MAC
Macerich Company
NYSE: MAC · REAL ESTATE · REIT - RETAIL
$21.82
+0.37% today
Updated 2026-04-29
Market cap
$5.93B
P/E ratio
—
P/S ratio
5.70x
EPS (TTM)
$-0.78
Dividend yield
3.13%
52W range
$14 – $23
Volume
2.2M
Macerich Company (MAC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $829.66M | $896.37M | $880.87M | $805.65M | $758.56M | $791.25M | $881.32M | $1.03B | $1.11B | $1.29B | $1.04B | $993.66M | $960.35M | $927.46M | $786.03M | $847.44M | $859.16M | $884.07M | $918.20M | $1.02B |
| Revenue growth (YoY) | — | +8.0% | -1.7% | -8.5% | -5.8% | +4.3% | +11.4% | +16.8% | +7.4% | +16.5% | -19.2% | -4.6% | -3.4% | -3.4% | -15.2% | +7.8% | +1.4% | +2.9% | +3.9% | +10.6% |
| Cost of revenue | $13.85M | $330.49M | $358.69M | $337.48M | $336.29M | $342.40M | $366.14M | $423.26M | $441.93M | $472.15M | $405.95M | $395.31M | $381.00M | $367.95M | $347.98M | $380.88M | $390.35M | $394.89M | $430.27M | $627.83M |
| Gross profit | $815.80M | $565.88M | $522.19M | $468.18M | $422.27M | $448.85M | $515.18M | $606.22M | $663.32M | $815.99M | $635.33M | $598.35M | $579.35M | $559.51M | $438.05M | $466.55M | $468.81M | $489.18M | $487.94M | $387.47M |
| Gross margin | 98.3% | 63.1% | 59.3% | 58.1% | 55.7% | 56.7% | 58.5% | 58.9% | 60.0% | 63.3% | 61.0% | 60.2% | 60.3% | 60.3% | 55.7% | 55.1% | 54.6% | 55.3% | 53.1% | 38.2% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $13.53M | $16.60M | $16.52M | $25.93M | $20.70M | $21.11M | $20.41M | $27.77M | $29.41M | $29.87M | $28.22M | $28.24M | $24.16M | $22.63M | $30.34M | $30.06M | $27.16M | $29.24M | $28.14M | $31.54M |
| Operating income | $273.05M | $254.71M | $235.73M | $180.18M | $154.75M | $162.40M | $192.22M | $221.28M | $255.19M | $321.65M | $258.62M | $234.68M | $308.56M | $206.15M | $88.09M | $125.37M | $150.03M | $177.58M | $165.01M | $167.76M |
| Operating margin | 32.9% | 28.4% | 26.8% | 22.4% | 20.4% | 20.5% | 21.8% | 21.5% | 23.1% | 25.0% | 24.8% | 23.6% | 32.1% | 22.2% | 11.2% | 14.8% | 17.5% | 20.1% | 18.0% | 16.5% |
| EBITDA | $484.22M | $596.98M | $228.57M | $724.17M | $415.00M | $445.05M | $514.94M | $756.26M | $1.99B | $987.38M | $1.07B | $570.11M | $583.01M | $580.06M | $155.70M | $540.19M | $454.96M | $190.72M | $326.90M | $404.93M |
| EBITDA margin | 58.4% | 66.6% | 25.9% | 89.9% | 54.7% | 56.2% | 58.4% | 73.5% | 179.7% | 76.7% | 102.5% | 57.4% | 60.7% | 62.5% | 19.8% | 63.7% | 53.0% | 21.6% | 35.6% | 39.9% |
| EBIT | $273.05M | $353.88M | $-49.25M | $446.70M | $154.75M | $162.40M | $192.22M | $379.98M | $1.61B | $522.91M | $719.24M | $228.84M | $255.58M | $242.40M | $-170.36M | $215.79M | $152.48M | $-105.67M | $21.02M | $39.40M |
| Interest expense | $0.00 | $250.13M | $295.07M | $267.05M | $198.04M | $167.25M | $164.39M | $197.25M | $190.69M | $211.94M | $163.68M | $171.78M | $182.96M | $138.25M | $75.55M | $192.68M | $216.85M | $172.92M | $219.99M | $216.34M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $252.36M | $85.81M | $166.05M | $120.74M | $25.19M | $156.87M | $337.43M | $420.09M | $1.50B | $486.07M | $517.00M | $145.37M | $60.02M | $96.82M | $-230.20M | $14.26M | $-66.07M | $-274.06M | $-194.12M | $-197.15M |
| Net income growth (YoY) | — | -66.0% | +93.5% | -27.3% | -79.1% | +522.7% | +115.1% | +24.5% | +256.8% | -67.6% | +6.4% | -71.9% | -58.7% | +61.3% | -337.8% | +106.2% | -563.2% | -314.8% | +29.2% | -1.6% |
| Profit margin | 30.4% | 9.6% | 18.9% | 15.0% | 3.3% | 19.8% | 38.3% | 40.8% | 135.6% | 37.7% | 49.7% | 14.6% | 6.2% | 10.4% | -29.3% | 1.7% | -7.7% | -31.0% | -21.1% | -19.4% |