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Macerich Co MAC Stock Quote

| Rating as of

NYSE: MAC

Last close prices updated as of Feb 07, 2023, 12:06 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 13.75
  • Sector Real Estate
  • Industry REIT - Retail
  • Investment Style Small Value
  • Day Range 13.02  –  13.60
  • Year Range 7.40  –  17.60
  • Market Cap 2.8717 Bil
  • Volume / Avg 480,353.0 /  1.9 Mil
  • Price / Sales 3.43
  • Price / Book 1.02
  • Forward Div Yield 4.95%
  • Trailing Div Yield 5.91%

Morningstar‘s Stock Analysis MAC

Valuation
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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

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Capital Allocation

INVESTOR

Macerich's Class A Mall Portfolio Should Produce Solid Growth Over Next Decade

Kevin Brown Senior Analyst

Business Strategy and Outlook

| Kevin Brown |

Macerich has successfully repositioned the company over the past decade as a true owner and operator of Class A regional malls. Over the past 10 years, the company has sold over $4 billion in mostly lower-quality assets, either directly owned or owned through joint ventures, and recycled the capital into acquiring new Class A malls, buying out its partners' share in the unconsolidated portfolio or redeveloping its own portfolio. As a result, the company's portfolio should produce higher tenant sales productivity, occupancy levels, and rent and therefore is much better-positioned to face the economic headwinds of e-commerce. We expect Macerich to continue improving its portfolio through redevelopment, opportunistic acquisitions, and asset sales, which should deliver strong earnings growth for Macerich over time.

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Key Statistics MAC

Company Profile MAC

Business Description

The Macerich Company is an S&P 500 company that invests in premium mall assets. The company owns 29 regional malls in its consolidated portfolio and 19 regional malls in its unconsolidated portfolio along with six power centers and six other real estate assets. The company's total portfolio has 47.6 million square feet of gross leasable area and averaged $801 sales per square foot over the 12 months prior to the pandemic, with the consolidated portfolio averaging $646 sales per square foot and the unconsolidated portfolio averaging $998 sales per square foot.

Contact
401 Wilshire Boulevard, Suite 700
Santa Monica, CA, 90401
Industry REIT - Retail
Employees 640

Related Articles MAC

FAQs for Macerich Co Stock

Yes. MAC has a forward dividend yield of 4.95%. See MAC’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

MAC’s market cap is 2.87 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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MAC’s stock style is Small Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

MAC’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare MAC’s historical performance against its industry peers and the overall market.