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Macerich (MAC) Financials

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$14.26 +0.01 (+0.07%)
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Annual Income Statements for Macerich

Annual Income Statements for Macerich

This table shows Macerich's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 488 517 146 60 97 -230 14 -66 -274 -194
Consolidated Net Income / (Loss)		 523 555 162 69 103 -245 16 -65 -278 -198
Net Income / (Loss) Continuing Operations		 523 555 162 69 103 -245 58 -21 -233 -154
Total Pre-Tax Income 		108 97 63 25 68 13 -27 -22 58 3.48
Total Revenue		 1,076 878 822 777 789 710 889 687 757 742
Net Interest Income / (Expense)		 -212 -164 -172 -183 -138 -76 0.00 -217 -173 -220
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 212 164 172 183 138 76 0.00 217 173 220
Total Non-Interest Income		 1,288 1,041 994 960 927 786 889 904 930 962
Other Non-Interest Income		 1,200 637 922 884 927 740 889 904 930 962
Total Non-Interest Expense		 990 781 759 752 722 698 916 709 698 739
Other Operating Expenses		 435 434 424 425 391 378 604 418 424 458
Depreciation Expense		 464 348 335 327 331 320 311 292 282 295
Other Special Charges		 -1.49 -1.71 0.00 0.00 0.35 0.00 1.01 0.00 -8.21 -14
Income Tax Expense		 -3.22 0.72 16 -3.60 1.59 -0.45 6.95 0.71 -0.49 -1.30
Other Gains / (Losses), net		 412 459 114 40 37 -258 91 2.44 -291 -158
Net Income / (Loss) Attributable to Noncontrolling Interest		 35 38 16 8.95 5.73 -15 1.90 0.99 -4.03 -3.55
Basic Earnings per Share		 $3.08 $3.52 $1.02 $0.42 $0.68 ($1.58) $0.07 ($0.31) ($1.28) ($0.88)
Weighted Average Basic Shares Outstanding		 157.92M 146.60M 141.88M 141.14M 141.34M 146.23M 198.07M 215.03M 215.55M 221.85M
Diluted Earnings per Share		 $3.08 $3.52 $1.02 $0.42 $0.68 ($1.58) $0.07 ($0.31) ($1.28) ($0.88)
Weighted Average Diluted Shares Outstanding		 158.06M 146.71M 141.91M 141.14M 141.34M 146.23M 198.07M 215.03M 215.55M 221.85M
Weighted Average Basic & Diluted Shares Outstanding		 158.30M 146.90M 143.30M 141.16M 141.30M 154.77M 214.52M 215.03M 215.72M 252.50M
Cash Dividends to Common per Share		 $4.63 $2.75 $2.87 $2.97 $3.00 $1.55 $0.60 $0.62 $0.68 $0.68

Quarterly Income Statements for Macerich

This table shows Macerich's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders		 -15 1.69 -59 -15 -263 62 -127 252 -108 -211
Consolidated Net Income / (Loss)		 -14 3.46 -58 -14 -272 66 -131 265 -112 -220
Net Income / (Loss) Continuing Operations		 -2.13 25 -48 -3.27 -261 79 -120 276 -101 -209
Total Pre-Tax Income 		-10 13 8.43 -6.22 -2.36 58 -12 8.07 -8.84 16
Total Revenue		 169 191 186 169 176 226 168 186 174 214
Net Interest Income / (Expense)		 -53 -59 -39 -55 -53 -25 -52 -40 -57 -71
Total Interest Expense		 53 59 39 55 53 25 52 40 57 71
Total Non-Interest Income		 222 250 225 224 229 251 220 226 231 285
Other Non-Interest Income		 222 263 225 193 197 314 220 198 203 341
Total Non-Interest Expense		 179 178 177 175 178 167 180 178 183 198
Other Operating Expenses		 107 104 106 105 108 106 112 106 110 131
Depreciation Expense		 73 74 71 70 71 70 68 72 73 81
Income Tax Expense		 -0.17 -0.26 -1.88 0.37 1.67 -0.66 -1.22 0.26 0.55 -0.88
Other Gains / (Losses), net		 7.73 12 -58 3.32 -257 20 -109 268 -92 -226
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.69 1.77 0.54 0.56 -9.42 4.29 -4.72 13 -3.91 -8.41
Basic Earnings per Share		 ($0.07) - ($0.27) ($0.07) ($1.22) $0.28 ($0.59) $1.16 ($0.50) ($0.95)
Weighted Average Basic Shares Outstanding		 215.13M 215.03M 215.29M 215.46M 215.63M 215.55M 216.04M 216.18M 218.42M 221.85M
Diluted Earnings per Share		 ($0.07) - ($0.27) ($0.07) ($1.22) $0.28 ($0.59) $1.16 ($0.50) ($0.95)
Weighted Average Diluted Shares Outstanding		 215.13M 215.03M 215.29M 215.46M 215.63M 215.55M 216.04M 216.18M 218.42M 221.85M
Weighted Average Basic & Diluted Shares Outstanding		 214.78M 215.03M 215.10M 215.26M 215.45M 215.72M 215.75M 215.99M 225.53M 252.50M

