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MACERICH CO

MAC

$21.98 ▼ -0.70 (-3.09%) at close

19 Visible periods

33 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

MACERICH CO faces fundamental challenges with weakness in Debt to Equity. The fundamentals warrant careful consideration of downside risks.

Market Cap $5.6B

Dividend Yield 3.09%

Revenue Growth None

Op. Margin —

ROIC None

FCF / Share None

Trailing P/E —

Price / Book 2.3x

FCF Yield —

Debt / Equity 2.07

info Valuation on last close. End-of-day price, Sep 24, 2026.

19-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$847.44M

↑ +7.8% —

Net Income Profit after all expenses

$-197.15M

↓ -1.6% —

Long-Term Debt Long-term obligations

$5.07B

↑ +3.6% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Returns

Financial Health ↑

Dividend History

Dividend / share · sourced from SEC filings

$0.68 Latest / share

+0.0% YoY

-11.2% 12-yr CAGR

$2.51

FY 2014

$2.00

FY 2015

$2.75

FY 2016

$2.87

FY 2017

$2.97

FY 2018

$0.50

FY 2019

$1.55

FY 2020

$0.60

FY 2021

$0.62

FY 2022

$0.68

FY 2023

$0.68

FY 2024

$0.68

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Mar 16, 2020 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue Growth YoY (%)	—	—	—	—	7.8% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+56%)	-15.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-405%)	-3.4% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-168%)	-3.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-167%)	-4.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-191%)	-19.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-483%)	16.5% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+231%)	7.4% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+47%)	29.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+482%)	4.5% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-11%)	0.6% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-87%)	-5.8% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-217%)	-8.5% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-271%)	—	—
EPS Growth YoY (%)	11.4% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	31.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-312.9% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	N/M	61.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-58.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-71.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	14.3% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	-70.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	247.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	19.9% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	112.7% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	521.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-86.9% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-33.2% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-1.6% Weak ↑ Weak Improving Year-over-year change in net income	29.2% Excellent Excellent Year-over-year change in net income	-314.8% Weak Weak Year-over-year change in net income	N/M	N/M	N/M	48.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-57.3% Weak ↓ Weak Declining Year-over-year change in net income	-70.9% Weak ↓ Weak Declining Year-over-year change in net income	6.1% Fair ↓ Fair Declining Year-over-year change in net income	-67.5% Weak ↓ Weak Declining Year-over-year change in net income	257.9% Excellent ↑ Excellent Improving Year-over-year change in net income	22.5% Good ↓ Good Declining Year-over-year change in net income	116.7% Excellent ↓ Excellent Declining Year-over-year change in net income	571.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-79.1% Weak Weak Year-over-year change in net income	-27.3% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	—	—	—	—	-4.1% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-7.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-3.8% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-9.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-3.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	0.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	17.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	13.1% Good ↑ Good Improving Compound annual revenue growth over 3 years	10.7% Good ↑ Good Improving Compound annual revenue growth over 3 years	-0.3% Weak Weak Compound annual revenue growth over 3 years	-4.7% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	—	—	—	—	-4.0% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-9.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-3.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-1.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	4.5% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	6.4% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	11.2% Good ↑ Good Improving Compound annual revenue growth over 5 years	6.5% Fair Fair Compound annual revenue growth over 5 years	3.2% Caution Caution Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	—	—	—	-45.0% Weak → Weak Stable Compound annual EPS growth over 3 years	—	-42.2% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-48.5% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-54.0% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	5.4% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	7.1% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	107.0% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	151.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	20.1% Excellent Excellent Compound annual EPS growth over 3 years	-18.4% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Mar 16, 2020 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Profit Margin (%) (%)	—	—	—	—	1.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-93%)	-29.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-217%)	11.1% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-56%)	7.2% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-71%)	16.3% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	53.3% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+113%)	40.6% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+62%)	—	43.6% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+74%)	45.9% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+84%)	22.1% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-11%)	3.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-87%)	15.0% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	18.9% Good Good Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-25%)	—
