The Macerich Key Executives
This section highlights The Macerich's key executives, including their titles and compensation details.
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The Macerich Earnings
This section highlights The Macerich's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-27 | $0.47 | $0.47 |
| Read Transcript | Q3 | 2024 | 2024-11-06 | $0.40 | $0.38 |
| Read Transcript | Q2 | 2024 | 2024-07-31 | $0.40 | $0.44 |
| Read Transcript | Q1 | 2024 | 2024-04-30 | $0.39 | $0.31 |
| Read Transcript | Q4 | 2023 | 2024-02-07 | $0.55 | $0.56 |
| Read Transcript | Q3 | 2023 | 2023-10-31 | $0.44 | $0.44 |
| Read Transcript | Q2 | 2023 | 2023-08-08 | $0.42 | $0.40 |
| Read Transcript | Q1 | 2023 | 2023-05-04 | $0.41 | $0.40 |
Macerich is a fully integrated, self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the West Coast, Arizona, Chicago and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for five straight years (2015 - 2019).
$17.43
Stock Price
$4.40B
Market Cap
616
Employees
Santa Monica, CA
Location
Financial Statements
Access annual & quarterly financial statements for The Macerich, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $918.20M | $881.37M | $859.16M | $847.44M | $786.03M |
| Cost of Revenue | $430.27M | $394.89M | $390.35M | $380.88M | $347.98M |
| Gross Profit | $487.94M | $486.48M | $468.81M | $466.55M | $438.05M |
| Gross Profit Ratio | 53.14% | 55.20% | 54.57% | 55.10% | 55.73% |
| Research and Development Expenses | $- | $- | $-0 | $-0 | $0 |
| General and Administrative Expenses | $28.14M | $29.24M | $27.16M | $30.06M | $30.34M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $28.14M | $29.24M | $27.16M | $30.06M | $30.34M |
| Other Expenses | $459.79M | $- | $291.61M | $311.13M | $319.62M |
| Operating Expenses | $487.94M | $489.18M | $318.78M | $341.19M | $349.96M |
| Cost and Expenses | $918.20M | $884.07M | $709.13M | $722.07M | $697.94M |
| Interest Income | $- | $- | $216.85M | $192.68M | $75.55M |
| Interest Expense | $219.99M | $172.92M | $216.85M | $192.68M | $75.55M |
| Depreciation and Amortization | $305.88M | $282.36M | $732.71M | $731.07M | $558.41M |
| EBITDA | $326.90M | $190.72M | $436.39M | $452.19M | $155.70M |
| EBITDA Ratio | 35.60% | 21.64% | 50.79% | 53.36% | 27.65% |
| Operating Income | $4.84M | $- | $144.78M | $141.06M | $-102.25M |
| Operating Income Ratio | 0.53% | 0.00% | 16.85% | 16.65% | -13.01% |
| Total Other Income Expenses Net | $-203.81M | $-278.59M | $-216.81M | $-102.26M | $-334.00M |
| Income Before Tax | $-198.97M | $-273.57M | $-64.37M | $23.11M | $-245.91M |
| Income Before Tax Ratio | -21.67% | -31.04% | -7.49% | 2.73% | -31.29% |
| Income Tax Expense | $-1.30M | $-494.00K | $705.00K | $6.95M | $-447.00K |
| Net Income | $-194.12M | $-274.06M | $-65.08M | $14.26M | $-245.46M |
| Net Income Ratio | -21.14% | -31.10% | -7.57% | 1.68% | -31.23% |
| EPS | $-0.87 | $-1.28 | $-0.30 | $0.07 | $-1.68 |
| EPS Diluted | $-0.87 | $-1.28 | $-0.30 | $0.07 | $-1.68 |
| Weighted Average Shares Outstanding | 221.84M | 215.55M | 215.03M | 198.07M | 146.23M |
| Weighted Average Shares Outstanding Diluted | 221.84M | 215.55M | 215.03M | 198.07M | 146.23M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $273.68M | $220.22M | $217.03M | $211.71M | $237.86M | $218.15M | $212.37M | $214.85M | $228.22M | $210.70M | $204.09M | $216.14M | $229.40M | $212.14M | $215.47M | $190.42M | $194.64M | $185.84M | $178.59M | $226.95M |
| Cost of Revenue | $11.37M | $103.83M | $171.16M | $172.26M | $168.13M | $101.65M | $95.83M | $99.04M | $97.31M | $99.95M | $95.62M | $97.48M | $103.91M | $91.50M | $89.31M | $96.16M | $90.12M | $83.25M | $80.23M | $94.37M |
| Gross Profit | $262.31M | $116.39M | $45.87M | $39.45M | $69.73M | $116.50M | $116.54M | $115.81M | $130.92M | $110.75M | $108.47M | $118.67M | $125.49M | $120.64M | $126.16M | $94.26M | $104.52M | $102.59M | $98.36M | $132.58M |
| Gross Profit Ratio | 95.85% | 52.90% | 21.10% | 18.60% | 29.30% | 53.40% | 54.90% | 53.90% | 57.40% | 52.60% | 53.10% | 54.90% | 54.70% | 56.90% | 58.60% | 49.50% | 53.70% | 55.20% | 55.08% | 58.42% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $7.50M | $6.01M | $7.00M | $7.64M | $7.55M | $5.91M | $8.80M | $6.98M | $7.08M | $6.78M | $6.44M | $6.86M | $7.69M | $7.60M | $6.68M | $8.09M | $7.69M | $7.59M | $8.24M | $6.82M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $7.50M | $6.01M | $7.00M | $7.64M | $7.55M | $5.91M | $8.80M | $6.98M | $7.08M | $6.78M | $6.44M | $6.86M | $7.69M | $7.60M | $6.68M | $8.09M | $7.69M | $7.59M | $8.24M | $6.82M |
