Macerich (MAC) Stock Price & Analysis
MAC Stock Chart & Stats
- Day’s Range
- MXN 400.09 - MXN 400.09
- 52-Week Range
- MXN 295.86 - MXN 412.65
- Previous Close
- MXN 400.09
- Volume
- 0
- Average Volume (3M)
- 0
- Market Cap
- MXN 134.81B
- Enterprise Value
- MXN 11.64B
- Total Cash (Recent Filing)
- MXN 227.03M
- Total Debt (Recent Filing)
- MXN 4.85B
- Price to Earnings (P/E)
- ―
- Beta
- -0.05
- Next Earnings
- Nov 04, 2026 (Est.)
- EPS Estimate
- -0.17
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 3.12%
Bulls Say, Bears Say
Bulls Say
Strong Leasing And Occupancy
High leased occupancy and substantial leasing volume indicate durable demand for Macerich’s higher-quality shopping centers. Continued tenant commitments can support recurring rent growth, improve property utilization, and strengthen the portfolio’s cash-generating capacity over the next several quarters.
Visible NOI Growth Pipeline
Current NOI growth and the signed-not-open pipeline provide tangible visibility into future property income. If tenants open as planned, increasing contributions through 2028 could support sustained earnings growth and demonstrate that redevelopment and leasing initiatives are improving asset productivity.
Positive Cash Generation
Consistently positive operating and free cash flow provides an important foundation for a REIT facing reported net losses. Reliable property-level cash generation can help fund operations, support debt management, and preserve flexibility for redevelopment or selective acquisitions.
Bears Say
Elevated Leverage
Leverage remains materially above management’s longer-term target, limiting financial flexibility despite recent improvement. High debt relative to operating earnings can constrain redevelopment and acquisition capacity, increase refinancing sensitivity, and make the business more vulnerable to weaker property cash flows.
Loan Default Exposure
The defaulted 29th Street loan creates an unresolved financing and asset-level risk that could require negotiations, repayment, restructuring, or other capital allocation. Resolution may consume management attention and could reduce flexibility while adding uncertainty to the balance-sheet improvement plan.
Persistent Reported Losses
Persistent accounting losses and a recent decline in trailing revenue weaken the quality and predictability of reported earnings. Although property-level EBITDA and cash flow are stronger, continued losses can restrict internally funded growth and leave results more dependent on asset sales and financing access.
Macerich News
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Macerich Stock Smart Score
Company Description
Macerich
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.
- Sector
- Realestate
- Industry
- REIT - Retail
- CEO
- Jackson Hsieh
- Employees
- 597
- Website
- www.macerich.com
- Address
- 401 Wilshire Boulevard, Santa Monica, CA, 90401-1452, US
Macerich (MAC) Earnings & Revenues
MAC Earnings Call
Earnings Call SentimentPositive
The call emphasized strong operational momentum: record sales per square foot, high leased occupancy, sustained leasing velocity (1.3M sf signed in Q2), a sizable SNO pipeline, and meaningful balance sheet progress (liquidity, equity raises and leverage reduction). Management expects accelerating NOI growth in 2027–2028 and a robust acquisition pipeline that could be accretive. Key risks discussed include remaining elevated leverage (7.3x), a $76M loan in default, the need to complete additional dispositions this year to hit targets, and execution/timing risk converting signed tenants into opened stores and rent. Overall, positive operational and strategic execution materially outweigh near‑term financial and execution challenges, supporting a constructive outlook while acknowledging remaining execution and market risks.
View all MX:MAC earnings summariesMAC Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 5 | 1 | 11 |
| Technical Analysis | 1 | 1 | 3 |
| Moving Averages | 4 | 0 | 8 |
