The Macerich Company (MAC)

The Macerich Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Property Revenue	941.09	950.76	850.45	809.02	800.55	787.55
Service and Other Revenue	65.2	63.22	67.75	75.05	58.62	59.89
Revenue	1,006	1,014	918.2	884.07	859.16	847.44
Revenue Growth (YoY)	4.97%	10.43%	3.86%	2.90%	1.38%	7.81%
Property Expenses	373.63	372.96	348.21	324.83	322.55	319.85
Service and Other Expenses	86.25	84.64	82.06	70.06	67.8	61.03
Total Property Expenses	459.88	457.6	430.27	394.89	390.35	380.88
Gross Profit	546.42	556.38	487.94	489.18	468.81	466.55
Selling, General & Admin	31.95	31.54	28.15	29.24	27.16	30.06
Depreciation & Amortization Expenses	347.6	357.08	294.78	282.36	291.61	311.13
Operating Income	166.87	167.76	165.01	177.58	150.04	125.37
Net Gains on Disposal of Properties	-102.59	-123.42	38.96	-134.52	7.7	75.74
Interest Income	37.22	35.95	-197.35	-156.94	-	15.69
Interest Expense	-281.97	-283.54	-219.99	-172.92	-216.85	-192.68
Other Non-Operating Income (Expense)	-10.34	-	14.4	8.21	-5.26	-1.01
Total Non-Operating Income (Expense)	-357.68	-371.01	-363.98	-456.17	-214.41	-102.26
Pretax Income	-190.81	-203.25	-198.97	-278.59	-64.37	23.11
Provision for Income Taxes	-4.01	-2.19	-1.3	-0.49	0.71	6.95
Net Income	-183.38	-197.15	-194.12	-274.07	-66.07	14.26
Minority Interest in Earnings	-3.42	-3.91	-3.55	-4.03	0.99	1.9
Net Income to Common	-183.38	-197.15	-194.12	-274.07	-66.07	14.26
Shares Outstanding (Basic)	255	254	222	216	215	198
Shares Outstanding (Diluted)	255	254	222	216	215	198
Shares Change (YoY)	10.57%	14.59%	2.92%	0.24%	8.56%	35.45%
EPS (Basic)	-0.71	-0.78	-0.88	-1.28	-0.31	0.07
EPS (Diluted)	-0.71	-0.78	-0.88	-1.28	-0.31	0.07
Shares Outstanding	260.63	256.99	252.93	215.98	215.24	214.8
Free Cash Flow	125.29	154.18	115.8	143	242.72	178.16
Free Cash Flow Growth	-18.73%	33.15%	-19.02%	-41.08%	36.23%	215.15%
Free Cash Flow Per Share	0.49	0.61	0.52	0.66	1.13	0.90
Dividends Per Share	0.680	0.680	0.680	0.680	0.620	0.600
Dividend Growth	-	-	-	9.68%	3.33%	-61.29%
Gross Margin	54.30%	54.87%	53.14%	55.33%	54.57%	55.05%
Operating Margin	16.58%	16.54%	17.97%	20.09%	17.46%	14.79%
Profit Margin	-18.56%	-19.83%	-21.53%	-31.46%	-7.57%	1.91%
FCF Margin	12.45%	15.21%	12.61%	16.18%	28.25%	21.02%
EBITDA	525.77	535.86	470.89	473.97	452.52	449.77
EBITDA Margin	52.25%	52.85%	51.28%	53.61%	52.67%	53.07%
EBIT	166.87	167.76	165.01	177.58	150.04	125.37
EBIT Margin	16.58%	16.54%	17.97%	20.09%	17.46%	14.79%
Effective Tax Rate	2.10%	1.08%	0.65%	0.18%	-1.10%	30.06%

Updated May 7, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q