MAC
$22.96-0.56%
Macerich Company (The)Stock · Real EstateUS REITs 0.3%Russell 2000 0.2%US Stock Market 0.010%Russell 3000 0.009%
MAC financial statements
The full income statement, balance sheet, and cash-flow statement for Macerich Company (The) (MAC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 216.0M2024-09 225.5M2024-12 252.5M2025-03 252.6M2025-06 252.8M2025-09 256.1M2025-12 256.7M2026-03 261.4M2026-06 283.6M+31.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.01B+10.4% | 918M+3.9% | 884M+2.9% | 859M+1.4% | 847M+7.8% | ||
| Lease income | 951M+11.8% | 850M+5.1% | 809M+1.1% | 801M+1.7% | 788M+6.4% | |
| Selling, general & administrative | 31.5M+12.1% | 28.1M-3.7% | 29.2M+7.6% | 27.2M-9.6% | 30.1M-0.9% | |
| General & administrative | 31.5M+12.1% | 28.1M-3.7% | 29.2M+7.6% | 27.2M-9.6% | 30.1M-0.9% | |
| Provision for credit losses | 4.63M-24.7% | 6.15M+328.0% | -2.70M-311.4% | -656K+89.7% | -6.39M-114.4% | |
| Interest expense | — | — | — | 217M+12.5% | 193M+155.0% | |
| Net interest income | -284M-28.9% | -220M-27.2% | -173M+20.3% | -217M-12.5% | -193M | |
| Equity-method income | 35.9M+118.2% | -197M-25.8% | -157M-2885.9% | -5.26M-133.5% | 15.7M+158.0% | |
| Income tax | -2.19M-68.7% | -1.30M-163.2% | -494K-170.1% | 705K-89.9% | 6.95M+1654.4% | |
| -197M-1.6% | -194M+29.2% | -274M-314.8% | -66.1M-563.2% | 14.3M+105.8% | ||
| Net income to non-controlling interest | -3.91M-10.3% | -3.54M+12.1% | -4.03M-507.9% | 989K-47.9% | 1.90M+112.5% | |
| Net income to common | -198M-1.5% | -195M+29.1% | -275M-310.8% | -66.9M-599.1% | 13.4M+105.8% | |
| -$0.78+11.4% | -$0.88+31.3% | -$1.28-312.9% | -$0.31-542.9% | $0.07+104.4% | ||
| EPS (basic) | -$0.78+11.4% | -$0.88+31.3% | -$1.28-312.9% | -$0.31-542.9% | $0.07+104.4% | |
| Weighted-avg shares (basic) | 254M+14.6% | 222M+2.9% | 216M+0.2% | 215M+8.6% | 198M+35.4% | |
| Weighted-avg shares (diluted) | 254M+14.6% | 222M+2.9% | 216M+0.2% | 215M+8.6% | 198M+35.4% | |
| Dividends per share | $0.68+0.0% | $0.68+0.0% | $0.68+9.7% | $0.62+3.3% | $0.60-61.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 280M+211.9% | 89.9M-5.3% | 94.9M-5.4% | 100M-10.8% | 112M-75.8% | |
| 8.37B-2.3% | 8.57B+14.0% | 7.51B-7.2% | 8.09B-3.0% | 8.35B-9.1% | ||
| Operating lease right-of-use | 109M-1.9% | 111M-6.4% | 119M-6.3% | 127M+14.4% | 111M-6.5% | |
| Intangible assets | — | — | — | — | 35.6M-26.1% | |
| 5.84B+2.0% | 5.72B+14.8% | 4.99B-3.1% | 5.14B-0.5% | 5.17B-23.3% | ||
| Long-term debt | 5.07B+3.6% | 4.89B+18.3% | 4.14B-2.5% | 4.24B-4.1% | 4.42B-3.0% | |
| Operating lease liability (total) | 67.0M-0.4% | 67.3M-8.3% | 73.4M-10.8% | 82.3M+24.4% | 66.2M-10.4% | |
| Finance lease liability (total) | — | 4.41M-58.4% | 10.6M-15.9% | 12.6M-13.2% | 14.5M-11.3% | |
| 2.45B-11.2% | 2.76B+12.6% | 2.45B-14.6% | 2.87B-5.9% | 3.05B+35.0% | ||
| Common stock | 2.57M+1.7% | 2.53M+17.1% | 2.16M+0.3% | 2.15M+0.2% | 2.15M+43.3% | |
| Additional paid-in capital | 6.22B+1.0% | 6.16B+11.8% | 5.51B+0.1% | 5.51B+0.3% | 5.49B+19.2% | |