| Other Expenses | $68.25M | $110.38M | $34.41M | $-13.51M | $-6.72M | $45.16M | $35.26M | $71.45M | $73.56M | $72.74M | $72.46M | $72.86M | $79.64M | $75.47M | $77.63M | $78.40M | $-163.30M | $78.61M | $80.29M | $82.21M |
| Operating Expenses | $75.74M | $116.39M | $78.67M | $13.51M | $6.72M | $76.67M | $79.19M | $78.43M | $80.64M | $79.52M | $78.90M | $79.72M | $87.33M | $83.06M | $84.31M | $86.48M | $86.19M | $86.19M | $88.54M | $89.03M |
| Cost and Expenses | $87.11M | $183.28M | $162.93M | $185.76M | $174.85M | $178.31M | $175.02M | $177.48M | $177.95M | $179.47M | $174.52M | $177.19M | $191.24M | $174.56M | $173.62M | $182.65M | $176.32M | $169.45M | $168.76M | $183.41M |
| Interest Income | $- | $- | $15.70M | $- | $- | $53.38M | $54.70M | $39.42M | $59.17M | $52.63M | $- | $- | $- | $- | $- | $- | $- | $- | $32.81M | $- |
| Interest Expense | $70.93M | $- | $55.47M | $52.19M | $25.41M | $53.38M | $54.70M | $39.42M | $59.17M | $52.63M | $53.19M | $51.86M | $43.53M | $40.34M | $54.91M | $53.90M | $10.26M | $37.18M | $52.84M | $8.07M |
| Depreciation and Amortization | $84.16M | $73.30M | $71.68M | $68.35M | $69.77M | $70.75M | $70.39M | $71.45M | $73.56M | $72.74M | $72.46M | $72.86M | $79.64M | $75.47M | $77.63M | $78.40M | $78.51M | $78.61M | $81.92M | $83.83M |
| EBITDA | $1.85M | $110.38M | $125.77M | $202.95M | $162.37M | $108.60M | $114.97M | $49.50M | $135.00M | $109.03M | $104.66M | $84.93M | $115.02M | $112.09M | $139.75M | $85.31M | $-154.42M | $96.42M | $73.71M | $137.07M |
| EBITDA Ratio | 0.68% | 50.12% | 57.95% | 44.54% | 55.82% | 1.43% | 47.45% | 21.89% | 59.15% | 52.35% | 53.10% | 38.27% | 49.38% | 52.47% | 64.75% | 47.52% | -39.31% | 44.39% | 61.81% | 60.40% |
| Operating Income | $186.57M | $37.08M | $54.10M | $25.94M | $63.01M | $141.79M | $142.43M | $-24.43M | $61.44M | $37.56M | $35.92M | $9.85M | $23.96M | $37.58M | $41.85M | $7.78M | $18.33M | $16.39M | $9.82M | $43.54M |
| Operating Income Ratio | 68.17% | 16.84% | 24.93% | 12.25% | 26.49% | 65.00% | 67.06% | -11.37% | 26.92% | 17.82% | 17.60% | 4.56% | 10.44% | 17.71% | 19.42% | 4.08% | 9.42% | 8.82% | 5.50% | 19.19% |
| Total Other Income Expenses Net | $-397.78M | $-132.03M | $-96.60M | $-155.61M | $2.80M | $-310.13M | $-44.42M | $-97.45M | $-47.07M | $-51.23M | $-47.93M | $-74.50M | $-65.67M | $75.49M | $-38.81M | $-73.27M | $-222.93M | $-37.91M | $-38.07M | $-35.08M |
| Income Before Tax | $-211.21M | $-94.95M | $-59.24M | $-96.58M | $65.11M | $-270.29M | $-14.04M | $-60.08M | $3.20M | $-13.67M | $-18.36M | $-35.55M | $-27.51M | $113.07M | $3.04M | $-65.49M | $-204.61M | $-21.52M | $-28.25M | $8.46M |
| Income Before Tax Ratio | -77.18% | -43.11% | -27.30% | -45.62% | 27.37% | -123.90% | -6.61% | -27.96% | 1.40% | -6.49% | -8.99% | -16.45% | -11.99% | 53.30% | 1.41% | -34.39% | -105.12% | -11.58% | -15.82% | 3.73% |
| Income Tax Expense | $-879.00K | $545.00K | $258.00K | $-1.22M | $-655.00K | $1.67M | $371.00K | $-1.88M | $-258.00K | $-166.00K | $-670.00K | $1.80M | $-2.50M | $107.00K | $7.11M | $2.24M | $237.00K | $1.11M | $-1.52M | $-266.00K |
| Net Income | $-211.21M | $-108.19M | $252.01M | $-126.91M | $62.18M | $-262.55M | $-14.96M | $-58.19M | $3.46M | $-13.50M | $-17.69M | $-37.35M | $-17.07M | $106.70M | $-11.77M | $-63.60M | $-190.42M | $-22.19M | $-25.12M | $7.52M |
| Net Income Ratio | -77.18% | -49.13% | 116.12% | -59.95% | 26.14% | -120.35% | -7.05% | -27.09% | 1.52% | -6.41% | -8.67% | -17.28% | -7.44% | 50.30% | -5.46% | -33.40% | -97.83% | -11.94% | -14.06% | 3.31% |
| EPS | $-0.89 | $-0.50 | $-0.34 | $-0.59 | $0.28 | $-1.22 | $-0.07 | $-0.27 | $0.02 | $-0.06 | $-0.08 | $-0.17 | $-0.08 | $0.50 | $-0.06 | $-0.40 | $-1.27 | $-0.15 | $-0.18 | $0.05 |
| EPS Diluted | $-0.89 | $-0.50 | $-0.34 | $-0.59 | $0.28 | $-1.22 | $-0.07 | $-0.27 | $0.02 | $-0.06 | $-0.08 | $-0.17 | $-0.08 | $0.50 | $-0.06 | $-0.40 | $-1.27 | $-0.14 | $-0.17 | $0.05 |
| Weighted Average Shares Outstanding | 236.62M | 218.42M | 216.18M | 216.04M | 215.81M | 215.63M | 215.46M | 215.29M | 215.18M | 215.13M | 214.99M | 214.82M | 213.96M | 213.21M | 199.65M | 158.58M | 149.69M | 149.63M | 141.18M | 141.44M |
| Weighted Average Shares Outstanding Diluted | 236.62M | 218.42M | 216.18M | 216.04M | 215.81M | 215.63M | 215.46M | 215.29M | 215.18M | 215.13M | 214.99M | 214.82M | 223.16M | 213.21M | 205.76M | 158.58M | 149.77M | 160.51M | 144.10M | 141.44M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $89.86M | $94.94M | $100.32M | $112.45M | $465.30M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $89.86M | $94.94M | $100.32M | $112.45M | $465.30M |