Annual Cash Flow Statements for Macerich

This table details how cash moves in and out of Macerich's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents		 1.60 16 -0.89 6.20 -35 368 -316 14 9.16 -13
Net Cash From Operating Activities		 555 430 386 344 355 125 286 338 296 283
Net Cash From Continuing Operating Activities		 555 430 386 344 355 125 286 338 296 283
Net Income / (Loss) Continuing Operations		 523 555 162 69 103 -245 16 -65 -278 -198
Consolidated Net Income / (Loss)		 523 555 162 69 103 -245 16 -65 -278 -198
Provision For Loan Losses		 4.70 3.59 4.31 4.66 7.68 44 -6.39 -0.66 -2.70 6.15
Depreciation Expense		 471 355 341 335 338 326 324 302 296 306
Amortization Expense		 -37 -17 -13 -15 -15 -24 -7.69 -1.27 0.52 10
Non-Cash Adjustments to Reconcile Net Income		 -413 -425 -68 -29 -98 132 -85 42 261 141
Changes in Operating Assets and Liabilities, net		 5.46 -43 -41 -20 21 -108 44 60 18 18
Net Cash From Investing Activities		 -101 454 179 176 -112 -203 235 -1.40 53 20
Net Cash From Continuing Investing Activities		 -101 454 179 176 -112 -203 235 -1.40 53 20
Purchase of Property, Leasehold Improvements and Equipment		 - - -160 -181 -167 -45 -78 -42 -78 -109
Purchase of Investment Securities		 -778 -690 -159 -237 -274 -156 -117 -159 -202 -278
Divestitures		 - - - 0.00 0.00 5.81 - 0.00 0.00 49
Sale and/or Maturity of Investments		 649 728 262 87 74 17 339 71 39 282
Other Investing Activities, net		 41 416 236 508 254 -25 91 128 294 76
Net Cash From Financing Activities		 -452 -868 -566 -514 -278 446 -837 -322 -339 -316
Net Cash From Continuing Financing Activities		 -452 -868 -566 -514 -278 446 -837 -322 -339 -316
Issuance of Debt		 4,081 3,201 1,430 415 1,796 664 520 277 719 1,225
Issuance of Common Equity		 - - - - 0.00 0.00 830 0.00 0.00 657
Repayment of Debt		 -3,299 -2,452 -1,220 -470 -1,569 -36 -2,022 -408 -871 -2,030
Payment of Dividends		 -811 -797 -548 -454 -502 -180 -143 -186 -159 -161
Other Financing Activities, Net		 -12 -19 -7.52 0.55 -3.18 -2.29 -22 -4.61 -28 -6.94
Cash Interest Paid		 231 154 168 192 210 199 204 180 192 186

Quarterly Cash Flow Statements for Macerich

This table details how cash moves in and out of Macerich's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents		 6.53 16 25 -21 23 -18 35 -43 48 -52
Net Cash From Operating Activities		 170 53 81 58 107 49 61 67 100 55
Net Cash From Continuing Operating Activities		 170 53 81 58 107 49 61 67 100 55
Net Income / (Loss) Continuing Operations		 -14 3.46 -58 -14 -272 66 -131 265 -112 -220
Consolidated Net Income / (Loss)		 -14 3.46 -58 -14 -272 66 -131 265 -112 -220
Provision For Loan Losses		 -0.71 0.93 -1.02 -0.62 -0.23 -0.83 2.92 1.51 0.14 1.58
Depreciation Expense		 75 76 75 74 74 73 71 74 76 84
Amortization Expense		 -0.84 -2.09 0.82 -1.20 0.42 0.47 3.58 0.88 2.38 3.17
Non-Cash Adjustments to Reconcile Net Income		 1.91 1.93 49 6.39 261 -56 114 -282 96 214
Changes in Operating Assets and Liabilities, net		 107 -28 15 -6.47 43 -33 0.85 7.31 38 -28
Net Cash From Investing Activities		 -4.47 -48 118 -59 -27 20 -27 -56 66 37
Net Cash From Continuing Investing Activities		 -4.47 -48 118 -59 -27 20 -27 -56 66 37
Purchase of Property, Leasehold Improvements and Equipment		 -6.96 -14 -20 -13 -19 -26 -26 -24 -28 -31
Purchase of Investment Securities		 -51 -59 -28 -91 -32 -51 -20 -75 -26 -157
Divestitures		 - - - - - - - - - 42
Sale and/or Maturity of Investments		 -3.23 23 5.02 23 6.46 4.32 0.01 13 109 160
Other Investing Activities, net		 56 1.91 161 22 18 94 19 22 11 24
Net Cash From Financing Activities		 -159 12 -174 -20 -57 -87 0.67 -54 -118 -145
Net Cash From Continuing Financing Activities		 -159 12 -174 -20 -57 -87 0.67 -54 -118 -145
Issuance of Debt		 105 147 420 80 184 35 270 20 110 825
Repayment of Debt		 -193 -93 -539 -57 -191 -84 -226 -33 -336 -1,435
Payment of Dividends		 -70 -40 -42 -39 -39 -39 -39 -41 -40 -41
Other Financing Activities, Net		 -0.87 -2.33 -13 -3.47 -11 0.49 -4.27 -0.14 -0.76 -1.77
Cash Interest Paid		 45 45 48 46 45 51 49 43 44 51

