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Macerich Acquires Crabtree Mall for $290 Million

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Macerich Acquires Crabtree Mall for $290 Million

Elevate Your Investing Strategy:

An announcement from Macerich ( (MAC) ) is now available.

On June 24, 2025, Macerich announced its acquisition of Crabtree Mall, a 1.3 million square foot Class A retail center in Raleigh, NC, for $290 million. The acquisition, funded through cash and borrowings, is part of Macerich’s strategic plan to enhance its portfolio and drive shareholder value. The company aims to implement a $60 million redevelopment plan to maximize net operating income growth and improve occupancy rates, positioning itself strongly in the high-growth Southeastern U.S. market.

The most recent analyst rating on (MAC) stock is a Sell with a $16.00 price target. To see the full list of analyst forecasts on Macerich stock, see the MAC Stock Forecast page.

Spark’s Take on MAC Stock

According to Spark, TipRanks’ AI Analyst, MAC is a Neutral.

Macerich’s overall stock score of 63 reflects strong operational progress and positive sentiment from the earnings call, balanced by ongoing profitability challenges and valuation concerns. Technical indicators and dividend yield offer some support, but high leverage and net losses weigh on the financial performance score.

To see Spark’s full report on MAC stock, click here.

More about Macerich

Macerich is a real estate investment trust (REIT) specializing in the acquisition, leasing, management, and redevelopment of regional shopping centers throughout the United States. The company focuses on high-quality retail properties in densely populated urban and suburban markets.

Average Trading Volume: 2,047,141

Technical Sentiment Signal: Hold

Current Market Cap: $4.2B

Find detailed analytics on MAC stock on TipRanks’ Stock Analysis page.

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