MAC: Path Forward Plan And Financing Moves Will Guide Balanced Repricing Potential
Macerich's fair value has increased to $26.63, driven by ongoing leasing progress, execution of its "Path Forward Plan," and recent financing activities including a senior notes offering and equity raise. Analysts present a mixed but generally constructive view, highlighting growth potential from acquisitions and balance sheet deleveraging, while also noting concerns about valuation reflecting progress and potential short-term dilution from the equity raise.
BofA Securities Maintains Macerich Co(MAC.US) With Buy Rating
BofA Securities has maintained its Buy rating on Macerich Co (MAC.US). The report indicates a positive outlook for the company's stock from the analyst firm.
Macerich Company (The) (NYSE:MAC) Given Average Rating of "Moderate Buy" by Analysts
Macerich Company (NYSE: MAC) has received an average "Moderate Buy" rating from sixteen analysts, with an average 12-month price target of $25.73. The company recently reported quarterly revenue of $249.71 million, surpassing estimates, but posted a wider-than-expected adjusted loss of $0.10 per share. Macerich also declared a quarterly dividend of $0.17 per share, representing a 2.8% yield, and institutional investors hold 87.38% of its shares.
United States - Macerich Closes Upsized $775 Million Exchangeable Notes Offering With Capped Call
Macerich's operating partnership, The Macerich Partnership, L.P., successfully closed an upsized $775 million offering of 2.25% Exchangeable Senior Notes due 2031. The offering, advised by Goodwin’s REITs team, included a full exercise of the initial purchasers' option for additional notes, and the initial exchange price features a premium of approximately 25% from the reference price. Capped call transactions were also entered into to mitigate equity dilution, effectively raising the initial exchange price to $34.06 per share, a 45% premium.
Macerich Company (The) (MAC) Stock Forecasts
Argus has lowered its target price for The Macerich Company (MAC) to $26.00, with the company's current price at $24.65. Macerich is a real estate company that invests in premium mall assets, owning 29 regional malls in its consolidated portfolio and 10 in its unconsolidated portfolio, along with other real estate holdings. The full report is available exclusively to Yahoo Finance Silver subscribers.
Macerich (MAC) On Shelf Filing News And Why The Stock Still Looks Fully Valued
Macerich (MAC) has filed an omnibus shelf registration, providing flexible access to capital after a strong year-to-date stock performance of 33.10%. While the most popular narrative suggests the stock is 4.3% undervalued with a fair value of $25.75, implying a tight valuation gap, the article cautions that high leverage and exposure to challenging brick-and-mortar markets could undermine this optimistic outlook. Investors are advised to review the evidence carefully to weigh the positives and risks associated with Macerich's current valuation.
Macerich (MAC) On Shelf Filing News And Why The Stock Still Looks Fully Valued
Macerich (MAC) has filed an omnibus shelf registration, providing flexible access to capital after a strong stock performance. Despite a most popular narrative suggesting it is 4.3% undervalued with a fair value of $25.75, the article highlights risks associated with high leverage and exposure to challenged brick-and-mortar markets. Investors are encouraged to review the evidence independently, considering both optimistic and cautionary perspectives on the stock's future.
Fashion Outlets of Chicago reverses pay-to-park policy at suburban mall
The Fashion Outlets of Chicago has reversed its pay-to-park policy following significant backlash from shoppers and retailers. The mall, owned by Macerich, will now offer free parking for the first three hours to all guests, without requiring a purchase or validation. This change aims
MAC Maintained by Citigroup -- Price Target Raised to $29
Citigroup analyst Nick Joseph has maintained a Buy rating for Macerich (MAC) and increased the price target from $28.00 to $29.00. Despite this positive outlook, GuruFocus's GF Value™ indicates that MAC is significantly overvalued by 58.6%, with a GF Score™ of 59/100 suggesting average performance. Investors are advised to exercise caution due to the overvaluation and mixed sentiment among institutional investors.
Macerich Prices $675 Million Exchangeable Senior Notes Offering
The Macerich Company's operating partnership, The Macerich Partnership, L.P., has priced an offering of $675 million in exchangeable senior notes. Skadden advised the initial purchasers involved in this financial transaction. Details regarding the full scope of the offering are behind a membership paywall.
