The Macerich Company (MAC)
The Macerich Company: This 3.1% REIT Is Executing, But The Price Already Reflects It
The Macerich Company (MAC) is up 21% YTD but remains 16% below its 52-week high, with a 'Hold' rating justified by valuation and leverage concerns. MAC's go-forward portfolio is 90% Class A assets, with strong leasing momentum and a robust signed-not-open pipeline supporting 6.5% NOI CAGR guidance through 2028. Leverage has improved to 6.83x pro forma, but remains elevated versus peers, with significant debt maturities and refinancing risks through 2028.
The Macerich Company (MAC) Presents at BofA NY Global Real Estate Conference 2026 Transcript
The Macerich Company (MAC) Presents at BofA NY Global Real Estate Conference 2026 Transcript
Why Is Macerich (MAC) Down 7.8% Since Last Earnings Report?
Macerich (MAC) reported earnings 30 days ago. What's next for the stock?
Macerich's Q2 FFO & Revenues Beat Estimates on Strong Portfolio NOI
MAC's Q2 FFO and revenues top estimates as stronger portfolio NOI, occupancy gains and tenant demand fuel growth.
Macerich Q2 Earnings Call Highlights
Macerich NYSE: MAC reported second-quarter funds from operations, as adjusted, of $0.35 per diluted share and said its go-forward portfolio net operating income increased 3.8% from a year earlier, as the mall operator continued to execute its “Path Forward” plan centered on leasing, portfolio simplification and debt reduction.
The Macerich Company (MAC) Q2 2026 Earnings Call Transcript
The Macerich Company (MAC) Q2 2026 Earnings Call Transcript
Macerich (MAC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Macerich (MAC) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Macerich (MAC) Surpasses Q2 FFO and Revenue Estimates
Macerich (MAC) came out with quarterly funds from operations (FFO) of $0.35 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to FFO of $0.32 per share a year ago.
Macerich: Growth Story Hobbled By Debt
Macerich is undergoing a major transformation, focusing on high-performing Class A malls and targeting Gen Z consumers for future growth. Despite impressive portfolio streamlining and leasing momentum, MAC remains constrained by high debt levels, elevated interest rates, and a below-average dividend yield. FFO per share is forecast to grow 11.3% in 2026 and 11.9% in 2027, with acquisitions and dispositions expected to balance out in 2026.
MAC Trends to Watch as Redevelopment and Demand Reshape Growth
Macerich benefits from demand for Class A mall space as redevelopments, anchor reuse and selective acquisitions aim to lift growth despite digital and tenant pressures.
MAC Stock Faces Key Test as Leasing Pipeline Drives Future NOI Growth
Macerich's leasing pipeline to add roughly $116M in gross revenues and lift NOI through 2028, but leverage and tenant churn remain key hurdles.
Is Macerich Stock Worth Buying Near Fair Value With Risks Ahead Now?
MAC surges 58.4% in a year as leasing and occupancy improve, but fair valuation, high leverage and limited upside complicate the buying case.