| Net Receivables | $155.35M | $188.23M | $186.89M | $211.36M | $240.81M |
| Inventory | $- | $- | $- | $54.52M | $17.36M |
| Other Current Assets | $87.62M | $95.36M | $80.82M | $- | $17.36M |
| Total Current Assets | $334.67M | $378.53M | $368.03M | $633.24M | $1.03B |
| Property Plant Equipment Net | $111.04M | $118.66M | $6.25B | $6.39B | $6.81B |
| Goodwill | $- | $- | $23.11M | $23.41M | $30.77M |
| Intangible Assets | $211.48M | $65.38M | $152.56M | $151.82M | $175.51M |
| Goodwill and Intangible Assets | $211.48M | $65.38M | $152.56M | $151.82M | $175.51M |
| Long Term Investments | $654.67M | $852.76M | $1.22B | $1.32B | $1.34B |
| Tax Assets | $25.32M | $24.02M | $23.11M | $23.41M | $30.77M |
| Other Non-Current Assets | $7.23B | $6.07B | $71.75M | $-175.23M | $-206.28M |
| Total Non-Current Assets | $8.23B | $7.13B | $7.73B | $7.71B | $8.15B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $8.57B | $7.51B | $8.09B | $8.35B | $9.18B |
| Account Payables | $87.54M | $64.19M | $63.11M | $59.23M | $68.83M |
| Short Term Debt | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $-603.80M | $-813.29M | $-2.10B |
| Other Current Liabilities | $572.54M | $509.53M | $439.84M | $382.21M | $406.98M |
| Total Current Liabilities | $660.08M | $573.72M | $502.94M | $441.44M | $475.80M |
| Long Term Debt | $5.06B | $4.29B | $4.50B | $4.61B | $6.13B |
| Deferred Revenue Non-Current | $- | $- | $5.14B | $5.17B | $6.74B |
| Deferred Tax Liabilities Non-Current | $- | $- | $102.62M | $134.22M | $240.78M |
| Other Non-Current Liabilities | $- | $122.31M | $-664.07M | $-760.70M | $-1.27B |
| Total Non-Current Liabilities | $5.06B | $4.41B | $4.64B | $4.73B | $6.26B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $5.72B | $4.99B | $5.14B | $5.17B | $6.74B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $2.53M | $2.16M | $2.15M | $2.15M | $1.50M |
| Retained Earnings | $-3.41B | $-3.06B | $-2.64B | $-2.44B | $-2.34B |
| Accumulated Other Comprehensive Income Loss | $-34.00K | $-952.00K | $632.00K | $-24.00K | $-8.21M |
| Other Total Stockholders Equity | $6.16B | $5.51B | $5.51B | $5.49B | $4.60B |
| Total Stockholders Equity | $2.76B | $2.45B | $2.87B | $3.05B | $2.26B |
| Total Equity | $2.84B | $2.53B | $2.95B | $3.18B | $2.45B |
| Total Liabilities and Stockholders Equity | $8.57B | $7.51B | $8.09B | $8.35B | $9.18B |
| Minority Interest | $85.94M | $80.58M | $83.58M | $129.28M | $188.21M |
| Total Liabilities and Total Equity | $8.57B | $7.51B | $8.09B | $8.35B | $9.18B |
| Total Investments | $654.67M | $852.76M | $1.22B | $1.32B | $1.34B |
| Total Debt | $5.06B | $4.31B | $4.50B | $4.61B | $6.13B |
| Net Debt | $4.97B | $4.21B | $4.40B | $4.50B | $5.66B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $45.69M | $116.47M | $181.65M | $225.08M | $190.29M | $111.80M | $92.47M | $112.17M | $100.32M | $109.99M | $106.38M | $128.24M | $112.45M | $117.60M | $194.03M | $1.08B | $465.30M | $528.43M | $497.58M | $652.35M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.20B | $1.25B | $- | $1.32B | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $45.69M | $116.47M | $181.65M | $225.08M | $190.29M | $111.80M | $92.47M | $112.17M | $100.32M | $109.99M | $106.38M | $128.24M | $112.45M | $117.60M | $194.03M | $1.08B | $465.30M | $528.43M | $497.58M | $652.35M |
| Net Receivables | $62.51M | $133.28M | $142.66M | $147.43M | $188.23M | $158.83M | $167.75M | $168.67M | $186.89M | $179.52M | $165.52M | $163.83M | $211.36M | $178.27M | $191.07M | $233.06M | $240.81M | $251.56M | $247.87M | $143.35M |
| Inventory | $- | $- | $1 | $1 | $- | $1 | $92.34M | $-144.67M | $- | $1.20B | $1.25B | $- | $54.52M | $55.51M | $69.30M | $1 | $17.36M | $13.37M | $- | $1 |
| Other Current Assets | $- | $113.50M | $110.96M | $105.03M | $95.36M | $96.33M | $92.34M | $93.52M | $80.82M | $54.98M | $52.06M | $55.93M | $- | $55.51M | $69.30M | $67.25M | $17.36M | $13.37M | $10.08M | $10.75M |
| Total Current Assets | $108.20M | $363.26M | $324.31M | $372.51M | $378.53M | $366.96M | $598.02M | $374.37M | $368.03M | $344.50M | $323.96M | $348.01M | $633.24M | $603.40M | $725.36M | $1.38B | $1.03B | $1.04B | $755.53M | $806.46M |
| Property Plant Equipment Net | $111.04M | $112.37M | $6.25B | $116.57M | $118.66M | $6.07B | $6.26B | $6.22B | $6.25B | $6.29B | $6.30B | $6.36B | $6.39B | $6.44B | $6.55B | $6.64B | $6.81B | $6.57B | $6.64B | $143.64M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $211.48M | $122.92M | $129.88M | $96.50M | $65.38M | $146.96M | $146.96M | $144.65M | $152.56M | $155.12M | $145.62M | $147.89M | $151.82M | $159.47M | $162.43M | $167.13M | $175.51M | $128.31M | $134.65M | $84.94M |
