Does Macerich Company pay dividends?
Macerich Company pays a Quarterly dividend of $0.17 which represents an annual dividend yield of 3.61%. See more information on Macerich Company dividends here
What is Macerich Company’s EPS estimate?
Macerich Company’s EPS estimate is -0.07.
How many shares outstanding does Macerich Company have?
Macerich Company has 283,461,180 shares outstanding.
What happened to Macerich Company’s price movement after its last earnings report?
Macerich Company reported an EPS of -$0.14 in its last earnings report, missing expectations of -$0.105. Following the earnings report the stock price went down -3.868%.
Which hedge fund is a major shareholder of Macerich Company?
Currently, no hedge funds are holding shares in MAC
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Macerich Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$24.67 (10.61% Upside)
$24.67 (10.61% Upside)
Blogger Sentiment
Bullish
MAC Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 773.8K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 4.9%
Last 30 Days ▲ 19.8%
Last 30 Days ▲ 19.8%
News Sentiment
Very Bullish
Bullish news 86%
Bearish news 14%
Bearish news 14%
Technicals
SMA
Positive
20 days / 200 days
Momentum
52.54%
12-Months-Change
Fundamentals
Return on Equity
-7.35%
Trailing 12-Months
Asset Growth
-5.63%
Trailing 12-Months
Company Description
Macerich Company
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.
MAC Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents strong operational and leasing momentum: record sales per square foot, robust leasing volume (1.6M sq ft signed, 700k sq ft new), an accretive acquisition (Annapolis), visible SNO pipeline ($116M of $140M target), improved liquidity and meaningful disposition progress (~$1.3B closed). Short-term challenges include modest Q1 NOI growth (weather-impacted), elevated leverage (net debt/EBITDA 7.76x) and one loan in default, plus timing risks tied to remaining lease commencements and remaining dispositions. Overall, the positives — particularly the leasing traction, pipeline visibility, balance sheet actions and accretive portfolio moves — outweigh the near-term financing and timing headwinds.View all MAC earnings summariesMAC Stock 12 Month Forecast
Average Price Target
$24.67
▲(10.61% Upside)
Technical Analysis
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Ownership Overview
0.28% Insiders
30.24% Mutual Funds
19.24% Other Institutional Investors
17.45% Public Companies and
Individual Investors