See more : Delta Galil Industries Ltd. (DELG.TA) Income Statement Analysis – Financial Results
Complete financial analysis of The Macerich Company (MAC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of The Macerich Company, a leading company in the REIT – Retail industry within the Real Estate sector.
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The Macerich Company (MAC)
About The Macerich Company
Macerich is a fully integrated, self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the West Coast, Arizona, Chicago and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for five straight years (2015 - 2019).
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 881.37M | 859.16M | 847.44M | 786.03M | 927.46M | 960.35M | 993.66M | 1.04B | 1.29B | 1.11B | 1.03B | 881.32M | 791.25M | 758.56M | 805.65M | 439.85M | 896.37M | 829.66M | 767.39M | 547.27M | 486.00M | 378.92M | 334.57M | 320.09M | 327.44M | 283.86M | 221.21M | 155.06M | 105.70M | 74.50M |
| Cost of Revenue | 394.89M | 390.35M | 380.88M | 347.98M | 367.95M | 381.00M | 395.31M | 405.95M | 472.16M | 441.93M | 423.26M | 366.14M | 342.40M | 336.29M | 337.48M | 364.15M | 73.76M | 99.49M | 52.84M | 38.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 486.48M | 468.81M | 466.55M | 438.05M | 559.51M | 579.35M | 598.35M | 635.33M | 815.99M | 663.32M | 606.22M | 515.18M | 448.85M | 422.27M | 468.18M | 75.70M | 822.61M | 730.16M | 714.55M | 508.97M | 486.00M | 378.92M | 334.57M | 320.09M | 327.44M | 283.86M | 221.21M | 155.06M | 105.70M | 74.50M |
| Gross Profit Ratio | 55.20% | 54.57% | 55.05% | 55.73% | 60.33% | 60.33% | 60.22% | 61.01% | 63.35% | 60.02% | 58.89% | 58.46% | 56.73% | 55.67% | 58.11% | 17.21% | 91.77% | 88.01% | 93.11% | 93.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | -0.08 | -0.06 | 0.16 | 0.21 | 0.12 | 0.14 | 0.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 29.24M | 27.16M | 30.06M | 30.34M | 22.63M | 24.16M | 28.24M | 28.22M | 29.87M | 29.41M | 27.77M | 20.41M | 21.11M | 20.70M | 25.93M | 16.52M | 16.60M | 13.53M | 12.11M | 11.08M | 10.72M | 8.27M | 6.78M | 5.51M | 5.49M | 4.37M | 2.76M | 2.38M | 2.00M | 1.50M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 29.24M | 27.16M | 30.06M | 30.34M | 22.63M | 24.16M | 28.24M | 28.22M | 29.87M | 29.41M | 27.77M | 20.41M | 21.11M | 20.70M | 25.93M | 16.52M | 16.60M | 13.53M | 12.11M | 11.08M | 10.72M | 8.27M | 6.78M | 5.51M | 5.49M | 4.37M | 2.76M | 2.38M | 2.00M | 1.50M |
| Other Expenses | 0.00 | 291.61M | 311.13M | 319.62M | 330.73M | 346.81M | -13.63M | -13.38M | 10.29M | 1.41B | -35.72M | 198.15M | 265.33M | 246.81M | 262.06M | 277.83M | 594.69M | 543.07M | 502.69M | 345.38M | 280.38M | 208.16M | 176.81M | 163.32M | 161.71M | 143.13M | 112.44M | 50.79M | 0.00 | 0.00 |
| Operating Expenses | 489.18M | 318.78M | 341.19M | 349.96M | 353.36M | 370.97M | 363.67M | 376.71M | 494.34M | 408.13M | 384.94M | 322.97M | 286.44M | 267.52M | 283.24M | 350.40M | 611.29M | 556.61M | 514.80M | 356.45M | 291.10M | 216.43M | 183.59M | 168.83M | 167.20M | 147.51M | 115.20M | 53.17M | -57.30M | -41.40M |
| Cost & Expenses | 668.67M | 709.13M | 722.07M | 697.94M | 721.31M | 751.97M | 758.98M | 782.65M | 966.50M | 850.06M | 808.19M | 689.11M | 628.85M | 603.81M | 620.71M | 350.40M | 611.29M | 556.61M | 514.80M | 356.45M | 291.10M | 216.43M | 183.59M | 168.83M | 167.20M | 147.51M | 115.20M | 53.17M | -57.30M | -41.40M |
