The Macerich Company
MACMacerich prices 14 million-share underwritten public offering of common stock at $23.90 per share via forward sale agreements
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $918.20M | $884.07M | $859.16M | $847.44M | $786.03M | $927.46M | $960.35M | $993.66M |
| Cost of Revenue | $430.27M | $394.89M | $390.35M | $380.88M | $347.98M | $367.95M | $381.00M | $395.31M |
| Gross Profit | $487.94M | $489.18M | $468.81M | $466.55M | $438.05M | $559.51M | $579.35M | $598.35M |
| Gross Margin | 53.14% | 55.33% | 54.57% | 55.05% | 55.73% | 60.33% | 60.33% | 60.22% |
| Operating Expenses | $322.93M | $311.60M | $318.78M | $341.19M | $349.96M | $353.36M | $270.78M | $363.67M |
| Operating Income | $165.01M | $177.58M | $150.03M | $125.37M | $88.09M | $206.15M | $308.56M | $234.68M |
| Operating Margin | 17.97% | 20.09% | 17.46% | 14.79% | 11.21% | 22.23% | 32.13% | 23.62% |
| Net Income | $-194.12M | $-274.06M | $-66.07M | $14.26M | $-230.20M | $96.82M | $60.02M | $145.37M |
| Net Margin | -21.14% | -31.00% | -7.69% | 1.68% | -29.29% | 10.44% | 6.25% | 14.63% |
| EPS (Basic) | $-0.79 | $-1.28 | $-0.31 | $0.07 | $-1.58 | $0.68 | $0.43 | $1.04 |
| EBITDA | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Stock Option Compensation Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Earnings Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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About the company
Macerich operates as a comprehensive, self-managed real estate investment trust (REIT) that independently oversees all aspects of its operations. Its core focus is on the acquisition, leasing, management, development, and revitalization of regional shopping malls throughout the United States. The company currently holds interests in 47 regional retail complexes, representing a total portfolio of 51 million square feet of real estate. Macerich specializes in high-performing retail properties located within America's most sought-after and populous markets, boasting a significant footprint particularly across the West Coast, Arizona, Chicago, and the corridor extending from Metropolitan New York to Washington, D.C. A consistent leader in environmental sustainability, Macerich earned the top GRESB ranking in the North American Retail Sector for an impressive five consecutive years, from 2015 to 2019.