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MAC - The Macerich Company

NYSE -> Real Estate -> REIT—Retail
Santa Monica, United States
Type: Equity

MAC price evolution
MAC
(in millions $) 31 Jan 2024 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $190.29 $208.13 $184.8 $205.69
Short term investments
Net receivables $188.23 $158.83 $167.75 $168.67
Inventory
Total current assets $283.17 $271 $260.21 $280.85
Long term investments
Property, plant & equipment $6019.15 $6070.5 $6262.38 $6216.05
Goodwill & intangible assets
Total noncurrent assets
Total investments $852.76 $918.54 $1034.18 $1088.91
Total assets $7513.51 $7588.1 $7894.59 $7917.51
Current liabilities
Accounts payable $64.19 $73.92 $57 $59.56
Deferred revenue
Short long term debt
Total current liabilities $482.93 $411 $392.63 $392.97
Long term debt $4328.2 $4433 $4445.75 $4418.72
Total noncurrent liabilities
Total debt $4412.19 $4508.4 $4522.51 $4498.71
Total liabilities $5066.49 $5089.73 $5085.55 $5062.1
Shareholders' equity
Retained earnings -$3063.79 -$3089.3 -$2790.1 -$2738.53
Other shareholder equity -$0.95 $0.56 $1.1 $0.75
Total shareholder equity $2447.02 $2432.44 $2731.4 $2775.89
(in millions $) 31 Jan 2024 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $190.29 $181.14 $166.97 $482.66
Short term investments
Net receivables $188.23 $186.89 $211.36 $240.81
Inventory
Total current assets $283.17 $287.21 $323.81 $706
Long term investments
Property, plant & equipment $6019.15 $6254.4 $6394.84 $6812.93
Goodwill & intangible assets
Total noncurrent assets
Total investments $852.76 $1224.29 $1317.57 $1340.65
Total assets $7513.51 $8094.14 $8345.66 $9184
Current liabilities
Accounts payable $64.19 $63.11 $59.55 $68.83
Deferred revenue
Short long term debt
Total current liabilities $424.64 $476.76 $317.81 $370
Long term debt $4338.81 $4546.93 $4661.88 $6172.73
Total noncurrent liabilities
Total debt $4412.19 $4641.85 $4728.06 $6262.94
Total liabilities $4985.91 $5228.37 $5169.51 $6738.74
Shareholders' equity
Retained earnings -$3063.79 -$2643.09 -$2443.7 -$2339.62
Other shareholder equity -$0.95 $0.63 -$0.02 -$8.21
Total shareholder equity $2447.02 $2865.77 $3046.87 $2257.05
(in millions $) 31 Jan 2024 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $238.69 $218.15 $212.37 $214.85
Cost of revenue $101.65 $95.83 $99.04
Gross Profit $140.32 $116.5 $116.54 $115.81
Operating activities
Research & development
Selling, general & administrative $5.91 $8.8 $6.98
Total operating expenses $77.31 $225.95 $68.91 $74.65
Operating income -$109.45 $47.63 $41.16
Income from continuing operations
EBIT -$207.5 $40.11 -$21.19
Income tax expense -$0.66 $1.67 $0.37 -$1.88
Interest expense -$6.12 $53.38 $54.7 $39.42
Net income
Net income $62.18 -$262.55 -$14.96 -$58.73
Income (for common shares) -$262.55 -$14.96 -$58.73
(in millions $) 31 Dec 2023 31 Dec 2022 31 Jan 2022 31 Dec 2020
Revenue
Total revenue $884.07 $859.16 $786.03
Cost of revenue $394.89 $390.35 $347.98
Gross Profit $489.18 $468.81 $438.05
Operating activities
Research & development
Selling, general & administrative $29.24 $27.16 $30.34
Total operating expenses $446.12 $311.08 $418.07
Operating income $43.06 $157.73 $19.98
Income from continuing operations
EBIT -$101.64 $151.49 -$155.1
Income tax expense -$0.49 $0.7 -$0.45
Interest expense $172.92 $216.85 $75.55
Net income
Net income -$274.06 -$66.07 -$230.2
Income (for common shares) -$274.06 -$66.07 -$230.2
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $62.18 -$262.55 -$14.96 -$58.73
Operating activities
Depreciation $72.66 $74.4 $74.3 $75.03
Business acquisitions & disposals $63.17 $7.71 -$0.41 $149.23
Stock-based compensation $2.29 $1.01 $4.97 $4.89
Total cash flows from operations $49.38 $107.4 $57.99 $80.73
Investing activities
Capital expenditures -$52.03 -$32.38 -$79.91 -$34.86
Investments $3.5
Total cash flows from investing $20.23 -$26.6 -$59.25 $118.17
Financing activities
Dividends paid -$39.16 -$38.99 -$39.33 -$41.81
Sale and purchase of stock $0.59 -$0.32 $0.96
Net borrowings -$48.78 -$5.79 $21.98 -$119.26
Total cash flows from financing -$87.45 -$57.47 -$19.63 -$174.34
Effect of exchange rate
Change in cash and equivalents -$17.84 $23.33 -$20.89 $24.55
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income -$274.06 -$66.07 $14.26 -$230.2
Operating activities
Depreciation $296.39 $302.48 $324.4 $326.06
Business acquisitions & disposals $219.7 $70.59 $7.08 -$148.23
Stock-based compensation $13.17 $17.64 $14.27 $13.84
Total cash flows from operations $295.5 $337.51 $286.37 $124.84
Investing activities
Capital expenditures -$199.19 -$119.34 -$108.21 -$68.3
Investments $3.5 $1.3
Total cash flows from investing $52.54 -$1.4 $234.97 -$202.85
Financing activities
Dividends paid -$159.29 -$186.33 -$143.45 -$179.86
Sale and purchase of stock $1.22 $1.56 $831.59 $1.53
Net borrowings -$151.84 -$131 -$1502.24 $628.61
Total cash flows from financing -$338.89 -$321.94 -$837.02 $446.45
Effect of exchange rate
Change in cash and equivalents $9.15 $14.17 -$315.69 $368.44
Fundamentals
Market cap $3.72B
Enterprise value $7.94B
Shares outstanding 215.98M
Revenue $884.07M
EBITDA N/A
EBIT N/A
Net Income -$274.06M
Revenue Q/Q 4.58%
Revenue Y/Y 2.90%
P/E ratio -13.58
EV/Sales 8.98
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio 4.21
P/B ratio 1.52
Book/Share 11.33
Cash/Share 0.88
EPS -$1.27
ROA -3.55%
ROE -10.55%
Debt/Equity 2.04
Net debt/EBITDA N/A
Current ratio 0.59
Quick ratio 0.59