Annual Balance Sheets for Macerich

This table presents Macerich's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets		 11,236 9,958 9,606 9,027 8,854 9,184 8,346 8,094 7,514 8,567
Cash and Due from Banks		 87 94 91 103 100 465 112 100 95 90
Restricted Cash		 41 50 52 47 14 17 55 81 95 88
Trading Account Securities		 1,533 1,774 1,710 1,493 1,520 1,341 1,318 1,224 853 655
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Customer and Other Receivables		 84 68 82 85 6.16 1.61 0.00 3.30 4.76 1.84
Premises and Equipment, Net		 8,797 7,357 7,109 6,786 6,644 6,695 6,284 6,128 5,900 7,097
Deferred Acquisition Cost		 564 478 449 390 278 307 255 247 263 370
Other Assets		 130 137 113 123 292 358 322 310 302 266
Total Liabilities & Shareholders' Equity		 11,236 9,958 9,606 9,027 8,854 9,184 8,346 8,094 7,514 8,567
Total Liabilities		 6,164 5,531 5,638 5,838 6,023 6,739 5,170 5,145 4,986 5,725
Other Short-Term Payables		 412 61 58 59 51 69 59 - 64 88
Long-Term Debt		 5,261 4,966 5,170 5,361 5,484 6,173 4,647 4,547 4,328 4,993
Other Long-Term Liabilities		 491 504 409 418 488 497 463 598 594 644
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 5,071 4,427 3,968 3,188 2,831 2,445 3,176 2,949 2,528 2,842
Total Preferred & Common Equity		 4,715 4,106 3,682 2,950 2,632 2,257 3,047 2,866 2,447 2,756
Total Common Equity		 4,715 4,106 3,682 2,950 2,632 2,257 3,047 2,866 2,447 2,756
Common Stock		 4,928 4,595 4,512 4,569 4,585 4,605 5,491 5,508 5,512 6,163
Retained Earnings		 -213 -489 -830 -1,614 -1,944 -2,340 -2,444 -2,643 -3,064 -3,407
Accumulated Other Comprehensive Income / (Loss)		 - 0.00 -0.04 -4.47 -9.05 -8.21 -0.02 0.63 -0.95 -0.03
Noncontrolling Interest		 356 321 286 238 199 188 129 84 81 86

Quarterly Balance Sheets for Macerich

This table presents Macerich's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets		 8,069 7,918 7,895 7,588 7,363 7,778 7,590
Cash and Due from Banks		 110 112 92 112 120 71 116
Restricted Cash		 55 94 92 96 105 111 114
Trading Account Securities		 1,204 1,089 1,034 919 786 916 775
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Customer and Other Receivables		 9.17 7.89 - - 5.34 3.30 3.21
Premises and Equipment, Net		 6,165 6,092 6,140 5,950 5,839 6,139 6,060
Deferred Acquisition Cost		 226 238 245 232 250 284 279
Other Assets		 299 285 284 273 259 254 242
Total Liabilities & Shareholders' Equity		 8,069 7,918 7,895 7,588 7,363 7,778 7,590
Total Liabilities		 5,091 5,062 5,086 5,090 5,002 5,189 5,001
Other Short-Term Payables		 66 60 57 74 61 68 79
Long-Term Debt		 4,485 4,407 4,434 4,423 4,375 4,545 4,342
Other Long-Term Liabilities		 540 596 594 593 567 577 580
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,978 2,855 2,809 2,498 2,361 2,589 2,589
Total Preferred & Common Equity		 2,899 2,776 2,731 2,432 2,287 2,505 2,512
Total Common Equity		 2,899 2,776 2,731 2,432 2,287 2,505 2,512
Common Stock		 5,507 5,514 5,520 5,521 5,515 5,517 5,669
Retained Earnings		 -2,608 -2,739 -2,790 -3,089 -3,227 -3,012 -3,157
Accumulated Other Comprehensive Income / (Loss)		 0.01 0.75 1.10 0.56 -0.34 -0.03 -0.18
Noncontrolling Interest		 79 80 78 66 73 83 77

