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MAC Overview

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$
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

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High
22.920
Open
22.720
VWAP
22.63
Vol
1.99M
Mkt Cap
6.38B
Low
22.460
Amount
45.09M
EV/EBITDA(TTM)
47.84
Total Shares
283.46M
EV
11.21B
EV/OCF(TTM)
36.10
P/S(TTM)
5.72
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)
2026-05-11
21:00:00
Goldman Sachs Increases Deal Size to 19.2M Shares
select
2026-05-11
17:30:00
Goldman Sachs Acts as Sole Book Running Manager for Offering
select
2026-05-11
16:30:00
Macerich Company Launches Underwritten Public Offering of 16M Shares
select
2026-05-06 (ET)
2026-05-06
18:00:00
Q1 Revenue of $241.54M Exceeds Consensus of $229.13M
select

News

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.
Globenewswire
8.5
05-12Globenewswire
Macerich Company Prices Public Offering to Raise $403.2 Million
  • Upsized Offering: Macerich Company has priced an underwritten public offering of 19.2 million shares at $21.00 per share, aiming for gross proceeds of approximately $403.2 million, reflecting strong market demand as it upsizes from the previously announced 16 million shares.
  • Clear Use of Proceeds: The company intends to utilize the net proceeds to repay borrowings under its revolving credit facility, primarily used for the acquisition of Annapolis Mall, and for general corporate purposes, including acquiring additional properties and funding strategic leasing capital investments, thereby enhancing its asset portfolio.
  • Strong Underwriting Team: Goldman Sachs is serving as the lead bookrunner for this offering, alongside Deutsche Bank, J.P. Morgan, and Morgan Stanley as joint bookrunning managers, indicating robust market confidence and support for Macerich.
  • Optimistic Market Outlook: As a leading retail real estate investment trust, Macerich owns approximately 41 million square feet of high-quality retail properties concentrated in densely populated and attractive U.S. markets, and the infusion of capital from this offering is expected to further drive its growth and expansion in a competitive landscape.
Newsfilter
8.5
05-12Newsfilter
Macerich Company Prices Public Offering to Raise $403.2 Million
  • Offering Size: Macerich Company has priced a public offering of 19.2 million shares at $21.00 per share, aiming for gross proceeds of approximately $403.2 million, reflecting strong market demand and investor confidence in the company.
  • Underwriter Selection: The offering is led by Goldman Sachs, with Deutsche Bank, J.P. Morgan, and Morgan Stanley among other notable financial institutions as joint bookrunning managers, indicating broad market recognition and support for the transaction.
  • Planned Use of Proceeds: The company intends to use the net proceeds from this offering to repay borrowings under its revolving credit facility, primarily used for the acquisition of Annapolis Mall, while also allocating funds for general corporate purposes and strategic leasing capital investments, showcasing a proactive approach to future growth.
  • Upsizing Option: Macerich has granted underwriters a 30-day option to purchase an additional 2.88 million shares, enhancing the company's flexibility in capital operations and its ability to adapt to market conditions.
Yahoo Finance
8.5
05-12Yahoo Finance
Macerich Company Prices Public Offering to Raise $403.2 Million
  • Upsized Offering: Macerich Company has priced an underwritten public offering of 19.2 million shares at $21.00 per share, aiming to raise approximately $403.2 million, reflecting strong market demand as it increases from the previously announced 16 million shares.
  • Underwriter Selection: The offering is backed by prominent financial institutions including Goldman Sachs, Deutsche Bank, and J.P. Morgan, indicating robust market confidence in Macerich and providing substantial capital market support for the company.
  • Clear Use of Proceeds: The company intends to utilize the net proceeds from this offering to repay borrowings under its revolving credit facility, primarily used for the acquisition of Annapolis Mall, and for general corporate purposes, demonstrating a strategic focus on future expansion.
