Coach, Zara & Primark lead Kings Plaza's reinvention as Macerich seeks to court younger shoppers
Macerich is investing in the reinvention of Kings Plaza in Brooklyn, attracting younger, experience-driven shoppers with new tenants like Coach, Zara, and Primark. The mall has added 35 stores since 2021, replacing former department store anchors with diverse large-format retailers and investing over $250 million in upgrades and new dining options. This redevelopment aims to capitalize on increasing youth engagement with malls, as evidenced by rising visitor numbers and company-record sales across Macerich's portfolio.
Macerich (MAC) Could Be 15% Undervalued As Conference Puts Retail Narrative In Focus
Macerich (MAC) is highlighted as potentially 15% undervalued ahead of the BofA NY Global Real Estate Conference, with a fair value estimated at $26.63 against a recent close of $22.64. The company's focus on experiential retail is seen as a key driver for revitalized consumer engagement and increased traffic. However, heavy leverage and market concentration pose risks to this bullish outlook.
Macerich (MAC) Could Be 15% Undervalued As Conference Puts Retail Narrative In Focus
Macerich (MAC) is highlighted as potentially 15% undervalued ahead of a BofA NY Global Real Estate Conference, with its fair value estimated at $26.63 against a current trading price of $22.64. Despite recent short-term share price declines, the company has shown strong year-to-date and one-year returns, driven by its focus on experiential retail. However, its high leverage and concentration in brick-and-mortar markets present risks if refinancing or tenant demand falters.
JPMorgan Upgrades Macerich to Overweight From Neutral, Price Target Is $26
JPMorgan has upgraded Macerich (MAC) from Neutral to Overweight, setting a new price target of $26. This upgrade reflects an increased positive outlook on the company's stock performance.
JPMorgan Upgrades Macerich to Overweight From Neutral, Price Target is $26
JPMorgan has upgraded The Macerich Company (MAC) from Neutral to Overweight, setting a new price target of $26. This upgrade reflects a more positive outlook on the commercial REIT. The article also notes other recent analyst actions and company news, including Piper Sandler's upgrade to Overweight and Macerich's latest earnings results.
The Macerich Company (MAC) Stock Price, News, Quote & History
This article provides a detailed overview of The Macerich Company (MAC) stock, including its current price, historical data, key financial metrics, and analyst insights. It covers performance against benchmarks, earnings trends, valuation measures, and profitability, positioning Macerich as a leading retail REIT.
Evercore ISI upgrades Macerich stock rating on balance sheet gains By Investing.com
Evercore ISI has upgraded The Macerich Company (NYSE:MAC) to Outperform from In Line, maintaining a price target of $26.00, citing an improving balance sheet and accelerating funds from operations growth. The upgrade reflects reduced leverage, Macerich's 33-year dividend payment history, and a 26.7% return over the past six months, despite the stock being considered overvalued by InvestingPro. This follows recent positive news including a 3.8% increase in net operating income and a similar upgrade by Piper Sandler.
Macerich upgraded to Outperform at Evercore ISI as Path Forward progresses
Evercore ISI has upgraded Macerich (MAC) to Outperform from In-Line, citing the shopping mall REIT's improved balance sheet, accelerating FFO growth, and reduced leverage. The upgrade is based on the successful progress of Macerich's "Path Forward" plan, which has largely completed its leasing phase and is expected to boost leased occupancy and reduce net debt/EBITDA. This positive outlook contrasts with the SA Quant rating of Hold but aligns with the average Wall Street rating of Buy.
This Macerich Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday
Several top Wall Street analysts upgraded their ratings for five companies. Macerich Co, Invitation Homes Inc, Ciena Corp, American Homes 4 Rent, and Candel Therapeutics Inc all received upgrades from various firms, with corresponding price target adjustments.
Macerich stock gains as MAC closes at USD 22.55
Macerich stock (MAC) closed at USD 22.55 on September 18, 2026, marking a 0.58 percent increase. The stock traded within a tight range of USD 22.53 to USD 22.79, indicating stability. The company reported improved financials, with revenue of USD 239.4 million and FFO per share of USD 0.48 in its latest quarter, alongside 3.2 percent same-center NOI growth.
Macerich (MAC) Sees Fresh Leasing Momentum, Is The Stock Cheap?
Macerich (MAC) is experiencing fresh leasing momentum and increased consumer traffic, leading to a 22.19% year-to-date share price rise. Despite this, the stock trades below analyst targets and its estimated intrinsic value, suggesting it might be undervalued. However, the company faces risks associated with heavy leverage and exposure to challenging retail markets, which could impact its refinancing and tenant stability.