Annual Metrics and Ratios for Macerich

This table displays calculated financial ratios and metrics derived from Macerich's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 17.68% -18.45% -6.35% -5.41% 1.52% -9.98% 25.15% -22.76% 10.18% -1.90%
EBITDA Growth		 22.56% -16.41% -10.07% -11.72% 12.97% -19.51% -7.65% -3.88% 27.41% -10.11%
EBIT Growth		 56.49% 12.40% -34.92% -59.59% 165.71% -81.44% -312.27% 15.95% 360.84% -94.03%
NOPAT Growth		 60.69% 8.33% -50.68% -38.65% 127.24% -80.31% -243.47% 15.95% 475.79% -91.87%
Net Income Growth		 -67.46% 6.11% -70.86% -57.34% 48.69% -339.35% 106.58% -502.64% -327.33% 28.92%
EPS Growth		 -70.53% 14.29% -71.02% -58.82% 61.90% -332.35% 104.43% -542.86% -312.90% 31.25%
Operating Cash Flow Growth		 38.49% -22.60% -10.04% -10.89% 3.15% -64.85% 129.39% 17.86% -12.45% -4.08%
Free Cash Flow Firm Growth		 152.54% -50.46% -70.81% 104.53% -51.37% -196.56% 367.39% -59.84% 124.46% -239.37%
Invested Capital Growth		 -16.22% -9.09% -2.71% -6.44% -2.74% 3.65% -9.22% -4.18% -8.54% 14.29%
Revenue Q/Q Growth		 -0.02% -4.64% -2.08% -1.45% -0.82% -1.32% 36.11% -25.06% -19.35% -19.97%
EBITDA Q/Q Growth		 4.68% -5.88% -5.22% 2.29% -3.20% -8.12% 21.97% -10.60% 14.38% -8.12%
EBIT Q/Q Growth		 41.87% -9.92% -15.05% -2.08% -13.68% -21.98% 50.59% -9,120.97% 364.32% -92.41%
NOPAT Q/Q Growth		 -94.04% -24.94% -37.95% 142.13% -15.82% -23.02% 50.59% -975.37% 364.67% -89.82%
Net Income Q/Q Growth		 -67.51% -42.10% -1.37% -26.87% 19.16% -2,156.29% 109.87% 30.43% 18.47% -323.55%
EPS Q/Q Growth		 -70.41% -39.21% -11.30% -25.00% 17.24% -1,655.56% 105.56% -10.71% 17.95% -351.43%
Operating Cash Flow Q/Q Growth		 7.25% -9.07% 0.00% 3.18% -3.78% -15.83% 5.54% -6.18% -1.05% 1.97%
Free Cash Flow Firm Q/Q Growth		 177.81% -69.42% -19.07% 11.50% 259.10% -290.23% 5.45% -29.54% 26.09% -2,758.15%
Invested Capital Q/Q Growth		 -18.26% 0.09% 0.56% 0.05% -5.65% -0.68% -1.01% 0.45% -0.94% 13.04%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 48.37% 49.58% 47.62% 44.44% 49.45% 44.21% 32.63% 40.60% 46.95% 43.02%
EBIT Margin		 7.99% 11.01% 7.65% 3.27% 8.56% 1.76% -2.99% -3.26% 7.71% 0.47%
Profit (Net Income) Margin		 48.59% 63.22% 19.67% 8.87% 12.99% -34.55% 1.82% -9.48% -36.75% -26.63%
Tax Burden Percent		 483.81% 574.05% 257.02% 271.33% 151.83% -1,957.59% -60.73% 290.89% -476.56% -5,676.77%
Interest Burden Percent		 125.69% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 -2.98% 0.75% 24.79% -14.18% 2.35% -3.56% 0.00% 0.00% -0.85% -37.33%
Return on Invested Capital (ROIC)		 0.78% 0.97% 0.51% 0.33% 0.78% 0.15% -0.23% -0.20% 0.82% 0.07%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.30% 9.95% 2.77% 1.09% 1.46% -4.28% 0.42% -1.28% -6.77% -4.28%
Return on Net Nonoperating Assets (RNNOA)		 8.63% 10.71% 3.34% 1.60% 2.63% -9.46% 0.80% -1.92% -10.98% -7.43%
Return on Equity (ROE)		 9.41% 11.68% 3.85% 1.93% 3.41% -9.30% 0.58% -2.12% -10.16% -7.36%
Cash Return on Invested Capital (CROIC)		 18.43% 10.49% 3.26% 6.99% 3.56% -3.43% 9.44% 4.07% 9.75% -13.27%
Operating Return on Assets (OROA)		 0.71% 0.91% 0.64% 0.27% 0.76% 0.14% -0.30% -0.27% 0.75% 0.04%
Return on Assets (ROA)		 4.29% 5.24% 1.65% 0.74% 1.15% -2.72% 0.18% -0.79% -3.56% -2.46%
Return on Common Equity (ROCE)		 8.77% 10.85% 3.57% 1.79% 3.16% -8.62% 0.54% -2.05% -9.85% -7.13%
Return on Equity Simple (ROE_SIMPLE)		 11.09% 13.51% 4.39% 2.34% 3.90% -10.88% 0.53% -2.27% -11.36% -7.17%
Net Operating Profit after Tax (NOPAT)		 89 96 47 29 66 13 -19 -16 59 4.78
NOPAT Margin		 8.23% 10.93% 5.76% 3.73% 8.36% 1.83% -2.10% -2.28% 7.78% 0.64%
Net Nonoperating Expense Percent (NNEP)		 -7.52% -8.97% -2.26% -0.76% -0.68% 4.43% -0.64% 1.08% 7.59% 4.34%
SG&A Expenses to Revenue		 8.58% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 92.01% 88.99% 92.35% 96.73% 91.44% 98.24% 102.99% 103.26% 92.29% 99.53%
Earnings before Interest and Taxes (EBIT)		 86 97 63 25 68 13 -27 -22 58 3.48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 521 435 391 345 390 314 290 279 355 319
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.65 1.57 1.67 1.45 1.10 0.59 1.05 0.76 1.30 1.63
Price to Tangible Book Value (P/TBV)		 1.65 1.57 1.67 1.45 1.10 0.59 1.05 0.76 1.30 1.63
Price to Revenue (P/Rev)		 7.25 7.34 7.50 5.49 3.67 1.87 3.59 3.18 4.22 6.05
Price to Earnings (P/E)		 16.00 12.47 42.18 71.13 29.95 0.00 223.81 0.00 0.00 0.00
Dividend Yield		 8.02% 6.13% 6.58% 9.81% 14.61% 12.93% 4.00% 6.10% 4.59% 3.41%
Earnings Yield		 6.25% 8.02% 2.37% 1.41% 3.34% 0.00% 0.45% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.29 1.23 1.26 1.14 1.02 0.84 1.00 0.88 1.08 1.20
Enterprise Value to Revenue (EV/Rev)		 12.35 13.21 13.96 12.50 10.73 10.14 8.77 9.66 9.79 12.66
Enterprise Value to EBITDA (EV/EBITDA)		 25.52 26.63 29.33 28.13 21.70 22.95 26.89 23.79 20.86 29.41
Enterprise Value to EBIT (EV/EBIT)		 154.52 119.90 182.46 382.33 125.37 574.82 0.00 0.00 126.98 2,697.82
Enterprise Value to NOPAT (EV/NOPAT)		 150.04 120.80 242.60 334.85 128.39 555.03 0.00 0.00 125.91 1,964.41
Enterprise Value to Operating Cash Flow (EV/OCF)		 23.94 26.98 29.70 28.23 23.84 57.74 27.24 19.65 25.08 33.14
