The Macerich Company (MAC)
Stock Price:
$8.23 USD
0.38 (4.84%)
Updated Aug 10, 2020 4:00 PM EDT - Market closed
After-hours: $8.20 -0.03 (-0.37%) Aug 10, 7:58 PM
Key Info
| Market Cap |
1.98B |
| Revenue (ttm) |
974.32M |
| Net Income (ttm) |
96.52M |
| Shares Out |
149.44M |
| EPS (ttm) |
0.67 |
| PE Ratio |
12.28 |
| Forward PE |
65.79 |
| Dividend |
$0.60 |
| Dividend Yield |
7.29% |
Stock Quote
| Trading Day |
Aug 10, 2020 |
| Last Price |
$8.23 |
| Previous Close |
$7.85 |
| Change ($) |
0.38 |
| Change (%) |
4.84% |
| Day's Open |
8.02 |
| Day's Range |
8.02 - 8.55 |
| Day's Volume |
8,819,965 |
| 52-Week Range |
4.81 - 34.13 |
More Stats
| Market Cap |
1.98B |
| Enterprise Value |
7.52B |
| Earnings Date (est) |
Aug 11, 2020 |
| Ex-Dividend Date |
Apr 21, 2020 |
| Shares Outstanding |
149.44M |
| Float |
117.23M |
| EPS (basic) |
0.68 |
| EPS (diluted) |
0.67 |
| FCF / Share |
0.90 |
| Dividend |
$0.60 |
| Dividend Yield |
7.29% |
| Earnings Yield |
8.14% |
| FCF Yield |
6.43% |
| Payout Ratio |
441.20% |
| Shares Short |
68.60M |
| Short Ratio |
11.23 |
| Short % of Float |
82.09% |
| Beta |
1.72 |
| PE Ratio |
12.28 |
| Forward PE |
65.79 |
| P/FCF Ratio |
15.56 |
| PS Ratio |
2.03 |
| PB Ratio |
0.46 |
| Revenue |
974.32M |
| Operating Income |
165.43M |
| Net Income |
96.52M |
| Free Cash Flow |
126.94M |
| Net Cash |
-5.54B |
| Net Cash / Share |
-23.08 |
| Gross Margin |
62.45% |
| Operating Margin |
16.98% |
| Profit Margin |
10.40% |
| FCF Margin |
13.03% |
| ROA |
1.74% |
| ROE |
3.53% |
| ROIC |
1.40% |
Stats based on trailing-twelve-month (ttm) numbers.
Analyst Summary
Analyst Ratings (16)
| Buy |
2 |
| Overweight |
0 |
| Hold |
9 |
| Underweight |
0 |
| Sell |
5 |
Price Target
$11.06*
(34.39% upside)
Low
4.00
Current: $8.23
High
57.00
Target: 11.06
*Average 12-month price target from 16 stock analysts.
Financial Performance
Financial numbers in millions USD.
Financial Overview
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|
| Revenue | 927 | 960 | 994 | 1,041 | 1,288 | 1,105 | 1,029 | 798 | 685 | 712 |
| Revenue Growth | -3.42% | -3.35% | -4.57% | -19.17% | 16.55% | 7.36% | 29.09% | 16.47% | -3.77% | - |
| Gross Profit | 560 | 579 | 598 | 635 | 816 | 663 | 606 | 460 | 384 | 397 |
| Operating Income | 194 | 177 | 277 | 674 | 697 | 1,752 | 194 | 391 | 113 | 151 |
| Net Income | 96.82 | 60.02 | 146 | 517 | 488 | 1,499 | 420 | 337 | 157 | 25.19 |
| Shares Outstanding | 141 | 141 | 142 | 147 | 158 | 143 | 140 | 134 | 132 | 120 |
| Earnings Per Share | 0.68 | 0.42 | 1.02 | 3.52 | 3.08 | 10.45 | 3.00 | 2.51 | 1.18 | 0.19 |
| EPS Growth | 61.9% | -58.82% | -71.02% | 14.29% | -70.53% | 248.33% | 19.52% | 112.71% | 521.05% | - |
| Dividend Per Share | 3.00 | 2.97 | 2.87 | 2.75 | 6.63 | 2.51 | 2.36 | 2.23 | 2.05 | 2.10 |
| Dividend Growth | 1.01% | 3.48% | 4.36% | -58.52% | 164.14% | 6.36% | 5.83% | 8.78% | -2.38% | - |
| Operating Cash Flow | 355 | 344 | 386 | 430 | 555 | 401 | 422 | 351 | 237 | 200 |
| Capital Expenditures | -188 | -237 | -202 | -259 | -364 | -267 | -727 | -1,280 | -247 | -186 |
| Free Cash Flow | 167 | 107 | 184 | 170 | 191 | 133 | -305 | -928 | -9.73 | 14.65 |
| Cash & Equivalents | 114 | 149 | 143 | 144 | 128 | 98.44 | 86.56 | 144 | 136 | 517 |
| Total Debt | 5,598 | 5,361 | 5,170 | 4,966 | 5,261 | 6,292 | 4,583 | 5,261 | 4,206 | 3,892 |
| Net Cash / Debt | -5,484 | -5,212 | -5,027 | -4,822 | -5,133 | -6,194 | -4,496 | -5,117 | -4,070 | -3,375 |
| Assets | 8,854 | 9,027 | 9,606 | 9,958 | 11,236 | 13,122 | 9,075 | 9,311 | 7,939 | 7,645 |
| Liabilities | 6,023 | 5,838 | 5,638 | 5,531 | 6,164 | 7,082 | 5,357 | 5,895 | 4,774 | 4,446 |
| Book Value | 2,632 | 2,950 | 3,682 | 4,106 | 4,715 | 5,640 | 3,359 | 3,078 | 2,813 | 2,890 |
Numbers in millions USD, except per-share numbers.
Company Details
| Full Name |
The Macerich Company |
| Country |
United States |
| Employees |
723 |
| CEO |
Thomas E. O'Hern |
Stock Information
| Ticker Symbol |
MAC |
| Stock Exchange |
New York Stock Exchange |
| Sector |
Real Estate |
| Industry |
REIT—Retail |
| Unique Identifier |
NYSE: MAC |
| IPO Date |
March 9, 1994 |
Description
Macerich is a fully integrated, self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the West Coast, Arizona, Chicago and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for five straight years (2015 ? 2019).