The Macerich Company (MAC)
The Macerich Company operates in the REIT - Retail industry of the Real Estate sector, headquartered in Santa Monica, CA, US. The stock last traded at $24.65, up 0.49% on the session, giving a market capitalisation of $7.33B. On trailing twelve-month figures it carries a trailing P/E of -37.92, a net margin of -16.8%. Its beta of 2.07 implies it has historically moved more than the broad market.
Macerich operates as a comprehensive, self-managed real estate investment trust (REIT) that independently oversees all aspects of its operations. Its core focus is on the acquisition, leasing, management, development, and revitalization of regional shopping malls throughout the United States. The company currently holds interests in 47 regional retail complexes, representing a total portfolio of 51 million square feet of real estate. Macerich specializes in high-performing retail properties located within America's most sought-after and populous markets, boasting a significant footprint particularly across the West Coast, Arizona, Chicago, and the corridor extending from Metropolitan New York to Washington, D.C. A consistent leader in environmental sustainability, Macerich earned the top GRESB ranking in the North American Retail Sector for an impressive five consecutive years, from 2015 to 2019.
The Macerich Company is most often compared with the following Real Estate names: