Summary
15.54 -0.36(-2.26%)05/17/2024
Macerich Co. (MAC)
Macerich Co. (MAC)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 3.92 | 10.95 | -6.07 | -10.13 | 46.68 | 62.29 | -49.67 | 415.37 |
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| Trading Data | ||
| Close | 15.26 | |
| Open | 14.79 | |
| High | 15.41 | |
| Low | 14.70 | |
| Volume | 3,202,437 | |
| Change | 0.58 | |
| Change % | 3.92 | |
| Avg Volume (20 Days) | 2,043,734 | |
| Volume/Avg Volume (20 Days) Ratio | 1.57 | |
| 52 Week Range | 9.05 - 17.69 | |
| Price vs 52 Week High | -13.76% | |
| Price vs 52 Week Low | 68.56% | |
| Range | 3.14 | |
| Gap Up/Down | 0.07 | |
Fundamentals | ||
| Market Capitalization (Mln) | 3,353 | |
| EBIDTA | 420,595,008 | |
| PE Ratio | 0.0000 | |
| PEG Ratio | -485.0000 | |
| WallStreet Target Price | 15.32 | |
| Book Value | 10.5840 | |
| Earnings Per Share | -1.6000 | |
| EPS Estimate Current Quarter | -0.0900 | |
| EPS Estimate Next Quarter | -0.0600 | |
| EPS Estimate Current Year | -0.4100 | |
| EPS Estimate Next Year | -0.0600 | |
| Diluted EPS (TTM) | -1.6000 | |
| Revenues | ||
| Profit Marging | -0.4078 | |
| Operating Marging (TTM) | -0.3276 | |
| Return on asset (TTM) | 0.0106 | |
| Return on equity (TTM) | -0.1347 | |
| Revenue TTM | 838,868,992 | |
| Revenue per share TTM | 3.8880 | |
| Quarterly Revenue Growth (YOY) | -0.1150 | |
| Quarterly Earnings Growth (YOY) | 39.7110 | |
| Gross Profit (TTM) | 475,158,000 | |
| Dividends | ||
| Dividend Share | 0.6800 | |
| Dividend Yield | 0.0445 | |
| Valuations | ||
| Trailing PE | 0.0000 | |
| Forward PE | 500.0000 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 1.4176 | |
| Revenue Enterprise Value | 8.6911 | |
| EBITDA Enterprise Value | 40.2867 | |
| Shares | ||
| Shares Outstanding | 215,750,000 | |
| Shares Float | 214,196,748 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.09 | |
| Insider (%) | 0.69 | |
| Institutions (%) | 90.37 | |
05/19 09:00 EST - seekingalpha.com
Surprise Spring Slowdown
U.S. equity markets climbed to fresh record highs, while benchmark interest rates dipped to one-month lows after a critical slate of inflation and retail sales data showed an unexpected cooldown. Reflecting the mounting quantity of downside economic surprises, the Citi Economic Surprise Index dipped to the lowest level since early 2023, indicating a rather abrupt reversal in economic momentum. Mildly encouraging inflation news and sluggish retail sales data lifted bets that the Fed can cut rates multiple times this year. Climbing to fresh record highs, the S&P 500 gained 1.6%.
Surprise Spring Slowdown
U.S. equity markets climbed to fresh record highs, while benchmark interest rates dipped to one-month lows after a critical slate of inflation and retail sales data showed an unexpected cooldown. Reflecting the mounting quantity of downside economic surprises, the Citi Economic Surprise Index dipped to the lowest level since early 2023, indicating a rather abrupt reversal in economic momentum. Mildly encouraging inflation news and sluggish retail sales data lifted bets that the Fed can cut rates multiple times this year. Climbing to fresh record highs, the S&P 500 gained 1.6%.
05/17 10:06 EST - zacks.com
Macerich (MAC) Unveils Initial Achievements in Strategic Plan
Macerich's (MAC) latest efforts are part of its strategic plan that entails business simplification through selective consolidation of some JV interests over time and strategic sales.
Macerich (MAC) Unveils Initial Achievements in Strategic Plan
Macerich's (MAC) latest efforts are part of its strategic plan that entails business simplification through selective consolidation of some JV interests over time and strategic sales.
05/16 10:08 EST - globenewswire.com
CORRECTION - Macerich Announces Initial Progress in its Path Forward Strategic Plan
Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Retail Asset Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Retail Asset
CORRECTION - Macerich Announces Initial Progress in its Path Forward Strategic Plan
Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Retail Asset Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Retail Asset
05/16 09:26 EST - globenewswire.com
UPDATE - Macerich Announces Initial Progress in its Path Forward Strategic Plan
Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Retail Asset Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Retail Asset
UPDATE - Macerich Announces Initial Progress in its Path Forward Strategic Plan
Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Retail Asset Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Retail Asset
05/16 06:00 EST - globenewswire.com
Macerich Announces Initial Progress in its Path Forward Strategic Plan
Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Non-Mall Asset Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Non-Mall Asset
Macerich Announces Initial Progress in its Path Forward Strategic Plan
Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Non-Mall Asset Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Non-Mall Asset
05/12 09:15 EST - 247wallst.com
Notable Insider Buying at Disney and More This Week
The first full week of May did not bring more notable insider purchases from Warren Buffett.
Notable Insider Buying at Disney and More This Week
The first full week of May did not bring more notable insider purchases from Warren Buffett.
05/05 14:29 EST - seekingalpha.com
Macerich: Bad Quarter, Bad Track-Record, But Promising Future
Macerich Company's Q1 2024 earnings report caused a significant drop in stock price, raising concerns about the overall investability here. The company's performance was below expectations, with FFO per share coming in lower than the previous year and guidance. The report highlighted struggles with Express bankruptcy, increased extraordinary costs, and a strategic shift in capital allocation.
Macerich: Bad Quarter, Bad Track-Record, But Promising Future
Macerich Company's Q1 2024 earnings report caused a significant drop in stock price, raising concerns about the overall investability here. The company's performance was below expectations, with FFO per share coming in lower than the previous year and guidance. The report highlighted struggles with Express bankruptcy, increased extraordinary costs, and a strategic shift in capital allocation.
05/02 16:36 EST - marketwatch.com
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.
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.
05/01 13:16 EST - zacks.com
Macerich (MAC) Stock Declines on Q1 FFO Miss, Revenues Fall Y/Y
Macerich's (MAC) first-quarter FFO per share misses estimates while the top line witnesses a decline year over year.
Macerich (MAC) Stock Declines on Q1 FFO Miss, Revenues Fall Y/Y
Macerich's (MAC) first-quarter FFO per share misses estimates while the top line witnesses a decline year over year.
04/30 17:33 EST - seekingalpha.com
The Macerich Company (MAC) Q1 2024 Earnings Call Transcript
The Macerich Company (NYSE:MAC ) Q1 2024 Earnings Conference Call April 30, 2024 1:00 PM ET Company Participants Samantha Greening - Director of Investor Relations Jackson Hsieh - President, CEO and Director Scott Kingsmore - Senior Executive Vice President, Chief Financial Officer and Treasurer Doug Healey - Senior Executive Vice President of Leasing Conference Call Participants Jeffrey Spector - Bank of America Securities Greg McGinniss - Scotiabank Samir Khanal - Evercore ISI Floris van Dijkum - Compass Point Linda Tsai - Jefferies Alexander Goldfarb - Piper Sandler Michael Mueller - JPMorgan Operator Ladies and gentlemen, thank you for standing by. Welcome to the First Quarter 2024 Macerich Earnings Conference Call.
The Macerich Company (MAC) Q1 2024 Earnings Call Transcript
The Macerich Company (NYSE:MAC ) Q1 2024 Earnings Conference Call April 30, 2024 1:00 PM ET Company Participants Samantha Greening - Director of Investor Relations Jackson Hsieh - President, CEO and Director Scott Kingsmore - Senior Executive Vice President, Chief Financial Officer and Treasurer Doug Healey - Senior Executive Vice President of Leasing Conference Call Participants Jeffrey Spector - Bank of America Securities Greg McGinniss - Scotiabank Samir Khanal - Evercore ISI Floris van Dijkum - Compass Point Linda Tsai - Jefferies Alexander Goldfarb - Piper Sandler Michael Mueller - JPMorgan Operator Ladies and gentlemen, thank you for standing by. Welcome to the First Quarter 2024 Macerich Earnings Conference Call.
