Is Macerich (MAC) overvalued or fairly valued?

MarketChacha shows Macerich's valuation in context — a forward P/E of about 608.3, a price-to-book of about 2.4 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Macerich's revenue?

Macerich reported revenue of $1.0B for FY2025, with net profit of $-197.1M, per official filings.

What is the share price of Macerich (MAC)?

Macerich last traded at $24.33 (-0.3% on the day), as of 8/10/2026 — a delayed quote shown for education, not investment advice.

Macerich

MAC · NYSE · Real Estate · United States

Snapshot

TickerMAC

ExchangeNYSE

SectorReal Estate

IndustryREIT - Retail

CountryUnited States

Employees596

HeadquartersSanta Monica, United States

Websitewww.macerich.com

Filings tracked20

About Macerich

The Macerich Company is a fully integrated, self-managed, self-administered real estate investment trust (REIT). As a leading owner, operator, and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns approximately 40 million square feet of real estate, consisting primarily of interests in 38 retail centers. The Macerich Company was incorporated in 1964 in Maryland and is based in Santa Monica, California.

Who owns it

Insiders0.4%
Institutions99.6%
Public & other0.0%

469 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.19.30%
Vanguard Portfolio Management LLC9.02%
FMR, LLC8.48%
State Street Corporation5.76%
Smead Capital Management, Inc.4.29%
Vanguard Capital Management LLC4.05%
CenterSquare Investment Management LLC3.17%
JPMORGAN CHASE & CO2.79%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Latest ROE of -8.1% is on the low side — the business earns a modest return on shareholder capital.

Net margin trend-31.0% → -19.4%

Margin has expanded by about 11.6 points — the business is getting more profitable.

Return on equity-8.1%

Latest ROE of -8.1% is on the low side — the business earns a modest return on shareholder capital.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $269.2M · EPS 0.09

Est. earnings growth +189.1%

Next fiscal year

Rev $1.0B · EPS 0.04

Est. earnings growth +123.1%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$1.0B

Net margin

-19.4%

ROE

-8.1%

Revenue CAGR (2y)

+7.1%

EPS (FY2025)

-0.78

Net profit (FY2025)

$-197.1M

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$1.0B	$-197.1M	-0.78	-19.4%	-8.1%
FY2024	$918.2M	$-194.1M	-0.88	-21.1%	-7.0%
FY2023	$884.1M	$-274.1M	-1.28	-31.0%	-11.2%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$249.7M	$-27.1M	-0.10	-10.8%
2026Q1	$241.5M	$-36.4M	-0.14	-15.0%
2025Q3	$253.3M	$-87.4M	-0.34	-34.5%
2025Q2	$249.8M	$-40.9M	-0.16	-16.4%
2025Q1	$249.2M	$-50.1M	-0.20	-20.1%
2024Q3	$220.2M	$-108.2M	-0.50	-49.1%
2024Q2	$215.5M	$252.0M*	1.16	—
2024Q1	$208.8M	$-126.7M	-0.59	-60.7%
2023Q3	$218.2M	$-262.5M	-1.22	-120.4%
2023Q2	$212.4M	$-15.0M	-0.07	-7.0%
2023Q1	$214.9M	$-58.7M	-0.27	-27.3%

* Net profit includes one-off / non-operating items (e.g. a settlement or accounting gain), so it doesn’t reflect operating performance — net margin is hidden for that period.

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Other events, Exhibits
SEC8/5/2026material
10-Q filing
SEC8/5/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC8/4/2026material
8-K — Other events
SEC6/29/2026material
8-K — Other events, Exhibits
SEC6/17/2026material
8-K — Shareholder vote results
SEC6/3/2026material
8-K — Reg FD disclosure, Exhibits
SEC6/1/2026material
8-K — Other events, Exhibits
SEC5/13/2026material
10-Q filing
SEC5/7/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC5/6/2026material
8-K — Reg FD disclosure, Exhibits
SEC3/2/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC2/26/2026material
10-K filing
SEC2/20/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC2/18/2026material

2025

8-K — Reg FD disclosure, Exhibits
SEC12/8/2025material
10-Q filing
SEC11/5/2025
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC11/4/2025material
8-K — Other events
SEC8/21/2025material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC8/11/2025material
10-Q filing
SEC8/11/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.