The Macerich Company (MAC)Real Estate | REIT - Retail | Santa Monica, United States | NYSE
24.75 USD
+0.06
(0.243%)
⇧
(July 13, 2026, 4 p.m.
EDT)
After hours: 24.75 |
Hot Take ↕ | July 11, 2026, 6:18 a.m. EDT
The Macerich Company presents a classic value trap where the balance sheet is crumbling under the weight of debt while the business shrinks. The company is hemorrhaging value with negative earnings, a payout ratio exceeding 180%, and a massive debt-to-equity ratio nearing 200%. Despite the stock trading at a low multiple relative to book value, the fundamentals are deteriorating rapidly with revenue contracting by nearly 7% annually. The recent price action shows a slight recovery, but the underlying trajectory remains deeply bearish. The options market confirms this pessimism, with traders aggressively buying protection against a drop to the $15-$17 range, indicating a high probability of further weakness. The dividend, while seemingly generous at 2.7%, is unsustainable given the negative free cash flow and aggressive share issuance used to fund acquisitions. This is a speculative play on a turnaround that currently lacks the financial discipline to succeed. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.062455 |
| AutoTheta | 0.063110 |
| AutoARIMA | 0.065358 |
| AutoETS | 0.065528 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 41% |
| H-stat | 78.92 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.114 |
| Excess Kurtosis | -1.18 |
| Attribute | Value |
|---|---|
| Sector | Real Estate |
| Ex Dividend Date | 2026-06-14 |
| Last Dividend Date | 2026-06-14 |
| Debt to Equity Ratio | 198.966 |
| Revenue per Share | 4.009 |
| Market Cap | 7,648,501,760 |
| Forward P/E | 225.00 |
| Beta | 2.06 |
| Profit Margins | -17.90% |
| Website | https://www.macerich.com |
As of July 11, 2026, 6:18 a.m. EDT: Speculators are positioning for a significant downside move, evidenced by massive open interest in out-of-the-money puts (strikes 15, 16, 17, 20) compared to negligible call volume. While there is some call activity at strikes 26 and 28, the overwhelming capital allocation is in protective puts, suggesting a fear of a crash or a deep correction rather than a rally.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.68% | 3.43% | 4.23% | 4.50% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-15 | 0.170000 | 0.677561 |
| 2026-03-16 | 0.170000 | 0.898045 |
| 2025-12-15 | 0.170000 | 0.914470 |
| 2025-09-09 | 0.170000 | 0.940786 |
| 2025-06-03 | 0.170000 | 1.074589 |
| 2025-03-04 | 0.170000 | 0.955593 |
| 2024-11-12 | 0.170000 | 0.877193 |
| 2024-08-19 | 0.170000 | 1.144011 |
| 2024-05-17 | 0.170000 | 1.093951 |
| 2024-02-15 | 0.170000 | 0.973097 |
| 2023-11-08 | 0.170000 | 1.663405 |
| 2023-08-17 | 0.170000 | 1.476977 |
| 2023-05-18 | 0.170000 | 1.827957 |
| 2023-02-16 | 0.170000 | 1.323988 |
| 2022-11-08 | 0.170000 | 1.445578 |
| 2022-08-18 | 0.150000 | 1.338091 |
| 2022-05-19 | 0.150000 | 1.266892 |
| 2022-02-17 | 0.150000 | 0.941620 |
| 2021-11-08 | 0.150000 | 0.690290 |
| 2021-08-18 | 0.150000 | 0.967118 |
| 2021-05-06 | 0.150000 | 1.113586 |
| 2021-02-18 | 0.150000 | 1.204819 |
| 2020-11-06 | 0.150000 | 2.167630 |
| 2020-08-18 | 0.150000 | 1.943005 |