| Interest Income | 0.00 | 216.85M | 192.68M | 75.55M | 138.25M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 172.92M | 216.85M | 192.68M | 75.55M | 138.25M | 182.96M | 171.78M | 163.68M | 211.94M | 190.69M | 197.25M | 176.78M | 195.29M | 212.82M | 267.05M | 281.36M | 250.13M | 0.00 | 249.91M | 146.33M | 132.51M | 122.93M | 109.65M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 296.39M | 732.71M | 731.07M | 558.42M | 644.67M | 736.74M | 758.98M | 782.65M | 464.47M | 378.72M | 357.17M | 302.55M | 282.64M | 260.25M | 262.06M | 96.44M | 243.10M | 236.67M | 208.93M | 146.38M | 109.03M | 78.84M | 65.98M | 61.65M | 61.38M | 53.14M | 41.54M | 32.59M | 26.30M | 19.20M |
| EBITDA | 190.72M | 436.39M | 452.19M | 155.70M | 585.38M | 583.01M | 570.11M | 864.76M | 987.38M | 1.99B | 597.56M | 514.94M | 445.05M | 415.00M | 277.47M | 228.57M | 243.23M | 484.22M | 461.52M | 331.73M | 260.72M | 209.90M | 162.71M | 212.91M | 221.63M | 189.50M | 147.55M | 134.48M | 189.30M | 135.10M |
| EBITDA Ratio | 21.64% | 50.79% | 53.36% | 27.65% | 63.12% | 63.27% | 64.61% | 62.49% | 65.33% | 190.74% | 69.00% | 87.62% | 93.49% | 68.59% | 31.76% | 42.26% | 59.02% | 61.44% | 60.14% | 61.44% | 59.98% | 64.70% | 57.53% | 66.51% | 67.68% | 66.76% | 66.70% | 86.73% | 179.09% | 181.34% |
| Operating Income | 149.92M | 144.78M | 141.06M | -102.25M | 254.66M | 208.38M | 234.68M | 258.62M | 321.65M | 255.19M | 221.28M | 192.22M | 162.40M | 154.75M | 180.18M | 242.99M | 285.08M | 273.05M | 252.59M | 190.81M | 194.90M | 162.49M | 150.98M | 151.26M | 160.25M | 136.36M | 106.02M | 101.89M | 163.00M | 115.90M |
| Operating Income Ratio | 17.01% | 16.85% | 16.65% | -13.01% | 27.46% | 21.70% | 23.62% | 24.84% | 24.97% | 23.09% | 21.49% | 21.81% | 20.52% | 20.40% | 22.36% | 55.25% | 31.80% | 32.91% | 32.92% | 34.87% | 40.10% | 42.88% | 45.13% | 47.26% | 48.94% | 48.04% | 47.93% | 65.71% | 154.21% | 155.57% |
| Total Other Income/Expenses | -423.49M | -216.81M | -102.26M | -334.00M | -102.01M | -143.01M | -57.41M | 296.94M | 198.04M | 1.35B | -63.95M | 106.79M | 70.93M | -120.55M | -527.00K | -148.01M | -157.40M | -194.08M | -158.14M | -81.02M | -36.80M | -50.75M | -170.31M | -94.33M | 0.00 | 0.00 | 0.00 | 0.00 | -163.00M | 0.00 |
| Income Before Tax | -273.57M | -64.37M | 23.11M | -245.91M | 104.14M | 65.37M | 177.27M | 555.56M | 519.69M | 1.60B | 157.33M | 292.87M | 203.12M | 37.83M | 170.13M | 149.00M | 110.35M | 252.33M | 71.69M | 91.63M | 128.03M | 81.38M | 77.72M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | -31.04% | -7.49% | 2.73% | -31.29% | 11.23% | 6.81% | 17.84% | 53.35% | 40.34% | 145.00% | 15.28% | 33.23% | 25.67% | 4.99% | 21.12% | 33.87% | 12.31% | 30.41% | 9.34% | 16.74% | 26.34% | 21.48% | 23.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | -494.00K | 705.00K | 6.95M | -447.00K | 1.59M | -3.60M | 15.59M | 722.00K | -3.22M | -4.27M | -1.69M | -4.16M | -6.11M | 9.20M | -4.76M | 1.13M | -470.00K | -33.00K | 171.95M | 99.18M | 66.87M | 81.11M | 73.26M | 94.33M | 31.24M | 92.28M | 83.97M | 82.98M | 151.70M | 107.30M |
| Net Income | -274.07M | -65.08M | 14.26M | -245.46M | 96.82M | 60.02M | 146.13M | 517.00M | 487.56M | 1.50B | 420.09M | 337.43M | 156.87M | 25.19M | 120.74M | 93.83M | 96.54M | 252.36M | 71.69M | 91.63M | 128.03M | 81.38M | 77.72M | 56.93M | 129.01M | 44.08M | 22.05M | 18.91M | 11.30M | 8.60M |
| Net Income Ratio | -31.10% | -7.57% | 1.68% | -31.23% | 10.44% | 6.25% | 14.71% | 49.65% | 37.85% | 135.63% | 40.81% | 38.29% | 19.83% | 3.32% | 14.99% | 21.33% | 10.77% | 30.42% | 9.34% | 16.74% | 26.34% | 21.48% | 23.23% | 17.79% | 39.40% | 15.53% | 9.97% | 12.20% | 10.69% | 11.54% |