| Goodwill and Intangible Assets | $211.48M | $122.92M | $129.88M | $96.50M | $65.38M | $146.96M | $146.96M | $144.65M | $152.56M | $155.12M | $145.62M | $147.89M | $151.82M | $159.47M | $162.43M | $167.13M | $175.51M | $128.31M | $134.65M | $84.94M |
| Long Term Investments | $654.67M | $-279.28M | $915.82M | $788.08M | $852.76M | $918.54M | $1.03B | $1.09B | $1.22B | $1.20B | $1.25B | $1.26B | $1.32B | $1.37B | $1.37B | $1.36B | $1.34B | $1.57B | $1.57B | $1.54B |
| Tax Assets | $25.32M | $24.45M | $24.99M | $25.25M | $24.02M | $22.95M | $24.62M | $25.00M | $23.11M | $22.86M | $22.69M | $22.02M | $23.41M | $21.32M | $21.42M | $28.53M | $30.77M | $31.00M | $32.11M | $30.79M |
| Other Non-Current Assets | $7.23B | $-147.36M | $129.38M | $5.96B | $6.07B | $62.19M | $-171.58M | $68.55M | $71.75M | $48.37M | $70.53M | $72.98M | $-175.23M | $-180.78M | $-183.85M | $98.13M | $-206.28M | $-159.31M | $97.98M | $6.69B |
| Total Non-Current Assets | $8.23B | $112.37M | $7.45B | $6.99B | $7.13B | $7.22B | $7.30B | $7.54B | $7.73B | $7.72B | $7.79B | $7.86B | $7.71B | $7.81B | $7.92B | $8.29B | $8.15B | $8.14B | $8.47B | $8.49B |
| Other Assets | $226.47M | $7.11B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $8.57B | $7.59B | $7.78B | $7.36B | $7.51B | $7.59B | $7.89B | $7.92B | $8.09B | $8.07B | $8.11B | $8.21B | $8.35B | $8.41B | $8.64B | $9.67B | $9.18B | $9.18B | $9.23B | $9.30B |
| Account Payables | $87.54M | $79.23M | $67.70M | $60.58M | $64.19M | $73.92M | $57.00M | $59.56M | $63.11M | $65.93M | $53.89M | $58.01M | $59.23M | $58.46M | $51.51M | $59.32M | $68.83M | $71.94M | $58.67M | $66.99M |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $46.96M | $-612.77M | $-823.10M | $-88.86M | $-96.62M | $-246.30M | $-603.80M | $-321.26M | $-323.21M | $-484.56M | $-813.29M | $-657.11M | $-739.39M | $-1.94B | $- | $-294.92M | $-296.23M | $-298.35M |
| Other Current Liabilities | $572.54M | $506.86M | $496.86M | $485.51M | $509.53M | $507.42M | $506.04M | $503.82M | $439.84M | $442.19M | $340.81M | $347.45M | $382.21M | $366.91M | $361.59M | $377.15M | $406.98M | $587.20M | $321.86M | $304.20M |
| Total Current Liabilities | $660.08M | $586.10M | $564.57M | $546.09M | $573.72M | $581.34M | $563.04M | $563.38M | $502.94M | $508.12M | $394.70M | $405.46M | $441.44M | $425.37M | $413.10M | $436.46M | $475.80M | $399.58M | $380.53M | $371.19M |
| Long Term Debt | $5.06B | $4.42B | $4.61B | $4.35B | $4.41B | $4.37B | $4.39B | $4.37B | $4.50B | $4.45B | $4.53B | $4.58B | $4.61B | $4.63B | $4.97B | $6.10B | $6.13B | $5.96B | $5.97B | $5.98B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $-161.84M | $-612.82M | $-705.23M | $-606.00M | $-179.68M | $-819.07M | $-664.07M | $-349.94M | $-200.21M | $-382.25M | $-760.70M | $-104.55M | $-369.33M | $-1.48B | $-1.27B | $-82.45M | $-67.76M | $-37.66M |
| Total Non-Current Liabilities | $5.06B | $4.42B | $4.62B | $4.46B | $4.41B | $4.51B | $4.52B | $4.50B | $4.64B | $4.58B | $4.66B | $4.70B | $4.73B | $4.75B | $5.10B | $6.24B | $6.26B | $6.14B | $6.16B | $6.20B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $5.72B | $5.00B | $5.19B | $5.00B | $4.99B | $5.09B | $5.09B | $5.06B | $5.14B | $5.09B | $5.06B | $5.11B | $5.17B | $5.18B | $5.52B | $6.67B | $6.74B | $6.53B | $6.54B | $6.58B |
| Preferred Stock | $- | $- | $32.00K | $- | $- | $5.46B | $2.79B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $208.00K | $- | $- | $446.00K |
| Common Stock | $2.53M | $2.26M | $2.16M | $2.16M | $2.16M | $2.15M | $2.15M | $2.15M | $2.15M | $2.15M | $2.15M | $2.15M | $2.15M | $2.13M | $2.11M | $1.97M | $1.50M | $1.50M | $1.50M | $1.42M |
| Retained Earnings | $-3.41B | $-3.16B | $-3.01B | $-3.23B | $-3.06B | $-3.09B | $-2.79B | $-2.74B | $-2.64B | $-2.61B | $-2.56B | $-2.51B | $-2.44B | $-2.39B | $-2.47B | $-2.43B | $-2.34B | $-2.13B | $-2.08B | $-2.04B |
| Accumulated Other Comprehensive Income Loss | $- | $-179.00K | $-32.00K | $-337.00K | $-952.00K | $556.00K | $1.10M | $752.00K | $632.00K | $13.00K | $16.00K | $7.00K | $-24.00K | $0 | $-2.77M | $-5.51M | $-8.21M | $-10.89M | $-13.70M | $-15.45M |
| Other Total Stockholders Equity | $6.16B | $5.67B | $5.52B | $5.51B | $5.51B | $5.52B | $5.52B | $5.51B | $5.51B | $5.51B | $5.50B | $5.49B | $5.49B | $5.47B | $5.44B | $5.26B | $4.60B | $4.60B | $4.60B | $4.59B |
| Total Stockholders Equity | $2.76B | $2.51B | $2.51B | $2.29B | $2.45B | $2.43B | $2.73B | $2.78B | $2.87B | $2.90B | $2.94B | $2.98B | $3.05B | $3.07B | $2.97B | $2.83B | $2.26B | $2.46B | $2.50B | $2.53B |
