25.29
+1.81%
Close of 9 Nov 2026, in USD
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
About Macerich
From its filings with the US Securities and Exchange Commission
Macerich is based in Santa Monica, California and is incorporated in Maryland. Its shares trade on NYSE under the ticker MAC. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 December 2025, it reported revenue of $1.01bn and a net loss of $197.1m. At that date it held total assets of $8.37bn and shareholders' equity of $2.45bn.
Mall Store and Freestanding Store leases generally provide for tenants to pay rent comprised of a base (or "minimum") rent and a percentage rent based on sales. In some cases, tenants pay only minimum rent, and in other cases, tenants pay only percentage rent. The Company generally enters into leases for Mall Stores and Freestanding Stores that also require tenants to pay their pro rata share of property taxes and to pay a stated amount for operating expenses, excluding property taxes, regardless of the expenses the Company actually incurs at any Center. However, certain leases for Mall Stores and Freestanding Stores contain provisions that require tenants to pay their pro rata share of maintenance of the common areas, property taxes, insurance, advertising and other expenditures related to the operations of the Center.
Tenant space of 10,000 square feet and under in the Company's portfolio at December 31, 2025 comprises approximately 60% of all Mall Store and Freestanding Store space. The Company uses tenant spaces of 10,000 square feet and under for comparing rental rate activity because this space is more consistent in terms of shape and configuration and, as such, the Company is able to provide a meaningful comparison of rental rate activity for this space. Mall Store and Freestanding Store space greater than 10,000 square feet is inconsistent in size and configuration throughout the Company's portfolio and as a result does not lend itself to a meaningful comparison of rental rate activity with the Company's other space.
Quoted from its 10-K, filed 20 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 10 Mar 1994
- Employees
- 596
- Website
- macerich.com ↗
- Head office
- 401 WILSHIRE BLVD, SANTA MONICA, CA, 90401
- Incorporated in
- MD
- Classification
- Real Estate Investment Trusts
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Steven HashIndependent Chairman of the Board$406,739
- Mr. Jackson HsiehPresident, Chief Executive Officer, Director, since 2024$14.4m
- Mr. Daniel SwanstromChief Financial Officer, Senior Executive Vice President, Treasurer$2.0m
- Ms. Ann MenardSenior Executive Vice President, Chief Legal Officer, Secretary$3.3m
- Mr. Douglas HealeySenior Executive Vice President, Head - Leasing$3.0m
- Mr. Enrique HernandezIndependent Director$217,497
- Mr. Daniel HirschIndependent Director$242,497
- Ms. Diana LaingIndependent Director$151,899
- Ms. Marianne LowenthalIndependent Director$219,997
- Mr. Devin MurphyIndependent Director
- Ms. Andrea StephenIndependent Director$271,307
- Ms. Samantha GreeningAssistant Vice President, Investor Relations, since 2023
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 90
- Environment
- 99
- Social
- 99
- Governance
- 71
- Direct emissions (scope 1)
- 28,470 t
- Energy emissions (scope 2)
- 44,189 t
- Value chain emissions (scope 3)
- 188,594 t
- Women in the workforce
- 58%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Macerich Co boasts a significant market presence with a diverse portfolio of high-quality retail properties across the United States. This positions the company with a competitive advantage in attracting tenants and generating stable rental income.
- Macerich Co has established itself as a reputable and well-known brand in the real estate industry. The company's strong brand recognition enhances its ability to attract new partners, investors, and tenants, while also instilling trust and confidence among stakeholders.
- With decades of experience in the real estate sector, Macerich Co possesses a deep understanding of market trends, consumer preferences, and property management strategies. This expertise allows the company to make informed decisions, adapt to changing market conditions, and maximize returns on investments.
Weaknesses
- Macerich Co's significant exposure to the retail sector can be seen as a weakness in an era of evolving consumer behavior and the rise of e-commerce. This reliance on traditional brick-and-mortar retail carries inherent risks, such as tenant bankruptcies and vacancies, which may impact the company's profitability.
- Macerich Co carries a substantial amount of debt, which can limit its financial flexibility. High interest expenses and debt service obligations may reduce the company's ability to invest in new properties, undertake capital projects, or respond to market changes effectively.
- The performance of Macerich Co's properties is susceptible to economic fluctuations, as consumer spending habits and retail sales directly impact rental incomes. Economic downturns or recessions can lead to reduced consumer confidence and lower tenant demand, potentially affecting the company's financial performance.
Opportunities
- Macerich Co can explore opportunities to acquire new properties or strategically expand its existing portfolio. This allows the company to diversify its revenue streams, enter new markets, and target emerging retail trends (e.g., experiential retail, mixed-use developments) that might offer higher growth potential.
- Embracing technology advancements, such as using data analytics, digital marketing, and online platforms, can enhance Macerich Co's customer engagement, optimize operations, and improve tenant experiences. Integrating technology may also enable the company to adapt to e-commerce trends and fulfill the changing needs of modern retailers.
- Macerich Co can seize the opportunity to incorporate sustainable practices across its portfolio, making its properties more energy-efficient and environmentally friendly. Emphasizing sustainability not only aligns with increasing consumer preferences but can also lead to cost savings and long-term value creation.
Threats
- The real estate industry, particularly the retail sector, is highly competitive. Macerich Co faces competition from various property developers and landlords vying for tenants and attracting investment. Intense competition can affect occupancy rates, rental pricing, and overall profitability.
- Changes in regulations, zoning laws, and political environments at local, state, or national levels can impact Macerich Co's ability to develop, renovate, or operate its properties. Compliance with evolving legal frameworks and potential policy shifts poses a threat to the company's operations and profitability.
- The continued growth of e-commerce and technological advancements pose a threat to Macerich Co's traditional brick-and-mortar retail properties. Changes in consumer behavior and preferences may lead to reduced foot traffic and lower demand for physical retail spaces, potentially impacting the company's revenues and property valuations.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.