See more : Firm Capital Mortgage Investment Corporation (FCMGF) 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 Declares the Quarterly Dividend on Its Common Shares
SANTA MONICA, Calif., Feb. 02, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.17 per share of common stock. The dividend is payable on March 4, 2024, to...
Macerich to Welcome Level99 to Tysons Corner Center
Interactive Entertainment Destination for Adults Will Offer Live-Action Play, Dining, Craft Beverages in Washington, D.C. Area
Macerich (MAC) to House Life Time at Twenty Ninth Street, Boulder
Macerich (MAC) announces leasing to healthy lifestyle brand, Life Time, at its Twenty Ninth Street shopping center in Boulder.
Macerich to Welcome Life Time to Twenty Ninth Street in Boulder
Location is Life Time's 4th Lease at a Macerich Property, Opening in 2025 Location is Life Time's 4th Lease at a Macerich Property, Opening in 2025
Macerich Announces Tax Treatment Of 2023 Dividends
SANTA MONICA, Calif., Jan. 22, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) today announced the tax treatment for dividend distributions taxable in 2023 on its Common Stock.
Code Red Alert: 5 Lessons Office REIT Investors Can Learn From Malls
Office REITs face deep-rooted problems and a slow recovery in demand for office space. The rise and fall of U.S. malls provide lessons for office REIT investors. Even high-quality office REITs may struggle to maintain occupancy and rental rates in...
Macerich Schedules Fourth Quarter 2023 Earnings Release and Conference Call
SANTA MONICA, Calif., Jan. 08, 2024 (GLOBE NEWSWIRE) -- WHAT: Macerich (NYSE: MAC) Schedules Fourth Quarter 2023 Earnings Release and Conference Call
Macerich (MAC), Hudson Pacific Conclude $700M Asset Sale
Macerich (MAC) and Hudson Pacific Properties' (HPP) sale of One Westside and Westside Two adds substantial value to the balance sheets of both companies.
Hudson Pacific and Macerich Complete $700 Million Sale of One Westside and Westside Two
LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, and Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of major retail and mixed-use properties...
REITs Rejoice as the Fed Indicates Three Rate Cuts in 2024
The latest decision of the Fed to hold its benchmark rate steady and the indications of three rate cuts next year should give REIT investors enough reason to rejoice.
Source: https://incomestatements.info
Category: Stock Reports