Macerich Co
The Company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. The Company is the sole general partner of, and owns a majority of the ownership interests in, The Macerich Partnership, L.P., a Delaware limited partnership (the 3 "Operating Partnership").
$23.23
-$0.01 (-0.04%)
EOD Oct 21, 2026
The business is unprofitable at the operating level (-11.42% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 10.4%, still solid. Margins contracted 7.0pp, which offsets some of the top-line progress.
Operating margin contracted 7.0pp YoY, cost discipline may be slipping.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.01B
▲ +10.4% YoY
Net Income (TTM)
-$170M
▼ -1.6% YoY
Op. Margin
-11.14%
▼ -7.0pp YoY
ROIC
-1.17%
▼ -0.7pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$307M
▲ +13.5% YoY
Net Debt
$4.68B
Cash & Equiv.
$227M
5Y CAGR: +5.2%
Continue Research
SourceComputed from the 10-Q filed 3 Aug 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 8 Aug 2026. How this is calculated.
Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Macerich (MAC) overvalued?
Macerich (MAC)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Macerich scores 17/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.9%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Macerich a high-quality business?+
Macerich scores 17 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -11.1% operating margin and a -1.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Macerich (MAC) pay a dividend, and how much?+
Yes, Macerich pays a regular dividend of about $0.70 per share per year (typically in quarterly installments), a yield of roughly 2.9% at the current price. Macerich has grown the dividend at roughly 7.0% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For MAC's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Macerich a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh MAC's valuation and scores 17/100 on quality (lower-quality). It also yields about 2.9%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Real Estate Investment Trusts
Spot a number that looks wrong? Check it in MAC's SEC filings or
Download this analysis as a PDF (Pro)
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Keep analysing MAC
Create a free account and get 14 days of Premium: every stock and every tool.
- Unlimited stocks
- Stock screener
- Portfolio tracker
- Editable DCF
- Compare side by side
- Unlimited alerts
No card. Moves to Free after, unless you upgrade.
Already have an account?
Or come back tomorrow. Stocks on your watchlist are always free to view.