| Total Equity | $2.84B | $2.59B | $2.59B | $2.36B | $2.53B | $2.50B | $2.81B | $2.86B | $2.95B | $2.98B | $3.06B | $3.10B | $3.18B | $3.23B | $3.13B | $3.00B | $2.45B | $2.65B | $2.69B | $2.72B |
| Total Liabilities and Stockholders Equity | $8.57B | $7.59B | $7.78B | $7.36B | $7.51B | $7.59B | $7.89B | $7.92B | $8.09B | $8.07B | $8.11B | $8.21B | $8.35B | $8.41B | $8.64B | $9.67B | $9.18B | $9.18B | $9.23B | $9.30B |
| Minority Interest | $85.94M | $77.47M | $83.31M | $73.48M | $80.58M | $65.93M | $77.64M | $79.52M | $83.58M | $78.91M | $114.92M | $120.87M | $129.28M | $160.06M | $158.45M | $163.41M | $188.21M | $184.21M | $186.16M | $190.37M |
| Total Liabilities and Total Equity | $8.57B | $7.59B | $7.78B | $7.36B | $7.51B | $7.59B | $7.89B | $7.92B | $8.09B | $8.07B | $8.11B | $8.21B | $8.35B | $8.41B | $8.64B | $9.67B | $9.18B | $9.18B | $9.23B | $9.30B |
| Total Investments | $654.67M | $775.36M | $915.82M | $788.08M | $852.76M | $918.54M | $1.03B | $1.09B | $1.22B | $2.41B | $2.49B | $1.26B | $2.64B | $1.37B | $1.37B | $1.36B | $1.34B | $1.57B | $1.57B | $1.54B |
| Total Debt | $5.06B | $4.42B | $4.62B | $4.46B | $4.41B | $4.37B | $4.39B | $4.37B | $4.50B | $4.45B | $4.53B | $4.58B | $4.61B | $4.63B | $4.97B | $6.10B | $6.13B | $5.96B | $5.97B | $5.98B |
| Net Debt | $4.97B | $4.30B | $4.44B | $4.23B | $4.22B | $4.26B | $4.29B | $4.26B | $4.40B | $4.34B | $4.43B | $4.45B | $4.50B | $4.51B | $4.78B | $5.02B | $5.66B | $5.43B | $5.47B | $5.33B |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $-194.12M | $-274.94M | $-65.08M | $16.16M | $-245.46M |
| Depreciation and Amortization | $305.88M | $296.39M | $302.48M | $324.40M | $326.06M |
| Deferred Income Tax | $-1.30M | $-494.00K | $705.00K | $6.95M | $-447.00K |
| Stock Based Compensation | $12.13M | $13.17M | $17.64M | $14.27M | $13.84M |
| Change in Working Capital | $18.05M | $18.30M | $60.37M | $44.43M | $-107.85M |
| Accounts Receivables | $6.36M | $354.00K | $6.61M | $62.42M | $-105.95M |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $21.31M | $1.87M | $-382.00K | $-6.75M | $15.48M |
| Other Working Capital | $-9.61M | $16.07M | $54.14M | $-11.25M | $-17.38M |
| Other Non Cash Items | $142.81M | $243.07M | $21.40M | $-119.84M | $138.70M |
| Net Cash Provided by Operating Activities | $283.44M | $295.50M | $337.51M | $286.37M | $124.84M |
| Investments in Property Plant and Equipment | $- | $- | $-97.90M | $-110.93M | $-71.52M |
| Acquisitions Net | $-12.97M | $-81.16M | $-81.72M | $-86.85M | $-126.66M |
| Purchases of Investments | $- | $- | $-106.26M | $-86.85M | $-232.47M |
| Sales Maturities of Investments | $- | $- | $21.00M | $1.30M | $303.98M |
| Other Investing Activities | $32.76M | $133.70M | $263.48M | $518.29M | $-76.19M |
| Net Cash Used for Investing Activities | $19.79M | $52.54M | $-1.40M | $234.97M | $-202.85M |
| Debt Repayment | $-804.85M | $-151.84M | $-137.44M | $-1.50B | $628.61M |
| Common Stock Issued | $658.87M | $1.22M | $1.74M | $831.59M | $1.53M |
| Common Stock Repurchased | $- | $- | $-183.00K | $- | $- |
| Dividends Paid | $-161.29M | $-146.63M | $-133.33M | $-143.45M | $-179.86M |
| Other Financing Activities | $-8.79M | $-41.63M | $-52.72M | $-22.92M | $-3.82M |
| Net Cash Used Provided by Financing Activities | $-316.05M | $-338.89M | $-321.94M | $-837.02M | $446.45M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-12.81M | $9.15M | $14.17M | $-315.69M | $368.44M |
| Cash at End of Period | $177.48M | $190.29M | $181.14M | $166.97M | $482.66M |
| Cash at Beginning of Period | $190.29M | $181.14M | $166.97M | $482.66M | $114.22M |
| Operating Cash Flow | $283.44M | $295.50M | $337.51M | $286.37M | $124.84M |
| Capital Expenditure | $- | $- | $-97.90M | $-110.93M | $-71.52M |
| Free Cash Flow | $283.44M | $295.50M | $239.61M | $175.44M | $53.32M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-219.62M | $-108.19M | $251.61M | $-126.91M | $62.18M | $-271.96M | $-14.41M | $-58.19M | $3.46M | $-13.50M | $-17.69M | $-37.35M | $-25.00M | $112.96M | $-4.06M | $-67.73M | $-204.84M | $-22.62M | $-26.73M | $8.73M |
| Depreciation and Amortization | $84.16M | $75.93M | $71.68M | $68.35M | $69.77M | $74.40M | $74.30M | $75.03M | $76.34M | $75.38M | $75.09M | $75.67M | $82.95M | $78.85M | $81.79M | $80.81M | $79.56M | $80.75M | $81.92M | $83.83M |
| Deferred Income Tax | $-879.00K | $- | $258.00K | $-1.22M | $-655.00K | $1.67M | $371.00K | $-1.88M | $-258.00K | $-166.00K | $-670.00K | $1.80M | $-2.50M | $107.00K | $7.11M | $2.24M | $237.00K | $1.11M | $-1.52M | $-266.00K |
