The Macerich Company (MAC)
NYSE: MAC · Real-Time Price · USD
25.61
+0.32 (1.27%)
At close: Nov 10, 2026, 4:00 PM EST
25.22
-0.39 (-1.52%)
After-hours: Nov 10, 2026, 5:00 PM EST
The Macerich Company Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Rental Revenue | 944.51 | 950.76 | 850.45 | 809.02 | 800.55 | 787.55 |
Property Management Fees | 25.45 | 22.71 | 29.81 | 30.19 | 28.51 | 26.02 |
Other Revenue | 61.52 | 67.59 | 19.03 | 17.2 | 36.45 | 54.39 |
| 1,031 | 1,041 | 899.3 | 856.41 | 865.51 | 867.96 | |
Revenue Growth (YoY | -6.23% | 15.76% | 5.01% | -1.05% | -0.28% | 14.36% |
Property Expenses | 476.82 | 457.6 | 430.27 | 394.89 | 390.35 | 380.88 |
Selling, General & Administrative | 35.26 | 31.54 | 28.15 | 29.24 | 27.16 | 30.06 |
Depreciation & Amortization | 342.42 | 357.08 | 294.78 | 282.36 | 291.61 | 311.13 |
Total Operating Expenses | 854.5 | 846.22 | 753.19 | 706.49 | 709.13 | 722.07 |
Operating Income | 176.97 | 194.84 | 146.11 | 149.92 | 156.38 | 145.9 |
Interest Expense | -270.15 | -283.54 | -231.25 | -197.13 | -216.85 | -196.4 |
Interest & Investment Income | - | - | 11.26 | 24.21 | - | 3.72 |
EBT Excluding Unusual Items | -93.18 | -88.7 | -73.88 | -23 | -60.47 | -46.78 |
Gain (Loss) on Sale of Investments | 0.92 | 8.87 | -178.45 | -129.28 | -11.6 | -4.84 |
Gain (Loss) on Sale of Assets | 1.84 | -123.42 | 38.96 | -134.52 | 7.7 | 75.74 |
Other Unusual Items | -10.37 | - | 14.4 | 8.21 | - | -1.01 |
Pretax Income | -100.79 | -203.25 | -198.97 | -278.59 | -64.37 | 23.11 |
Income Tax Expense | -2.54 | -2.19 | -1.3 | -0.49 | 0.71 | 6.95 |
Earnings From Continuing Operations | -98.25 | -201.06 | -197.67 | -278.1 | -65.08 | 16.16 |
Minority Interest in Earnings | -0.67 | 3.91 | 3.55 | 4.03 | -0.99 | -1.9 |
Net Income | -98.92 | -197.15 | -194.12 | -274.07 | -66.07 | 14.26 |
Preferred Dividends & Other Adjustments | 0.84 | 0.77 | 0.91 | 0.87 | 0.86 | 0.85 |
Net Income to Common | -99.75 | -197.92 | -195.03 | -274.94 | -66.92 | 13.41 |
Net Income Growth | - | - | - | - | - | - |
Basic Shares Outstanding | 268 | 254 | 222 | 216 | 215 | 198 |
Diluted Shares Outstanding | 268 | 254 | 222 | 216 | 215 | 198 |
Shares Change | 7.60% | 14.59% | 2.92% | 0.24% | 8.56% | 35.45% |
EPS (Basic) | -0.37 | -0.78 | -0.88 | -1.28 | -0.31 | 0.07 |
EPS (Diluted) | -0.37 | -0.78 | -0.88 | -1.28 | -0.31 | 0.07 |
EPS Growth | - | - | - | - | - | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Dividend Per Share | 0.680 | 0.680 | 0.680 | 0.680 | 0.620 | 0.600 |
Dividend Growth | 0% | 0% | 0% | 9.68% | 3.33% | -61.29% |
Operating Margin | 17.16% | 18.71% | 16.25% | 17.51% | 18.07% | 16.81% |
Profit Margin | -9.67% | -19.01% | -21.69% | -32.10% | -7.73% | 1.54% |
EBITDA | 527.89 | 558.64 | 446.68 | 446.31 | 458.86 | 470.3 |
EBITDA Margin | 51.18% | 53.66% | 49.67% | 52.11% | 53.02% | 54.18% |
D&A For Ebitda | 350.91 | 363.8 | 300.58 | 296.39 | 302.48 | 324.4 |
EBIT | 176.97 | 194.84 | 146.11 | 149.92 | 156.38 | 145.9 |
EBIT Margin | 17.16% | 18.71% | 16.25% | 17.51% | 18.07% | 16.81% |
Funds From Operations (FFO) | 397.16 | 396.97 | 365.34 | 413.21 | 437.53 | 423.2 |
FFO Per Share | 1.42 | 1.50 | 1.58 | 1.84 | 1.96 | 2.03 |
Adjusted Funds From Operations (AFFO) | - | 396.97 | 365.34 | 413.21 | 437.53 | 423.2 |
AFFO Per Share | - | 1.50 | 1.58 | 1.84 | 1.96 | 2.03 |
FFO Payout Ratio | 46.42% | 43.80% | 40.75% | 35.49% | 30.47% | 27.96% |
Effective Tax Rate | - | - | - | - | - | 30.06% |
Revenue as Reported | 1,013 | 1,014 | 918.2 | 884.07 | 859.16 | 847.44 |