The Market Fieldbook

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The Market Fieldbook

Company Observatory

MAC

The Macerich Company

Real Estate · REIT - Retail

Overall research band Weak
Quality Weak
Valuation Weak
Balance sheet Very weak
Market confirmation Mixed

One-minute company read

What this report can tell you now

What the company does

The Macerich Company is a self-managed real estate investment trust (REIT) that acquires, leases, manages, develops, and revitalizes regional shopping malls across the United States. Its portfolio includes interests in 47 regional retail complexes, totaling 51 million square feet, with a strong presence in high-demand markets such as the West Coast, Arizona, Chicago, and the corridor from Metropolitan New York to Washington, D.C. Macerich generates revenue primarily through leasing retail space to tenants in these shopping centers and is recognized for its leadership in environmental sustainability, having earned the top GRESB ranking in the North American Retail Sector for five consecutive years.

The current research profile is Mixed Setup, with elevated leverage. This is a starting point for investigation, not a forecast or recommendation.

Strongest visible signal

No single strength should be treated as decisive without reviewing the underlying evidence and data status.

What to investigate next

Read the latest filing or company update, check the period behind the metrics, and investigate the dimension with the weakest band above.

Before you draw a conclusion

  • Read the latest filing or company update.
  • Check the financial period behind each metric.
  • Investigate the weakest score band and any missing evidence.

Headline fundamentals

A small set of signals worth checking

ROIC2.2%Model input; read with the evidence status and period context.
Operating margin16.5%Model input; read with the evidence status and period context.
Revenue CAGR · 4 years4.6%Model input; read with the evidence status and period context.
FCF margin31.7%Model input; read with the evidence status and period context.

Go deeper when you need to

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Evidence detailSee exact inputs, source context, and model-aware metrics.
HistoryReview score and research changes over time.
MonitoringKeep the questions, risks, and changes that matter in view.

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