| Stock Based Compensation | $3.52M | $3.42M | $2.46M | $2.73M | $2.29M | $1.01M | $4.97M | $4.89M | $4.22M | $4.27M | $4.28M | $4.87M | $3.40M | $3.41M | $3.43M | $4.03M | $2.85M | $3.50M | $3.27M | $4.22M |
| Change in Working Capital | $-28.31M | $38.20M | $7.31M | $853.00K | $-33.21M | $43.33M | $-6.47M | $14.65M | $-28.05M | $107.33M | $-12.03M | $-6.89M | $-3.09M | $25.84M | $5.56M | $16.11M | $26.82M | $27.50M | $-136.29M | $-25.88M |
| Accounts Receivables | $-32.80M | $10.36M | $-1.22M | $30.02M | $-29.46M | $9.41M | $-1.65M | $22.05M | $-12.91M | $-6.84M | $-1.74M | $28.10M | $-15.33M | $-3.42M | $28.48M | $52.68M | $18.06M | $-2.35M | $-133.32M | $11.67M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $22.07M | $- | $- | $-976.91M | $-227.20M | $-305.00K | $11.52M | $-54.52M |
| Accounts Payables | $3.86M | $11.74M | $3.98M | $1.72M | $-12.81M | $17.77M | $-5.03M | $1.94M | $-8.56M | $13.38M | $-5.99M | $790.00K | $246.00K | $8.43M | $-8.10M | $-7.33M | $-11.69M | $14.14M | $-2.90M | $15.94M |
| Other Working Capital | $631.00K | $16.10M | $4.55M | $-30.89M | $9.06M | $16.15M | $204.00K | $-9.34M | $-6.58M | $100.79M | $-4.30M | $-35.77M | $-10.08M | $20.83M | $-14.82M | $947.66M | $247.66M | $16.02M | $-11.59M | $1.04M |
| Other Non Cash Items | $216.00M | $90.69M | $-85.82M | $244.71M | $-50.98M | $258.94M | $-771.00K | $46.23M | $-3.20M | $-3.75M | $997.00K | $27.34M | $18.97M | $-122.56M | $-33.02M | $16.76M | $155.08M | $-9.72M | $14.27M | $-20.94M |
| Net Cash Provided by Operating Activities | $54.87M | $100.05M | $104.19M | $82.04M | $49.38M | $107.40M | $57.99M | $80.73M | $52.52M | $169.57M | $49.98M | $65.44M | $74.73M | $98.61M | $60.81M | $52.22M | $59.71M | $80.51M | $-65.08M | $49.70M |
| Investments in Property Plant and Equipment | $- | $- | $-41.18M | $-35.24M | $-47.27M | $-40.78M | $-35.38M | $-36.08M | $-35.04M | $-23.02M | $-19.08M | $-20.77M | $-28.36M | $-29.73M | $-29.28M | $-23.56M | $64.43M | $- | $-23.32M | $-28.25M |
| Acquisitions Net | $29.67M | $-7.00M | $-22.96M | $-12.69M | $-25.58M | $-18.34M | $-24.30M | $-12.94M | $-38.76M | $-11.08M | $-12.46M | $-19.42M | $-30.27M | $-17.09M | $-13.81M | $-25.67M | $-26.04M | $-20.20M | $-46.54M | $-33.87M |
| Purchases of Investments | $- | $- | $-59.18M | $-12.69M | $-25.58M | $-18.34M | $-70.99M | $-12.94M | $-38.76M | $-35.62M | $-12.46M | $-19.42M | $-30.27M | $-17.09M | $-13.81M | $-25.67M | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $20.23M | $11.00K | $4.32M | $6.46M | $28.24M | $49.02M | $21.00M | $58.64M | $31.54M | $- | $- | $- | $- | $1.30M | $- | $- | $- | $- |
| Other Investing Activities | $7.49M | $72.97M | $-13.01M | $-1.48M | $114.33M | $44.39M | $43.17M | $131.10M | $43.50M | $6.61M | $16.63M | $66.38M | $9.11M | $168.27M | $45.02M | $99.41M | $-118.44M | $6.50M | $2.18M | $20.71M |
| Net Cash Used for Investing Activities | $37.16M | $65.98M | $-93.13M | $-47.92M | $20.23M | $-26.60M | $-59.25M | $118.17M | $-48.05M | $-4.47M | $4.16M | $46.95M | $-21.16M | $151.18M | $31.20M | $73.74M | $-80.05M | $-13.71M | $-67.68M | $-41.41M |
| Debt Repayment | $-610.01M | $-225.66M | $-14.41M | $39.87M | $-48.78M | $-5.79M | $21.98M | $-119.26M | $53.55M | $-88.45M | $-45.06M | $-53.81M | $-21.73M | $-341.84M | $-1.11B | $-24.54M | $-14.88M | $-8.33M | $-7.46M | $655.15M |
| Common Stock Issued | $509.29M | $148.56M | $955.00K | $- | $593.00K | $- | $944.00K | $- | $781.00K | $- | $- | $-70.00K | $1.12M | $38.45M | $195.01M | $597.01M | $679.00K | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $-184.00K | $- | $- | $- | $-31.00K | $-32.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-41.22M | $-39.84M | $-36.72M | $-36.80M | $-36.67M | $-36.65M | $-36.61M | $-36.70M | $-36.54M | $-32.26M | $-35.40M | $-41.31M | $-38.93M | $-35.97M | $-41.87M | $-26.67M | $-22.45M | $-22.48M | $-112.00M | $-8.47M |
| Other Financing Activities | $-2.59M | $-756.00K | $955.00K | $-2.41M | $-2.59M | $-14.62M | $-5.00M | $-18.39M | $-6.07M | $-37.71M | $-328.00K | $- | $-177.00K | $-640.00K | $-18.76M | $-3.35M | $74.00K | $-1.86M | $-205.00K | $123.00K |
| Net Cash Used Provided by Financing Activities | $-144.53M | $-117.70M | $-54.48M | $667.00K | $-87.45M | $-57.47M | $-19.63M | $-174.34M | $11.69M | $-158.57M | $-79.87M | $-95.19M | $-59.72M | $-340.00M | $-979.75M | $542.45M | $-38.80M | $-32.66M | $-22.68M | $540.60M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $2.44M | $-23.33M | $20.89M | $- | $- | $- | $- | $- | $-461.62M | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-52.50M | $48.32M | $-43.42M | $34.78M | $-17.84M | $23.33M | $-20.89M | $24.55M | $16.16M | $6.53M | $-25.73M | $17.21M | $-6.14M | $-90.22M | $-887.74M | $668.41M | $-59.14M | $34.14M | $-155.44M | $548.89M |
