Macerich Company MAC Stock Analysis
- NYSE
- Stock
- After hours · opens Monday 9:30 AM ET
$24.80 down $0.22, 0.88% on Nov 6
Last price · Previous close $25.02
- Market cap
- $6.48BAt the last price
- P/E ratio
- n/mLoss over last 12 months
- Diluted EPS
- −$0.65Last 12 months
- Dividend yield
- 2.74%Last 12 months
Price chart
$24.80down $0.22, 0.88%Fri, Nov 6 session
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Previous close$25.02Nov 5
- Volume5.23MNov 5 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume3.14MLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- 52-week range: $16.03 to $26.68; now $24.80
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
Performance
Past performance, measured to the last price. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
MAC beat the S&P 500 in 5 of 7 periods.
| Period | MAC and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | MAC: up 8.1% S&P 500: down 5.6% | MAC beat the S&P 500 by 13.7 percentage points Beat |
| 3M | MAC: up 6.4% S&P 500: down 4.1% | MAC beat the S&P 500 by 10.5 percentage points Beat |
| YTD | MAC: up 37.5% S&P 500: up 8.7% | MAC beat the S&P 500 by 28.8 percentage points Beat |
| 1Y | MAC: up 47.2% S&P 500: up 10.9% | MAC beat the S&P 500 by 36.3 percentage points Beat |
| Long term | ||
| 3Y | MAC: up 164.3% S&P 500: up 75.0% +38.3% vs +20.5% a year | MAC beat the S&P 500 by 89.3 percentage points Beat |
| 5Y | MAC: up 39.3% S&P 500: up 67.9% +6.9% vs +10.9% a year | MAC trailed the S&P 500 by 28.6 percentage points Trailed |
| 10Y | MAC: down 37.1% S&P 500: up 313.3% −4.5% vs +15.2% a year | MAC trailed the S&P 500 by 350.4 percentage points Trailed |
$10,000 invested in MAC 10 years ago (Nov 4, 2016) would be worth about $6,291 as of , with dividends reinvested. The same amount in the S&P 500 would be worth about $41,326.
MAC beat the S&P 500 in 5 of 7 periods.
| Period | MAC and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | MAC: up 8.1% S&P 500: down 5.6% | MAC beat the S&P 500 by 13.7 percentage points Beat |
| 3M | MAC: up 5.6% S&P 500: down 4.3% | MAC beat the S&P 500 by 9.9 percentage points Beat |
| YTD | MAC: up 34.3% S&P 500: up 7.9% | MAC beat the S&P 500 by 26.4 percentage points Beat |
| 1Y | MAC: up 42.5% S&P 500: up 9.7% | MAC beat the S&P 500 by 32.8 percentage points Beat |
| Long term | ||
| 3Y | MAC: up 134.6% S&P 500: up 68.8% +32.9% vs +19.1% a year | MAC beat the S&P 500 by 65.8 percentage points Beat |
| 5Y | MAC: up 11.7% S&P 500: up 57.0% +2.2% vs +9.4% a year | MAC trailed the S&P 500 by 45.3 percentage points Trailed |
| 10Y | MAC: down 63.3% S&P 500: up 252.7% −9.5% vs +13.4% a year | MAC trailed the S&P 500 by 316.0 percentage points Trailed |
$10,000 invested in MAC 10 years ago (Nov 4, 2016) would be worth about $3,670 as of , not counting dividends. The same amount in the S&P 500 would be worth about $35,269.
All-time high
$103.32
Closing high on . Now 76.0% below that record.
Split-adjusted daily closes since Mar 10, 1994.
Stock splits
MAC hasn’t split since its price history begins in 1994.
Valuation
The last price compared with the last 12 months of reported results (the four quarters to Jun 30, 2026). Tap a metric to see how it’s calculated.
Price-to-earnings (P/E)
n/mDiluted EPS of −$0.65 over the last 12 months
A P/E ratio isn’t meaningful while earnings over the last 12 months are negative. When MAC was profitable over the past five years, its P/E ranged from 44.8× to 279.9×, with a median of 59.7×. How to read P/E
Other valuation measures
- 6.4×Last 12 months’ revenue
Market value divided by revenue over the last 12 months. Useful when earnings are small or negative.
P/S = Market cap ÷ Revenue (last 12 months)Price-to-sales ratio - 2.3×Book value as of Jun 30, 2026
Price relative to accounting equity (book value) per share on the Jun 30, 2026 balance sheet. Asset-light companies often trade far above book value.
