US · USD
MAC
Macerich Company
- Day's range
- $22.34 – $22.96
- Day's volume
- $28.2M
- 52-week range
- $15.68 – $26.31
Follow MAC in the Fuolio
See how MAC weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountMAC in numbers
- Market cap
- $6.4B
- P/E
- -37.32
- P/B
- 2.24
- Dividend yield (12m)
- 3.05%
The 12-month dividend yield of MAC is 3.05%, below its 5-year average of 4.10%.
MAC price history
MAC risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +32.73% | +115.43% | +46.29% |
| Volatility (annualized) | 25.64% | 33.97% | 43.74% |
| Largest drawdown | -13.03% | -30.24% | -56.41% |
| Positive months | 8/12 | 25/36 | 33/60 |
How much did investing in MAC return?
$1,000.00 invested on 11/01/2021 would be worth $1,462.86 today.
- Value today in MAC
- $1,462.86
- Return over the period
- +46.29%
- Return per year
- +8.02%
- In the S&P 500
- $1,708.36
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
MAC fundamentals
Valuation
- P/E-37.32
- P/B2.24
- EV/EBITDA—
- EV/EBIT—
- EV/Revenue10.91
- P/EBIT—
- P/S6.32
- P/OCF20.72
- P/FCF—
- Earnings yield—
- PEG ratio—
- Earnings per share-$0.60
- Book value per share$9.97
Debt
- Net debt$4.6B
- Net debt/EBITDA—
- Net debt/Equity1.63
- Debt/Equity1.71
- Current ratio—
- Quick ratio—
- Cash ratio—
Efficiency
- Gross margin—
- EBITDA margin—
- Operating margin—
- Net margin-16.84%
- Asset turnover0.12
Profitability
- ROE-6.00%
- ROA-1.99%
- ROIC—
- Payout—
Growth
- Revenue CAGR (5 years)5.05%
- Earnings CAGR (5 years)—
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is MAC's fair price?
Two classic value formulas, with today's numbers. The current price is $22.31.
- Graham's fair price
- —
- Does not apply to MAC: the formula needs positive earnings and book value.
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- $10.87
- 51.28% below the price
$0.65 (5-year average) ÷ 6%
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
MAC's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | -24.04 | -25.79 | -12.14 | -36.63 | 259.22 | -7.17 | 39.29 | — |
| P/B | 1.93 | 1.82 | 1.36 | 0.84 | 1.22 | 0.73 | 1.45 | 2.07 |
| Dividend yield | 3.68% | 3.41% | 4.41% | 5.51% | 3.47% | 10.78% | 11.14% | 6.86% |
| Earnings per share | -$0.77 | -$0.77 | -$1.27 | -$0.31 | $0.07 | -$1.49 | $0.69 | — |
| Book value per share | $9.54 | $10.92 | $11.34 | $13.33 | $14.20 | $14.58 | $18.63 | $20.90 |
| ROE | -8.05% | -7.07% | -11.20% | -2.31% | 0.47% | -10.20% | 3.68% | — |
| Net margin | -19.44% | -21.24% | -31.00% | -7.69% | 1.69% | -29.29% | 10.44% | — |
MAC's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $1B | $918.2M | $884.1M | $859.2M | $847.4M | $786M |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — |
| EBIT | — | — | — | — | — | — |
| Financial result | — | — | — | — | — | — |
| Income before tax | — | — | — | — | — | — |
| Income tax | $2.2M | $1.3M | $494K | -$705K | -$6.9M | $447K |
| Net income | -$197.1M | -$195M | -$274.1M | -$66.1M | $14.3M | -$230.2M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does MAC pay dividends?
Dividend yield per year
- 4.37%2017
- 6.86%2018
- 11.14%2019
- 10.78%2020
- 3.47%2021
- 5.51%2022
- 4.41%2023
- 3.41%2024
- 3.68%2025
- 2.27%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 09/11/2026 | 09/28/2026 | $0.17 |
| Dividend | 06/12/2026 | 06/29/2026 | $0.17 |
| Dividend | 03/13/2026 | 03/30/2026 | $0.17 |
| Dividend | 12/12/2025 | 12/29/2025 | $0.17 |
| Dividend | 09/08/2025 | 09/23/2025 | $0.17 |
| Dividend | 06/02/2025 | 06/17/2025 | $0.17 |
| Dividend | 03/03/2025 | 03/18/2025 | $0.17 |
| Dividend | 11/11/2024 | 12/02/2024 | $0.17 |
| Dividend | 08/16/2024 | 09/09/2024 | $0.17 |
| Dividend | 05/16/2024 | 06/03/2024 | $0.17 |
| Dividend | 02/14/2024 | 03/04/2024 | $0.17 |
| Dividend | 11/07/2023 | 12/01/2023 | $0.17 |
See all 40 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 08/16/2023 | 09/08/2023 | $0.17 |
| Dividend | 05/17/2023 | 06/02/2023 | $0.17 |
| Dividend | 02/15/2023 | 03/03/2023 | $0.17 |
| Dividend | 11/07/2022 | 12/02/2022 | $0.17 |
| Dividend | 08/17/2022 | 09/08/2022 | $0.15 |
| Dividend | 05/18/2022 | 06/03/2022 | $0.15 |
| Dividend | 02/16/2022 | 03/03/2022 | $0.15 |
| Dividend | 11/05/2021 | 12/03/2021 | $0.15 |
| Dividend | 08/17/2021 | 09/08/2021 | $0.15 |
| Dividend | 05/05/2021 | 06/03/2021 | $0.15 |
| Dividend | 02/17/2021 | 03/03/2021 | $0.15 |
| Dividend | 11/05/2020 | 12/03/2020 | $0.15 |
| Dividend | 08/17/2020 | 09/08/2020 | $0.15 |
| Dividend | 04/20/2020 | 06/03/2020 | $0.10 |
| Dividend | 02/19/2020 | 03/03/2020 | $0.75 |
| Dividend | 11/06/2019 | 12/03/2019 | $0.75 |
| Dividend | 08/15/2019 | 09/06/2019 | $0.75 |
| Dividend | 05/06/2019 | 06/03/2019 | $0.75 |
| Dividend | 02/19/2019 | 03/01/2019 | $0.75 |
| Dividend | 11/07/2018 | 12/03/2018 | $0.75 |
| Dividend | 08/15/2018 | 09/07/2018 | $0.74 |
| Dividend | 05/04/2018 | 06/01/2018 | $0.74 |
| Dividend | 02/19/2018 | 03/02/2018 | $0.74 |
| Dividend | 11/08/2017 | 12/01/2017 | $0.74 |
| Dividend | 08/15/2017 | 09/07/2017 | $0.71 |
| Dividend | 05/02/2017 | 06/02/2017 | $0.71 |
| Dividend | 02/15/2017 | 03/03/2017 | $0.71 |
| Dividend | 11/07/2016 | 12/02/2016 | $0.71 |
About Macerich Company
- Sector
- Finance, insurance and real estate
Questions about MAC
How much is MAC today?
MAC is at $22.31 (-2.81% on the day), last traded on 10/07/2026.
How much did MAC pay in dividends in 2025?
MAC paid $0.68 per share in 2025, a dividend yield of 3.68%.
What are the P/E and P/B of MAC?
MAC trades at a P/E of -37.32 and a P/B of 2.24.
How much did MAC return in 12 months?
MAC returned 32.73% in 12 months, with annualized volatility of 25.64% and a largest drawdown of -13.03%.