Enterprise Value to Free Cash Flow (EV/FCFF)		 6.36 11.20 37.99 15.73 28.18 0.00 10.06 21.29 10.60 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.04 1.12 1.30 1.68 1.94 2.52 1.46 1.54 1.71 1.76
Long-Term Debt to Equity		 1.04 1.12 1.30 1.68 1.94 2.52 1.46 1.54 1.71 1.76
Financial Leverage		 1.04 1.08 1.21 1.47 1.80 2.21 1.92 1.50 1.62 1.74
Leverage Ratio		 2.19 2.23 2.33 2.60 2.97 3.42 3.12 2.68 2.85 2.99
Compound Leverage Factor		 2.76 2.23 2.33 2.60 2.97 3.42 3.12 2.68 2.85 2.99
Debt to Total Capital		 50.92% 52.87% 56.58% 62.71% 65.95% 71.63% 59.40% 60.66% 63.13% 63.72%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 50.92% 52.87% 56.58% 62.71% 65.95% 71.63% 59.40% 60.66% 63.13% 63.72%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 3.44% 3.42% 3.13% 2.79% 2.39% 2.18% 1.65% 1.11% 1.18% 1.10%
Common Equity to Total Capital		 45.64% 43.71% 40.29% 34.51% 31.66% 26.19% 38.95% 38.23% 35.69% 35.18%
Debt to EBITDA		 10.11 11.41 13.21 15.52 14.05 19.65 16.02 16.31 12.18 15.63
Net Debt to EBITDA		 9.86 11.08 12.85 15.09 13.76 18.11 15.44 15.66 11.65 15.08
Long-Term Debt to EBITDA		 10.11 11.41 13.21 15.52 14.05 19.65 16.02 16.31 12.18 15.63
Debt to NOPAT		 59.41 51.76 109.28 184.71 83.15 475.34 -249.44 -290.35 73.55 1,044.09
Net Debt to NOPAT		 57.96 50.26 106.26 179.56 81.41 438.17 -240.48 -278.78 70.31 1,006.98
Long-Term Debt to NOPAT		 59.41 51.76 109.28 184.71 83.15 475.34 -249.44 -290.35 73.55 1,044.09
Noncontrolling Interest Sharing Ratio		 6.80% 7.13% 7.24% 7.33% 7.26% 7.33% 5.65% 3.48% 3.00% 3.10%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 2,089 1,035 302 618 300 -290 776 312 699 -975
Operating Cash Flow to CapEx		 0.00% 0.00% 240.98% 190.13% 212.94% 276.43% 368.62% 800.68% 379.14% 259.29%
Free Cash Flow to Firm to Interest Expense		 9.86 6.32 1.76 3.38 2.17 -3.84 0.00 1.44 4.04 -4.43
Operating Cash Flow to Interest Expense		 2.62 2.62 2.25 1.88 2.57 1.65 0.00 1.56 1.71 1.29
Operating Cash Flow Less CapEx to Interest Expense		 2.62 2.62 1.32 0.89 1.36 1.05 0.00 1.36 1.26 0.79
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.09 0.08 0.08 0.08 0.09 0.08 0.10 0.08 0.10 0.09
Fixed Asset Turnover		 0.11 0.11 0.11 0.11 0.12 0.11 0.14 0.11 0.13 0.11
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 10,332 9,393 9,138 8,549 8,315 8,618 7,824 7,496 6,856 7,835
Invested Capital Turnover		 0.10 0.09 0.09 0.09 0.09 0.08 0.11 0.09 0.11 0.10
Increase / (Decrease) in Invested Capital		 -2,000 -939 -255 -589 -235 303 -794 -327 -640 979
Enterprise Value (EV)		 13,287 11,589 11,477 9,719 8,468 7,208 7,802 6,633 7,410 9,394
Market Capitalization		 7,799 6,446 6,164 4,269 2,900 1,329 3,192 2,184 3,191 4,493
Book Value per Share		 $29.78 $28.57 $25.95 $20.92 $18.63 $15.10 $14.30 $13.34 $11.36 $12.22
Tangible Book Value per Share		 $29.78 $28.57 $25.95 $20.92 $18.63 $15.10 $14.30 $13.34 $11.36 $12.22
Total Capital		 10,332 9,393 9,138 8,549 8,315 8,618 7,824 7,496 6,856 7,835
Total Debt		 5,261 4,966 5,170 5,361 5,484 6,173 4,647 4,547 4,328 4,993
Total Long-Term Debt		 5,261 4,966 5,170 5,361 5,484 6,173 4,647 4,547 4,328 4,993
Net Debt		 5,133 4,822 5,027 5,212 5,370 5,690 4,480 4,366 4,138 4,815
Capital Expenditures (CapEx)		 0.00 0.00 160 181 167 45 78 42 78 109
Net Nonoperating Expense (NNE)		 -434 -459 -114 -40 -37 258 -35 49 337 202
Net Nonoperating Obligations (NNO)		 5,261 4,966 5,170 5,361 5,484 6,173 4,647 4,547 4,328 4,993
Total Depreciation and Amortization (D&A)		 435 338 328 320 323 302 317 301 297 316
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.08 $3.52 $1.02 $0.42 $0.68 ($1.58) $0.07 ($0.31) ($1.28) ($0.88)
Adjusted Weighted Average Basic Shares Outstanding		 157.92M 146.60M 141.88M 141.14M 141.34M 146.23M 198.07M 215.03M 215.55M 221.85M
Adjusted Diluted Earnings per Share		 $3.08 $3.52 $1.02 $0.42 $0.68 ($1.58) $0.07 ($0.31) ($1.28) ($0.88)
Adjusted Weighted Average Diluted Shares Outstanding		 158.06M 146.71M 141.91M 141.14M 141.34M 146.23M 198.07M 215.03M 215.55M 221.85M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 149.15M 143.90M 140.85M 141.16M 141.30M 154.77M 214.52M 215.03M 215.72M 252.50M
Normalized Net Operating Profit after Tax (NOPAT)		 59 94 47 18 66 8.78 -18 -16 35 -7.64
Normalized NOPAT Margin		 5.50% 10.74% 5.76% 2.29% 8.40% 1.24% -2.02% -2.28% 4.64% -1.03%
Pre Tax Income Margin		 10.04% 11.01% 7.65% 3.27% 8.56% 1.76% -2.99% -3.26% 7.71% 0.47%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.41 0.59 0.37 0.14 0.49 0.17 0.00 -0.10 0.34 0.02
NOPAT to Interest Expense		 0.42 0.59 0.28 0.16 0.48 0.17 0.00 -0.07 0.34 0.02
EBIT Less CapEx to Interest Expense		 0.41 0.59 -0.57 -0.85 -0.72 -0.43 0.00 -0.30 -0.11 -0.48
NOPAT Less CapEx to Interest Expense		 0.42 0.59 -0.66 -0.83 -0.73 -0.43 0.00 -0.27 -0.11 -0.48
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 155.02% 143.73% 338.70% 657.71% 489.97% -73.27% 887.50% -286.31% -57.28% -81.60%
Augmented Payout Ratio		 231.54% 287.92% 475.66% 657.71% 489.97% -73.27% 887.50% -286.31% -57.28% -81.60%

