Macerich/$MAC
1D1W1MYTD1Y5YMAX
Capital at risk
About Macerich
Macerich invests in premium mall assets. The company owns 28 regional malls in its consolidated portfolio and nine regional malls in its unconsolidated portfolio along with a power center and six other real estate assets. The company's total portfolio has 39.9 million square feet of gross leasable area and averaged $199 in sales per square foot over the 12 months ended in June 2026.
- Ticker
- $MAC
- Sector
- Real Estate
- Primary listing
- NYSE
- Employees
- 597
- Headquarters
- Santa Monica, United States
- Website
- www.macerich.com
Macerich Metrics
BasicAdvanced
$6.4B
-
-$0.65
2.07
$0.68
3.04%
Price and volume
Market cap
$6.4B
Beta
2.07
52-week high
$26.68
52-week low
$16.03
Average daily volume
3.8M
Dividend rate
$0.68
Financial strength
Current ratio
0.315
Quick ratio
0.255
Long term debt to equity
1.448
Total debt to equity
1.689
Interest coverage (TTM)
0.64%
Profitability
EBITDA (TTM)
522.099
Gross margin (TTM)
54.56%
Net profit margin (TTM)
-16.63%
Operating margin (TTM)
17.39%
Effective tax rate (TTM)
1.90%
Revenue per employee (TTM)
$1,710,000
Management effectiveness
Return on assets (TTM)
1.34%
Return on equity (TTM)
-6.18%
Valuation
Price to revenue (TTM)
5.722
Price to book
2.25
Price to tangible book (TTM)
2.38
Price to free cash flow (TTM)
19.011
Free cash flow yield (TTM)
5.26%
Free cash flow per share (TTM)
1.177
Dividend yield (TTM)
3.04%
Forward dividend yield
3.04%
Growth
Revenue change (TTM)
-2.07%
Earnings per share change (TTM)
-61.78%
3-year revenue growth (CAGR)
5.11%
10-year revenue growth (CAGR)
-1.65%
3-year earnings per share growth (CAGR)
16.97%
10-year earnings per share growth (CAGR)
-19.81%
3-year dividend per share growth (CAGR)
1.00%
10-year dividend per share growth (CAGR)
-12.85%
Bulls say / Bears say
Macerich narrowed its Q2 2026 net loss to $27.1 million from $40.9 million a year earlier and raised adjusted FFO to $100.4 million, reflecting operational improvements under its Path Forward plan. (SEC Filing)
Leased portfolio occupancy increased to 94.0% as of June 30, 2026, up 200 basis points year-over‐year, underscoring strong tenant demand across its malls. (Form 10-Q)
Tenant sales per square foot reached a record $919 for the trailing twelve months ended June 30, 2026, up from $849 a year earlier, highlighting robust sales productivity at premium mall assets. (Form 10-Q)
In May 2026, Macerich launched a public offering of 16 million common shares, diluting existing equity and potentially pressuring per-share metrics. (Reuters)
Leasing revenue in Q1 2026 declined 4.1% to $226.9 million year-over-year, signaling challenges in maintaining or renewing tenant leases at prior rates. (Reuters)
Mortgage notes payable stood at $4.85 billion as of June 30, 2026, representing roughly 57% of total assets, indicating elevated leverage that could pressure interest coverage in a rising rate environment. (SEC Filing)
Data summarised monthly by Lightyear AI. Last updated on 5 Sept 2026.
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Funds containing Macerich
AllUSDGBPEUR
Fund name | Fund size | $MAC weighting |
|---|---|---|
iShares Developed Markets Property Yield$IDWP | $1.2B | 0.37% |
iShares Developed Markets Property Yield£IWDP | £859M | 0.37% |
iShares S&P SmallCap 600$IDP6 | $3.2B | 0.36% |
iShares S&P Small Cap 600£ISP6 | £2.4B | 0.36% |
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.21% |
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