The Macerich Company (MAC)
Market Cap | 3.56B |
Revenue (ttm) | 878.00M |
Net Income (ttm) | -342.06M |
Shares Out | 215.72M |
EPS (ttm) | -1.60 |
PE Ratio | n/a |
Forward PE | 500.00 |
Dividend | $0.68 (4.12%) |
Ex-Dividend Date | May 17, 2024 |
Volume | 2,075,899 |
Open | 15.75 |
Previous Close | 15.51 |
Day's Range | 15.65 - 16.53 |
52-Week Range | 9.05 - 17.69 |
Beta | 2.38 |
Analysts | Hold |
Price Target | 14.83 (-10.12%) |
Earnings Date | Apr 30, 2024 |
About MAC
Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 47 million square feet of real estate consisting primarily of interests i... [Read more]
Financial Performance
In 2023, MAC's revenue was $884.07 million, an increase of 2.90% compared to the previous year's $859.16 million. Losses were -$274.07 million, 314.8% more than in 2022.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for MAC stock is "Hold." The 12-month stock price forecast is $14.83, which is a decrease of -10.12% from the latest price.
News
Mall giant Macerich likely to start defaulting on maturing loans, says Barclays
Shopping mall giant Macerich Co. looks poised to start defaulting on more of its maturing mall loans, according to Barclays.
Macerich Reports First Quarter 2024 Results
SANTA MONICA, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) has released its First Quarter 2024 Earnings Results and Supplemental Information by posting it to the Investo...
Macerich Declares the Quarterly Dividend on Its Common Shares
SANTA MONICA, Calif., April 26, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.17 per share of common stock. The dividend i...
Macerich Celebrates Earth Month With ‘You Pledge We Plant' Campaign, Industry Recognition
Campaign To Plant 100,000+ Trees to Support Reforestation, Urban Forestry Retail REIT Named Green Lease Leader, Honored Among ‘America's Most Responsible Companies' SANTA MONICA, Calif., April 25, 202...
Macerich Schedules First Quarter 2024 Earnings Release and Conference Call
SANTA MONICA, Calif., April 08, 2024 (GLOBE NEWSWIRE) -- WHAT: Macerich (NYSE: MAC) Schedules First Quarter 2024 Earnings Release and Conference Call
Macerich Marks 30 Years as Public Company, Rings Closing Bell at New York Stock Exchange
New Company President & CEO Jack Hsieh Joined by Senior Executives for Celebratory Milestone New Company President & CEO Jack Hsieh Joined by Senior Executives for Celebratory Milestone
The Macerich Company Announces Grant of Employment Inducement Award in Connection with Appointment of Jackson Hsieh as President and Chief Executive Officer
SANTA MONICA, Calif., March 01, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company”) announced that it granted two inducement equity awards to Jackson Hsieh on March 1, 2024, the ...
Macerich Reports Fourth Quarter 2023 Results
SANTA MONICA, Calif., Feb. 07, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) has released its Fourth Quarter 2023 Earnings Results and Supplemental Information by posting it to the Investo...
Macerich to Welcome Level99 to Tysons Corner Center
Interactive Entertainment Destination for Adults Will Offer Live-Action Play, Dining, Craft Beverages in Washington, D.C. Area
Macerich to Welcome Life Time to Twenty Ninth Street in Boulder
Location is Life Time's 4th Lease at a Macerich Property, Opening in 2025 Location is Life Time's 4th Lease at a Macerich Property, Opening in 2025
Macerich Announces Tax Treatment Of 2023 Dividends
SANTA MONICA, Calif., Jan. 22, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) today announced the tax treatment for dividend distributions taxable in 2023 on its Common Stock.
Macerich Schedules Fourth Quarter 2023 Earnings Release and Conference Call
SANTA MONICA, Calif., Jan. 08, 2024 (GLOBE NEWSWIRE) -- WHAT: Macerich (NYSE: MAC) Schedules Fourth Quarter 2023 Earnings Release and Conference Call
Hudson Pacific and Macerich Complete $700 Million Sale of One Westside and Westside Two
LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, and Macerich (NYSE: MAC), one of the nation...
Macerich Completes $710 Million Refinancing of Tysons Corner Center
SANTA MONICA, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of major retail and mixed-use properties in top markets, toda...
Macerich Breaks Above 6% Yield Territory
In trading on Tuesday, shares of Macerich were yielding above the 6% mark based on its quarterly dividend (annualized to $0.68)
2 “Santa Claus” Dividends To Buy Before 2024
Look, we've all loved watching our dividend payers rocket to the moon these past few weeks. Best part is, most of the market has been onboard!
Macerich Reports Third Quarter 2023 Results
SANTA MONICA, Calif., Oct. 31, 2023 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) has released its Third Quarter 2023 Earnings Results and Supplemental Information by posting it to the Investor...
Macerich Achieves Sector Leading Ranking, Green Star Rating in GRESB Real Estate Assessment
Retail REIT Again Recognized for Industry-Leading Commitment to Performance and ESG Practices Retail REIT Again Recognized for Industry-Leading Commitment to Performance and ESG Practices
Macerich's Chandler Fashion Center Outside Phoenix Announces Successful Opening of Arizona's First SCHEELS
250,000-Square-Foot, Experience-Focused Sporting Goods Retailer Welcomed First Shoppers Saturday, Sept. 30 New Retailer Takes Place of Former Department Store, Approximately 100,000 SF Larger Than Pre...
Macerich's Kings Plaza in Brooklyn Continues Transformation Through Leasing Successes, Targeted Renovations
New Stores Open in Former Sears Space – Including 3-Level Target, Primark, Zara and Burlington – Expected to Deliver Nearly 8 Times More in Annual Sales Than Sears
Macerich Schedules Third Quarter 2023 Earnings Release and Conference Call
SANTA MONICA, Calif., Sept. 27, 2023 (GLOBE NEWSWIRE) -- WHAT: Macerich (NYSE: MAC) Schedules Third Quarter 2023 Earnings Release and Conference Call
Macerich Closes Amended and Restated $650 Million Revolving Credit Facility
New Credit Facility Enhances Company's Liquidity, Flexibility for Long-Term Growth New Credit Facility Enhances Company's Liquidity, Flexibility for Long-Term Growth
Macerich's Current Redevelopment at Scottsdale Fashion Square Progresses with More Retail Space for Men, More Dining
Men's Luxury at Scottsdale Fashion Square Continues to Deliver Remarkable Success with Standalone Gucci and Louis Vuitton Men's Stores
Macerich Passes Through 6% Yield Mark
In trading on Monday, shares of Macerich were yielding above the 6% mark based on its quarterly dividend (annualized to $0.68)
Macerich Reports Record Leasing Volumes
A Media Snippet accompanying this announcement is available by clicking on the image or link below: https://ml.globenewswire.com/1.0/snippet/2440/eng