| 2020-04-21 | 0.100000 | 1.661130 |
| 2020-02-20 | 0.750000 | 3.199659 |
| 2019-11-07 | 0.750000 | 2.631579 |
| 2019-08-16 | 0.750000 | 2.559727 |
| 2019-05-07 | 0.750000 | 1.851395 |
| 2019-02-20 | 0.750000 | 1.723346 |
| 2018-11-08 | 0.750000 | 1.480166 |
| 2018-08-16 | 0.740000 | 1.293480 |
| 2018-05-07 | 0.740000 | 1.261937 |
| 2018-02-20 | 0.740000 | 1.246211 |
| 2017-11-09 | 0.740000 | 1.185707 |
| 2017-08-16 | 0.710000 | 1.294675 |
| 2017-05-03 | 0.710000 | 1.143501 |
| 2017-02-16 | 0.710000 | 1.062238 |
| 2016-11-08 | 0.710000 | 1.036648 |
| 2016-08-17 | 0.680000 | 0.818587 |
| 2016-05-03 | 0.680000 | 0.883461 |
| 2016-02-17 | 0.680000 | 0.897216 |
| 2015-11-09 | 4.680000 | 6.024717 |
| 2015-08-18 | 0.650000 | 0.802469 |
| 2015-05-06 | 0.650000 | 0.803064 |
| 2015-02-18 | 0.650000 | 0.760234 |
| 2014-11-07 | 0.650000 | 0.949182 |
| 2014-08-18 | 0.620000 | 0.949900 |
| 2014-05-07 | 0.620000 | 0.947578 |
| 2014-02-19 | 0.620000 | 1.023271 |
| 2013-11-07 | 0.620000 | 1.088674 |
| 2013-08-16 | 0.580000 | 1.022567 |
| 2013-05-08 | 0.580000 | 0.828571 |
| 2013-02-20 | 0.580000 | 0.952694 |
| 2012-11-07 | 0.580000 | 1.023108 |
| 2012-08-16 | 0.550000 | 0.955525 |
| 2012-05-08 | 0.550000 | 0.907142 |
| 2012-02-17 | 0.550000 | 0.991527 |
| 2011-11-08 | 0.550000 | 1.077586 |
| 2011-08-17 | 0.500000 | 1.004016 |
| 2011-05-06 | 0.500000 | 1.000600 |
| 2011-02-17 | 0.500000 | 1.009897 |
| 2010-11-09 | 0.500000 | 1.080614 |
| 2010-08-18 | 0.500000 | 1.229710 |
| 2010-05-06 | 0.500000 | 1.201923 |
| 2010-02-11 | 0.060000 | 0.200200 |
| 2009-11-09 | 0.059172 | 0.188384 |
| 2009-08-10 | 0.058131 | 0.216920 |
| 2009-05-07 | 0.057053 | 0.336702 |
| 2009-02-18 | 0.740704 | 7.414269 |
| 2008-11-13 | 0.740704 | 3.793265 |
| 2008-08-19 | 0.740704 | 1.383364 |
| 2008-05-15 | 0.740704 | 1.084745 |
| 2008-02-20 | 0.740704 | 1.246494 |
| 2007-11-13 | 0.740704 | 1.002883 |
| 2007-08-17 | 0.657375 | 0.875354 |
| 2007-05-16 | 0.657375 | 0.799459 |
| 2007-02-21 | 0.657375 | 0.717752 |
| 2006-11-13 | 0.657375 | 0.911074 |
| 2006-08-16 | 0.629599 | 0.949721 |
| 2006-05-17 | 0.629599 | 0.980534 |
| 2006-02-21 | 0.629599 | 0.957747 |
| 2005-11-10 | 0.629599 | 1.061174 |
| 2005-08-05 | 0.601822 | 0.988593 |
| 2005-05-18 | 0.601822 | 1.059667 |
| 2005-02-18 | 0.601822 | 1.088048 |
| 2004-11-10 | 0.601822 | 1.113013 |
| 2004-08-18 | 0.564787 | 1.255402 |
| 2004-05-18 | 0.564787 | 1.444470 |
| 2004-02-19 | 0.564787 | 1.241857 |
| 2003-11-12 | 0.564787 | 1.454112 |
| 2003-08-18 | 0.527752 | 1.546812 |
| 2003-05-16 | 0.527752 | 1.677458 |
| 2003-02-20 | 0.527752 | 1.838710 |
| 2002-11-14 | 0.509234 | 1.873296 |
| 2002-08-23 | 0.509234 | 1.818181 |
| 2002-05-16 | 0.509234 | 1.843163 |
| 2002-02-20 | 0.509234 | 2.007298 |
| 2001-11-15 | 0.509234 | 2.199999 |
| 2001-08-16 | 0.490717 | 2.145751 |
| 2001-05-16 | 0.490717 | 2.291398 |
| 2001-02-20 | 0.490717 | 2.552988 |
| 2000-11-15 | 0.490717 | 2.845640 |
| 2000-08-16 | 0.472199 | 2.324786 |
| 2000-05-16 | 0.472199 | 2.199461 |
| 2000-02-16 | 0.472199 | 2.450450 |
| 1999-11-17 | 0.472199 | 2.542056 |
| 1999-08-17 | 0.449052 | 2.058355 |
| 1999-05-18 | 0.449052 | 1.925558 |
| 1999-02-16 | 0.449052 | 2.102981 |
