Macerich Company (MAC)
NYSE:MAC
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MAC Stock Chart & Stats
$22.30
-$0.50(-2.45%)
At close: 4:00 PM EST
$22.30
-$0.50(-2.45%)
Day’s Range― - ―
52-Week Range$15.48 - $22.93
Previous CloseN/A
Volume342.84K
Average Volume (3M)3.18M
Market Cap
$6.64B
Enterprise Value$10.89B
Total Cash (Recent Filing)$51.13M
Total Debt (Recent Filing)$5.06B
Price to Earnings (P/E)―
Beta1.22
Next Earnings
Aug 05, 2026EPS Estimate
-0.07Next Dividend Ex-DateN/A
Dividend Yield3.61%
Share Statistics
EPS (TTM)-0.71
Shares Outstanding283,461,180
10 Day Avg. Volume2,496,217
30 Day Avg. Volume3,183,284
Financial Highlights & Ratios
PEG Ratio9.49
Price to Book (P/B)1.93
Price to Sales (P/S)4.67
P/FCF Ratio14.73
Enterprise Value/Market Cap1.64
Enterprise Value/Revenue10.80
Enterprise Value/Gross Profit51.24
Enterprise Value/Ebitda20.46
Forecast
1Y Price Target
$22.70Price Target Upside1.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)-0.14
Revenue Forecast (FY)$982.86M
Bulls Say, Bears Say
Bulls Say
Leasing Momentum & ExecutionSustained high leasing volume (1.6M sq ft Q1, large share new) increases occupancy and accelerates cash rents. Durable leasing traction supports stabilization of tenancy mix, drives rent roll growth and foot traffic, and reduces vacancy risk over the next 2–4 years as new stores commence.
Signed-not-open (SNO) Pipeline VisibilityA near-target SNO pipeline (~$116M of $140M) implies predictable, back‑loaded NOI uplift. With ~80% flow‑through expected, these committed openings underpin multi-year NOI and FFO expansion as leased units open and convert to permanent occupancy, strengthening long‑term cash generation.
Positive Operating And Free Cash FlowConsistent positive operating and free cash flow, even while accounting earnings are negative, demonstrates robust cash conversion from property operations. This cash sovereignty supports debt servicing, dispositions, targeted capital projects and deleveraging over multiple quarters.
Bears Say
Elevated LeverageHigh absolute debt vs equity leaves limited financial flexibility and raises refinancing risk if cash momentum falters. Sustained leverage near these levels amplifies interest expense sensitivity and constrains capital allocation choices until dispositions and equity actions materially reduce net debt.
Outstanding Defaulted LoanA lingering loan default creates concentrated financing and reputational risk, potentially limiting refinancing options and increasing near‑term funding costs. Resolution uncertainty can delay balance‑sheet repair and complicate covenant negotiations, affecting strategic execution over coming quarters.
Revenue Weakness & Negative Net IncomeMaterial TTM revenue declines and recurring net losses indicate profitability headwinds despite operational gains. Persistent negative earnings slow equity rebuild, limit retained earnings to self-fund growth, and make the REIT more reliant on dispositions and capital markets to support strategic investments.
Macerich News
MAC FAQ
What was Macerich Company’s price range in the past 12 months?
Macerich Company lowest stock price was $15.48 and its highest was $22.93 in the past 12 months.
What is Macerich Company’s market cap?
Macerich Company’s market cap is $6.64B.
When is Macerich Company’s upcoming earnings report date?
Macerich Company’s upcoming earnings report date is Aug 05, 2026 which is in 64 days.
How were Macerich Company’s earnings last quarter?
Macerich Company released its earnings results on May 06, 2026. The company reported -$0.14 earnings per share for the quarter, missing the consensus estimate of -$0.105 by -$0.035.
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 3.61%. See more information on Macerich Company dividends here
What is Macerich Company’s EPS estimate?
Macerich Company’s EPS estimate is -0.07.
How many shares outstanding does Macerich Company have?
Macerich Company has 283,461,180 shares outstanding.
What happened to Macerich Company’s price movement after its last earnings report?
Macerich Company reported an EPS of -$0.14 in its last earnings report, missing expectations of -$0.105. Following the earnings report the stock price went down -3.869%.
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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Analyst Consensus
Moderate Buy
Average Price Target:
$22.70 (1.79% Upside)
$22.70 (1.79% Upside)
Blogger Sentiment
Bullish
MAC Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 773.8K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 6.0%
Last 30 Days ▲ 1.0%
Last 30 Days ▲ 1.0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
43.30%
12-Months-Change
Fundamentals
Return on Equity
-7.35%
Trailing 12-Months
Asset Growth
-5.63%
Trailing 12-Months
Company Description
Macerich Company
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).
MAC Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents strong operational and leasing momentum: record sales per square foot, robust leasing volume (1.6M sq ft signed, 700k sq ft new), an accretive acquisition (Annapolis), visible SNO pipeline ($116M of $140M target), improved liquidity and meaningful disposition progress (~$1.3B closed). Short-term challenges include modest Q1 NOI growth (weather-impacted), elevated leverage (net debt/EBITDA 7.76x) and one loan in default, plus timing risks tied to remaining lease commencements and remaining dispositions. Overall, the positives — particularly the leasing traction, pipeline visibility, balance sheet actions and accretive portfolio moves — outweigh the near-term financing and timing headwinds.View all MAC earnings summariesMAC Stock 12 Month Forecast
Average Price Target
$22.70
▲(1.79% Upside)
Technical Analysis
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Ownership Overview
0.24% Insiders
30.55% Mutual Funds
19.44% Other Institutional Investors
21.52% Public Companies and
Individual Investors