Macerich Company (MAC)
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About
Business overview of The Macerich Company (MAC)
The Macerich Company invests in premium mall assets. The company owns 28 regional malls in its consolidated portfolio and 14 regional malls in its unconsolidated portfolio along with three power centers and seven other real estate assets. The company's total portfolio has 45.5 million square feet of gross leasable area and averaged $836 sales per square foot over the 12 months ended in December 2023.
Key Insights
Critical company metrics and information
Share Price
$21.16Market Cap
$5.34 BillionTotal Outstanding Shares
245.53 Million SharesTotal Employees
655Dividend
$0.17 Per Share QuarterlyIPO Date
March 9, 1994SIC Description
Real Estate Investment TrustsHomepage
https://www.macerich.com
Historical Stock Splits
Execution Date | Split Amount |
---|---|
No Historical Stock Splits |
Cash Flow Statement
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Net Cash Flow, Continuing | $21.84 Million |
Net Cash Flow From Financing Activities | $-258.97 Million |
Net Cash Flow | $21.84 Million |
Net Cash Flow From Investing Activities, Continuing | $2.85 Million |
Net Cash Flow From Financing Activities, Continuing | $-258.97 Million |
Net Cash Flow From Operating Activities | $277.96 Million |
Net Cash Flow From Investing Activities | $2.85 Million |
Net Cash Flow From Operating Activities, Continuing | $277.96 Million |
Income Statement
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Undistributed Earnings/Loss Allocated To Participating Securities, Basic | $857000.00 |
Basic Earnings Per Share | $0.36 |
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $1.71 Million |
Net Income/Loss Available To Common Stockholders, Basic | $78.41 Million |
Income/Loss From Continuing Operations After Tax | $88.42 Million |
Benefits Costs and Expenses | $883.14 Million |
Net Income/Loss | $88.42 Million |
Depreciation and Amortization | $283.09 Million |
Common Stock Dividends | $0.68 |
Net Income/Loss Attributable To Parent | $79.27 Million |
Diluted Average Shares | $216.97 Million |
Net Income/Loss Attributable To Noncontrolling Interest | $9.15 Million |
Costs And Expenses | $883.14 Million |
Revenues | $883.22 Million |
Operating Income/Loss | $79000.00 |
Income Tax Expense/Benefit, Current | $0.00 |
Income/Loss Before Equity Method Investments | $185.82 Million |
Operating Expenses | $883.14 Million |
Other Operating Expenses | $600.05 Million |
Interest Income/Expense After Provision For Losses | $-174.47 Million |
Income/Loss From Continuing Operations Before Tax | $79000.00 |
Basic Average Shares | $216.97 Million |
Diluted Earnings Per Share | $0.36 |
Interest Income/Expense Operating, Net | $-174.47 Million |
Provision For Loan, Lease, And Other Losses | $0.00 |
Income Tax Expense/Benefit | $-1.08 Million |
Income/Loss From Equity Method Investments | $-185.75 Million |
Preferred Stock Dividends And Other Adjustments | $857000.00 |
Income Tax Expense/Benefit, Deferred | $-1.08 Million |
Balance Sheet
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Assets | $7.59 Billion |
Equity Attributable To Noncontrolling Interest | $77.47 Million |
Liabilities | $5.00 Billion |
Noncurrent Assets | $0.00 |
Equity Attributable To Parent | $2.51 Billion |
Current Assets | $7.59 Billion |