| EPS | -1.28 | -0.30 | 0.07 | -1.68 | 0.76 | 0.43 | 1.04 | 3.59 | 3.16 | 9.48 | 159.02K | 2.45 | 1.18 | 0.19 | 1.45 | 1.19 | 0.99 | 3.10 | 0.86 | 1.36 | 2.03 | 1.57 | 1.66 | 1.07 | 3.14 | 1.02 | 0.82 | 0.88 | 0.70 | 0.58 |
| EPS Diluted | -1.28 | -0.30 | 0.07 | -1.68 | 0.76 | 0.43 | 1.04 | 3.59 | 3.16 | 9.48 | 159.02K | 2.45 | 1.18 | 0.19 | 1.45 | 1.19 | 0.98 | 3.07 | 0.85 | 1.35 | 2.01 | 1.56 | 1.66 | 1.07 | 2.88 | 1.02 | 0.82 | 0.86 | 0.70 | 0.58 |
| Weighted Avg Shares Out | 215.55M | 215.03M | 198.07M | 146.23M | 141.34M | 141.14M | 140.99M | 143.99M | 154.40M | 158.20M | 139.60M | 134.07M | 131.63M | 120.35M | 81.23M | 76.49M | 74.50M | 73.52M | 61.54M | 60.73M | 55.70M | 38.83M | 35.03M | 35.51M | 35.30M | 31.98M | 26.88M | 21.57M | 16.07M | 14.88M |
| Weighted Avg Shares Out (Dil) | 215.55M | 215.03M | 198.07M | 146.23M | 141.34M | 141.22M | 140.99M | 143.99M | 154.40M | 158.20M | 140.73M | 137.51M | 131.63M | 120.35M | 81.23M | 89.77M | 87.99M | 91.41M | 76.37M | 61.17M | 56.23M | 39.07M | 35.03M | 35.51M | 63.21M | 45.29M | 39.86M | 21.97M | 16.07M | 14.88M |
UPDATE - Macerich Announces Initial Progress in its Path Forward Strategic Plan
Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Retail Asset Macerich Purchases Remaining 40% Share of Arrowhead...
Macerich Announces Initial Progress in its Path Forward Strategic Plan
Macerich Purchases Remaining 40% Share of Arrowhead Towne Center (a Top 10 NOI Center for Macerich) and South Plains Mall from JV Partner, and Commits to the Sale of a Prominent Non-Mall Asset Macerich Purchases Remaining 40% Share of Arrowhead...
Notable Insider Buying at Disney and More This Week
The first full week of May did not bring more notable insider purchases from Warren Buffett.
Macerich: Bad Quarter, Bad Track-Record, But Promising Future
Macerich Company's Q1 2024 earnings report caused a significant drop in stock price, raising concerns about the overall investability here. The company's performance was below expectations, with FFO per share coming in lower than the previous year and guidance. The...
Mall giant Macerich likely to start defaulting on maturing loans, says Barclays
Shopping mall giant Macerich Co. looks poised to start defaulting on more of its maturing mall loans, according to Barclays.
Macerich (MAC) Stock Declines on Q1 FFO Miss, Revenues Fall Y/Y
Macerich's (MAC) first-quarter FFO per share misses estimates while the top line witnesses a decline year over year.
The Macerich Company (MAC) Q1 2024 Earnings Call Transcript
The Macerich Company (NYSE:MAC ) Q1 2024 Earnings Conference Call April 30, 2024 1:00 PM ET Company Participants Samantha Greening - Director of Investor Relations Jackson Hsieh - President, CEO and Director Scott Kingsmore - Senior Executive Vice President, Chief...
Compared to Estimates, Macerich (MAC) Q1 Earnings: A Look at Key Metrics
Although the revenue and EPS for Macerich (MAC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Macerich (MAC) Q1 FFO and Revenues Miss Estimates
Macerich (MAC) came out with quarterly funds from operations (FFO) of $0.31 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to FFO of $0.40 per share a year ago.
Macerich Reports First Quarter 2024 Results
SANTA MONICA, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) has released its First Quarter 2024 Earnings Results and Supplemental Information by posting it to the Investor Relations section of its website at www.macerich.com.
Source: https://incomestatements.info
Category: Stock Reports