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Companies / Real Estate / MACERICH CO
MAC

MACERICH CO

Real EstateREITs
Ticker MACSANTA MONICA, CAFiscal year ends DecemberBook value per share $10.63Diluted shares 265.9M

The Macerich Company (NYSE: MAC) is a self-administered and self-managed real estate investment trust engaged in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers throughout the United States. The company operates through The Macerich Partnership,… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.01B
+10.4% year over year
Last 12 mo $1.01B
0.00%
$-201.06M
−1.7% year over year
Last 12 mo $-172.11M
-8.05%
−1 percentage points
Last 12 mo -6.00%
Cash & financing
$321.60M
+13.5% year over year
Last 12 mo $306.84M
$255.19M
+13.4% year over year
Last 12 mo $204.24M
2.07
Was 1.81× a year earlier
Last 12 mo 1.71
254.2M
+14.6% year over year
Last 12 mo 265.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What MACERICH CO does

In the company’s own words

The Macerich Company (NYSE: MAC) is a self-administered and self-managed real estate investment trust engaged in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers throughout the United States. The company operates through The Macerich Partnership, L.P., a Delaware limited partnership in which it serves as sole general partner and majority owner, along with several management companies providing integrated real estate services.

As of December 31, 2025, the company's portfolio comprises 38 shopping centers totaling approximately 39 million square feet of gross leasable area. The portfolio includes 37 regional retail centers, which typically exceed 400,000 square feet and are anchored by multiple department or large retail stores, plus one community/power shopping center. These centers average approximately one million square feet each and range from 205,000 to 3.3 million square feet. The portfolio contains approximately 127 anchor tenants occupying roughly 18.3 million square feet and approximately 4,600 mall stores and freestanding stores occupying approximately 19.2 million square feet.

The company's centers derive approximately 73 percent of total rents from mall stores and freestanding stores under 10,000 square feet, with the remaining 27 percent from big box and anchor tenants. Major tenants include Dick's Sporting Goods, Victoria's Secret & Co., Signet Jewelers Limited, Abercrombie & Fitch Co., The Gap Inc., LVMH Inc., Primark US Corp, AE Outfitters Retail Co., H&M Hennes & Mauritz L.P., and Zara USA Inc.

The company employs approximately 598 full-time and part-time employees with an average tenure of 10.9 years. The company's strategy, known as the Path Forward Plan, focuses on deleveraging the capital structure, investing in key assets, consolidating selected joint ventures, improving operational efficiency and positioning for strategic acquisitions and development opportunities. The company maintains a go-forward portfolio of 26 core centers identified for long-term retention and growth. Additional information is available at www.macerich.com.

Company details
Sector
Real Estate
Industry
REITs
Headquarters
SANTA MONICA, CA
Fiscal year end
December
CIK
912242
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-466.60M$98.91M$664.42M$1.23B$1.80B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns MACERICH CO — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

349
funds hold it
1 of 35
superinvestors hold it
$3.62B
held by funds, at market
53.3%
of shares held by funds

Superinvestors in MACERICH CO · what they did last quarter

Bill SmeadDECREASED -5.5%
Smead Capital Management
6.2%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · MACERICH CO’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.39%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
Smead Value Fund
SMVLX · Smead Funds Trust
5.52%of fund net assets
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
0.30%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.22%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • How do MACERICH CO and its peers compare on margins and cash generation over ten years?
  • Where did five years of MACERICH CO's earnings go — cash, debt, buybacks, reinvestment?
  • What changed in MACERICH CO's last four quarterly filings that the numbers alone won't show?
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