Quarterly Metrics and Ratios for Macerich

This table displays calculated financial ratios and metrics derived from Macerich's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -1.37% -54.63% 13.16% 3.96% 3.84% 18.52% -9.60% 10.32% -0.94% -5.44%
EBITDA Growth		 -17.26% -27.55% 30.99% 6.15% 12.33% 51.37% -25.12% 24.62% -4.14% -21.43%
EBIT Growth		 -263.04% -64.03% 165.32% 48.82% 76.50% 360.37% -240.40% 229.72% -275.16% -72.49%
NOPAT Growth		 -263.04% -65.73% 214.14% 48.82% 76.50% 356.26% -180.35% 279.39% -275.16% -71.31%
Net Income Growth		 -111.95% 113.85% -55.79% 18.55% -1,914.26% 1,818.76% -125.88% 1,942.98% 58.78% -430.42%
EPS Growth		 -114.00% 0.00% -58.82% 0.00% -1,642.86% 0.00% -118.52% 1,757.14% 59.02% -439.29%
Operating Cash Flow Growth		 71.96% -29.72% 23.36% 16.03% -36.66% -5.98% -24.32% 16.28% -6.84% 11.12%
Free Cash Flow Firm Growth		 -43.83% -59.13% -68.50% -27.38% 24.68% 105.66% 14.94% -68.47% -103.05% -237.57%
Invested Capital Growth		 -5.57% -4.18% -5.72% -4.96% -7.26% -8.54% -7.25% -1.52% 0.15% 14.29%
Revenue Q/Q Growth		 4.36% 12.51% -54.38% -9.20% 4.24% 28.42% -57.87% 10.81% -6.40% 22.59%
EBITDA Q/Q Growth		 2.38% 34.79% -3.07% -20.65% 8.34% 81.63% -52.05% 32.06% -16.66% 48.87%
EBIT Q/Q Growth		 17.51% 226.81% -33.62% -173.71% 62.12% 2,583.82% -120.24% 168.11% -209.55% 282.15%
NOPAT Q/Q Growth		 17.51% 284.83% -20.43% -142.19% 62.12% 3,688.05% -114.01% 194.19% -179.22% 374.43%
Net Income Q/Q Growth		 23.66% 125.66% -1,779.97% 75.24% -1,787.86% 124.44% -297.76% 301.98% -142.22% -95.92%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 74.07% -1,642.86% 122.95% -310.71% 296.61% -143.10% -90.00%
Operating Cash Flow Q/Q Growth		 239.28% -69.03% 53.71% -28.17% 85.20% -54.02% 23.72% 10.37% 48.37% -45.15%
Free Cash Flow Firm Q/Q Growth		 -15.75% -21.50% 32.63% -17.21% 44.65% 29.48% -25.88% -77.29% -113.99% -5,742.01%
Invested Capital Q/Q Growth		 -2.08% 0.45% -3.12% -0.26% -4.45% -0.94% -1.76% 5.91% -2.83% 13.04%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 38.07% 45.61% 45.34% 39.62% 41.18% 58.25% 37.56% 44.76% 39.85% 48.40%
EBIT Margin		 -5.91% 6.66% 4.54% -3.68% -1.34% 25.89% -7.05% 4.33% -5.07% 7.53%
Profit (Net Income) Margin		 -7.97% 1.82% -31.30% -8.53% -154.56% 29.41% -78.21% 142.57% -64.31% -102.78%
Tax Burden Percent		 134.75% 27.26% -689.99% 231.72% 11,548.41% 113.63% 1,110.09% 3,291.99% 1,268.79% -1,364.69%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% -2.03% -22.31% 0.00% 0.00% -1.12% 0.00% 3.20% 0.00% -5.46%
Return on Invested Capital (ROIC)		 -0.49% 0.61% 0.69% -0.32% -0.12% 2.76% -0.64% 0.54% -0.48% 0.80%
ROIC Less NNEP Spread (ROIC-NNEP)		 -0.64% 0.40% -0.84% -0.55% -6.19% 2.92% -3.45% 6.28% -2.89% -4.27%
Return on Net Nonoperating Assets (RNNOA)		 -0.94% 0.60% -1.26% -0.84% -10.07% 4.74% -5.80% 10.45% -4.98% -7.42%
Return on Equity (ROE)		 -1.43% 1.21% -0.58% -1.16% -10.19% 7.50% -6.45% 10.99% -5.46% -6.62%
Cash Return on Invested Capital (CROIC)		 5.76% 4.07% 5.88% 5.18% 7.71% 9.75% 8.07% 2.26% 0.53% -13.27%
Operating Return on Assets (OROA)		 -0.66% 0.56% 0.52% -0.43% -0.16% 2.51% -0.84% 0.51% -0.62% 0.70%
Return on Assets (ROA)		 -0.89% 0.15% -3.59% -0.99% -18.52% 2.85% -9.33% 16.90% -7.86% -9.49%
Return on Common Equity (ROCE)		 -1.37% 1.17% -0.56% -1.12% -9.92% 7.27% -6.26% 10.66% -5.30% -6.41%
Return on Equity Simple (ROE_SIMPLE)		 -3.23% 0.00% -3.10% -3.03% -14.02% 0.00% -15.36% -2.85% 3.52% 0.00%
Net Operating Profit after Tax (NOPAT)		 -7.01 13 10 -4.35 -1.65 59 -8.29 7.81 -6.18 17
NOPAT Margin		 -4.14% 6.80% 5.55% -2.58% -0.94% 26.18% -4.93% 4.19% -3.55% 7.94%
Net Nonoperating Expense Percent (NNEP)		 0.14% 0.21% 1.52% 0.22% 6.07% -0.16% 2.81% -5.74% 2.42% 5.08%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 105.91% 93.34% 95.46% 103.68% 101.34% 74.11% 107.05% 95.67% 105.07% 92.47%
Earnings before Interest and Taxes (EBIT)		 -10 13 8.43 -6.22 -2.36 58 -12 8.07 -8.84 16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 65 87 84 67 72 132 63 83 69 103
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.53 0.76 0.76 0.83 0.91 1.30 1.59 1.31 1.56 1.63
Price to Tangible Book Value (P/TBV)		 0.53 0.76 0.76 0.83 0.91 1.30 1.59 1.31 1.56 1.63
Price to Revenue (P/Rev)		 1.67 3.18 2.27 2.44 2.36 4.22 3.98 3.54 4.21 6.05
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 49.28 0.00
Dividend Yield		 8.42% 6.10% 6.55% 6.24% 6.60% 4.59% 4.04% 4.46% 3.76% 3.41%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.03% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.79 0.88 0.88 0.91 0.94 1.08 1.17 1.09 1.17 1.20
Enterprise Value to Revenue (EV/Rev)		 6.47 9.66 6.90 7.09 6.93 9.79 8.61 8.33 8.73 12.66
Enterprise Value to EBITDA (EV/EBITDA)		 19.01 23.79 21.36 21.82 20.92 20.86 23.51 22.08 23.29 29.41
Enterprise Value to EBIT (EV/EBIT)		 23,911.72 0.00 0.00 1,346.83 517.08 126.98 206.24 147.80 176.45 2,697.82
Enterprise Value to NOPAT (EV/NOPAT)		 3,314.76 0.00 0.00 965.71 513.12 125.91 207.13 147.95 172.41 1,964.41
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.49 19.65 18.09 18.30 21.76 25.08 28.47 27.13 29.13 33.14
