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The Macerich Company (MAC)

Stock Price: $11.27 USD 0.87 (8.37%)
Updated December 3, 3:02 PM EST - Market open

Stock Price Chart

Key Info

Market Cap 1.68B
Revenue (ttm) 833.22M
Net Income (ttm) -12.89M
Shares Out 149.63M
EPS (ttm) -0.10
PE Ratio n/a
Forward PE 65.79
Dividend $0.60
Dividend Yield 5.32%

Stock Quote

Trading Day December 3
Last Price $11.27
Previous Close $10.40
Change ($) 0.87
Change (%) 8.37%
Day's Open 10.66
Day's Range 10.34 - 11.59
Day's Volume 8,278,600
52-Week Range 4.82 - 25.59

More Stats

Market Cap 1.68B
Enterprise Value 7.28B
Earnings Date (est) n/a
Ex-Dividend Date Nov 6, 2020
Shares Outstanding 149.63M
Float n/a
EPS (basic) -0.09
EPS (diluted) -0.10
FCF / Share 0.15
Dividend $0.60
Dividend Yield 5.32%
Earnings Yield n/a
FCF Yield 1.31%
Payout Ratio n/a
Shares Short 72.42M
Short Ratio 14.62
Short % of Float n/a
Beta 2.02
PE Ratio n/a
Forward PE 65.79
P/FCF Ratio 76.59
PS Ratio 2.02
PB Ratio 0.66
Revenue 833.22M
Operating Income 104.17M
Net Income -12.89M
Free Cash Flow 22.00M
Net Cash -5.59B
Net Cash / Share -37.42
Gross Margin 73.24%
Operating Margin 12.50%
Profit Margin -1.50%
FCF Margin 2.64%
ROA 0.88%
ROE -0.39%
ROIC 0.70%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (17)

Buy 3
Overweight 0
Hold 7
Underweight 1
Sell 6

Analyst Consensus: Hold

Price Target

$11.08*
(-1.69% downside)
Low
4.00
Current: $11.27
High
57.00
Target: 11.08
*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 O'Hern

Stock Information

Ticker Symbol MAC
Stock Exchange NYSE
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).