P/B = Price ÷ Book value per sharePrice-to-book ratio - 24.1×Last 12 months’ EBITDA
Enterprise value divided by EBITDA over the last 12 months. It compares companies with different amounts of debt.
EV/EBITDA = Enterprise value ÷ EBITDA (last 12 months)EV/EBITDA explained - −2.87%Last 12 months’ free cash flow
Free cash flow over the last 12 months as a share of the company’s market value: the cash the business generated for each dollar of stock.
FCF yield = Free cash flow (last 12 months) ÷ Market capFree cash flow - $11.08BAt the last price
What it would cost to buy the whole business: the market cap at the last price, plus debt, minus cash and short-term investments from the Jun 30, 2026 balance sheet.
EV = Market cap + Debt − Cash and short-term investmentsEV/EBITDA explained
Build your own MAC DCF in Excel. Value Macerich with your own growth and margin assumptions.Browse DCF models Free DCF calculator
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q2 FY26, the quarter ended Jun 30, 2026. “Last 12 months” means the four quarters from Jul 1, 2025 to Jun 30, 2026, and balance-sheet figures are as of Jun 30, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $1.01Bup 1.3%
- Net income
- −$169.54M
- Diluted EPS
- −$0.65
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q3 FY24 (Sep 30, 2024) | $220.22M | −$108.19M | −$0.50 |
| Q4 FY24 (Dec 31, 2024) | $273.68M | −$211.21M | −$0.96 |
| Q1 FY25 (Mar 31, 2025) | $249.22M | −$50.12M | −$0.20 |
| Q2 FY25 (Jun 30, 2025) | $249.79M | −$40.91M | −$0.16 |
| Q3 FY25 (Sep 30, 2025) | $253.26M | −$87.36M | −$0.34 |
| Q4 FY25 (Dec 31, 2025) | $261.70M | −$18.76M | −$0.07 |
| Q1 FY26 (Mar 31, 2026) | $241.54M | −$36.35M | −$0.14 |
| Q2 FY26 (Jun 30, 2026) | $249.71M | −$27.07M | −$0.10 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY21 (Dec 31, 2021) | $847.44M | $14.26M | $0.07 |
| FY22 (Dec 31, 2022) | $859.16M | −$66.07M | −$0.31 |
| FY23 (Dec 31, 2023) | $884.07M | −$274.07M | −$1.28 |
| FY24 (Dec 31, 2024) | $918.20M | −$194.12M | −$0.88 |
| FY25 (Dec 31, 2025) | $1.01B | −$197.15M | −$0.78 |
Margins
- Gross 54.0%
- Operating 7.8%
- Net −16.8%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- −$186.19MLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow$306.84MLast 12 months
- Capital spending$493.03MLast 12 months
- −18.5%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- $587.86MLast 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paid$192.87MLast 12 months
- Total returned$192.87MLast 12 months
Balance sheet
- Not reportedAs of Jun 30, 2026
Cash plus short- and long-term marketable securities on the Jun 30, 2026 balance sheet.
- Total debt$4.91BAs of Jun 30, 2026
- 1.74As of Jun 30, 2026
Total debt divided by shareholders’ equity on the Jun 30, 2026 balance sheet: a measure of financial leverage.
D/E = Total debt ÷ Shareholders’ equityDebt-to-equity ratio
Financial strength
- −6.6%Last 12 months
Over the last 12 months, Macerich lost money: its net loss was 6.6% of its shareholders’ equity (averaged over the last four quarter-ends). It describes the past year, not an expected return.
ROE = Net income (last 12 months) ÷ Average equityReturn on equity - −2.0%Last 12 months
Over the last 12 months, Macerich’s net loss was 2.0% of its total assets (averaged over the last four quarter-ends).
ROA = Net income (last 12 months) ÷ Average total assets
Dividends
Cash dividends per share by ex-dividend year, adjusted for splits.
Dividends per share
Data table
| Year | Per share |
|---|---|
| 2016 | $2.75 |
| 2017 | $2.87 |
| 2018 | $2.97 |
| 2019 | $3.00 |
| 2020 | $1.15 |
| 2021 | $0.60 |
| 2022 | $0.62 |
| 2023 | $0.68 |
| 2024 | $0.68 |
| 2025 | $0.68 |
| 2026 (to date) | $0.51 |
Dividend details
- $0.68Per share, last 12 months
Cash dividends per share with ex-dividend dates in the last 12 months.