Quantinno Capital Management LP Has $2.66 Million Stock Position in Macerich Company (The) $MAC
Quantinno Capital Management LP significantly increased its stake in Macerich Company (NYSE: MAC) by 165.6% in the first quarter, now holding 140,543 shares valued at approximately $2.66 million. Institutional investors collectively own 87.38% of the REIT. Macerich holds a consensus "Moderate Buy" rating from analysts with an average price target of $25.67, and the company recently declared a quarterly dividend of $0.17 per share, yielding 2.8% annualized.
Is Macerich (MAC) Using New Exchangeable Notes to Quietly Redefine Its Balance Sheet Strategy?
Macerich's operating partnership recently issued US$675 million in exchangeable senior notes and US$600 million in fixed-rate convertible notes, alongside a dividend declaration. These actions indicate a strategic shift in its capital structure, moving from secured to unsecured debt to enhance financial flexibility and refinance existing secured borrowings. The primary goal is to address the company's high leverage and dependency on capital markets, with analysts offering varying perspectives on the future financial health and fair value of Macerich.
Wealth Science Advisors LLC Takes Position in Macerich Company (The) $MAC
Wealth Science Advisors LLC has acquired a new position in Macerich Company (MAC), purchasing 41,731 shares valued at approximately $1.05 million. Other institutional investors have also adjusted their holdings in MAC, with hedge funds and institutional investors collectively owning 87.38% of the stock. Analysts generally view Macerich favorably, with a "Moderate Buy" consensus rating and an average price target of $25.67, despite the company missing EPS expectations in its last quarterly report.
Macerich prices $675 million exchangeable notes offering By Investing.com
The Macerich Partnership, L.P., operating as The Macerich Company (NYSE:MAC), has priced an offering of $675 million in 2.25% exchangeable senior notes due 2031, an increase from the initial $600 million. The notes will be guaranteed by The Macerich Company and are set to settle on August 11, 2026. Proceeds will be used for capped call transactions, refinancing existing secured debt, and general corporate purposes.
Macerich Stock Rises As Q2 Beat Triggers Target Hikes
Macerich Company's stock (MAC) rose by 5.92% after reporting a strong Q2 performance, with adjusted FFO and revenue beating consensus estimates. Analysts at Mizuho and Piper Sandler raised their price targets for the retail real estate REIT, signaling improved sentiment and a better macro environment for the sector. The company also declared a $0.17 quarterly dividend, reinforcing confidence in its cash flows despite underlying financial challenges like negative GAAP profitability and high leverage.
Macerich prices $675 million exchangeable notes offering
The Macerich Partnership, L.P., operating entity of The Macerich Company, has priced an increased offering of $675 million in 2.25% exchangeable senior notes due 2031, up from a previously announced $600 million. The notes, guaranteed by Macerich, are expected to settle on August 11, 2026, with interest paid semi-annually. Proceeds from the offering will be used for capped call transactions, refinancing existing secured debt, and general corporate purposes.
Macerich Upsized $675 Million Exchangeable Notes Deal
Mall REIT Macerich upsized its exchangeable senior notes deal to $675 million, with an exchange price of approximately $28.19 per share. The company plans to use the net proceeds, estimated between $659 million and $757 million, for capped call transactions, debt repayment, and general corporate purposes. This financing strategy aims to manage potential share dilution and ease refinancing pressures.
Macerich prices upsized $675M convertible note, in the top 10% of REIT deals
Macerich (NYSE: MAC) has priced an upsized $675 million offering of 2.25% exchangeable senior notes due 2031 through its operating partnership. This private placement to qualified institutional buyers was increased from an initial $600 million and is set to settle on August 11, 2026. The deal ranks in the 92nd percentile by size for post-IPO convertible rounds among comparable companies over the last 48 months.
Macerich Prices $675M Notes to Refinance Secured Debt
Macerich's operating partnership priced an upsized private offering of $675 million in 2.25% exchangeable senior notes due 2031, with an option for an additional $100 million. The net proceeds, estimated to be between $659.1 million and $757.0 million, will primarily be used to refinance existing secured debt and for general corporate purposes, with a portion funding capped call transactions to mitigate potential dilution. The notes have an initial exchange price of approximately $28.19 per share, representing a 20% premium over the August 6, 2026 share price.
Macerich Co (MAC) Shares Fall 7.5% -- GF Value Says Still Overva
Macerich Co (MAC) shares recently dropped 7.5%, closing at $23.49, yet GuruFocus's GF Value still indicates the stock is significantly overvalued by 52.4%, with an estimated intrinsic value of $15.41. The company faces financial challenges, including unprofitability and cash flow issues, making traditional P/E valuations inapplicable; its GF Score of 56/100 highlights strong momentum but weak growth and financial strength. Guru activity is mixed, and there have been no insider transactions, suggesting caution for potential investors.
