The Macerich Company (MAC)

NYSE: MAC · IEX Real-Time Price · USD
15.69
+0.40 (2.62%)
Apr 22, 2024, 4:00 PM EDT - Market closed
2.62%
Market Cap 3.38B
Revenue (ttm) 884.07M
Net Income (ttm) -274.07M
Shares Out 215.72M
EPS (ttm) -1.28
PE Ratio n/a
Forward PE n/a
Dividend $0.68 (4.33%)
Ex-Dividend Date Feb 15, 2024
Volume 850,489
Open 15.47
Previous Close 15.29
Day's Range 15.28 - 15.77
52-Week Range 9.05 - 17.69
Beta 2.36
Analysts Sell
Price Target 14.40 (-8.22%)
Earnings Date Apr 30, 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... [Read more]

Industry REIT - Retail
Sector Real Estate
IPO Date Mar 9, 1994
Employees 655
Stock Exchange NYSE
Ticker Symbol MAC
Full Company Profile

Financial Performance

In 2023, MAC's revenue was $884.07 million, an increase of 2.90% compared to the previous year's $859.16 million. Losses were -$274.07 million, 314.8% more than in 2022.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for MAC stock is "Sell." The 12-month stock price forecast is $14.4, which is a decrease of -8.22% from the latest price.

Price Target
$14.4
(-8.22% downside)
Analyst Consensus: Sell
Stock Forecasts

News

Macerich Schedules First Quarter 2024 Earnings Release and Conference Call

SANTA MONICA, Calif., April 08, 2024 (GLOBE NEWSWIRE) -- WHAT: Macerich (NYSE: MAC) Schedules First Quarter 2024 Earnings Release and Conference Call

14 days ago - GlobeNewsWire

Macerich Marks 30 Years as Public Company, Rings Closing Bell at New York Stock Exchange

New Company President & CEO Jack Hsieh Joined by Senior Executives for Celebratory Milestone New Company President & CEO Jack Hsieh Joined by Senior Executives for Celebratory Milestone

5 weeks ago - GlobeNewsWire

The Macerich Company Announces Grant of Employment Inducement Award in Connection with Appointment of Jackson Hsieh as President and Chief Executive Officer

SANTA MONICA, Calif., March 01, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company”) announced that it granted two inducement equity awards to Jackson Hsieh on March 1, 2024, the ...

7 weeks ago - GlobeNewsWire

Macerich Reports Fourth Quarter 2023 Results

SANTA MONICA, Calif., Feb. 07, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) has released its Fourth Quarter 2023 Earnings Results and Supplemental Information by posting it to the Investo...

2 months ago - GlobeNewsWire

Macerich Declares the Quarterly Dividend on Its Common Shares

SANTA MONICA, Calif., Feb. 02, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.17 per share of common stock. The dividend is...

2 months ago - GlobeNewsWire

Macerich to Welcome Level99 to Tysons Corner Center

Interactive Entertainment Destination for Adults Will Offer Live-Action Play, Dining, Craft Beverages in Washington, D.C. Area

2 months ago - GlobeNewsWire

Macerich to Welcome Life Time to Twenty Ninth Street in Boulder

Location is Life Time's 4th Lease at a Macerich Property, Opening in 2025 Location is Life Time's 4th Lease at a Macerich Property, Opening in 2025

3 months ago - GlobeNewsWire

Macerich Announces Tax Treatment Of 2023 Dividends

SANTA MONICA, Calif., Jan. 22, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) today announced the tax treatment for dividend distributions taxable in 2023 on its Common Stock.

3 months ago - GlobeNewsWire

Macerich Schedules Fourth Quarter 2023 Earnings Release and Conference Call

SANTA MONICA, Calif., Jan. 08, 2024 (GLOBE NEWSWIRE) -- WHAT: Macerich (NYSE: MAC) Schedules Fourth Quarter 2023 Earnings Release and Conference Call

3 months ago - GlobeNewsWire

Hudson Pacific and Macerich Complete $700 Million Sale of One Westside and Westside Two

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, and Macerich (NYSE: MAC), one of the nation...

