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Macerich Company (MAC)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Company Info

ISINUS5543821012
CUSIP554382101
SectorReal Estate
IndustryREIT - Retail
IPO DateMar 9, 1994

Highlights

Market Cap$4.74B
EPS (TTM)$0.36
PE Ratio55.86
PEG Ratio-485.00
Total Revenue (TTM)$882.39M
Gross Profit (TTM)$626.79M
EBITDA (TTM)$360.92M
Year Range$10.32 - $20.22
Target Price$16.68
Short %9.41%
Short Ratio7.90

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons: MAC vs. FCPT, MAC vs. PECO, MAC vs. SPYD, MAC vs. O, MAC vs. V, MAC vs. VOO, MAC vs. SKT, MAC vs. JPM, MAC vs. ET, MAC vs. SPG

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Macerich Company, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-10.00%0.00%10.00%20.00%JuneJulyAugustSeptemberOctoberNovember
24.61%
14.38%
MAC (Macerich Company)
Benchmark (^GSPC)

Returns By Period

Macerich Company had a return of 34.61% year-to-date (YTD) and 101.07% in the last 12 months. Over the past 10 years, Macerich Company had an annualized return of -6.20%, while the S&P 500 had an annualized return of 11.43%, indicating that Macerich Company did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date34.61%25.82%
1 month10.92%3.20%
6 months32.56%14.94%
1 year101.07%35.92%
5 years (annualized)-0.74%14.22%
10 years (annualized)-6.20%11.43%

Monthly Returns

The table below presents the monthly returns of MAC, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20242.33%4.99%5.00%-20.14%11.06%2.12%3.69%0.90%14.21%2.52%34.61%
202322.03%-11.90%-11.30%-5.75%-1.77%16.91%13.13%-6.99%-6.67%-10.91%19.93%34.52%45.69%
2022-4.28%-6.65%2.22%-19.76%-5.22%-25.87%21.81%-8.58%-17.03%40.18%15.72%-11.34%-31.57%
202147.14%-16.72%-9.44%17.86%16.67%14.71%-10.68%5.81%-2.17%8.26%4.97%-8.38%68.49%
2020-17.12%-5.45%-72.43%34.84%-8.84%31.72%-14.94%5.76%-14.38%2.50%46.59%6.70%-56.80%
20196.65%-3.92%-0.57%-7.40%-7.86%-7.82%-1.31%-11.45%10.73%-12.95%0.52%-0.04%-32.18%
2018-1.69%-7.59%-4.95%2.86%-2.23%2.16%3.92%0.75%-5.87%-6.64%-1.14%-13.94%-30.56%
2017-3.03%-0.86%-4.42%-3.06%-7.02%1.13%-1.15%-6.86%4.17%-0.67%20.10%1.44%-2.81%
2016-3.37%2.35%0.20%-3.99%1.20%11.88%4.51%-7.48%-1.25%-12.48%-3.09%4.35%-8.95%
20153.12%-2.00%0.81%-3.05%1.24%-9.15%6.11%-2.99%0.84%10.31%-1.48%3.25%5.83%
2014-3.89%7.32%3.66%4.14%2.72%1.08%-2.61%1.39%-2.24%10.45%13.23%5.48%47.22%
20132.44%1.60%7.10%8.81%-6.57%-6.07%1.77%-8.39%0.28%4.91%-2.80%3.42%4.95%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current risk-adjusted rank of MAC is 87, placing it in the top 13% of stocks on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of MAC is 8787
Combined Rank
The Sharpe Ratio Rank of MAC is 9393Sharpe Ratio Rank
The Sortino Ratio Rank of MAC is 8888Sortino Ratio Rank
The Omega Ratio Rank of MAC is 8787Omega Ratio Rank
The Calmar Ratio Rank of MAC is 7777Calmar Ratio Rank
The Martin Ratio Rank of MAC is 8989Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Macerich Company (MAC) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


MAC
Sharpe ratio
The chart of Sharpe ratio for MAC, currently valued at 2.49, compared to the broader market-4.00-2.000.002.004.002.49
Sortino ratio
The chart of Sortino ratio for MAC, currently valued at 3.02, compared to the broader market-4.00-2.000.002.004.006.003.02
Omega ratio
The chart of Omega ratio for MAC, currently valued at 1.40, compared to the broader market0.501.001.502.001.40
Calmar ratio
The chart of Calmar ratio for MAC, currently valued at 1.22, compared to the broader market0.002.004.006.001.22
Martin ratio
The chart of Martin ratio for MAC, currently valued at 11.75, compared to the broader market0.0010.0020.0030.0011.75
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 3.08, compared to the broader market-4.00-2.000.002.004.003.08
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 4.10, compared to the broader market-4.00-2.000.002.004.006.004.10
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.58, compared to the broader market0.501.001.502.001.58
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 4.48, compared to the broader market0.002.004.006.004.48
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 20.05, compared to the broader market0.0010.0020.0030.0020.05

Sharpe Ratio

The current Macerich Company Sharpe ratio is 2.49. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Macerich Company with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
2.49
3.08
MAC (Macerich Company)
Benchmark (^GSPC)

Dividends

Dividend History

Macerich Company provided a 3.38% dividend yield over the last twelve months, with an annual payout of $0.68 per share. The company has been increasing its dividends for 2 consecutive years.


