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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

Stock Price Chart

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

Analyst Consensus: Hold

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

Year2019201820172016201520142013201220112010
Revenue9279609941,0411,2881,1051,029798685712
Revenue Growth-3.42%-3.35%-4.57%-19.17%16.55%7.36%29.09%16.47%-3.77%-
Gross Profit560579598635816663606460384397
Operating Income1941772776746971,752194391113151
Net Income96.8260.021465174881,49942033715725.19
Shares Outstanding141141142147158143140134132120
Earnings Per Share0.680.421.023.523.0810.453.002.511.180.19
EPS Growth61.9%-58.82%-71.02%14.29%-70.53%248.33%19.52%112.71%521.05%-
Dividend Per Share3.002.972.872.756.632.512.362.232.052.10
Dividend Growth1.01%3.48%4.36%-58.52%164.14%6.36%5.83%8.78%-2.38%-
Operating Cash Flow355344386430555401422351237200
Capital Expenditures-188-237-202-259-364-267-727-1,280-247-186
Free Cash Flow167107184170191133-305-928-9.7314.65
Cash & Equivalents11414914314412898.4486.56144136517
Total Debt5,5985,3615,1704,9665,2616,2924,5835,2614,2063,892
Net Cash / Debt-5,484-5,212-5,027-4,822-5,133-6,194-4,496-5,117-4,070-3,375
Assets8,8549,0279,6069,95811,23613,1229,0759,3117,9397,645
Liabilities6,0235,8385,6385,5316,1647,0825,3575,8954,7744,446
Book Value2,6322,9503,6824,1064,7155,6403,3593,0782,8132,890
Numbers in millions USD, except per-share numbers.

Company Profile

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).