- 2.74%; 5-yr low 2.00%, 5-yr high 8.71%Last 12 months
Dividends paid over the last 12 months as a share of the last price. The bar shows where that yield sits in its range over the past five years; the median was 4.14%.
- $0.17Ex-dividend
The most recent payment per share. Shares bought on or after the ex-dividend date don’t receive it.
- FrequencyQuarterly4 payments in the last 12 months
- down 10.0% a yearFull years 2020–2025
The compound annual growth rate of the full-year dividend per share from 2020 to 2025.
About Macerich Company
Macerich is a fully integrated, self-managed, self-administered real estate investment trust (REIT). As a leading owner, operator, and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 43 million square feet of real estate, consisting primarily of interests in 40 retail centers. Macerich is firmly dedicated to advancing environmental goals, social good, and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for ten consecutive years (2015-2024).
- Sector
- Real Estate
- Industry
- REIT - Retail
- Headquarters
- California, USA
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- NYSE
- Asset type
- Common stock
- Price history since
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MAC stock FAQ
What is MAC stock’s price today?
Macerich (MAC) traded at $24.80 as of , down $0.22 (0.88%) from the previous close of $25.02. Over the past 52 weeks it has traded between $16.03 and $26.68.
If you invested $1,000 in MAC 10 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in MAC on would be worth about $629 as of , a total return of −37.1%. The same $1,000 would be worth $1,393 if invested five years ago, $1,472 if invested one year ago, $957 if invested 20 years ago, and $6,468 if invested 30 years ago. Past performance doesn’t predict future returns.
What is Macerich’s market cap?
Macerich’s market capitalization is about $6.5 billion. That’s Tiingo’s daily market cap for , scaled to the last price of $24.80 on (how market cap works). Macerich reported 261.38M shares outstanding at the end of its latest quarter ().
What is MAC’s P/E ratio?
MAC’s P/E ratio isn’t meaningful right now because its earnings over the four quarters to are negative (diluted EPS of −$0.65). When it was profitable over the past five years, its P/E ranged from 44.8 to 279.9.
How much revenue does Macerich make?
Macerich reported $1.0 billion of revenue over the four quarters to , up 1.3% from the twelve months before. In its latest quarter (Q2 FY26, ended ) revenue was $249.7 million, down 0.0% from a year earlier.
Is Macerich profitable?
Not over the four quarters to . Macerich reported a net loss of $169.5 million across those four quarters on $1.0 billion of revenue. Its operations were still profitable before interest, other items and taxes, with $78.5 million of operating income.
What are MAC’s earnings per share?
MAC’s diluted earnings per share were −$0.65 over the four quarters to , compared with −$1.82 in the twelve months before. The latest quarter (Q2 FY26) brought −$0.10 per share, against −$0.16 a year earlier (how EPS works).
Does MAC pay a dividend?
Yes. Macerich pays a quarterly dividend. The most recent was $0.17 per share, with an ex-dividend date of . Over the last twelve months it paid $0.68 per share, a 2.74% yield at the last price on (how dividend yield works).
Based on the last 12 months’ payments ($0.68 per share), and if the next 12 months match the last 12, 100 shares would receive about $68 over 12 months, and $1,000 over 12 months would take about 1,471 shares, roughly $36,481 at the last price on . Dividends can change.
What is MAC’s 52-week high and low?
Over the past 52 weeks MAC has traded as low as $16.03 and as high as $26.68. At $24.80 as of , it is 7.0% below that high and 54.7% above the low.
What is MAC’s all-time high?
MAC’s highest closing price was $103.32 on , adjusted for stock splits. At $24.80 as of , it is 76.0% below that record.
Has MAC stock ever split?
No. MAC hasn’t split since its price history begins in 1994.
How has MAC stock performed?
Including dividends and measured to the last price on , MAC has returned +37.5% so far this year and +47.2% over the past year, and +39.3% over five years (+6.9% a year). Over the same periods the S&P 500, measured by SPY, returned +8.7%, +10.9% and +67.9%. Past performance doesn’t predict future returns.
What sector and industry is Macerich in?
Macerich is in the Real Estate sector and the REIT - Retail industry, and is headquartered in California, USA.
What exchange does MAC trade on?
Macerich trades on the NYSE under the ticker symbol MAC. Its price history on this dashboard begins on .
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
This page is for education, not investment advice. Past performance doesn't predict future returns. Logos provided by Logo.dev (opens in a new tab).
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