The Macerich Company (MAC)
NYSE: MAC · Real-Time Price · USD
17.08
-0.01 (-0.03%)
Mar 31, 2025, 1:25 PM EDT - Market open

The Macerich Company Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 2019 - 2015
Period Ending
Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 2019 - 2015
Rental Revenue
850.45809.02800.55787.55740.32
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Property Management Fees
29.8130.1928.5126.0223.46
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Other Revenue
19.0317.236.4554.39-4.8
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Total Revenue
899.3856.41865.51867.96758.98
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Revenue Growth (YoY
5.01%-1.05%-0.28%14.36%-22.27%
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Property Expenses
430.27394.89390.35380.88347.98
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Selling, General & Administrative
28.1529.2427.1630.0630.34
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Depreciation & Amortization
294.78282.36291.61311.13319.62
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Total Operating Expenses
753.19706.49709.13722.07697.94
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Operating Income
146.11149.92156.38145.961.05
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Interest Expense
-231.25-197.13-216.85-196.4-210.83
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Interest & Investment Income
11.2624.21-3.72135.28
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EBT Excluding Unusual Items
-73.88-23-60.47-46.78-14.51
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Gain (Loss) on Sale of Investments
-178.45-129.28-11.6-4.840.01
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Gain (Loss) on Sale of Assets
38.96-134.527.775.74-68.11
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Asset Writedown
-----163.3
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Other Unusual Items
14.48.21--1.01-
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Pretax Income
-198.97-278.59-64.3723.11-245.91
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Income Tax Expense
-1.3-0.490.716.95-0.45
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Earnings From Continuing Operations
-197.67-278.1-65.0816.16-245.46
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Minority Interest in Earnings
3.554.03-0.99-1.915.26
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Net Income
-194.12-274.07-66.0714.26-230.2
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Preferred Dividends & Other Adjustments
0.910.870.860.851.05
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Net Income to Common
-195.03-274.94-66.9213.41-231.25
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Basic Shares Outstanding
222216215198146
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Diluted Shares Outstanding
222216215198146
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Shares Change (YoY)
2.92%0.24%8.56%35.45%3.46%
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EPS (Basic)
-0.88-1.28-0.310.07-1.58
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EPS (Diluted)
-0.88-1.28-0.310.07-1.58
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Dividend Per Share
0.6800.6800.6200.6001.550
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Dividend Growth
-9.68%3.33%-61.29%-48.33%
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Operating Margin
16.25%17.51%18.07%16.81%8.04%
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Profit Margin
-21.69%-32.10%-7.73%1.54%-30.47%
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EBITDA
446.68443.21458.86470.3385
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EBITDA Margin
49.67%51.75%53.02%54.18%50.73%
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D&A For Ebitda
300.58293.29302.48324.4323.96
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EBIT
146.11149.92156.38145.961.05
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EBIT Margin
16.25%17.51%18.07%16.81%8.04%
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Funds From Operations (FFO)
365.34413.21437.53423.2339.51
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FFO Per Share
1.581.841.962.032.16
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Adjusted Funds From Operations (AFFO)
365.34413.21437.53423.2339.51
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AFFO Per Share
1.581.841.962.032.16
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FFO Payout Ratio
40.75%35.49%30.47%27.96%48.72%
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Effective Tax Rate
---30.06%-
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Revenue as Reported
918.2884.07859.16847.44786.03
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Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.
SEC Filings: 10-K · 10-Q