Is Macerich (MAC) overvalued or fairly valued?

MarketChacha shows Macerich's valuation in context — a forward P/E of about 229.9, a price-to-book of about 2.7 — 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 $25.29 (-1.4% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

Macerich

MAC · NYSE · Real Estate · United States

$25.29-1.4%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:27 PM

Snapshot

TickerMAC

ExchangeNYSE

SectorReal Estate

IndustryREIT - Retail

CountryUnited States

Employees596

HeadquartersSanta Monica, United States

Market cap$7.8B

P/B2.7

Volume1.22M

Websitewww.macerich.com

Filings tracked7

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 41 million square feet of real estate, consisting primarily of interests in 39 retail centers. The Macerich Company was incorporated in 1964 in Maryland and is based in Santa Monica, California.

Profile as reported by Yahoo Finance.

Who owns it

Insiders0.4%
Institutions96.9%
Public & other2.8%

458 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.16.31%
Vanguard Portfolio Management LLC9.02%
FMR, LLC8.48%
State Street Corporation5.21%
Smead Capital Management, Inc.4.29%
Vanguard Capital Management LLC4.05%
JPMORGAN CHASE & CO2.79%
CenterSquare Investment Management LLC2.57%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

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 $245.9M · EPS -0.03

Est. earnings growth +84.2%

Next fiscal year

Rev $1.0B · EPS 0.11

Est. earnings growth +178.6%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$15.9452-wk range$26.23

Delayed · as reported by Yahoo Finance

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$7.8B

Day change

-1.4%

Fwd P/E

229.9

P/B

2.7

Div yield

2.65%

Beta

2.06

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

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about MAC

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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
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
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

In the news

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