| 1998-11-20 | 0.449052 | 1.783908 |
| 1998-08-12 | 0.425905 | 1.777778 |
| 1998-05-11 | 0.425905 | 1.635556 |
| 1998-02-05 | 0.425905 | 1.642857 |
| 1997-11-19 | 0.425905 | 1.727699 |
| 1997-08-14 | 0.407387 | 1.550659 |
| 1997-05-19 | 0.407387 | 1.676189 |
| 1997-02-18 | 0.407387 | 1.629628 |
| 1996-11-20 | 0.407387 | 1.882351 |
| 1996-08-19 | 0.388870 | 1.931036 |
| 1996-05-17 | 0.388870 | 2.000001 |
| 1996-02-15 | 0.388870 | 2.153847 |
| 1995-11-21 | 0.388870 | 2.153847 |
| 1995-08-18 | 0.388870 | 2.074075 |
| 1995-05-16 | 0.388870 | 2.113209 |
| 1995-02-13 | 0.370352 | 1.999999 |
| 1994-11-07 | 0.370352 | 2.051281 |
| 1994-08-04 | 0.370352 | 2.064515 |
| 1994-05-06 | 0.064812 | 0.361292 |
| Attribute | Value |
|---|---|
| 52 Week Change | 0.50457036 |
| Address1 | 401 Wilshire Boulevard |
| Address2 | Suite 700 |
| All Time High | 95.93 |
| All Time Low | 4.81 |
| Ask | 0.0 |
| Ask Size | 400 |
| Audit Risk | 3 |
| Average Analyst Rating | 2.1 - Buy |
| Average Daily Volume10 Day | 3,988,320 |
| Average Daily Volume3 Month | 3,571,542 |
| Average Volume | 3,571,542 |
| Average Volume10Days | 3,988,320 |
| Beta | 2.06 |
| Bid | 0.0 |
| Bid Size | 1,000 |
| Board Risk | 1 |
| Book Value | 9.354 |
| City | Santa Monica |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 3 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 24.75 |
| Current Ratio | 0.3 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 24.8199 |
| Day Low | 24.55 |
| Debt To Equity | 198.966 |
| Dividend Date | 1,782,691,200 |
| Dividend Rate | 0.68 |
| Dividend Yield | 2.75 |
| Earnings Call Timestamp End | 1,778,101,200 |
| Earnings Call Timestamp Start | 1,778,101,200 |
| Earnings Timestamp | 1,778,097,600 |
| Earnings Timestamp End | 1,778,097,600 |
| Earnings Timestamp Start | 1,778,097,600 |
| Ebitda | 539,876,992 |
| Ebitda Margins | 0.52707 |
| Enterprise To Ebitda | 21.04 |
| Enterprise To Revenue | 11.089 |
| Enterprise Value | 11,358,785,536 |
| Eps Current Year | -0.14 |
| Eps Forward | 0.11 |
| Eps Trailing Twelve Months | -0.72 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,781,481,600 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 310 395 2791 |
| Fifty Day Average | 23.372 |
| Fifty Day Average Change | 1.3780003 |
| Fifty Day Average Change Percent | 0.05895945 |
| Fifty Two Week Change Percent | 50.457035 |
| Fifty Two Week High | 25.97 |
| Fifty Two Week High Change | -1.2199993 |
| Fifty Two Week High Change Percent | -0.046977255 |
| Fifty Two Week Low | 15.89 |
| Fifty Two Week Low Change | 8.86 |
| Fifty Two Week Low Change Percent | 0.55758333 |
| Fifty Two Week Range | 15.89 - 25.97 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 763,309,800,000 |
| Five Year Avg Dividend Yield | 4.49 |
| Float Shares | 260,698,982 |
| Forward Eps | 0.11 |
| Forward P E | 225.0 |
| Free Cashflow | 403,520,736 |
| Full Exchange Name | NYSE |
| Full Time Employees | 596 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,782,864,000 |
| Gross Margins | 0.55103 |
| Gross Profits | 564,428,032 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.0035100002 |
| Held Percent Institutions | 0.96825 |
| Implied Shares Outstanding | 309,030,370 |
| Industry | REIT - Retail |