Macerich Sees Mall Advertising as Compelling Opportunity for Real Time Engagement
Macerich (NYSE: MAC) sees mall advertising as a compelling opportunity for real-time engagement, especially with Gen Z consumers seeking authentic, in-person experiences. The company is transforming its properties into "third spaces" that attract top retailers, restaurants, and entertainment, while also leveraging them as powerful media platforms for advertisers. Through the Macerich Media Network, they offer dynamic OOH advertising solutions and customized programs to connect brands with consumers.
Three executives will speak with investors at a New York conference.
Macerich (MAC) announced that three senior executives—President and CEO Jackson Hsieh, Senior EVP and CFO/Treasurer Dan Swanstrom, and Senior EVP Leasing Doug Healey—will present to investors at the BofA Securities 2026 Global Real Estate Conference in New York on September 15-16, 2026. The company's presentation is scheduled for September 16, 2026, at 12:45 p.m. Eastern, with a live audio webcast and materials available on their investor website. A replay will be accessible for one year following the event.
Tysons Corner Center overhauls its lineup to keep the shoppers flooding in - Washington Business Journal
Tysons Corner Center is undergoing a major transformation with 43 new stores, including an Eataly food hall and retail store, following leadership changes and a strategic focus on securing first-to-market tenants. This overhaul has already resulted in a 10% increase in mall traffic this year, as the center shuffles its lineup to attract and retain shoppers.
Macerich Co chief accounting officer Zecchini sells $63,787 stock
Christopher J. Zecchini, Chief Accounting Officer at Macerich Co, sold 2,740 shares of the company's common stock for approximately $63,787. This insider sale follows strong year-to-date returns for MAC shares, which are up 27% and trading near $23.03. The company recently reported a 3.8% increase in net operating income and received an upgrade to Overweight from Piper Sandler, with a price target increase to $30.00.
Vanguard Holds 10.09% Passive Stake in Macerich Co (NYSE: MAC) Covering 28.6 Million Shares
Vanguard Portfolio Management has reported a 10.09% passive stake in Macerich Co (NYSE: MAC), holding 28,613,294 common shares. These shares were acquired and are held in the ordinary course of business, with no intention to alter or influence the company's control. The ownership position was reported as of August 31, 2026, and signed on September 4, 2026.
Why Is Macerich (MAC) Down 7.8% Since Last Earnings Report?
Shares of Macerich (MAC) have dropped 7.8% since its last earnings report, underperforming the S&P 500 despite beating Q2 2026 FFO and revenue estimates. The company's Q2 results were driven by stronger portfolio NOI, rising occupancy, and healthy tenant demand, with significant leasing activity and the acquisition of Annapolis Mall. Despite these positive operational indicators and upward estimate revisions, the stock holds a Zacks Rank #3 (Hold).
Goldman Sachs Maintains Macerich Co(MAC.US) With Sell Rating, Raises Target Price to $21
Goldman Sachs has reiterated its Sell rating on Macerich Co (MAC.US) but has increased its price target for the company to $21. This indicates a continued cautious outlook from Goldman Sachs on Macerich's stock despite the raised target.
Piper Sandler upgrades Macerich stock rating on FFO growth outlook By Investing.com
Piper Sandler upgraded The Macerich Company (NYSE:MAC) to Overweight from Neutral, raising its price target to $30.00. The firm anticipates over 20% upside for the retail REIT, citing management's strategy to unencumber assets and accretive acquisition opportunities. Macerich has shown strong performance, with shares up 33% year-to-date and consistent dividend payments for 33 years.
Piper Sandler upgrades Macerich stock rating on FFO growth outlook
Piper Sandler upgraded The Macerich Company (NYSE:MAC) to Overweight from Neutral and increased its price target to $30.00 from $28.00, citing an expected more than 20% upside for the retail REIT based on its revised 2027 FFO estimate. The firm noted Macerich's efforts to unencumber wholly-owned assets, its attractive FFO yield, and strong year-to-date returns, coupled with a 2.81% dividend yield and a 33-year history of dividend payments. These factors, alongside positive Q2 2026 financial results and improved NOI growth, are contributing to an increased "Path Forward FFO" target of approximately $1.95.
Piper Sandler Upgrades Macerich to Overweight From Neutral, $30 Price Target
Piper Sandler has upgraded Macerich (NYSE: MAC) from Neutral to Overweight, setting a price target of $30. This upgrade was published on August 27, 2026, at 07:17 am EDT. The article also provides recent news about Macerich, including its Q2 2026 earnings results and various analyst ratings.
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.
