See more : Sprague Resources LP (SRLP) 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 |
Macerich Marks 30 Years as Public Company, Rings Closing Bell at New York Stock Exchange
New Company President & CEO Jack Hsieh Joined by Senior Executives for Celebratory Milestone New Company President & CEO Jack Hsieh Joined by Senior Executives for Celebratory Milestone
Mall Mania: Shop Till Ya' Drop
I was once a retail developer. But I never built a mall. However, I do have a wife and four daughters who love to shop, so maybe that makes me a mall expert.
The Macerich Company Announces Grant of Employment Inducement Award in Connection with Appointment of Jackson Hsieh as President and Chief Executive Officer
SANTA MONICA, Calif., March 01, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company”) announced that it granted two inducement equity awards to Jackson Hsieh on March 1, 2024, the effective date of Mr. Hsieh's appointment as President...
Macerich: Q4 And Guidance Imply That Upside Is Exhausted
Macerich: Q4 And Guidance Imply That Upside Is Exhausted
Macerich (MAC) Stock Rises on Q4 FFO Beat, Revenues Miss
Macerich (MAC) witnesses year-over-year growth in occupancy and same-center NOI. However, the top line lags estimates.
The Macerich Company (MAC) Q4 2023 Earnings Call Transcript
The Macerich Company (MAC) Q4 2023 Earnings Call Transcript
Compared to Estimates, Macerich (MAC) Q4 Earnings: A Look at Key Metrics
The headline numbers for Macerich (MAC) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Macerich Reports Fourth Quarter 2023 Results
SANTA MONICA, Calif., Feb. 07, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) has released its Fourth Quarter 2023 Earnings Results and Supplemental Information by posting it to the Investor Relations section of its website at www.macerich.com.
What Analyst Projections for Key Metrics Reveal About Macerich (MAC) Q4 Earnings
Besides Wall Street's top -and-bottom-line estimates for Macerich (MAC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.
Is it Wise to Retain Macerich (MAC) Stock in Your Portfolio?
A portfolio of premium shopping centers, focus on omni-channel retailing and developing mixed-use assest is likely to support Macerich (MAC) despite higher e-commerce adoption and high interest rates.
Source: https://incomestatements.info
Category: Stock Reports