MAC Stock - The Macerich Company
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $918.20M | $884.07M | $859.16M | $847.44M | $786.03M |
| Gross Profit | $487.94M | $489.18M | $468.81M | $466.55M | $438.05M |
| Gross Margin | 53.1% | 55.3% | 54.6% | 55.1% | 55.7% |
| Operating Income | $165.01M | $177.58M | $150.03M | $125.37M | $88.09M |
| Net Income | $-194,120,000 | $-274,065,000 | $-66,068,000 | $14.26M | $-230,203,000 |
| Net Margin | -21.1% | -31.0% | -7.7% | 1.7% | -29.3% |
| EPS | $-0.79 | $-1.28 | $-0.31 | $0.07 | $-1.58 |
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).
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 26th 2025 | BofA Securities | Upgrade | Buy | $23 |
| July 18th 2025 | Ladenburg Thalmann | Initiation | Buy | $25 |
| June 10th 2025 | Mizuho | Upgrade | Outperform | $18 |
| May 23rd 2025 | Piper Sandler | Upgrade | Neutral | $16 |
| April 10th 2025 | Truist | Upgrade | Buy | - |
| January 15th 2025 | Morgan Stanley | Upgrade | Equal Weight | $20 |
| January 2nd 2025 | Jefferies | Upgrade | Buy | $23← $19 |
| December 17th 2024 | Deutsche Bank | Initiation | Hold | $22 |
| December 17th 2024 | Scotiabank | Upgrade | Sector Perform | $22 |
| December 4th 2024 | Mizuho | Upgrade | Neutral | $22← $14 |
| May 17th 2024 | Scotiabank | Downgrade | Sector Underperform | $14← $16 |
| May 1st 2024 | Piper Sandler | Downgrade | Underweight | $11← $17 |
| March 22nd 2024 | Citigroup | Upgrade | Neutral | $17← $8 |
| October 2nd 2023 | Piper Sandler | Upgrade | Neutral | $12← $11 |
| March 21st 2023 | Goldman | Resumed | Sell | $8.5 |
Earnings History & Surprises
MACEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 11, 2026 | — | — | — | — |
Q1 2026 | Feb 26, 2026 | $0.45 | — | — | — |
Q4 2025 | Nov 4, 2025 | $0.36 | $0.35 | -2.8% | ✗ MISS |
Q3 2025 | Aug 11, 2025 | $0.34 | $0.32 | -5.9% | ✗ MISS |
Q2 2025 | May 12, 2025 | $0.31 | $0.33 | +6.5% | ✓ BEAT |
Q1 2025 | Feb 27, 2025 | $0.47 | $0.47 | 0.0% | = MET |
Q4 2024 | Nov 6, 2024 | $0.40 | $0.38 | -5.0% | ✗ MISS |
Q3 2024 | Jul 31, 2024 | $0.40 | $0.44 | +10.0% | ✓ BEAT |
Q2 2024 | Apr 30, 2024 | $0.39 | $0.31 | -20.5% | ✗ MISS |
Q1 2024 | Feb 7, 2024 | $0.55 | $0.56 | +1.8% | ✓ BEAT |
Q4 2023 | Oct 31, 2023 | $0.44 | $0.44 | 0.0% | = MET |
Q3 2023 | Aug 8, 2023 | $0.42 | $0.40 | -4.8% | ✗ MISS |
Q2 2023 | May 4, 2023 | $0.41 | $0.40 | -2.4% | ✗ MISS |
Q1 2023 | Feb 7, 2023 | $0.52 | $0.53 | +1.9% | ✓ BEAT |
Q4 2022 | Nov 3, 2022 | $0.47 | $0.46 | -2.1% | ✗ MISS |
Q3 2022 | Jul 28, 2022 | $0.45 | $0.46 | +2.2% | ✓ BEAT |
Q2 2022 | May 9, 2022 | $0.46 | $0.50 | +8.7% | ✓ BEAT |
Q1 2022 | Feb 10, 2022 | $0.48 | $0.53 | +10.4% | ✓ BEAT |
Q4 2021 | Nov 3, 2021 | $-0.11 | $0.50 | +554.5% | ✓ BEAT |
Q3 2021 | Aug 4, 2021 | $0.44 | $0.59 | +34.1% | ✓ BEAT |
Latest News
Truist Securities Maintains Buy on Macerich, Lowers Price Target to $19
➖ NeutralShares of REITs are trading higher after the Fed cut rates, which could drive a rotation into dividend-paying sectors.
📈 PositiveScotiabank Maintains Sector Perform on Macerich, Raises Price Target to $19
📈 PositiveMacerich Q3 FFO $0.35, Inline, Sales $253.262M Beat $249.473M Estimate
📈 PositiveMacerich shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $19 to $23.
📈 PositiveB of A Securities Upgrades Macerich to Buy, Raises Price Target to $23
📈 PositiveEvercore ISI Group Maintains In-Line on Macerich, Raises Price Target to $20
📈 PositiveScotiabank Maintains Sector Perform on Macerich, Raises Price Target to $18
📈 PositiveJP Morgan Maintains Underweight on Macerich, Raises Price Target to $19
➖ NeutralFrequently Asked Questions about MAC
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