Macerich Company
$ 24.40
3.87%
07 Aug - close price
- Market Cap 6,930,263,000 USD
- Current Price $ 24.40
- High / Low $ 24.52 / 23.53
- Stock P/E N/A
- Book Value 9.35
- EPS -0.61
- Next Earning Report -
- Dividend Per Share $0.68
- Dividend Yield 2.68 %
- Next Dividend Date -
- ROA 0.01 %
- ROE -0.06 %
- 52 Week High 26.68
- 52 Week Low 15.63
About
The Macerich Company (MAC) is a leading real estate investment trust (REIT) focused on acquiring, leasing, and managing a high-quality portfolio of retail properties in prime markets across the United States. Renowned for its upscale shopping centers and mixed-use developments, Macerich prioritizes tenant performance and exceptional customer experiences to adapt to the evolving retail landscape. With a strong emphasis on sustainability and operational efficiency, the company is well-positioned to achieve long-term growth and value creation for its shareholders.
Analyst Target Price
$26.19
Quarterly Earnings
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reported Date | 2026-08-04 | 2026-05-06 | 2026-02-18 | 2025-11-04 | 2025-08-11 | 2025-05-12 | 2025-02-27 | 2024-11-06 | 2024-07-31 | 2024-04-30 | 2024-02-07 | 2023-10-31 |
| Reported EPS | 0.35 | -0.16 | 0.48 | -0.16 | -0.12 | -0.14 | 0.0314 | -0.42 | -0.34 | -0.4 | 0.27 | -0.53 |
| Estimated EPS | 0.33 | -0.1 | 0.43 | -0.1 | -0.09 | -0.11 | 0.03 | -0.12 | -0.09 | -0.11 | 0.01 | -0.08 |
| Surprise | 0.02 | -0.06 | 0.05 | -0.06 | -0.03 | -0.03 | 0.0014 | -0.3 | -0.25 | -0.29 | 0.26 | -0.45 |
| Surprise Percentage | 6.0606% | -60% | 11.6279% | -60% | -33.3333% | -27.2727% | 4.6667% | -250% | -277.7778% | -263.6364% | 2600% | -562.5% |
Next Quarterly Earnings
| Reported Date |
| Fiscal Date Ending |
| Estimated EPS |
| Currency |
Previous Dividend Records
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Jan 1970 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Payment Date | 2026-09-28 | 2026-06-29 | 2026-03-30 | 2025-12-29 | 2025-09-23 | 2025-06-17 | None | 2024-12-02 | 2024-09-09 | 2024-06-03 |
| Amount | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 |
Next Dividend Records
| Dividend per share (year): | - |
| Dividend Yield | - |
| Next Dividend Date | - |
| Ex-Dividend Date | - |
Recent News: MAC
2026-08-07 13:10:48
Mall REIT Macerich upsized its exchangeable senior notes deal to $675 million, with an exchange price of approximately $28.19 per share. The company plans to use the net proceeds, estimated between $659 million and $757 million, for capped call transactions, debt repayment, and general corporate purposes. This financing strategy aims to manage potential share dilution and ease refinancing pressures.
2026-08-07 13:10:48
Macerich (NYSE: MAC) has priced an upsized $675 million offering of 2.25% exchangeable senior notes due 2031 through its operating partnership. This private placement to qualified institutional buyers was increased from an initial $600 million and is set to settle on August 11, 2026. The deal ranks in the 92nd percentile by size for post-IPO convertible rounds among comparable companies over the last 48 months.
2026-08-07 11:10:48
Macerich's operating partnership priced an upsized private offering of $675 million in 2.25% exchangeable senior notes due 2031, with an option for an additional $100 million. The net proceeds, estimated to be between $659.1 million and $757.0 million, will primarily be used to refinance existing secured debt and for general corporate purposes, with a portion funding capped call transactions to mitigate potential dilution. The notes have an initial exchange price of approximately $28.19 per share, representing a 20% premium over the August 6, 2026 share price.
2026-08-06 22:10:11
Macerich Co (MAC) shares recently dropped 7.5%, closing at $23.49, yet GuruFocus's GF Value still indicates the stock is significantly overvalued by 52.4%, with an estimated intrinsic value of $15.41. The company faces financial challenges, including unprofitability and cash flow issues, making traditional P/E valuations inapplicable; its GF Score of 56/100 highlights strong momentum but weak growth and financial strength. Guru activity is mixed, and there have been no insider transactions, suggesting caution for potential investors.
2026-08-06 21:10:11
Macerich (MAC) stock fell 7.6% due to investor concerns over a proposed exchangeable senior notes offering, which could lead to dilution, and a Q2 earnings miss. Despite solid operating trends like 3.8% year-over-year NOI growth and 94% occupancy, debt maturities, including a defaulted $76 million loan, remain a key issue for investors. Hedge funds show mixed activity, with some adding and others removing significant shares of MAC stock.
2026-08-06 13:10:11
Analysts from J.P. Morgan and Truist Financial have issued bullish sentiments for real estate companies Blackstone Mortgage (BXMT) and Macerich (MAC), respectively. Richard Shane maintained a Buy rating for Blackstone Mortgage with an $18.00 price target, while Michael Lewis upheld a Buy rating for Macerich. Both companies have a "Moderate Buy" consensus among analysts, with price targets indicating potential upside.
