Macerich Company (The)

Valuation Analysis

About the Company

The Macerich Company is a fully integrated, self-managed, self-administered real estate investment trust (REIT). As a leading owner, operator, and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 39 million square feet of real estate, consisting primarily of interests in 38 retail centers. Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. The Macerich Company was incorporated in 1964 and is based in Santa Monica, United States.

Macerich Company (The) Stock at a Glance

Macerich Company (The) (MAC) is currently trading at $25.45 with a market capitalization of $7.5B. The 52-week range spans from $15.48 to $25.59; the current price is 0.5% below the yearly high. Year-over-year revenue growth stands at -6.7%.

💰 Dividend

Macerich Company (The) pays an annual dividend of $0.68 per share, representing a yield of 2.67%. The payout ratio stands at 188.89%. The elevated payout ratio reflects a mature dividend policy.

📊 Analyst Rating

16 analysts rate Macerich Company (The) (MAC) on consensus: Buy. The average price target is $23.50, implying -7.66% from the current price. Analyst price targets range from $19.00 to $28.00.

Macerich Company (The): The Investment Case in Detail

Macerich Company (The) (MAC) operates in the Real Estate — specifically REIT - Retail — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bear Case

Revenue is contracting at -6.7% year-over-year — until that trend reverses, valuation is exposed to further downgrades. Net margins remain negative, meaning every euro of revenue is still producing losses — the path to profitability is the central question for shareholders. With a beta near 2.09, the share price moves sharply more than the broader market — drawdowns in market corrections can be unusually severe and require strong nerves.

Valuation in Context

At a PEG of 4.8, investors are paying more than three times the growth rate for each unit of earnings — that pricing assumes growth not only continues but accelerates from here.

What to Watch Next

• The share is trading at 98.6% of its 52-week range — a break above the recent high opens technical upside, a failure here often invites profit-taking.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).

Risk Profile

The data points to above-average price swings, elevated short interest (6.08%), higher leverage relative to equity.

Trading Data

💵 Dividend Info

Related Stocks in the Same Sector

Where can I buy Macerich Company (The)?

Compare top-rated brokers — low fees, trusted providers, fully regulated.