  • Optimistic Market Outlook: The public offering is expected to close on May 13, 2026, and if successful, will provide Macerich with the necessary funding to further develop its position in the high-quality retail real estate market, enhancing its competitive standing in a challenging environment.
Yahoo Finance
6.0
05-09Yahoo Finance
Macerich Stock Rating Changes Analysis
  • Rating Upgrade: KeyBanc upgraded Macerich from Sector Weight to Overweight with a $25 target, citing progress on the multi-year Path Forward Plan, including asset sales and deleveraging, which reflects confidence in the company's future growth prospects.
  • Cautious Optimism: Scotiabank upgraded Macerich to Outperform, highlighting meaningful catalysts, suggesting that the execution of current initiatives may matter more to analysts than short-term noise, indicating a potential shift in sentiment.
  • Target Price Adjustments: Citi raised its target from $19 to $21 while maintaining a Neutral rating, indicating that the firm sees valuation upside even without a bullish stance, reflecting market recognition of the stock's potential.
  • Risk Warning: Goldman Sachs increased its target from $15 to $17 but kept a Sell rating, suggesting that some analysts remain skeptical about whether current efforts fully address balance sheet and growth risks, highlighting uncertainty surrounding Macerich's future.
seekingalpha
9.5
05-07seekingalpha
Macerich Company Q1 2026 Earnings Call Insights
  • Financial Performance: The Macerich Company's adjusted FFO for Q1 2026 was $0.34 per share, totaling approximately $92 million, indicating ongoing progress in executing the Path Forward plan despite market challenges.
  • Sales Growth: The sales per square foot for the go-forward portfolio increased to $941, reflecting an improvement in the retail environment and rising customer demand, which is expected to drive future revenue growth.
  • Acquisition Dynamics: Macerich closed a $260 million mall acquisition along with a $12 million vacant parcel, which is projected to add approximately $0.04 to the 2028 target FFO, enhancing the company's asset portfolio and market competitiveness.
  • Future Outlook: Management anticipates at least 3% NOI growth for the go-forward portfolio in 2026 and plans to provide updates on Path Forward 3.0 at the NAREIT conference in June, demonstrating confidence in future performance.
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
Scotiabank
Greg McGinniss
Outperform
maintain
$22 -> $24
AI Analysis
2026-05-19
Reason
Scotiabank
Greg McGinniss
Price Target
$22 -> $24
AI Analysis
2026-05-19
maintain
Outperform
Reason
Scotiabank analyst Greg McGinniss raised the firm's price target on Macerich to $24 from $22 and keeps an Outperform rating on the shares. The firm is updating its price targets for U.S. Retail REITs under its coverage, the analyst tells investors. Earnings for Q1 resulted in modest FY guidance raises for much of the group and same store net operating income growth trended ahead of FY guidance, the firm adds.
Goldman Sachs
Sell
maintain
$17 -> $19
2026-05-15
Reason
Goldman Sachs
Price Target
$17 -> $19
2026-05-15
maintain
Sell
Reason
Goldman Sachs raised the firm's price target on Macerich to $19 from $17 and keeps a Sell rating on the shares.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for MAC
Unlock Now

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 -177.84. 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
-177.84
Current PE
454.55
Overvalued PE
443.31
Undervalued PE
-798.99

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
14.72
Current EV/EBITDA
26.68
Overvalued EV/EBITDA
17.99
Undervalued EV/EBITDA
11.45

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
3.99
Current PS
6.95
Overvalued PS
5.05
Undervalued PS
2.94

Financials

AI Analysis
Annual
Quarterly

Whales Holding MAC

D
DigitalBridge Investment Management, LLC
Holding
MAC
+6.94%
3M Return
P
PGGM
Holding
MAC
+4.34%
3M Return
S
Security Capital Research & Management Incorporated
Holding
MAC
+3.57%
3M Return
S
Smead Capital Management, Inc.
Holding
MAC
+2.54%
3M Return
R
Resolution Capital Limited
Holding
MAC
+1.26%
3M Return
C
CenterSquare Investment Management LLC
Holding
MAC
+0.81%
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 22.52 USD — it has decreased -1.36

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 01 2026.

What is Macerich Co (MAC) market cap?

Today MAC has the market capitalization of 6.38B USD.