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MACERICH CO MAC

NYSE · reit · Real Estate Investment Trusts · website · IPO 1994-03-10

MACERICH CO statistics & valuation

Market cap$7.3B
P / S7.2×
P / B2.9×
Dividend yield2.58%
Net margin-19.4%
Return on equity-7.8%
Net debt$4.8B
Enterprise value USD$12.1B

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
10.40% -29.30% 1.70% -7.70% -31.00% -21.10% -19.40% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
3.40% -9.40% 0.40% -2.20% -10.80% -6.80% -7.80% 2016201720182019202020212022202320242025
Shares outstanding
146.7M 141.9M 141.2M 141.4M 149.8M 214.8M 215.2M 216.0M 252.9M 257.0M 2016201720182019202020212022202320242025
Net debt ($)
$4.10B $4.31B $4.14B $4.04B $4.80B $4.79B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.10% -2.50% 0.20% -0.80% -3.60% -2.30% -2.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
1.87× 1.39× 1.44× 1.64× 1.72× 2.01× 2016201720182019202020212022202320242025
EPS ($)
$3.52 $1.02 $0.42 $0.68 -$1.58 $0.07 -$0.31 -$1.28 -$0.88 -$0.78 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

MACERICH CO trades at about 352.1× earnings — above its 10-year norm (10-year range 8.2×–236.3×, median 32.8×).

8.2× 352.1×

Shaded band = 10-year range (8.2×–236.3×); dot = today's 352.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin-19.4%-21.1%-31.0%-7.7%1.7%-29.3%10.4%———
Return on assets-2.4%-2.3%-3.6%-0.8%0.2%-2.5%1.1%———
Return on equity-7.8%-6.8%-10.8%-2.2%0.4%-9.4%3.4%———
Debt / equity2.01×1.72×1.64×1.44×1.39×1.87×————

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.