Macerich Earnings: Makes Progress on Leasing Targets and Dispositions of Noncore Properties
Macerich reported funds from operations of $0.37 per share and same-store net operating income growth of 3.8% for the third quarter.
Macerich Co MAC
Bulls Say, Bears Say
Bulls
Macerich has proficiently managed its portfolio over the past several years, trading out of noncore assets while reinvesting in its best assets and refining its tenant mix.
Bears
Shifts in consumer behavior, the greater adoption of e-commerce, and other technological advances can and will significantly disrupt retailer and mall profitability.
News
Macerich Reports Third Quarter 2026 Earnings Results
Macerich Declares the Quarterly Dividend on Its Common Shares
Destination Dining, Food Experiences Drive Restaurant Leasing Momentum Across Macerich Portfolio of Class A Retail Properties
Macerich Schedules Third Quarter 2026 Earnings Release and Conference Call
Macerich To Present at BofA Securities 2026 Global Real Estate Conference
Trading Information
- Previous Close Price
- $25.29
- Day Range
- $24.84–25.69
- 52-Week Range
- $16.03–26.68
- Bid/Ask
- $25.22 / $25.96
- Shares Outstanding
- 283.56M
- Market Cap
- $7.26B
- Volume/Avg
- 3M / 3M
Key Statistics
- Price/Earnings (Normalized)
- —
- Price/Sales
- 6.78
- Dividend Yield (Trailing)
- 2.65%
- Dividend Yield (Forward)
- 2.65%
- Dividend Payment Schedule
- Mar, Jun, Sep, Dec
- Total Yield
- 2.65%
Company Profile
Macerich invests in premium mall assets. The company owns 28 regional malls in its consolidated portfolio and nine regional malls in its unconsolidated portfolio along with a power center and six other real estate assets. The company's total portfolio has 39.9 million square feet of gross leasable area and averaged $199 in sales per square foot over the 12 months ended in June 2026.
- Sector
- Real Estate
- Industry
- REIT - Retail
- Stock Style Box
- Small Core
- Total Number of Employees
- 598
- Website
- https://www.macerich.com
Competitors
Valuation
Metric | MAC | FRT | SPG |
|---|---|---|---|
Price/Earnings (Normalized) | — | 39.38 | 33.56 |
Price/Book Value | 2.67 | 3.18 | 18.69 |
Price/Sales | 6.78 | 7.33 | 10.64 |
Price/Cash Flow | 24.45 | 15.22 | 16.41 |
Price/Earnings
MAC
FRT
SPG
Financial Strength
Metric | MAC | FRT | SPG |
|---|---|---|---|
Quick Ratio | 0.94 | 0.99 | 0.39 |
Current Ratio | 1.03 | 0.99 | 0.39 |
Interest Coverage | 0.63 | 3.26 | 5.66 |
Quick Ratio
MAC
FRT
SPG
Profitability
Metric | MAC | FRT | SPG |
|---|---|---|---|
Return on Assets (Normalized) | −0.57% | 5.17% | 8.62% |
Return on Equity (Normalized) | −1.86% | 15.02% | 80.12% |
Return on Invested Capital (Normalized) | 2.78% | 7.25% | 12.19% |
Return on Assets
MAC
FRT
SPG
REIT - Retail Industry Comparables
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| Federal Realty Investment Trust FRT | LOCK|BFKj#XB | LOCK|T?R | $10B |
United States