Other symbols: HPP
3 months ago - Business Wire

Macerich Completes $710 Million Refinancing of Tysons Corner Center

SANTA MONICA, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of major retail and mixed-use properties in top markets, toda...

4 months ago - GlobeNewsWire

Macerich Breaks Above 6% Yield Territory

In trading on Tuesday, shares of Macerich were yielding above the 6% mark based on its quarterly dividend (annualized to $0.68)

5 months ago - Forbes

2 “Santa Claus” Dividends To Buy Before 2024

Look, we've all loved watching our dividend payers rocket to the moon these past few weeks. Best part is, most of the market has been onboard!

Other symbols: KSS
5 months ago - Forbes

Macerich Reports Third Quarter 2023 Results

SANTA MONICA, Calif., Oct. 31, 2023 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) has released its Third Quarter 2023 Earnings Results and Supplemental Information by posting it to the Investor...

6 months ago - GlobeNewsWire

Macerich Achieves Sector Leading Ranking, Green Star Rating in GRESB Real Estate Assessment

Retail REIT Again Recognized for Industry-Leading Commitment to Performance and ESG Practices Retail REIT Again Recognized for Industry-Leading Commitment to Performance and ESG Practices

6 months ago - GlobeNewsWire

Macerich's Chandler Fashion Center Outside Phoenix Announces Successful Opening of Arizona's First SCHEELS

250,000-Square-Foot, Experience-Focused Sporting Goods Retailer Welcomed First Shoppers Saturday, Sept. 30 New Retailer Takes Place of Former Department Store, Approximately 100,000 SF Larger Than Pre...

7 months ago - GlobeNewsWire

Macerich's Kings Plaza in Brooklyn Continues Transformation Through Leasing Successes, Targeted Renovations

New Stores Open in Former Sears Space – Including 3-Level Target, Primark, Zara and Burlington – Expected to Deliver Nearly 8 Times More in Annual Sales Than Sears

7 months ago - GlobeNewsWire

Macerich Schedules Third Quarter 2023 Earnings Release and Conference Call

SANTA MONICA, Calif., Sept. 27, 2023 (GLOBE NEWSWIRE) -- WHAT: Macerich (NYSE: MAC) Schedules Third Quarter 2023 Earnings Release and Conference Call

7 months ago - GlobeNewsWire

Macerich Closes Amended and Restated $650 Million Revolving Credit Facility

New Credit Facility Enhances Company's Liquidity, Flexibility for Long-Term Growth New Credit Facility Enhances Company's Liquidity, Flexibility for Long-Term Growth

7 months ago - GlobeNewsWire

Macerich's Current Redevelopment at Scottsdale Fashion Square Progresses with More Retail Space for Men, More Dining

Men's Luxury at Scottsdale Fashion Square Continues to Deliver Remarkable Success with Standalone Gucci and Louis Vuitton Men's Stores

8 months ago - GlobeNewsWire

Macerich Passes Through 6% Yield Mark

In trading on Monday, shares of Macerich were yielding above the 6% mark based on its quarterly dividend (annualized to $0.68)

8 months ago - Forbes

Macerich Reports Record Leasing Volumes

A Media Snippet accompanying this announcement is available by clicking on the image or link below:  https://ml.globenewswire.com/1.0/snippet/2440/eng

8 months ago - GlobeNewsWire

Macerich Reports Second Quarter 2023 Results

SANTA MONICA, Calif., Aug. 08, 2023 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) has released its Second Quarter 2023 Earnings Results and Supplemental Information by posting it to the Investo...

9 months ago - GlobeNewsWire

Macerich's ‘Give Back for Back to School' Program in Full Swing

Last Year's Inaugural ‘Give Back for BTS' Program Impacted 20,000+ Students Nationwide Retail Property Leader Heads into a Key Shopping Season with Optimism SANTA MONICA, Calif., Aug. 02, 2023 (GLOBE ...

9 months ago - GlobeNewsWire

Olivia Bartel Leigh of Macerich Named to GlobeSt.com Women of Influence Class of 2023

Macerich EVP Portfolio Operations and People Honored as a Top CRE Executive Macerich EVP Portfolio Operations and People Honored as a Top CRE Executive

9 months ago - GlobeNewsWire