| Cash at End of Period | $177.48M | $229.98M | $181.65M | $225.08M | $190.29M | $208.13M | $184.80M | $205.69M | $181.14M | $164.97M | $158.44M | $184.18M | $166.97M | $173.11M | $263.33M | $1.15B | $482.66M | $541.80M | $507.66M | $663.11M |
| Cash at Beginning of Period | $229.98M | $181.65M | $225.08M | $190.29M | $208.13M | $184.80M | $205.69M | $181.14M | $164.97M | $158.44M | $184.18M | $166.97M | $173.11M | $263.33M | $1.15B | $482.66M | $541.80M | $507.66M | $663.11M | $114.22M |
| Operating Cash Flow | $54.87M | $100.05M | $104.19M | $82.04M | $49.38M | $107.40M | $57.99M | $80.73M | $52.52M | $169.57M | $49.98M | $65.44M | $74.73M | $98.61M | $60.81M | $52.22M | $59.71M | $80.51M | $-65.08M | $49.70M |
| Capital Expenditure | $- | $- | $-41.18M | $-35.24M | $-47.27M | $-40.78M | $-35.38M | $-36.08M | $-35.04M | $-23.02M | $-19.08M | $-20.77M | $-28.36M | $-29.73M | $-29.28M | $-23.56M | $64.43M | $- | $-23.32M | $-28.25M |
| Free Cash Flow | $54.87M | $100.05M | $63.01M | $46.79M | $2.12M | $66.62M | $22.61M | $44.65M | $17.48M | $146.55M | $30.90M | $44.67M | $46.38M | $68.88M | $31.53M | $28.66M | $124.14M | $80.51M | $-88.40M | $21.45M |
The Macerich Dividends
Explore The Macerich's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
3.65%
Dividend Payout Ratio
-83.09%
Dividend Paid & Capex Coverage Ratio
1.76x
The Macerich Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.17 | $0.17 | March 04, 2025 | March 04, 2025 | March 18, 2025 | |
| $0.17 | $0.17 | November 12, 2024 | November 12, 2024 | December 02, 2024 | October 31, 2024 |
| $0.17 | $0.17 | August 19, 2024 | August 19, 2024 | September 09, 2024 | July 26, 2024 |
| $0.17 | $0.17 | May 17, 2024 | May 20, 2024 | June 03, 2024 | April 26, 2024 |
| $0.17 | $0.17 | February 15, 2024 | February 16, 2024 | March 04, 2024 | February 02, 2024 |
| $0.17 | $0.17 | November 08, 2023 | November 09, 2023 | December 01, 2023 | October 27, 2023 |
| $0.17 | $0.17 | August 17, 2023 | August 18, 2023 | September 08, 2023 | August 04, 2023 |
| $0.17 | $0.17 | May 18, 2023 | May 19, 2023 | June 02, 2023 | April 28, 2023 |
| $0.17 | $0.17 | February 16, 2023 | February 17, 2023 | March 03, 2023 | January 27, 2023 |
| $0.17 | $0.17 | November 08, 2022 | November 09, 2022 | December 02, 2022 | October 28, 2022 |
| $0.15 | $0.15 | August 18, 2022 | August 19, 2022 | September 08, 2022 | July 20, 2022 |
| $0.15 | $0.15 | May 19, 2022 | May 20, 2022 | June 03, 2022 | May 09, 2022 |
| $0.15 | $0.15 | February 17, 2022 | February 18, 2022 | March 03, 2022 | January 27, 2022 |
| $0.15 | $0.15 | November 08, 2021 | November 09, 2021 | December 03, 2021 | October 28, 2021 |
| $0.15 | $0.15 | August 18, 2021 | August 19, 2021 | September 08, 2021 | July 30, 2021 |
| $0.15 | $0.15 | May 06, 2021 | May 07, 2021 | June 03, 2021 | April 29, 2021 |
| $0.15 | $0.15 | February 18, 2021 | February 19, 2021 | March 03, 2021 | January 28, 2021 |
| $0.15 | $0.15 | November 06, 2020 | November 09, 2020 | December 03, 2020 | October 29, 2020 |
| $0.15 | $0.15 | August 18, 2020 | August 19, 2020 | September 08, 2020 | July 24, 2020 |
| $0.1 | $0.1 | April 21, 2020 | April 22, 2020 | June 03, 2020 | March 16, 2020 |
The Macerich News
Read the latest news about The Macerich, including recent articles, headlines, and updates.
Macerich and PenFed Credit Union Secure Exclusive Sponsorship Agreement for Tysons Corner Center Plaza
Agreement Underscores PenFed Credit Union's Long-Standing Commitment to the Local Community and its Members Agreement Underscores PenFed Credit Union's Long-Standing Commitment to the Local Community and its Members
MAC Copper Simplifies its Debt Structure with Lower Interest Rate and Improved Liquidity
ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC) MAC Copper Limited (“MAC” or the “Company”) is pleased to announce that it has successfully amended its debt and further simplified its balance sheet through the early repayment of the Sprott mezzanine facility. Overview of the Debt Facilities Old MAC facilities comprised of a US$159 million term loan facility, an undrawn US$25 million revolving credit facility, a US$145 million mezzanine facility1 and.
Estee Lauder: What's Next for the Company That Owns Jo Malone, Bobbi Brown, MAC?