4.00%6.00%8.00%10.00%12.00%$0.00$2.00$4.00$6.00$8.0020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.68$0.68$0.62$0.60$1.15$3.00$2.97$2.87$2.75$7.31$2.51$2.36

Dividend yield

3.38%4.41%5.51%3.47%10.78%11.14%6.86%4.37%3.88%9.06%3.01%4.01%

Monthly Dividends

The table displays the monthly dividend distributions for Macerich Company. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.17$0.00$0.00$0.17$0.00$0.00$0.17$0.00$0.00$0.17$0.68
2023$0.00$0.17$0.00$0.00$0.17$0.00$0.00$0.17$0.00$0.00$0.17$0.00$0.68
2022$0.00$0.15$0.00$0.00$0.15$0.00$0.00$0.15$0.00$0.00$0.17$0.00$0.62
2021$0.00$0.15$0.00$0.00$0.15$0.00$0.00$0.15$0.00$0.00$0.15$0.00$0.60
2020$0.00$0.75$0.00$0.10$0.00$0.00$0.00$0.15$0.00$0.00$0.15$0.00$1.15
2019$0.00$0.75$0.00$0.00$0.75$0.00$0.00$0.75$0.00$0.00$0.75$0.00$3.00
2018$0.00$0.74$0.00$0.00$0.74$0.00$0.00$0.74$0.00$0.00$0.75$0.00$2.97
2017$0.00$0.71$0.00$0.00$0.71$0.00$0.00$0.71$0.00$0.00$0.74$0.00$2.87
2016$0.00$0.68$0.00$0.00$0.68$0.00$0.00$0.68$0.00$0.00$0.71$0.00$2.75
2015$0.00$0.65$0.00$0.00$0.65$0.00$0.00$0.65$0.00$0.00$5.36$0.00$7.31
2014$0.00$0.62$0.00$0.00$0.62$0.00$0.00$0.62$0.00$0.00$0.65$0.00$2.51
2013$0.58$0.00$0.00$0.58$0.00$0.00$0.58$0.00$0.00$0.62$0.00$2.36

Dividend Yield & Payout


Dividend Yield
5.0%10.0%15.0%3.4%
Macerich Company has a dividend yield of 3.38%, which is quite average when compared to the overall market.
Payout Ratio
200.0%400.0%600.0%800.0%2.1%
Macerich Company has a payout ratio of 2.13%, which is below the market average. This means Macerich Company returns a smaller proportion of its earnings to shareholders as dividends, suggesting it retains a higher portion for reinvestment, growth, or debt payment.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-64.05%
0
MAC (Macerich Company)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Macerich Company. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Macerich Company was 93.38%, occurring on Mar 27, 2009. Recovery took 1423 trading sessions.

The current Macerich Company drawdown is 64.05%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-93.38%Feb 8, 2007538Mar 27, 20091423Nov 19, 20141961
-92.91%Aug 2, 2016924Apr 2, 2020
-32.5%Mar 23, 1998438Dec 14, 1999358May 16, 2001796
-26.8%Apr 2, 200426May 10, 200476Aug 27, 2004102
-22.33%Mar 17, 2015123Sep 9, 2015206Jul 5, 2016329

Volatility

Volatility Chart

The current Macerich Company volatility is 8.20%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
8.20%
3.89%
MAC (Macerich Company)
Benchmark (^GSPC)

Financials

Financial Performance

The chart below illustrates the trends in the financial health of Macerich Company over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

Annual
Quarterly

0.0

Valuation

The Valuation section provides an assessment of the market value of Macerich Company compared to its peers in the REIT - Retail industry.


PE Ratio
50.0100.0150.0200.0250.055.9
The chart displays the price to earnings (P/E) ratio for MAC in comparison to other companies of the REIT - Retail industry. Currently, MAC has a PE value of 55.9. This PE ratio is much higher than those of other companies of the industry. This might be an indicator of the company being overvalued.
PEG Ratio
-400.0-300.0-200.0-100.00.0-485.0
The chart displays the price to earnings to growth (PEG) ratio for MAC in comparison to other companies of the REIT - Retail industry. Currently, MAC has a PEG value of -485.0. This PEG value is considered to be low compared to the rest of the industry.

Historical P/E Ratio Chart

The chart below displays the historical trend of the price-to-earnings (P/E) ratio for Macerich Company.


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Income Statement


Income Statement
Balance Sheet
Cash Flow
Annual
Quarterly

TTM
Revenue

Total Revenue

Cost Of Revenue

Gross Profit

Operating Expenses

Selling, General & Admin Expenses

R&D Expenses

Depreciation And Amortization

Total Operating Expenses

Income

Income Before Tax

Operating Income

EBITDA

EBIT

Earnings From Continuing Operations

Net Income

Income Tax Expense

Other Non-Operating Income (Expenses)

Extraordinary Items

Discontinued Operations

Effect Of Accounting Charges

Non Recurring

Minority Interest

Other Items

Interest Income

Interest Expense

Net Interest Income

Values in undefined except per share items