Noncurrent Liabilities | $0.00 |
Liabilities And Equity | $7.59 Billion |
Current Liabilities | $5.00 Billion |
Long-term Debt | $4.34 Billion |
Equity | $2.59 Billion |
Historical Dividends
Current dividend: $0.17 Per Share Quarterly
Announcement Date | Payment Date | Record Date | Amount | Frequency |
---|---|---|---|---|
Oct 31, 2024 | Dec 2, 2024 | Nov 12, 2024 | $0.17 | Quarterly |
Jul 26, 2024 | Sep 9, 2024 | Aug 19, 2024 | $0.17 | Quarterly |
Apr 26, 2024 | Jun 3, 2024 | May 20, 2024 | $0.17 | Quarterly |
Feb 2, 2024 | Mar 4, 2024 | Feb 16, 2024 | $0.17 | Quarterly |
Oct 27, 2023 | Dec 1, 2023 | Nov 9, 2023 | $0.17 | Quarterly |
Aug 4, 2023 | Sep 8, 2023 | Aug 18, 2023 | $0.17 | Quarterly |
Apr 28, 2023 | Jun 2, 2023 | May 19, 2023 | $0.17 | Quarterly |
Jan 27, 2023 | Mar 3, 2023 | Feb 17, 2023 | $0.17 | Quarterly |
Oct 28, 2022 | Dec 2, 2022 | Nov 9, 2022 | $0.17 | Quarterly |
Jul 20, 2022 | Sep 8, 2022 | Aug 19, 2022 | $0.15 | Quarterly |
May 9, 2022 | Jun 3, 2022 | May 20, 2022 | $0.15 | Quarterly |
Jan 27, 2022 | Mar 3, 2022 | Feb 18, 2022 | $0.15 | Quarterly |
Jul 30, 2021 | Sep 8, 2021 | Aug 19, 2021 | $0.15 | Quarterly |
Apr 29, 2021 | Jun 3, 2021 | May 7, 2021 | $0.15 | Quarterly |
Jan 28, 2021 | Mar 3, 2021 | Feb 19, 2021 | $0.15 | Quarterly |
Oct 29, 2020 | Dec 3, 2020 | Nov 9, 2020 | $0.15 | Quarterly |
Jul 24, 2020 | Sep 8, 2020 | Aug 19, 2020 | $0.15 | Quarterly |
Mar 16, 2020 | Jun 3, 2020 | Apr 22, 2020 | $0.1 | Quarterly |
Jan 31, 2020 | Mar 3, 2020 | Feb 21, 2020 | $0.75 | Quarterly |
Oct 24, 2019 | Dec 3, 2019 | Nov 8, 2019 | $0.75 | Quarterly |
Jul 25, 2019 | Sep 6, 2019 | Aug 19, 2019 | $0.75 | Quarterly |
Apr 25, 2019 | Jun 3, 2019 | May 8, 2019 | $0.75 | Quarterly |
Jan 31, 2019 | Mar 1, 2019 | Feb 21, 2019 | $0.75 | Quarterly |
Oct 25, 2018 | Dec 3, 2018 | Nov 9, 2018 | $0.75 | Quarterly |
Jul 26, 2018 | Sep 7, 2018 | Aug 17, 2018 | $0.74 | Quarterly |
Apr 27, 2018 | Jun 1, 2018 | May 8, 2018 | $0.74 | Quarterly |
Jan 26, 2018 | Mar 2, 2018 | Feb 21, 2018 | $0.74 | Quarterly |
Oct 24, 2017 | Dec 1, 2017 | Nov 10, 2017 | $0.74 | Quarterly |
Aug 4, 2017 | Sep 7, 2017 | Aug 18, 2017 | $0.71 | Quarterly |
Apr 20, 2017 | Jun 2, 2017 | May 5, 2017 | $0.71 | Quarterly |
Feb 9, 2017 | Mar 3, 2017 | Feb 21, 2017 | $0.71 | Quarterly |
Oct 21, 2016 | Dec 2, 2016 | Nov 11, 2016 | $0.71 | Quarterly |
Jul 22, 2016 | Sep 8, 2016 | Aug 19, 2016 | $0.68 | Quarterly |
Apr 26, 2016 | Jun 3, 2016 | May 5, 2016 | $0.68 | Quarterly |
Jan 29, 2016 | Mar 4, 2016 | Feb 19, 2016 | $0.68 | Quarterly |
Jul 24, 2015 | Sep 8, 2015 | Aug 20, 2015 | $0.65 | Quarterly |
Apr 23, 2015 | Jun 5, 2015 | May 8, 2015 | $0.65 | Quarterly |
Jan 29, 2015 | Mar 6, 2015 | Feb 20, 2015 | $0.65 | Quarterly |
Oct 23, 2014 | Dec 5, 2014 | Nov 12, 2014 | $0.65 | Quarterly |
Jul 24, 2014 | Sep 5, 2014 | Aug 20, 2014 | $0.62 | Quarterly |
Apr 24, 2014 | Jun 6, 2014 | May 9, 2014 | $0.62 | Quarterly |
Jan 29, 2014 | Mar 7, 2014 | Feb 21, 2014 | $0.62 | Quarterly |
Oct 24, 2013 | Dec 6, 2013 | Nov 12, 2013 | $0.62 | Quarterly |
Aug 7, 2013 | Sep 6, 2013 | Aug 20, 2013 | $0.58 | Quarterly |
Apr 24, 2013 | Jun 7, 2013 | May 10, 2013 | $0.58 | Quarterly |
Jan 31, 2013 | Mar 8, 2013 | Feb 22, 2013 | $0.58 | Quarterly |
Oct 25, 2012 | Dec 7, 2012 | Nov 12, 2012 | $0.58 | Quarterly |
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