profit from every $100 of sales.
$0$100
The Macerich
$25.38-0.94% today
+41.5% in 1 year
1-year low $16.201-year high $26.51
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What The Macerich sold, what it kept, and what it did with the cash.
Sales went from $859 million in 2022 to $1.01 billion in 2025, with -$197 million of profit last year.
SalesProfit
The Macerich vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| The Macerich | No profit yet | ||
 Simon Property Group | 19.2× · Fair price | ||
 Realty Income | 53.7× · Expensive | ||
 Kimco Realty | 29.1× · Fair price | ||
 Unibail-Rodamco-Westfield | 10.6× · Cheap |
AI analysis
An AI analyst reads The Macerich's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 786 | 847 | 859 | 884 | 918 | 1,014 | |
| – | – | – | – | – | – | |
| – | – | – | – | – | – | |
| – | – | – | – | – | – | |
| -230 | 14 | -66 | -274 | -194 | -197 | |
| -1.58 | 0.07 | -0.31 | -1.28 | -0.88 | -0.78 | |
| – | – | – | – | – | – | |
| – | – | – | – | – | – | |
| -29.3% | 1.7% | -7.7% | -31.0% | -21.1% | -19.4% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 9,184 | 8,346 | 8,094 | 7,514 | 8,567 | 8,369 |
| Cash | 465 | 112 | 100 | 95 | 90 | 280 |
| Total debt | 4,561 | 4,424 | 4,241 | 4,136 | 4,895 | 5,069 |
| Total liabilities | 6,739 | 5,170 | 5,145 | 4,986 | 5,725 | 5,842 |
| 2,257 | 3,047 | 2,866 | 2,447 | 2,756 | 2,449 | |
| 146 | 198 | 215 | 216 | 222 | 254 | |
| – | – | – | – | – | – | |
| -10.2% | 0.5% | -2.3% | -11.2% | -7.0% | -8.1% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 125 | 286 | 338 | 296 | 283 | 322 | |
| – | – | – | – | – | – | |
| – | – | – | – | – | – | |
| Dividends paid | 180 | 143 | 186 | 159 | 161 | 188 |
| – | – | – | – | – | – | |
| 14 | 14 | 18 | 13 | 12 | 18 |
Valuation
- –
- –
- –
- 2.3×
- 7.4×
- 23.3×
- –
- 4.3%
- -2.6%
- 3.1%
Profitability
- 21.1%
- 16.5%
- -19.4%
- 52.8%
- 2.0%
- -2.0%
- -7.3%
- -2.2%
- 2.3%
- –
Growth
- +5.2%
- –
- +13.5%
- −10.0%
- +6.7%
Financial health
- 9.4×
- 2.07
- 61.7%
- 0.8×
- 0.50
- 0.50
- 0.12
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 18%of 746
Bottom 23%of 752
Bottom 42%of 762
Bottom 40%of 763
What analysts expect
- Average price target
- $21.40
- Range
- $20.00 – $25.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 6, 2026 | 0.34 | -0.06 | +700.0% |
| Feb 18, 2026 | 0.48 | 0.43 | +11.6% |
| Nov 4, 2025 | 0.35 | 0.36 | −2.8% |
| Aug 11, 2025 | 0.32 | 0.34 | −5.9% |
| May 12, 2025 | 0.33 | 0.31 | +6.5% |
| Feb 27, 2025 | 0.47 | 0.47 | +0.0% |
| Nov 6, 2024 | 0.38 | 0.40 | −5.0% |
| Jul 31, 2024 | 0.44 | 0.40 | +10.0% |
3.1%of the share price, paid each year
On $1,000 invested$31a year at today's yield, before tax
−10.0%2020 to 2025
Raised–not every year
Paid per share, each year
$6.63 in 2015 → $0.68 in 2025
How safe it looks
-123.8% of its profit
Room to growStretchedMore than it earns: 54.1%
News
Macerich expects to close an off-market acquisition by year-end with a 9% to 11% stabilized yieldSeeking Alpha · Nov 5, 2026MacBook Pro: Apple launches its first ever touchscreen Mac – and brings back iconic featureYahoo Finance · Oct 28, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
33No pass
Benjamin Graham
38No pass
Philip Fisher
30No pass
Peter Lynch
28No pass
Joel Greenblatt
40No pass
Charlie Munger
32No pass
Terry Smith
19No pass
Questions about The Macerich
Is The Macerich a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the The Macerich AI analysis
What does The Macerich do?
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. It is in REIT - Retail, based in Santa Monica, CA, United States, with 596 employees.
Does The Macerich pay a dividend?
Yes. At today's price the dividend is 3.1% a year. In 2025 it paid out $188 million in dividends.
Is The Macerich stock halal?
No. The Macerich does not pass our halal screen: its debt is 68% of its market value, at or above the 33% limit. How we check
How has The Macerich stock done over the past year?
Up 41.5% over the past twelve months, to $25.38. It traded between $16.20 and $26.51 and is 4.3% below its high.
Who are The Macerich's competitors?
The largest listed companies in the same industry are Simon Property Group, Realty Income, Kimco Realty and Unibail-Rodamco-Westfield. The peers table on this page compares their profit, growth and price with The Macerich's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.