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Macerich Company

Real Estate US MAC

15.66USD
0.44(2.89%)

Last update at 2024-07-11T14:55:00Z

Day Range

15.4315.85
LowHigh

52 Week Range

8.3616.54
LowHigh

Fundamentals

  • Previous Close 15.22
  • Market Cap3506.08M
  • Volume514029
  • P/E Ratio-
  • Dividend Yield4.41%
  • EBITDA308.86M
  • Revenue TTM720.14M
  • Revenue Per Share TTM3.34
  • Gross Profit TTM 475.16M
  • Diluted EPS TTM-1.55

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -64.37400M 23.11M -245.90900M 104.14M 65.37M
Minority interest -0.98900M -1.90000M -15.25900M 5.73M 8.95M
Net income -65.07900M 14.26M -245.46200M 96.82M 60.02M
Selling general administrative 27.16M 30.06M 30.34M 22.63M 24.16M
Selling and marketing expenses - - - - -
Gross profit 468.81M 466.55M 438.05M 559.51M 579.35M
Reconciled depreciation 291.61M 311.13M 326.06M 337.67M 332.74M
Ebit 144.78M 141.06M -102.24700M 254.66M 280.15M
Ebitda 436.39M 452.19M 217.37M 585.38M 607.59M
Depreciation and amortization 291.61M 311.13M 319.62M 330.73M 327.44M
Non operating income net other 2.44M 91.43M -95.15000M 36.25M 39.95M
Operating income 144.78M 141.06M -102.24700M 254.66M 208.38M
Other operating expenses 709.13M 722.07M 697.94M 721.31M 751.97M
Interest expense 216.85M 192.68M 75.55M 138.25M 182.96M
Tax provision 0.70M 6.95M -0.44700M 1.59M -3.60400M
Interest income 5.26M 15.69M 27.04M 48.51M 71.77M
Net interest income -216.85100M -192.67900M -75.55000M -138.25400M -182.96200M
Extraordinary items - - - 0.00000M 0.00000M
Non recurring - - - - -
Other items - - - - -
Income tax expense 0.70M 6.95M -0.44700M 1.59M -3.60400M
Total revenue 859.16M 847.44M 786.03M 927.46M 960.35M
Total operating expenses 318.78M 341.19M 349.96M 353.36M 370.96M
Cost of revenue 390.35M 380.88M 347.98M 367.95M 381.00M
Total other income expense net -209.15300M -117.94600M -143.66200M -150.51400M 39.95M
Discontinued operations - - - - -
Net income from continuing ops -65.07900M 16.16M -82.16400M 102.55M 68.97M
Net income applicable to common shares -66.06800M 14.26M -230.20300M 96.82M 60.02M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 8094.14M 8345.66M 9184.00M 8853.57M 9026.81M
Intangible assets 152.56M 151.82M 175.51M 158.60M 259.36M
Earning assets - - - - -
Other current assets 80.82M 254.91M 306.96M 14.21M 390.40M
Total liab 5144.79M 5169.51M 6738.74M 6022.60M 5838.38M
Total stockholder equity 2865.77M 3046.87M 2257.05M 2632.26M 2950.23M
Deferred long term liab 30.72M 254.91M 306.96M 74.74M 99.62M
Other current liab 439.84M 382.21M 406.98M 373.50M 418.04M
Common stock 2.15M 2.15M 1.50M 1.41M 1.41M
Capital stock 2.15M 2.15M 1.50M 1.41M 1.41M
Retained earnings -2643.09400M -2443.69600M -2339.61900M -1944.01200M -1614.35700M
Other liab 48.37M 53.76M 60.35M 30.18M 51.98M
Good will - - - - -
Other assets 328.24M 6704.27M 8479.51M 221.32M 253.17M
Cash 100.32M 112.45M 465.30M 100.00M 102.71M
Cash and equivalents 100.32M 112.45M 465.30M 100.00M 102.71M
Total current liabilities 502.94M 441.44M 475.80M 424.52M 477.43M
Current deferred revenue - - - - -
Net debt 4398.30M 4496.62M 5663.27M 14.20M 4879.75M
Short term debt 0.00000M 4423.55M 4560.81M 301.12M 758.68M
Short long term debt - - - 301.12M 758.68M
Short long term debt total 4498.62M 4609.08M 6128.57M 114.20M 4982.46M
Other stockholder equity 5506.08M 5488.44M 4603.38M 4583.91M 4567.18M
Property plant equipment 6254.40M 6394.84M 6694.58M 6643.51M 6785.78M
Total current assets 368.03M 633.24M 1030.42M 264.41M 748.38M
Long term investments 1224.29M 1317.57M 1340.65M 1519.70M 1492.65M
Net tangible assets 2865.77M 3046.87M 2257.05M 2632.26M 2950.23M
Short term investments 1224.29M 1317.57M - - -
Net receivables 186.89M 211.36M 240.81M 150.19M 208.67M
Long term debt 4546.93M 4528.36M 6038.35M 5209.98M 4982.46M
Inventory - 54.52M 17.36M - 46.59M
Accounts payable 63.11M 59.23M 68.83M 51.03M 59.39M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 83.58M 129.28M 188.21M 198.71M 238.20M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 0.63M -0.02400M -8.20800M -9.05100M -4.46600M
Additional paid in capital - - - - -
Common stock total equity 2.15M 2.15M 1.50M 1.41M 1.41M
Preferred stock total equity - - - - -
Retained earnings total equity -2643.09400M -2443.69600M -2339.61900M -1944.01200M -1614.35700M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 71.75M -175.23100M -206.28100M 6732.02M -291.56000M
Deferred long term asset charges - - - - -
Non current assets total 7726.11M 7712.41M 8153.58M 8589.16M 8278.43M
Capital lease obligations 94.91M 80.71M 90.22M 114.20M -
Long term debt total 4546.93M 4528.36M 6038.35M 5209.98M 4982.46M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -81.71800M -85.54600M -232.46600M -184.08400M -180.19600M
Change to liabilities 70.63M -34.81000M -6.09900M 26.11M -11.43300M
Total cashflows from investing activities -1.40200M 234.97M -202.84800M -112.02600M 176.32M
Net borrowings -135.52100M -1523.26700M 621.71M 221.15M -55.08900M
Total cash from financing activities -321.94000M -837.02400M 446.45M -278.21600M -514.43800M
Change to operating activities 54.14M -11.24900M -17.38300M 30.69M -3.85400M
Net income -65.07900M 16.16M -245.46200M 102.55M 68.97M
Change in cash 14.17M -315.68800M 368.44M -35.08500M 6.20M
Begin period cash flow 166.97M 482.66M 114.22M 149.30M 143.10M
End period cash flow 181.14M 166.97M 482.66M 114.22M 149.30M
Total cash from operating activities 337.51M 286.37M 124.84M 355.16M 344.31M
Issuance of capital stock 1.74M 831.59M 1.53M 1.52M 1.57M
Depreciation 302.48M 324.40M 326.06M 337.67M 332.74M
Other cashflows from investing activities 75.78M 351.04M 52.76M 93.17M 593.75M
Dividends paid -186.32800M -143.44700M -179.86200M -474.53400M 453.63M
Change to inventory - - - 40.24M -12.29300M
Change to account receivables 6.61M 62.42M -105.94700M -9.92900M -13.91200M
Sale purchase of stock -0.18300M 520.00M 664.12M 1796.00M 415.00M
Other cashflows from financing activities 198.83M -22.92200M -3.82400M -4.69500M -7.56000M
Change to netincome 48.71M -15.19300M -54.83800M -102.56000M -56.61300M
Capital expenditures 77.18M 30.52M 23.14M 187.91M 237.23M
Change receivables 2.98M 64.36M -102.56200M 3.96M -16.93100M
Cash flows other operating -22.21500M -68.55500M 208.51M -11.65300M 40.26M
Exchange rate changes - - - - -
Cash and cash equivalents changes 14.17M -315.68800M 368.44M -35.08500M 6.20M
Change in working capital 60.37M 44.43M -107.85100M 20.52M -19.92500M
Stock based compensation 17.64M 14.27M 13.84M 12.03M 27.37M
Other non cash items 21.40M -119.84500M 138.70M -119.21000M -61.23500M
Free cash flow 337.51M 286.37M 124.84M 355.16M 107.08M

