The Macerich Company (MAC)

Market Cap	4.58B
Revenue (ttm)	788.29M
Net Income (ttm)	78.41M
Shares Out	235.41M
EPS (ttm)	0.36
PE Ratio	54.37
Forward PE	n/a
Dividend	$0.68 (3.49%)
Ex-Dividend Date	Nov 12, 2024

Volume	584,703
Open	19.42
Previous Close	19.58
Day's Range	19.29 - 19.54
52-Week Range	10.75 - 20.40
Beta	2.48
Analysts	Hold
Price Target	16.40 (-15.77%)
Earnings Date	Nov 6, 2024

About MAC

Macerich is a fully integrated, self-managed and 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 47 million square feet of real estate consisting primarily of interests i...

• Industry: REIT - Retail
• Sector: Real Estate
• IPO Date: Mar 9, 1994
• Employees: 655
• Stock Exchange: NYSE
• Ticker Symbol: MAC
• Website: https://www.macerich.com

Financial Performance

In 2023, The Macerich Company's revenue was $856.41 million, a decrease of -1.05% compared to the previous year's $865.51 million. Losses were -$274.94 million, 310.8% more than in 2022.

Analyst Forecast

According to 9 analysts, the average rating for MAC stock is "Hold." The 12-month stock price forecast is $16.4, which is a decrease of -15.77% from the latest price.

Price Target

$16.4

(-15.77% downside)

Analyst Consensus: Hold