Macerich Slides as Fresh Financing Move Overshadows Q2 Operating Progress
Macerich (MAC) stock fell 7.6% due to investor concerns over a proposed exchangeable senior notes offering, which could lead to dilution, and a Q2 earnings miss. Despite solid operating trends like 3.8% year-over-year NOI growth and 94% occupancy, debt maturities, including a defaulted $76 million loan, remain a key issue for investors. Hedge funds show mixed activity, with some adding and others removing significant shares of MAC stock.
Macerich Earnings: Occupancy and Tenant Sales Both Show Strong Growth
Macerich reported strong second-quarter results with funds from operations reaching $0.35 per share and same-store net operating income growing by 3.8%. The article highlights the company's robust occupancy rates and tenant sales performance, indicating a positive operational trend. This financial update suggests Macerich is experiencing healthy growth in its real estate portfolio.
Analysts Offer Insights on Real Estate Companies: Blackstone Mortgage (BXMT) and Macerich (MAC)
Analysts from J.P. Morgan and Truist Financial have issued bullish sentiments for real estate companies Blackstone Mortgage (BXMT) and Macerich (MAC), respectively. Richard Shane maintained a Buy rating for Blackstone Mortgage with an $18.00 price target, while Michael Lewis upheld a Buy rating for Macerich. Both companies have a "Moderate Buy" consensus among analysts, with price targets indicating potential upside.
Macerich (MAC) Stock Sees FFO Hold Up As Net Losses Persist
Macerich (MAC) reported its Q2 2026 earnings, showing that Funds From Operations (FFO) improved to US$0.35 per share, while net losses persisted, albeit narrowed to US$27.1 million. The stock saw a modest 1% dip, reflecting investor's mixed reactions to the company's cash flow strength versus its accounting losses and elevated leverage. Analysts debate whether the company is a bargain due to solid FFO or a warning sign due to recurring net losses and high debt.
Macerich partnership plans $600 million exchangeable notes offering
The Macerich Partnership, L.P. announced its intention to offer $600 million in exchangeable senior notes due 2031 through a private placement. These notes will be unsecured obligations guaranteed by Macerich, with proceeds intended to reduce potential stock dilution and refinance existing debt. The offering is not registered under the Securities Act of 1933.
Macerich Plans Notes Offering to Refinance Existing Secured Debt
Macerich announced a private offering of $600 million in exchangeable senior notes due 2031, with an option for an additional $90 million, to refinance existing secured debt and for general corporate purposes. The notes will be senior unsecured obligations guaranteed by Macerich, and the company plans to use capped call transactions to mitigate potential share dilution. Following the announcement, Macerich's stock (MAC) saw a 4.45% decline, indicating a negative market reaction.
Macerich Company (The) Stock 12‑Month Price Target Raised to $26.53, Implies 4% Upside
Macerich Company (The) (MAC) has seen its average 12-month stock price target raised from $26.27 to $26.53 by 15 analysts, implying a 4% potential upside based on its Aug. 4 closing price. The consensus rating for MAC remains "Buy" among 17 analysts, with 9 Buys, 6 Holds, and 2 Sells. This information is based on estimates and should not be considered investment advice.
Macerich (MAC) Could Be 50% Undervalued On FFO Beat And Dividend Reaffirmation
Macerich (MAC) reported stronger-than-expected Q2 2026 funds from operations and revenue, reaffirming its quarterly dividend. Despite a recent share price surge and analyst fair value estimates being close to current trading, a widely referenced narrative suggests the stock is significantly undervalued based on its future cash flow, driven by disciplined portfolio refinement and asset dispositions. However, potential risks include high leverage and ongoing e-commerce pressure on mall tenant demand.
MACERICH CO Q2 2026: Net loss $(27.1M), Leasing revenue up 0.3% — 10-Q Summary
MACERICH CO reported a net loss of $(27.1M) for Q2 2026, an improvement from the previous year, with leasing revenue up 0.3% driven by acquisitions. The company also highlighted improved leased occupancy at 94.0%, strong leasing activity with 172 new store leases, and major redevelopments underway. MACERICH is implementing a "Path Forward Plan" focusing on deleveraging and concentrating on core properties.
