MAC$18.32
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Performance
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Powered by LiveAIOverall Analysis
HoldMacerich (MAC) presents a mixed investment profile. While its dividend yield is attractive and it operates in resilient retail markets, recent performance, EPS trends, and high debt levels warrant caution. The stock's technicals suggest a potential for short-term upside but are currently leaning towards caution. Long-term prospects depend on strategic debt management and a rebound in the retail real estate sector.
Thematic
Macerich operates in the retail real estate sector, which has seen significant disruption. Its focus on densely populated, attractive U.S. markets and its sustainability efforts are positive thematic elements. However, the broader challenges facing physical retail and evolving consumer preferences present headwinds.
Fundamental
Macerich exhibits a high debt load and has shown volatile earnings, with recent quarters reporting significant losses. While its revenue has shown some growth, profitability remains a concern. The dividend yield is attractive, but sustainability is questionable given the earnings trajectory.
Technical
The stock is trading below key moving averages and exhibits weak momentum indicators, suggesting a bearish short-term outlook. Recent price action shows a downward trend, with significant resistance levels to overcome.
| Factor | Score |
|---|---|
| Retail Real Estate Resilience | 70 |
| ESG & Sustainability | 90 |
| E-commerce vs. Brick-and-Mortar | 50 |
| Interest Rate Sensitivity | 50 |
| Factor | Score |
|---|---|
| Valuation | 30 |
| Profitability | 10 |
| Growth | 50 |
| Balance Sheet Health | 25 |
| Cash Flow | 40 |
| Dividend Yield | 60 |
| Factor | Score |
|---|---|
| Trend Analysis | 30 |
| Trend Analysis | 30 |
| Momentum | 30 |
| Volume | 40 |
| Support & Resistance | 40 |
AI Investing Checklist
Powered by LiveAIBullish Points (5)
Attractive Valuation Metrics
The Price-to-Sales (P/S) ratio is 6.3, which, while seemingly high, is presented in the context of a REIT. For REITs, metrics like Funds From Operations (FFO) and Net Asset Value (NAV) are more relevant. The negative P/E ratio (TTM: -12.7) is often seen in companies undergoing transformation or experiencing temporary losses, and the positive P/E for 2021 (258.4) suggests historical volatility. Investors should focus on FFO/share and dividend payout ratios for this sector.
Consistent Dividend Payout
The dividend yield has been consistently around 3.5% to 7.6% historically, indicating a commitment to returning value to shareholders. The current dividend yield is 3.83%. The regular quarterly dividend payment of $0.17 suggests stability.
Bearish Points (6)
Inconsistent and Negative Earnings
The company has reported negative EPS for multiple recent quarters (e.g., Q2 2025: -0.2, Q1 2025: -0.89, Q4 2024: -0.5). The EPS TTM is -0.49. This indicates current unprofitability, which is a significant concern for a REIT reliant on income generation.
High Price-to-Sales Ratio
The Price-to-Sales (P/S) ratio is 6.3, suggesting that the market is valuing the company's revenue highly. Given the recent negative earnings, this ratio might not be the most informative, but it highlights investor expectations for future revenue generation and profitability recovery.
Calendar
June 2025
3
Ex-Dividend Date
June 2025
17
Next Dividend Date
August 2025
12
Next Earnings Date
H: $-0.02
A: $-0.02
L: $-0.02
H: 255.30M
A: 244.02M
L: 229.25M
Profile
Macerich 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 41 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. A recognized leader in sustainability, Macerich has achieved a #1 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for ten consecutive years (2015-2024).
Seasonals
Price Target
18.69 USD
The 39 analysts offering 1 year price forecasts for MAC have a max estimate of 25.00 and a min estimate of 14.70.
Debt Level and Coverage
Financial Position Analysis
Ownership
Capital Structure
Valuation - Summary
Valuation - Ratios
Revenue to Profit Conversion
Balance Sheet
Income Statement
Cash Flow
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