MACERICH REIT (MAC)
Real Estate · Regional shopping center REIT · NYSE
Macerich owns and operates a portfolio of 38 regional and community shopping centers across the US, focused on retail leasing and property redevelopment in an evolving omnichannel retail landscape.
What MACERICH REIT does
Macerich is a real estate investment trust (REIT) that acquires, owns, develops, redevelops, manages and leases regional and community/power shopping centers throughout the United States. As of March 31, 2026, the company owns or has ownership interests in 38 centers comprising approximately 39 million square feet of gross leasable area, including consolidated properties and unconsolidated joint venture interests. The company provides property management, leasing and redevelopment services through seven management companies and operates its interests through The Macerich Partnership, L.P., of which it is the sole general partner and majority owner.
Themes: ["Regional retail real estate","Shopping center ownership and leasing","Mixed-use redevelopment","Retail property management","E-commerce impact on physical retail"]
Fundamentals
- Price$24.93 as of 2026-07-09 close
- Market cap$7.1B as of 2026-07-10
- 1-year return+52.7% as of 2026-07-09 close
- Net margin-18.2% as of 2026-07-10
- Gross margin+54.3% as of 2026-07-10
- ROE-7.3% as of 2026-07-10
- Debt / equity2.02 as of 2026-07-10
- Revenue growth (YoY)+5.0% as of 2026-07-10
- Revenue CAGR (3y)+5.7% SEC XBRL
- Beta2.08 as of 2026-07-10
Dividend: yield +2.7%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["E-commerce competition and ongoing retail store closures reducing demand for physical retail space and occupancy rates","Geographic concentration in California, New York, and Arizona exposing the portfolio to regional economic downturns and local real estate market volatility","Rising interest rates and borrowing costs impacting debt service on floating-rate obligations and the company's financial condition, particularly given current unprofitable status (negative 18.22% net margin)"]
Competitors & peers
- Simon Property Group (SPG)
- Taubman Centers
- Regency Centers (REG)
- Retail Opportunity Investments Corp (ROIC)
- Washington Prime Group (WPG)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.