Transcript : The Macerich Company, Q2 2026 Earnings Call, Aug 04, 2026
This article is a transcript of The Macerich Company's Q2 2026 Earnings Conference Call, held on August 4, 2026. The call provided an update on the company's financial performance for the second quarter of 2026. However, the full transcript is reserved for subscribers, with only a brief operator message and recent news about Macerich being publicly available.
Macerich Earnings Call Set for 2 p.m. Pacific Today, Aug. 4
Macerich (NYSE: MAC) has released its Second Quarter 2026 earnings results and supplemental information online. The company will host a conference call today, August 4, 2026, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results. Investors can access the live webcast or join by phone, and a replay will be available afterward.
Macerich Reports Second Quarter 2026 Earnings Results
The Macerich Company (NYSE: MAC) has released its Second Quarter 2026 Earnings Results and Supplemental Information on its investor relations website. Management will host a conference call today, August 4, 2026, at 2:00 p.m. Pacific Time to discuss the results. Macerich is a REIT that owns and operates retail real estate primarily in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor.
Macerich (MAC) Surpasses Q2 FFO and Revenue Estimates
Macerich (MAC) reported Q2 Funds From Operations (FFO) of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.33 per share, and revenues of $249.71 million, surpassing estimates by 3.24%. The company has beaten FFO estimates in three out of the last four quarters and revenue estimates in two out of four. Investors are now looking to management's commentary and FFO outlook for future stock performance, with the stock currently holding a Zacks Rank #3 (Hold).
Macerich earnings on deck as mall REIT tests turnaround plan
Macerich Company is set to report its second-quarter earnings, with analysts anticipating a loss of 6 cents per share on revenues of $238.7 million. Investors will be closely watching the progress of the company's "Path Forward Plan," particularly its leasing momentum and occupancy rates, to assess the effectiveness of its turnaround strategy. The results will indicate whether operational improvements can counteract revenue challenges and if the focus on Class A properties is driving sustained growth.
The Macerich Company Declares Quarterly Cash Dividend on Its Common Shares, Payable on September 28, 2026
The Macerich Company has declared a quarterly cash dividend of $0.17 per common share. This dividend is scheduled to be paid on September 28, 2026, to stockholders who are on record as of September 14, 2026. The announcement was made on August 4, 2026, and reported by S&P Capital IQ.
Macerich Company (The) (NYSE:MAC) Declares Quarterly Dividend of $0.17
The Macerich Company (NYSE: MAC) has declared a quarterly dividend of $0.17 per share, payable on September 28th to shareholders of record on September 14th, resulting in an annualized yield of approximately 2.7%. Despite beating revenue and FFO expectations in its latest quarter and showing improved operating trends, the company reported negative GAAP earnings and maintains a high debt-to-equity ratio, prompting plans for further property dispositions to strengthen its balance sheet. Analysts anticipate Macerich will be able to cover its future dividend payments with expected earnings per share next year.
Why (MAC) Price Action Is Critical for Tactical Trading
This article analyzes The Macerich Company (NYSE: MAC) stock, highlighting strong sentiment across all time horizons and an overweight bias. It details three distinct AI-generated trading strategies—Position Trading, Momentum Breakout, and Risk Hedging—with specific entry, target, and stop-loss levels. The analysis emphasizes the critical role of price action for tactical trading and offers real-time signals and multi-timeframe analysis.
Macerich (MAC) Nears Its Leasing Target, Does The Stock Look Fully Valued?
Macerich (MAC) has seen significant investor interest with its stock up nearly 50% over the past year and is on track to meet 85% of its leasing target. While a common narrative suggests the stock is 3% overvalued at $25.75, Simply Wall St's DCF model indicates potential upside with a fair value of $41.30. Investors are advised to review the full data set, including rewards and warning signs, to make an informed decision on this seemingly split-sentiment stock.
Macerich (MAC) Nears Its Leasing Target, Does The Stock Look Fully Valued?
Macerich (MAC) is gaining investor attention with a nearly 50% stock increase over the past year and significant progress toward its leasing targets. While one narrative suggests the stock is slightly overvalued at $25.75, Simply Wall St's DCF model indicates the stock is trading at a sizable discount with a fair value of $41.30. Investors are encouraged to review both perspectives, considering the company's high leverage and market exposure against its strong leasing momentum.
