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MAC Overview

-
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
OverviewStock Price PredictionTechnicalValuationFinancialsEarningsShould I BuyNews & Events
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Intellectia

Loading chart...

High
23.745
Open
23.370
VWAP
23.53
Vol
8.35M
Mkt Cap
7.03B
Low
23.210
Amount
196.42M
EV/EBITDA(TTM)
49.19
Total Shares
297.56M
EV
11.53B
EV/OCF(TTM)
37.12
P/S(TTM)
6.00
The Macerich Company is a fully integrated, self-managed, self-administered real estate investment trust (REIT). The Company is the sole general partner of, and owns a majority of the ownership interests in, The Macerich Partnership, L.P. (the Operating Partnership). As an owner, operator, and developer of retail real estate in United States markets, the Company’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. The Company is developing and managing properties that serve as community cornerstones. It owns interests in approximately 39 retail centers. Its properties include Arrowhead Towne Center, Danbury Fair, Desert Sky Mall, Eastland Mall, Fashion District Philadelphia, Fashion Outlets of Chicago, The Village at Corte Madera, Washington Square, Vintage Faire Mall, Broadway Plaza, Superstition Springs Center, Crabtree, and others.
Show More

Events Timeline

(ET)
2026-06-16
00:30:00
Goldman Sachs Acts as Sole Book Running Manager, Pricing Offering at Low End of $23.90-$24.90 Range
select
2026-06-15 (ET)
2026-06-15
20:00:00
U.S.-Iran Deal Boosts Risk Assets
select
2026-06-15
17:30:00
Goldman Sachs Serves as Lead Underwriter for Offering
select
2026-06-15
16:30:00
Macerich Company Launches Public Offering of 14M Shares
select

News

seekingalpha
8.5
06-16seekingalpha
Macerich Company Prices Public Offering of 14M Shares
  • Offering Size and Price: The Macerich Company priced its public offering at $23.90 per share for 14 million common shares, expected to close on June 17, 2026, indicating a strategic move in capital markets.
  • Forward Sale Agreement Structure: The offering is structured through forward sale agreements rather than immediate issuance, reflecting the company's cautious approach to liquidity management, with settlement anticipated by June 16, 2027.
  • Underwriter Selection: Macerich entered into forward sale agreements with major financial institutions including Goldman Sachs, Deutsche Bank, J.P. Morgan, and Morgan Stanley, enhancing its market credibility and laying the groundwork for future financing.
  • Use of Proceeds and Market Reaction: Although the offering will not provide immediate cash flow, Macerich plans to use future proceeds for acquisition opportunities and general corporate purposes; however, the stock price fell about 4% post-announcement, indicating market caution regarding this financing method.
Newsfilter
8.5
06-16Newsfilter
Macerich Company Prices Public Offering of 14 Million Shares
  • Offering Size: Macerich Company has announced a public offering of 14 million shares at a price of $23.90 per share, expected to close on June 17, 2026, which will provide funding for future acquisition opportunities.
  • Underwriter Lineup: Goldman Sachs serves as the lead underwriter, with Deutsche Bank, J.P. Morgan, and Morgan Stanley among the joint bookrunning managers, reflecting strong market confidence in the company's stock.
  • Forward Sale Agreements: The company has entered into forward sale agreements with multiple financial institutions, expecting to deliver shares by June 16, 2027, although it will not initially receive any proceeds from the sales, aiding in liquidity optimization.
  • Additional Option: The underwriters have a 30-day option to purchase an additional 2.1 million shares, and if exercised, the company will enter into further agreements with forward purchasers, enhancing capital flexibility.
seekingalpha
8.5
06-15seekingalpha
Macerich Launches Public Offering of 14 Million Shares
  • Public Offering Initiation: Macerich has announced the commencement of a public offering of 14 million shares of common stock, resulting in a 4.22% decline in share price to $24.03 during after-hours trading on Monday, indicating market caution regarding this financing move.
  • Forward Sale Agreement Details: The issuance is linked to a forward sale agreement with Goldman Sachs and its affiliates, with forward purchasers expected to borrow and sell 14 million shares to underwriters, highlighting the company's strategic approach to capital market financing.
  • Underwriter Option: Macerich intends to grant underwriters a 30-day option to purchase up to 2.1 million shares of common stock, a strategy that may provide the company with additional financial flexibility to address future acquisition opportunities.
  • Planned Use of Proceeds: Although the company will not initially receive any proceeds from this offering, any future proceeds from the settlement of the forward sale agreements are intended for funding future acquisition opportunities and general corporate purposes, reflecting the company's proactive stance on business expansion.
CNBC
6.0
06-02CNBC
Latest Rating Changes on Wall Street
  • TripAdvisor Upgrade: Wedbush upgraded TripAdvisor from neutral to outperform, citing the stock's undervaluation and expected governance transformation post-LTRIP merger, alongside activist involvement as catalysts for future growth.
  • Knight-Swift Outlook: Susquehanna upgraded Knight-Swift from neutral to positive, highlighting strong earnings prospects in the trucking sector, although it noted that much of the good news is already priced in.
  • Mobia Medical Coverage Initiation: Goldman Sachs initiated coverage on Mobia Medical with a buy rating and a $31 price target, indicating approximately 130% upside potential, reflecting the company's strong growth prospects in the medtech space.
  • Intuit Downgrade: Goldman Sachs downgraded Intuit from neutral to sell, expressing concerns over heightened competition and noting a 46% year-to-date decline in stock price, which raises doubts about its future profitability.
seekingalpha
2.0
06-01seekingalpha
Macerich Updates 2028 FFO Target to $1.90
  • 2028 FFO Target: Macerich announced at an industry conference that its 2028 FFO per share target is set between $1.80 and $2.00, with a midpoint of $1.90, which exceeds the average analyst estimate of $1.84, reflecting the company's confidence in future profitability.
  • Net Operating Income Outlook: The company expects its pro forma net operating income to reach between $950 million and $990 million by 2028, assuming a compound annual growth rate of 5.8% to 7.2% from 2026 to 2028, providing a stable revenue foundation to support its long-term strategy.
  • Occupancy Rate Improvement Plan: Macerich's
seekingalpha
8.5
05-12seekingalpha
Macerich Company Prices Public Offering of 19.2M Shares
  • Offering Size: The Macerich Company priced an underwritten public offering of 19.2 million shares at $21.00 per share, expecting gross proceeds of approximately $403.2 million, which reflects a positive market response and provides essential funding for future capital operations.
  • Underwriter Option: The company granted underwriters a 30-day option to purchase an additional 2.88 million shares, a strategy that not only enhances financial flexibility but also secures future capital needs, demonstrating the company's keen awareness of market dynamics.
  • Clear Use of Proceeds: The net proceeds from this offering will be used to repay borrowings under the company’s revolving credit facility, primarily utilized for the acquisition of Annapolis Mall, as well as for general corporate purposes, including acquiring additional properties and funding strategic leasing capital investments, indicating a proactive approach to business expansion.
  • Market Reaction: Following the public offering announcement, Macerich's stock traded 3% lower in pre-market hours on Tuesday, reflecting a cautious market sentiment towards the new share issuance, which may impact investor confidence in the short term.
Wall Street analysts forecast MAC stock price to rise
10 Analyst Rating
Wall Street analysts forecast MAC stock price to rise
5 Buy
4 Hold
1 Sell
Moderate Buy
Current: 0.000
sliders
Low
18.00
Averages
19.80
High
23.00
Current: 0.000
sliders
Low
18.00
Averages
19.80
High
23.00
Morgan Stanley
Equal Weight
maintain
$20 -> $25
AI Analysis
2026-06-18
New
Reason
Morgan Stanley
Price Target
$20 -> $25
AI Analysis
2026-06-18
New
maintain
Equal Weight
Reason
Morgan Stanley raised the firm's price target on Macerich to $25 from $20 and keeps an Equal Weight rating on the shares. While the firm remains constructive on Macerich's operating setup and potential earnings inflection, it sees "a lot in the price," the analyst tells investors.
JPMorgan
Underweight
to
Neutral
upgrade
$23 -> $25
2026-06-17
New
Reason
JPMorgan
Price Target
$23 -> $25
2026-06-17
New
upgrade
Underweight
to
Neutral
Reason
JPMorgan upgraded Macerich to Neutral from Underweight with a price target of $25, up from $23. The firm cites the company's progress with its "Path Forward" plan for the upgrade. Macerich is closer to its 2027 and 2028 earnings growth ramp and has been running ahead of its new leasing targets, the analyst tells investors in a research note.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for MAC
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Valuation Metrics