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Mar 16, 2020 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Return on Invested Capital (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Capital (%) (%)	-2.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-2.3% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-3.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	-0.8% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Return on Common Equity (%) (%)	-8.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-201%)	-7.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-188%)	-11.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-240%)	-2.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-129%)	0.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-94%)	-10.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-227%)	3.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-51%)	2.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-71%)	4.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-45%)	13.5% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+69%)	11.1% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+39%)	28.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+256%)	13.4% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+67%)	11.9% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+49%)	6.0% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-25%)	0.9% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-89%)	6.5% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-19%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Mar 16, 2020 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Debt to Equity (x)	2.07x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+107%)	1.78x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+78%)	1.69x Weak → Weak Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+69%)	1.48x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+48%)	1.45x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+45%)	2.02x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+102%)	—	—	—	—	—	—	—	—	—	—	—	—	—
Interest Coverage (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Debt (USD)	$4.79B	$4.80B	$4.04B	$4.14B	$4.31B	$4.10B	$-100.00M	$-102.71M	$-91.04M	$-94.05M	$-86.51M	$-84.91M	$-69.72M	$-65.79M	$-67.25M	$-445.64M	$-93.25M	$-66.53M	$-85.27M
Debt / EBITDA (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Mar 16, 2020 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue per Share (USD)	—	—	—	—	$4.28	$5.38	$6.56	$6.80	$7.00	$7.10	$8.16	$7.72	$7.37	$5.95	$5.80	$6.30	$9.92	$11.85	—
Basic EPS, GAAP (USD)	$-0.78	$-0.88	$-1.28	$-0.31	$0.07	$-1.58	$0.68	$0.42	$1.02	$3.52	$3.08	$10.46	$3.01	$2.51	$1.18	$0.19	$1.45	$2.17	—
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend per Share (USD)	$0.68	$0.68	$0.68	$0.62	$0.60	$1.55	$0.50	$2.97	$2.87	$2.75	$2.00	$2.51	$2.36	$2.23	$2.05	$-2.10	$-2.60	$-3.20	—
Book Value per Share (USD)	$9.53	$10.90	$11.33	$13.31	$14.18	$15.07	$18.61	$20.89	$26.11	$28.52	$30.54	$35.65	$23.87	$22.38	$21.29	$22.16	$19.22	—	—
Tangible Book Value per Share (USD)	$9.53	$10.90	$11.33	$13.31	$14.18	$15.07	$18.61	$20.89	$26.11	$28.52	$30.54	$35.65	$23.87	$22.38	$21.29	$22.16	$19.22	—	—
Basic Weighted Avg Shares (shares)	254.22M	221.84M	215.55M	215.03M	198.07M	146.23M	141.34M	141.14M	141.88M	146.60M	157.92M	143.14M	139.60M	134.07M	131.63M	120.35M	81.23M	74.32M	—
Dividend Payout Ratio (%)	—	—	—	—	—	—	73.5% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	707.1% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	281.4% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	78.1% Caution Caution Dividends paid as a percentage of earnings Optimal: 30-60%	64.9% Fair Fair Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	-1105.3% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	-179.3% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	-147.5% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Mar 16, 2020 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
LT Debt (USD)	$5.07B	$4.89B	$4.14B	$4.24B	$4.42B	$4.56B	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Equity (USD)	$2.45B	$2.76B	$2.45B	$2.87B	$3.05B	$2.26B	$2.63B	$2.95B	$3.68B	$4.11B	$4.72B	$5.64B	$3.36B	$3.08B	$2.81B	$2.89B	$1.86B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Mar 16, 2020 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	—	—	—	—	$847.44M	$786.03M	$927.46M	$960.35M	$993.66M	$1.04B	$1.29B	$1.11B	$1.03B	$797.52M	$763.37M	$758.56M	$805.65M	$880.87M	—
Depreciation Expense (USD)	$368.10M	$305.88M	$296.39M	$302.48M	$324.40M	$326.06M	$337.67M	$334.68M	$341.27M	$355.36M	$471.32M	$387.79M	$383.00M	$322.72M	$282.64M	$260.25M	$277.47M	$287.92M	—
Net Income, GAAP (USD)	$-197.15M	$-194.12M	$-274.06M	$-66.07M	$14.26M	$-230.20M	$102.55M	$68.97M	$161.67M	$554.84M	$522.91M	$1.61B	$448.96M	$366.39M	$169.07M	$25.19M	$120.74M	$166.05M	—
Operating Cash Flow (USD)	$321.60M	$283.44M	$295.50M	$337.51M	$286.37M	$124.84M	$355.16M	$344.31M	$386.39M	$429.53M	$540.38M	$400.71M	$422.04M	$351.30M	$237.28M	$200.44M	$120.89M	$251.95M	—

🏛️ Sector-Specific 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Mar 16, 2020 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
FFO (approx.) (USD)	$170.95M	$111.75M	$22.33M	$236.41M	$338.67M	$95.86M	$440.22M	$403.65M	$502.95M	$910.20M	$994.23M	$1.99B	$831.96M	$689.11M	$451.72M	$285.44M	$398.21M	$453.97M	—
FFO per Share (approx.) (USD)	$0.67	$0.50	$0.10	$1.10	$1.71	$0.66	$3.11	$2.86	$3.54	$6.21	$6.30	$13.94	$5.96	$5.14	$3.43	$2.37	$4.90	$6.11	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 2 days ago 19 years · 72 quarters

MACERICH CO

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