Macerich Number of Employees 2026 | Employee Count & Headcount Data
Macerich Co. (MAC) had approximately 605 employees worldwide as of March 2026, a 1.3% decline from 2023. The company, headquartered in Santa Monica, California, is actively hiring with 53 job postings in 2026, a 58.5% increase from the previous year. The workforce is primarily concentrated in the United States, and its largest functional groups are Engineering, Finance and Operations, and Sales and Marketing.
Macerich (MAC) Stock Looks Fairly Valued With Cash Flow Upside
Macerich (MAC) stock has experienced a significant 133.0% return over the past three years. A Discounted Cash Flow (DCF) model suggests the stock is undervalued by 35.8%, indicating an intrinsic value of about $41 per share, while traditional market multiples suggest it's fairly to overvalued. The article concludes that the stock's true value depends on whether its cash generation can support the intrinsic value view or if it aligns more with current market multiples.
Macerich stock hits 52-week high at 26.28 USD
Macerich Co's stock reached a 52-week high of $26.28, currently trading at $26.30 with an $8.08 billion market capitalization, reflecting a 51.76% annual increase. Despite an InvestingPro analysis suggesting it might be overvalued, the company recently completed a 14 million share offering and received an upgrade from JPMorgan due to its "Path Forward" plan, highlighting investor confidence and growth potential in the retail and real estate sectors.
Macerich Company (The) Revenue Breakdown – NYSE:MAC
The Macerich Company (MAC) generated $1.01 billion in revenue last year, with its Leasing segment being the top performer contributing $950.76 million, an increase from the previous year. The United States was the primary source of this revenue, accounting for the entire $1.01 billion.
Goldman Sachs Sticks to Their Sell Rating for Macerich (MAC)
Goldman Sachs analyst Caitlin Burrows maintained a Sell rating on Macerich (MAC) with a price target of $19.00, despite the company's shares closing higher than this target at $25.59. Macerich reported a quarterly revenue of $242.75 million and a GAAP net loss of $36.35 million in its latest earnings report. The analyst consensus for Macerich is a "Moderate Buy" with an average price target of $25.86.
Goldman Sachs Maintains Macerich Co(MAC.US) With Sell Rating, Maintains Target Price $19
Goldman Sachs has reiterated its Sell rating for Macerich Co (MAC.US) and maintained its target price at $19. This indicates the firm's continued bearish outlook on the company's stock performance.
ETFs Investing in Macerich Company Stocks
This article lists various Exchange Traded Funds (ETFs) that hold stocks of Macerich Company (MAC). The table provides detailed information for each ETF, including market value of MAC holdings, weight of MAC in the ETF portfolio, issuer, management style, focus, expense ratio, AUM, price, change percentage, relative volume, and NAV total return over three years. The ETFs cover diverse categories such as small-cap, real estate, and total market.
The Macerich Company (MAC) Nareit REITweek: 2024 Investor Conference Summary
The Macerich Company (MAC) presented its Nareit REITweek: 2024 Investor Conference summary, highlighting a refreshed business plan, new leadership, and a "Path Forward" strategy focused on portfolio optimization. The company aims to deleverage through NOI growth, asset sales, and potential handbacks, targeting a core group of 30 outstanding shopping centers. Robust leasing activity and projected NOI growth for key assets underscore their strategy for driving shareholder returns.
The Macerich Company (MAC) Proxy filing Summary
The Macerich Company (MAC) annual meeting will be held virtually on June 1, 2026, with key votes on director elections, executive compensation, and auditor ratification. The company highlights strong business performance, including high portfolio occupancy and ESG recognition. Shareholders will vote on eight directors and other proposals, with the board recommending a "FOR" vote on all.
Macerich Price Target Raised to $28.00/Share From $21.00 by Piper Sandler
Piper Sandler has increased its price target for Macerich (MAC) shares to $28.00 from $21.00. This adjustment indicates a more optimistic outlook on the company's future performance by the investment bank. The new price target suggests a significant potential upside for Macerich stock.
Macerich (MAC) Has Rallied Sharply, Is It Now Overvalued?
Macerich (MAC) has experienced significant share price gains, prompting questions about its current valuation. While one narrative suggests the stock is overvalued at $25.59 compared to a fair value of $19.85 due to challenges from e-commerce, another view based on P/S ratio indicates it's priced below industry average but above a fair ratio estimate. Investors are encouraged to consider both the risks and potential rewards by reviewing detailed analyses and warning signs.