| Retained earnings | -3.78B-10.9% | -3.41B-11.2% | -3.06B-15.9% | -2.64B-8.2% | -2.44B-4.4% | |
| Accumulated other comprehensive income | -9.00K+73.5% | -34.0K+96.4% | -952K-250.6% | 632K+2733.3% | -24.0K+99.7% | |
| Non-controlling interest | 78.2M-9.0% | 85.9M+6.6% | 80.6M-3.6% | 83.6M-35.4% | 129M-31.3% | |
| Total equity incl. non-controlling | 2.53B-11.1% | 2.84B+12.5% | 2.53B-14.3% | 2.95B-7.1% | 3.18B+29.9% | |
| Total liabilities & equity | 8.37B-2.3% | 8.57B+14.0% | 7.51B-7.2% | 8.09B-3.0% | 8.35B-9.1% | |
| Common shares issued | 257M+1.6% | 253M+17.1% | 216M+0.3% | 215M+0.2% | 215M+43.4% | |
| Common shares outstanding | 257M+1.6% | 253M+17.1% | 216M+0.3% | 215M+0.2% | 215M+43.4% | |
| Shares outstanding (cover) | 257M+1.7% | 252M+17.0% | 216M+0.3% | 215M+0.2% | 215M+38.6% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 322M+13.5% | 283M-4.1% | 296M-12.4% | 338M+17.9% | 286M+129.4% | ||
| Depreciation & amortization | 368M+20.3% | 306M+3.2% | 296M-2.0% | 302M-6.8% | 324M-0.5% | |
| Share-based compensation | 18.2M+49.8% | 12.1M-7.9% | 13.2M-25.4% | 17.6M+23.6% | 14.3M+3.1% | |
| Deferred income taxes | -2.19M-68.7% | -1.30M-163.2% | -494K-170.1% | 705K-89.9% | 6.95M+86950.0% | |
| Change in receivables | -3.40M+1.2% | -3.44M-872.0% | -354K+94.6% | -6.61M+89.4% | -62.4M-158.9% | |
| -325M-1744.0% | 19.8M-62.3% | 52.5M+3847.6% | -1.40M-100.6% | 235M+215.8% | ||
| Capital expenditure | 267M+56.3% | 171M+265.9% | 46.7M+90.2% | 24.5M | 0.00 | |
| Free cash flow | 54.7M-51.4% | 113M-54.7% | 249M-20.5% | 313M+9.3% | 286M+129.4% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 199M+163.0% | -316M+6.7% | -339M-5.3% | -322M+61.5% | -837M-287.5% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 257M-87.3% | 2.02B+134.4% | 863M+112.6% | 406M-79.9% | 2.02B+5847.2% | |
| Common stock issued | 0.00-100.0% | 657M | 0.00+100.0% | -183K-100.0% | 830M | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 188M+16.7% | 161M+1.3% | 159M-14.5% | 186M+29.9% | 143M-20.2% | |
| Net change in cash | 195M+1625.4% | -12.8M-240.0% | 9.15M-35.4% | 14.2M+104.5% | -316M-185.7% | |
| Interest paid | 208M+11.6% | 186M-2.7% | 192M+6.2% | 180M-11.7% | 204M+2.5% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 4.74B-5.8% | 5.03B+51.3% | 3.32B+37.5% | 2.42B-34.8% | 3.71B+124.5% | |
| P/E | — | — | — | — | 259.9× | |
| P/S | 4.7×-14.7% | 5.5×+44.0% | 3.8×+35.4% | 2.8×-35.7% | 4.4×+108.2% | |
| P/B | 1.9×+6.0% | 1.8×+33.5% | 1.4×+63.8% | 0.8×-31.4% | 1.2×+66.3% | |
| P/FCF | 86.7×+94.0% | 44.7×+238.5% | 13.2×+82.9% | 7.2×-44.3% | 12.9×-2.1% | |
| Earnings yield | — | — | — | — | 0.38% | |
| FCF yield | 1.2%-48.5% | 2.2%-70.5% | 7.6%-45.3% | 13.9%+79.4% | 7.7%+2.2% | |
| Dividend yield | 3.7%+7.9% | 3.4%-22.5% | 4.4%-20.0% | 5.5%+58.6% | 3.5%-76.1% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MAC’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MAC filings on SEC EDGAR → Not investment advice.