Enterprise Value to Free Cash Flow (EV/FCFF)		 13.41 21.29 14.50 17.16 11.72 10.60 13.91 47.69 220.79 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.51 1.54 1.54 1.58 1.77 1.71 1.85 1.76 1.68 1.76
Long-Term Debt to Equity		 1.51 1.54 1.54 1.58 1.77 1.71 1.85 1.76 1.68 1.76
Financial Leverage		 1.47 1.50 1.51 1.53 1.63 1.62 1.68 1.66 1.72 1.74
Leverage Ratio		 2.65 2.68 2.71 2.73 2.86 2.85 2.93 2.90 2.98 2.99
Compound Leverage Factor		 2.65 2.68 2.71 2.73 2.86 2.85 2.93 2.90 2.98 2.99
Debt to Total Capital		 60.09% 60.66% 60.68% 61.22% 63.90% 63.13% 64.95% 63.71% 62.65% 63.72%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 60.09% 60.66% 60.68% 61.22% 63.90% 63.13% 64.95% 63.71% 62.65% 63.72%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.06% 1.11% 1.10% 1.07% 0.95% 1.18% 1.09% 1.17% 1.12% 1.10%
Common Equity to Total Capital		 38.85% 38.23% 38.22% 37.71% 35.15% 35.69% 33.96% 35.12% 36.24% 35.18%
Debt to EBITDA		 14.38 16.31 14.75 14.65 14.24 12.18 13.09 12.96 12.49 15.63
Net Debt to EBITDA		 13.85 15.66 14.06 14.04 13.57 11.65 12.42 12.45 11.83 15.08
Long-Term Debt to EBITDA		 14.38 16.31 14.75 14.65 14.24 12.18 13.09 12.96 12.49 15.63
Debt to NOPAT		 2,506.91 -290.35 -6,129.79 648.48 349.20 73.55 115.37 86.88 92.47 1,044.09
Net Debt to NOPAT		 2,414.70 -278.78 -5,843.67 621.46 332.77 70.31 109.44 83.40 87.57 1,006.98
Long-Term Debt to NOPAT		 2,506.91 -290.35 -6,129.79 648.48 349.20 73.55 115.37 86.88 92.47 1,044.09
Noncontrolling Interest Sharing Ratio		 3.85% 3.48% 3.36% 3.28% 2.64% 3.00% 2.93% 2.98% 2.82% 3.10%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 433 340 451 374 540 700 519 118 -16 -963
Operating Cash Flow to CapEx		 2,438.04% 375.88% 403.81% 455.47% 566.62% 188.03% 231.25% 282.23% 356.93% 177.15%
Free Cash Flow to Firm to Interest Expense		 8.23 5.75 11.44 6.83 10.12 27.53 9.94 2.96 -0.29 -13.57
Operating Cash Flow to Interest Expense		 3.22 0.89 2.05 1.06 2.01 1.94 1.17 1.70 1.75 0.77
Operating Cash Flow Less CapEx to Interest Expense		 3.09 0.65 1.54 0.83 1.66 0.91 0.66 1.09 1.26 0.34
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.11 0.08 0.11 0.12 0.12 0.10 0.12 0.12 0.12 0.09
Fixed Asset Turnover		 0.15 0.11 0.15 0.15 0.15 0.13 0.15 0.15 0.15 0.11
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 7,463 7,496 7,262 7,243 6,921 6,856 6,735 7,133 6,931 7,835
Invested Capital Turnover		 0.12 0.09 0.12 0.13 0.13 0.11 0.13 0.13 0.13 0.10
Increase / (Decrease) in Invested Capital		 -440 -327 -441 -378 -542 -640 -527 -110 10 979
Enterprise Value (EV)		 5,930 6,633 6,383 6,604 6,499 7,410 7,854 7,739 8,096 9,394
Market Capitalization		 1,531 2,184 2,103 2,276 2,218 3,191 3,631 3,293 3,906 4,493
Book Value per Share		 $13.50 $13.34 $12.91 $12.70 $11.30 $11.36 $10.59 $11.61 $11.63 $12.22
Tangible Book Value per Share		 $13.50 $13.34 $12.91 $12.70 $11.30 $11.36 $10.59 $11.61 $11.63 $12.22
Total Capital		 7,463 7,496 7,262 7,243 6,921 6,856 6,735 7,133 6,931 7,835
Total Debt		 4,485 4,547 4,407 4,434 4,423 4,328 4,375 4,545 4,342 4,993
Total Long-Term Debt		 4,485 4,547 4,407 4,434 4,423 4,328 4,375 4,545 4,342 4,993
Net Debt		 4,320 4,366 4,201 4,250 4,215 4,138 4,150 4,363 4,112 4,815
Capital Expenditures (CapEx)		 6.96 14 20 13 19 26 26 24 28 31
Net Nonoperating Expense (NNE)		 6.49 9.50 69 10 270 -7.32 123 -258 106 237
Net Nonoperating Obligations (NNO)		 4,485 4,547 4,407 4,434 4,423 4,328 4,375 4,545 4,342 4,993
Total Depreciation and Amortization (D&A)		 75 74 76 73 75 73 75 75 78 87
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.07) $0.00 ($0.27) ($0.07) ($1.22) $0.28 ($0.59) $1.16 ($0.50) ($0.95)
Adjusted Weighted Average Basic Shares Outstanding		 215.13M 215.03M 215.29M 215.46M 215.63M 215.55M 216.04M 216.18M 218.42M 221.85M
Adjusted Diluted Earnings per Share		 ($0.07) $0.00 ($0.27) ($0.07) ($1.22) $0.28 ($0.59) $1.16 ($0.50) ($0.95)
Adjusted Weighted Average Diluted Shares Outstanding		 215.13M 215.03M 215.29M 215.46M 215.63M 215.55M 216.04M 216.18M 218.42M 221.85M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 214.78M 215.03M 215.10M 215.26M 215.45M 215.72M 215.75M 215.99M 225.53M 252.50M
Normalized Net Operating Profit after Tax (NOPAT)		 -7.01 8.89 5.90 -4.35 -1.65 41 -8.29 7.81 -6.18 11
Normalized NOPAT Margin		 -4.14% 4.67% 3.18% -2.58% -0.94% 18.12% -4.93% 4.19% -3.55% 5.27%
Pre Tax Income Margin		 -5.91% 6.66% 4.54% -3.68% -1.34% 25.89% -7.05% 4.33% -5.07% 7.53%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -0.19 0.21 0.21 -0.11 -0.04 2.30 -0.23 0.20 -0.15 0.23
NOPAT to Interest Expense		 -0.13 0.22 0.26 -0.08 -0.03 2.33 -0.16 0.20 -0.11 0.24
EBIT Less CapEx to Interest Expense		 -0.32 -0.02 -0.29 -0.35 -0.40 1.27 -0.73 -0.40 -0.65 -0.21
NOPAT Less CapEx to Interest Expense		 -0.27 -0.02 -0.25 -0.31 -0.39 1.29 -0.67 -0.40 -0.60 -0.20
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 -198.54% -286.31% -217.44% -230.84% -46.81% -57.28% -44.59% -221.67% 180.08% -81.60%
Augmented Payout Ratio		 -198.54% -286.31% -217.44% -230.84% -46.81% -57.28% -44.59% -221.67% 180.08% -81.60%

Frequently Asked Questions About Macerich's Financials

When does Macerich's financial year end?

According to the most recent income statement we have on file, Macerich's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Macerich's net income changed over the last 9 years?

Macerich's net income appears to be on a downward trend, with a most recent value of -$197.67 million in 2024, falling from $522.91 million in 2015. The previous period was -$278.10 million in 2023.

How has Macerich revenue changed over the last 9 years?

Over the last 9 years, Macerich's total revenue changed from $1.08 billion in 2015 to $742.27 million in 2024, a change of -31.0%.

How much debt does Macerich have?

Macerich's total liabilities were at $5.72 billion at the end of 2024, a 14.8% increase from 2023, and a 7.1% decrease since 2015.

How much cash does Macerich have?

In the past 9 years, Macerich's cash and equivalents has ranged from $86.51 million in 2015 to $465.30 million in 2020, and is currently $89.86 million as of their latest financial filing in 2024.

How has Macerich's book value per share changed over the last 9 years?

Over the last 9 years, Macerich's book value per share changed from 29.78 in 2015 to 12.22 in 2024, a change of -59.0%.

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This page (NYSE:MAC) was last updated on 4/16/2025 by MarketBeat.com Staff
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Larry Benedict, the acclaimed "Market Wizard," is calling an emergency briefing now... The same Larry who –...
Brownstone Research | Sponsored