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MAC Stock Chart & Stats
$25.83
$0.53(2.09%)
At close: 4:00 PM EDT
$25.83
$0.53(2.09%)
Day’s Range― - ―
52-Week Range$16.03 - $26.68
Previous CloseN/A
Volume1.45M
Average Volume (3M)3.63M
Market Cap
$7.62B
Enterprise Value$9.74K
Total Cash (Recent Filing)$51.13M
Total Debt (Recent Filing)$5.06B
Price to Earnings (P/E)―
Beta1.14
Next Earnings
Nov 04, 2026EPS Estimate
-0.01Next Dividend Ex-DateN/A
Dividend Yield2.63%
Share Statistics
EPS (TTM)-0.71
Shares Outstanding283,559,400
10 Day Avg. Volume2,177,495
30 Day Avg. Volume3,634,783
Financial Highlights & Ratios
PEG Ratio9.47
Price to Book (P/B)1.93
Price to Sales (P/S)4.67
P/FCF Ratio14.73
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$26.38Price Target Upside2.15% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)-0.12
Revenue Forecast (FY)$985.67M
Bulls Say, Bears Say
Bulls Say
Consistent Cash GenerationMacerich reports consistently positive operating and free cash flow with strong TTM FCF growth. Durable cash generation supports debt service, redevelopment capex, and opportunistic acquisitions without relying solely on accounting earnings, improving resilience through interest‑rate cycles and funding execution of the Path Forward plan.
High Occupancy And Tenant ProductivityElevated leased occupancy and record sales per square foot indicate strong consumer demand at Macerich's high‑quality centers. High tenant productivity and steady leasing momentum (1.3M sq ft signed in Q2) underpin sustainable NOI expansion and give pricing power on renewals, supporting multi‑year cash flow improvement.
Material Liquidity And Capital ActionsSubstantial liquidity plus recent equity raises and forward sales materially improve balance sheet flexibility. Available cash and revolver capacity reduce short‑term refinancing pressure, enable targeted accretive acquisitions under the Path Forward plan, and provide runway to execute dispositions and lower leverage over the next 2–3 years.
Bears Say
Elevated LeverageLeverage at ~7.3x adjusted EBITDA remains high for a retail REIT, leaving limited cushion against rising rates or weaker cash flow. Sustained elevated debt levels constrain capital allocation, increase interest expense vulnerability, and require successful dispositions or equity raises to reach a safer 6x target over the medium term.
Loan Default On AssetA $76M loan default introduces asset‑level and reputational risk; unresolved default could force asset sales, concessions, or additional financing costs. The event creates uncertainty around collateral outcomes and may reduce negotiating leverage with lenders, potentially increasing dilution or asset write‑downs if not promptly resolved.
Execution Risk On Dispositions And OpeningsMacerich's plan depends on timely dispositions and converting a large signed‑not‑open pipeline. Slower-than-anticipated sales closings or store buildouts delay NOI and FFO accretion, keeping leverage elevated and making multi‑year targets contingent on execution across market cycles and construction/permitting timelines.
Macerich News
MAC FAQ
What was Macerich Company’s price range in the past 12 months?
Macerich Company lowest stock price was $16.03 and its highest was $26.68 in the past 12 months.
What is Macerich Company’s market cap?
Macerich Company’s market cap is $7.62B.
When is Macerich Company’s upcoming earnings report date?
Macerich Company’s upcoming earnings report date is Nov 04, 2026 which is in 91 days.
How were Macerich Company’s earnings last quarter?
Macerich Company released its earnings results on Aug 04, 2026. The company reported -$0.1 earnings per share for the quarter, missing the consensus estimate of -$0.053 by -$0.047.
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 2.63%. See more information on Macerich Company dividends here
What is Macerich Company’s EPS estimate?
Macerich Company’s EPS estimate is -0.01.
How many shares outstanding does Macerich Company have?
Macerich Company has 283,559,400 shares outstanding.
What happened to Macerich Company’s price movement after its last earnings report?
Macerich Company reported an EPS of -$0.1 in its last earnings report, missing expectations of -$0.053. Following the earnings report the stock price went same N/A.
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
Neutral
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$26.38 (2.15% Upside)
$26.38 (2.15% Upside)
Blogger Sentiment
Bullish
MAC Sentiment 67%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 773.8K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.2%
Last 30 Days ▲ 2.0%
Last 30 Days ▲ 2.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
51.53%
12-Months-Change
Fundamentals
Return on Equity
2.63%
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
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
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 MAC earnings summariesMAC Stock 12 Month Forecast
Average Price Target
$26.38
▲(2.15% Upside)
Technical Analysis
Ownership Overview
0.28% Insiders
31.02% Mutual Funds
1.65% Other Institutional Investors
32.98% Public Companies and
Individual Investors