04/30 11:01 EST - zacks.com
Compared to Estimates, Macerich (MAC) Q1 Earnings: A Look at Key Metrics
Although the revenue and EPS for Macerich (MAC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Compared to Estimates, Macerich (MAC) Q1 Earnings: A Look at Key Metrics
Although the revenue and EPS for Macerich (MAC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
04/30 09:36 EST - zacks.com
Macerich (MAC) Q1 FFO and Revenues Miss Estimates
Macerich (MAC) came out with quarterly funds from operations (FFO) of $0.31 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to FFO of $0.40 per share a year ago.
Macerich (MAC) Q1 FFO and Revenues Miss Estimates
Macerich (MAC) came out with quarterly funds from operations (FFO) of $0.31 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to FFO of $0.40 per share a year ago.
04/30 07:23 EST - globenewswire.com
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 Investor Relations section of its website at www.macerich.com.
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 Investor Relations section of its website at www.macerich.com.
04/26 07:00 EST - globenewswire.com
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 is payable on June 3, 2024, to stockholders of record at the close of business on May 20, 2024.
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 is payable on June 3, 2024, to stockholders of record at the close of business on May 20, 2024.
04/25 17:37 EST - globenewswire.com
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, 2024 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of high-quality retail real estate in top markets, is celebrating Earth Month with its “You Pledge We Plant” campaign to plant more than 100,000 trees across the country.
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, 2024 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of high-quality retail real estate in top markets, is celebrating Earth Month with its “You Pledge We Plant” campaign to plant more than 100,000 trees across the country.
04/24 07:00 EST - investorplace.com
The Top 3 REITs to Buy in April 2024
Research firm Nareit's prediction that 2024 will be a year that top REITs are “well-situated for outsized performance” hasn't yet come to fruition. Much of its predictive power rested on the assumption that the Fed would cut rates early in the year, which seems increasingly unlikely.
The Top 3 REITs to Buy in April 2024
Research firm Nareit's prediction that 2024 will be a year that top REITs are “well-situated for outsized performance” hasn't yet come to fruition. Much of its predictive power rested on the assumption that the Fed would cut rates early in the year, which seems increasingly unlikely.
04/16 07:00 EST - seekingalpha.com
Who's Shopping For Mall REITs?
American malls are experiencing a possible revival, with visits surging and the gap between pre-pandemic levels narrowing. Malls are evolving into hybrid entertainment destinations, offering experiences that online retail cannot replicate. Mall REITs like Simon Property Group and The Macerich Company are attractive investment options due to their strong portfolios and potential for growth.
Who's Shopping For Mall REITs?
American malls are experiencing a possible revival, with visits surging and the gap between pre-pandemic levels narrowing. Malls are evolving into hybrid entertainment destinations, offering experiences that online retail cannot replicate. Mall REITs like Simon Property Group and The Macerich Company are attractive investment options due to their strong portfolios and potential for growth.
04/15 11:21 EST - zacks.com
Is It Wise to Retain Macerich (MAC) Stock in Your Portfolio?
A portfolio of premium shopping centers, a focus on omnichannel retailing and developing mixed-use assets are likely to support Macerich (MAC) despite higher e-commerce adoption and high interest rates.
Is It Wise to Retain Macerich (MAC) Stock in Your Portfolio?
A portfolio of premium shopping centers, a focus on omnichannel retailing and developing mixed-use assets are likely to support Macerich (MAC) despite higher e-commerce adoption and high interest rates.
04/13 07:30 EST - seekingalpha.com
My Biggest Losses And Lessons
All investors, including even Warren Buffett, have suffered big losses. We take risks to earn returns and sometimes, risk factors play out. At other times, we also made mistakes in our analysis.
My Biggest Losses And Lessons
All investors, including even Warren Buffett, have suffered big losses. We take risks to earn returns and sometimes, risk factors play out. At other times, we also made mistakes in our analysis.
04/08 07:00 EST - globenewswire.com
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 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