Estée Lauder CEO Stéphane de La Faverie says he is committed to reigniting growth and achieving "solid double-digit margin" for the company. "We need to be reactive to where the consumer goes, and we need to make sure we give them the innovation they are looking for in the time that they want it," he said.
The Macerich Company (MAC) Q4 2024 Earnings Call Transcript
The Macerich Company (NYSE:MAC ) Q4 2024 Earnings Conference Call February 27, 2025 1:00 PM ET Company Participants Samantha Greening - Director, IR Jack Hsieh - President & CEO Dan Swanstrom - SEVP & CFO Doug Healey - SEVP, Leasing Brad Miller - SVP, Portfolio Management Conference Call Participants Floris Van Dijkum - Compass Point Craig Mailman - Citi Linda Tsai - Jefferies Andrew Reale - Bank of America Securities Vince Tibone - Green Street Alexander Goldfarb - Piper Sandler Haendel St. Juste - Mizuho Operator Ladies and gentlemen, thank you for standing by. Welcome to the Fourth Quarter 2024 Macerich Earnings Conference Call.
Here's What Key Metrics Tell Us About Macerich (MAC) Q4 Earnings
Although the revenue and EPS for Macerich (MAC) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Macerich Reports Fourth Quarter 2024 Results
SANTA MONICA, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) has released its Fourth Quarter 2024 Earnings Results and Supplemental Information by posting it to the Investor Relations section of its website at investing.macerich.com .
Macerich To Present at Citi's 2025 30th Annual Global Property CEO Conference
SANTA MONICA, Calif., Feb. 25, 2025 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) announced today that Jack Hsieh, President and Chief Executive Officer, and Dan Swanstrom, Senior Executive Vice President, Chief Financial Officer, and Treasurer, will participate in a round table presentation at Citi's 2025 Global Property CEO Conference on Tuesday, March 4, 2025, at 1:30 pm Eastern Time.
Stay Ahead of the Game With Macerich (MAC) Q4 Earnings: Wall Street's Insights on Key Metrics
Beyond analysts' top -and-bottom-line estimates for Macerich (MAC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
MAC Copper Limited Announces 2024 Resource and Reserve Statement and Production Guidance
ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC), a private limited company incorporated under the laws of Jersey, Channel Islands (“MAC” or the “Company”) is pleased to release its Resource and Reserve Statement (as at 31 December 2024) (“R+R”) and 2 Year Production Guidance for the CSA Copper Mine in NSW. In accordance with Item 1300 of Regulation S-K (17 CFR Part 229) (“S-K 1300”), all Mineral Resources are reported exclusive of Mineral Reserves.
MAC Copper Limited Provides Notice of Release of Updated Resource and Reserve Statement, 2024 Annual Financial Statements & Appendix 4E and Conference Call Details
ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC) MAC Copper Limited ARBN 671 963 198 (NYSE: MTAL; ASX: MAC), a private limited company incorporated under the laws of Jersey, Channel Islands (“MAC” or the “Company”) will release its updated Resource and Reserve Statement (as at 31 December 2024) on Monday, February 24, 2025 before market open (New York time) / after market close (Sydney time). The Company will also release its 2024 Annual Financial St.
Macerich Declares the Quarterly Dividend on Its Common Shares
SANTA MONICA, Calif., Feb. 14, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $0.17 per share of common stock. The dividend is payable on March 18, 2025, to stockholders of record at the close of business on March 4, 2025.
MAC Copper Limited Announces December 2024 Quarterly Report
ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited (NYSE: MTAL; ASX:MAC) MAC Copper Limited ARBN 671 963 198 (NYSE: MTAL; ASX: MAC), a private limited company incorporated under the laws of Jersey, Channel Islands (“MAC” or the “Company”) is pleased to release its December 2024 quarterly activities report (“Q4 2024” or “December quarter”). HIGHLIGHTS Record quarterly production of 11,320 tonnes at a 4.1% Cu grade Material improvement in TRIFR to 10.9 in Q4 2024 from a TRIFR of 14.2 recorde.
Macerich Announces Appointment of Devin Murphy to Board of Directors
Murphy Previously Served as President of Phillips Edison & Company (NASDAQ: PECO), One of the Nation's Largest Owners and Operators of Grocery-anchored Neighborhood Shopping Centers; Brings Nearly Three Decades of Investment Banking Experience to the Board Murphy Previously Served as President of Phillips Edison & Company (NASDAQ: PECO), One of the Nation's Largest Owners and Operators of Grocery-anchored Neighborhood Shopping Centers; Brings Nearly Three Decades of Investment Banking Experience to the Board
The State Of REITs: January 2025 Edition
The REIT sector took a beating in December with an average total return of -6.85% but still finished in the black for full year 2024 (+3.70%). Small cap (-5.98%) and mid cap REITs (-6.62%) outperformed large caps (-7.43%) and micro caps (-8.63%) in December. Only 9.68% of REIT securities had a positive total return in December. 55.63% had a positive total return for all of 2024.
MAC Copper Limited Provides Notice of Release of Fourth Quarter 2024 Results and Conference Call Details
ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC) MAC Copper Limited ARBN 671 963 198 (NYSE: MTAL; ASX: MAC), a private limited company incorporated under the laws of Jersey, Channel Islands (“MAC” or the “Company”) will release its fourth quarter 2024 results on Tuesday, January 28, 2025 after market close (New York time) / Wednesday, January 29, 2025 before market open (Sydney time). Conference Call The Company will host a conference call and webcas.
Is Macerich Now A Buy?
Macerich has rallied heavily over the last year as market enthusiasm builds over its Path Forward Plan. The REIT is currently trading for 13.5x times its annualized third-quarter FFO and offers a modest 3.31% dividend yield. The November equity offering should be accretive, but revenue is set to dip in future quarters on asset sales and givebacks.
The State Of REITs: December 2024 Edition
The REIT sector bounced back from a rough October with a strong +3.19% average total return in November. Small cap (+4.19%), mid cap (+3.70%), and large cap (+3.39%) REITs averaged gains in November, while micro caps (-0.81%) finished the month in the red. 74.19% of REIT securities had a positive total return in November.
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