| Industry Disp | REIT - Retail |
| Industry Key | reit-retail |
| Ir Website | http://www.macerich.com/investing/investing.aspx?v=overview |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Dividend Date | 1,781,481,600 |
| Last Dividend Value | 0.17 |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,265,846,400 |
| Last Split Factor | 1,014:1000 |
| Long Business Summary | 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 approximately 41 million square feet of real estate, consisting primarily of interests in 39 retail centers. The Macerich Company was incorporated in 1964 in Maryland and is based in Santa Monica, California. |
| Long Name | The Macerich Company |
| Market | us_market |
| Market Cap | 7,648,501,760 |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_332172 |
| Most Recent Quarter | 1,774,915,200 |
| Net Income To Common | -184,167,008 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 7,001,080,968 |
| Number Of Analyst Opinions | 16 |
| Open | 24.52 |
| Operating Cashflow | 310,489,984 |
| Operating Margins | 0.09118 |
| Overall Risk | 2 |
| Payout Ratio | 1.8889 |
| Peg Ratio | 4.8 |
| Phone | 310 394 6000 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 24.75 |
| Post Market Time | 1,783,981,120 |
| Previous Close | 24.69 |
| Price Eps Current Year | -176.78572 |
| Price Hint | 2 |
| Price To Book | 2.645927 |
| Price To Sales Trailing12 Months | 7.4669943 |
| Profit Margins | -0.17902 |
| Quick Ratio | 0.233 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 2.0625 |
| Region | US |
| Regular Market Change | 0.0599995 |
| Regular Market Change Percent | 0.243011 |
| Regular Market Day High | 24.8199 |
| Regular Market Day Low | 24.55 |
| Regular Market Day Range | 24.55 - 24.8199 |
| Regular Market Open | 24.52 |
| Regular Market Previous Close | 24.69 |
| Regular Market Price | 24.75 |
| Regular Market Time | 1,783,972,802 |
| Regular Market Volume | 1,057,026 |
| Return On Assets | 0.0137 |
| Return On Equity | -0.07108 |
| Revenue Growth | -0.067 |
| Revenue Per Share | 4.009 |
| Sand P52 Week Change | 0.20847368 |
| Sector | Real Estate |
| Sector Disp | Real Estate |
| Sector Key | real-estate |
| Share Holder Rights Risk | 5 |
| Shares Outstanding | 297,559,375 |
| Shares Percent Shares Out | 0.09020001 |
| Shares Short | 25,563,120 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 12,330,625 |
| Short Name | Macerich Company (The) |
| Short Percent Of Float | 0.1261 |
| Short Ratio | 5.49 |
| Source Interval | 15 |
| State | CA |
| Symbol | MAC |
| Target High Price | 30.0 |
| Target Low Price | 19.0 |
| Target Mean Price | 25.4375 |
| Target Median Price | 26.0 |
| Total Cash | 182,034,000 |
| Total Cash Per Share | 0.696 |
| Total Debt | 4,997,767,168 |
| Total Revenue | 1,024,307,968 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.68 |
| Trailing Annual Dividend Yield | 0.027541514 |
| Trailing Eps | -0.72 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 19.78715 |
| Two Hundred Day Average Change | 4.9628506 |
| Two Hundred Day Average Change Percent | 0.2508118 |
| Type Disp | Equity |
| Volume | 1,057,026 |
| Website | https://www.macerich.com |
| Zip | 90,401-1452 |