The current forward P/E ratio for Macerich Co (MAC.N) is 454.55, compared to its 5-year average forward P/E of -171.74. For a more detailed relative valuation and DCF analysis to assess Macerich Co's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-171.74
Current PE
454.55
Overvalued PE
452.83
Undervalued PE
-796.32

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
14.80
Current EV/EBITDA
26.79
Overvalued EV/EBITDA
18.29
Undervalued EV/EBITDA
11.32

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
4.02
Current PS
7.14
Overvalued PS
5.13
Undervalued PS
2.92

Financials

AI Analysis
Annual
Quarterly

Whales Holding MAC

S
Security Capital Research & Management Incorporated
Holding
MAC
+11.52%
3M Return
R
Resolution Capital Limited
Holding
MAC
+9.12%
3M Return
C
CenterSquare Investment Management LLC
Holding
MAC
+8.66%
3M Return
P
PGGM
Holding
MAC
+8.50%
3M Return
D
DigitalBridge Investment Management, LLC
Holding
MAC
+7.54%
3M Return
S
Smead Capital Management, Inc.
Holding
MAC
+6.43%
3M Return

Trading Trends

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Frequently Asked Questions

What is Macerich Co (MAC) stock price today?

The current price of MAC is 23.63 USD — it has increased 2.74

What is Macerich Co (MAC)'s business?

The Macerich Company is a fully integrated, self-managed, self-administered real estate investment trust (REIT). The Company is the sole general partner of, and owns a majority of the ownership interests in, The Macerich Partnership, L.P. (the Operating Partnership). As an owner, operator, and developer of retail real estate in United States markets, the Company’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. The Company is developing and managing properties that serve as community cornerstones. It owns interests in approximately 39 retail centers. Its properties include Arrowhead Towne Center, Danbury Fair, Desert Sky Mall, Eastland Mall, Fashion District Philadelphia, Fashion Outlets of Chicago, The Village at Corte Madera, Washington Square, Vintage Faire Mall, Broadway Plaza, Superstition Springs Center, Crabtree, and others.

What is the price predicton of MAC Stock?

Wall Street analysts forecast MAC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MAC is19.80 USD with a low forecast of 18.00 USD and a high forecast of 23.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Macerich Co (MAC)'s revenue for the last quarter?

Macerich Co revenue for the last quarter amounts to 241.54M USD, decreased -3.08

What is Macerich Co (MAC)'s earnings per share (EPS) for the last quarter?

Macerich Co. EPS for the last quarter amounts to -0.14 USD, decreased -30.00

How many employees does Macerich Co (MAC). have?

Macerich Co (MAC) has 596 emplpoyees as of June 21 2026.

What is Macerich Co (MAC) market cap?

Today MAC has the market capitalization of 7.03B USD.