Peer Comparison

Sector: Real Estate Industry: REIT - Retail

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
MAC
Macerich Company
0.44 2.89% 15.66 - 500.00 4.77 1.35 8.65 16.16
SPG
Simon Property Group Inc
1.70 1.15% 150.14 21.31 24.69 9.77 16.15 12.96 14.98
O
Realty Income Corp
1.39 2.59% 54.97 43.10 43.67 10.55 1.30 15.84 18.03
LKREF
Link Real Estate Investment Trust
- -% 3.75 - 15.77 1.14 0.61 1.54 26.84
KIM
Kimco Realty Corporation
0.44 2.23% 20.16 30.65 29.76 7.61 1.41 11.27 15.81

Reports Covered

Stock Research & News

Profile

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 in 44 regional town centers. Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for nine consecutive years (2015-2023).

Macerich Company

401 Wilshire Boulevard, Santa Monica, CA, United States, 90401

Key Executives

Name Title Year Born
Mr. Thomas E. O'Hern CPA CEO & Director 1956
Mr. Edward C. Coppola Pres & Director 1955
Mr. Scott W. Kingsmore Sr. EVP, CFO & Treasurer 1968
Ms. Ann C. Menard Sr. EVP, Chief Legal Officer & Sec. 1964
Mr. Douglas J. Healey Sr. EVP & Head of Leasing 1963
Mr. Christopher J. Zecchini Sr. VP & Chief Accounting Officer 1964
Samantha Greening Director of Investor Relations NA
Ms. Olivia Bartel Leigh Exec. VP of Portfolio Operations & People NA
Mr. Robert F. Beffa Sr. VP of Real Estate 1960
Mr. Kenneth L. Volk Exec. VP of Bus. Devel. 1963

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