WallStSmart

Macerich Company (MAC)vsSimon Property Group Inc (SPG)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Simon Property Group Inc generates 576% more annual revenue ($6.94B vs $1.03B). SPG leads profitability with a 66.6% profit margin vs -16.5%. MAC appears more attractively valued with a PEG of 4.80. SPG earns a higher WallStSmart Score of 57/100 (C).

MAC

Hold

45

out of 100

Grade: D+

Growth: 6.7Profit: 4.0Value: 3.7Quality: 3.0
Piotroski: 2/9Altman Z: -0.39

SPG

Buy

57

out of 100

Grade: C

Growth: 5.3Profit: 9.0Value: 4.0Quality: 3.5
Piotroski: 4/9Altman Z: 0.36
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

MACFair Value (-3.1%)

Margin of Safety

-3.1%

Fair Value

$22.33

Current Price

$22.61

$0.28 premium

UndervaluedFair: $22.33Overvalued
SPGSignificantly Overvalued (-20.8%)

Margin of Safety

-20.8%

Fair Value

$161.26

Current Price

$204.83

$43.57 premium

UndervaluedFair: $161.26Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

MAC2 strengths · Avg: 9.0/10
EPS GrowthGrowth
3971.0%10/10

Earnings expanding 3971.0% YoY

Price/BookValuation
2.3x8/10

Reasonable price relative to book value

SPG6 strengths · Avg: 9.2/10
Return on EquityProfitability
107.1%10/10

Every $100 of equity generates 107 in profit

Profit MarginProfitability
66.6%10/10

Keeps 67 of every $100 in revenue as profit

Operating MarginProfitability
46.0%10/10

Strong operational efficiency at 46.0%

Market CapQuality
$77.76B9/10

Large-cap with strong market position

P/E RatioValuation
14.5x8/10

Attractively priced relative to earnings

Revenue GrowthGrowth
19.5%8/10

19.5% revenue growth

Areas to Watch

MAC4 concerns · Avg: 3.0/10
Revenue GrowthGrowth
1.2%4/10

1.2% revenue growth

Debt/EquityHealth
1.713/10

Elevated debt levels

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
4.802/10

Expensive relative to growth rate

SPG4 concerns · Avg: 2.5/10
Price/BookValuation
15.1x4/10

Trading at 15.1x book value

PEG RatioValuation
8.742/10

Expensive relative to growth rate

EPS GrowthGrowth
-12.5%2/10

Earnings declined 12.5%

Altman Z-ScoreHealth
0.362/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : MAC

The strongest argument for MAC centers on EPS Growth, Price/Book.

Bull Case : SPG

The strongest argument for SPG centers on Return on Equity, Profit Margin, Operating Margin. Profitability is solid with margins at 66.6% and operating margin at 46.0%. Revenue growth of 19.5% demonstrates continued momentum.

Bear Case : MAC

The primary concerns for MAC are Revenue Growth, Debt/Equity, Piotroski F-Score. Debt-to-equity of 1.71 is elevated, increasing financial risk.

Bear Case : SPG

The primary concerns for SPG are Price/Book, PEG Ratio, EPS Growth. Debt-to-equity of 6.64 is elevated, increasing financial risk.

Key Dynamics to Monitor

MAC profiles as a turnaround stock while SPG is a growth play — different risk/reward profiles.

MAC carries more volatility with a beta of 2.06 — expect wider price swings.

SPG is growing revenue faster at 19.5% — sustainability is the question.

SPG generates stronger free cash flow (959M), providing more financial flexibility.

Bottom Line

SPG scores higher overall (57/100 vs 45/100), backed by strong 66.6% margins and 19.5% revenue growth. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Macerich Company

REAL ESTATE · REIT - RETAIL · USA

The Macerich Company (MAC) is a leading real estate investment trust (REIT) focused on acquiring, leasing, and managing a high-quality portfolio of retail properties in prime markets across the United States. Renowned for its upscale shopping centers and mixed-use developments, Macerich prioritizes tenant performance and exceptional customer experiences to adapt to the evolving retail landscape. With a strong emphasis on sustainability and operational efficiency, the company is well-positioned to achieve long-term growth and value creation for its shareholders.

Simon Property Group Inc

REAL ESTATE · REIT - RETAIL · USA

Simon Property Group, Inc. is a real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana.

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