XNYS
MAC
Market cap4.15bUSD
Jun 09, Last price
16.43USD
1D
1.99%
1Q
0.67%
Jan 2017
-76.81%
Name
Macerich Co
Chart & Performance
Profile
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. Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the West Coast, Arizona, Chicago and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for five straight years (2015 2019).
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
Income | ||||||||||
Revenues | 918,204 4.18% | 881,369 2.58% | 859,164 1.38% | |||||||
Cost of revenue | 458,412 | 424,128 | 417,517 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 459,792 | 457,241 | 441,647 | |||||||
NOPBT Margin | 50.08% | 51.88% | 51.40% | |||||||
Operating Taxes | (1,300) | (494) | 705 | |||||||
Tax Rate | 0.16% | |||||||||
NOPAT | 461,092 | 457,735 | 440,942 | |||||||
Net income | (194,120) -29.17% | (274,065) 321.13% | (65,079) -556.28% | |||||||
Dividends | (161,289) | (146,630) | (133,330) | |||||||
Dividend yield | 3.65% | 4.41% | 5.51% | |||||||
Proceeds from repurchase of equity | 658,872 | 1,215 | 1,558 | |||||||
BB yield | -14.91% | -0.04% | -0.06% | |||||||
Debt | ||||||||||
Debt current | 603,799 | |||||||||
Long-term debt | 5,136,214 | 4,393,662 | 4,593,535 | |||||||
Deferred revenue | 5,144,790 | |||||||||
Other long-term liabilities | (602,716) | (5,104,185) | ||||||||
Net debt | 4,391,689 | 3,445,962 | 3,872,726 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 283,445 | 295,502 | 337,510 | |||||||
CAPEX | (97,904) | |||||||||
Cash from investing activities | 19,790 | 52,541 | (1,402) | |||||||
Cash from financing activities | (316,050) | (338,888) | (321,940) | |||||||
FCF | 600,778 | 7,157,227 | 1,105,458 | |||||||
Balance | ||||||||||
Cash | 89,858 | 94,936 | 100,320 | |||||||
Long term investments | 654,667 | 852,764 | 1,224,288 | |||||||
Excess cash | 698,615 | 903,632 | 1,281,650 | |||||||
Stockholders' equity | (3,318,355) | (2,982,002) | (2,556,735) | |||||||
Invested Capital | 11,225,311 | 9,921,792 | 10,649,112 | |||||||
ROIC | 4.36% | 4.45% | 4.09% | |||||||
ROCE | 5.82% | 6.59% | 5.39% | |||||||
EV | ||||||||||
Common stock shares outstanding | 221,845 | 215,548 | 215,031 | |||||||
Price | 19.92 29.10% | 15.43 37.03% | 11.26 -34.84% | |||||||
Market cap | 4,419,152 32.87% | 3,325,906 37.36% | 2,421,249 -29.26% | |||||||
EV | 8,896,779 | 6,852,449 | 6,377,551 | |||||||
EBITDA | 765,667 | 753,635 | 744,127 | |||||||
EV/EBITDA | 11.62 | 9.09 | 8.57 | |||||||
Interest | 219,987 | 172,920 | 216,851 | |||||||
Interest/NOPBT | 47.84% | 37.82% | 49.10% |