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Company Analysis

Macerich Company (The) MAC

A comprehensive view of key metrics, scores, and financial health for Macerich Company (The)

Overview of The Macerich Company

MAC NYQ
Real Estate REIT - Retail Framework: Real Estate Investment Trusts Mid Cap
The Macerich Company (MAC), is a Mid Cap company, in the REIT - Retail industry, last closed at $23.58, about 87.7% overvalued vs fair value, +30.0% 1Y return, ranked 161/338 in sector.
Metrics Rev Growth 10.4% ROE -7.6% Gross Margin 54.9% Div Yield 3.98%
USD 23.58
1.46%
(Delayed)
• Vol 90d: 30.9%
52-Week Range
Market Cap
$6.47B
Enterprise Value
$11.16B
Overall Score
View breakdown
Overall
Growth
Weak
Profitability
Weak
Health
Weak
Efficiency
Weak
Valuation
Fair
Growth
Weak
Profitability
Weak
Health
Weak
Efficiency
Weak
Valuation
Fair
Completeness: 100%
Confidence: 60%
Updated: Sep 12
Top Beats

Quick Facts

Website https://www.macerich.com
HQ Santa Monica, CA
Employees 596
Fiscal year Dec 31

Next Events

Dividend Sep 28 Ex-div: Sep 14
Earnings Nov 3 Estimated

Fair Value Snapshot

Bear Base Bull
$3
$3
$3
Current: $23.58 -88% vs base

Engine Room Money Flow™

Mid Cap

Real Estate Investment Trust - Where revenue goes and how value is created

Flow Steps
Total Revenue
$1.0B
10.4%%
Net Operating Income
$167.8M
1.7%%
Net Income
$-197.9M
-1.6%%
FFO (Funds From Operations)
$171.0M
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Real Estate Investment Trust

Quality & Reliability Indicators

FFO Payout Ratio
110.1%
Poor

Dividends / FFO - basic dividend safety

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$818.3M
1648.7% of AFFO

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
3
Active Leaks
1/3
Improving
0
High Impact
3
Critical
Locked Leak
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Locked Leak
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Moat Analysis REIT Specialized

Competitive Advantage Assessment

Evaluating Macerich Company (The)'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
34
/100
Developing
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Accretive Growth Track Record Growth appears accretive (score 0.81), suggesting disciplined capital allocation.

Key risks

  • Elevated Leverage Risk Leverage is elevated (score 0.15), raising refinancing risk.
  • Weak NOI Margins NOI margins lag peers (score 0.06), indicating weak pricing power.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Rent Pricing Power

Developing
29
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Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Equity REITs vs Industry Peers 96% Coverage
Trade-Off Triangle Visualization A ternary plot showing MAC's balance between Growth (51.5%), Profitability (24.7%), and Safety (23.8%). Growth 52% Safety 24% Profitability 25%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

60th percentile vs peers
61
Key Signals
Rev Growth YoY 10.4% 80p FFO Growth YoY 1.93 93p Revenue CAGR 3Y 5.7% 65p AFFO YoY Growth 1.93 92p EPS Growth YoY 11.1% 53p
Strengths
  • Rev Growth YoY in top 20% of peers (10.4%, 80th percentile)
  • FFO Growth YoY in top 20% of peers (1.93, 93th percentile)
  • Growth above peer median with strong metric coverage (94%)
  • AFFO YoY Growth in top 20% of peers (1.93, 92th percentile)
Risks

No significant risks identified for this axis.

Profitability

29th percentile vs peers
29
Key Signals
Strengths
Risks
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Safety

28th percentile vs peers
28
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Macerich Company (The).

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$2.90
- - -
-87.7% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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