Macerich share price today

The Macerich Company's share price was $25.90 at the close on 4 November 2026. It has been rising for 31 weeks. That is 16.0% above its average price over the last 200 trading days. In the last 52 weeks it traded between $17 and $26, and at that close it was at the high of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today The Macerich Company is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 1 week in a row.

Over the last 10 years the share price moved −70% while the S&P 500 moved +261%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

The Macerich Company paid $0.68 per share over the last four reported quarters. The most recent declaration was $0.17 for Jun 2026. At today's price of $25.90 that is a yield of 2.63%, based on dividends already paid, not a forecast.

A dividend is cash paid out for each share. The 12-month total is the four most recent quarters added together.

Macerich is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

The Macerich Company posted a net loss of $27.3 M in the Jun 2026 quarter. The full FY25 year was a loss of $198 M. That loss is 10.8% of the quarter's revenue. The same quarter a year earlier lost $41.1 M. 10 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The Macerich Company reported $252 M of revenue in the Jun 2026 quarter, +1.2% on the same quarter a year earlier. Over 4 years it has grown 4.7% a year on average. The last full year, FY25, came in at $1.0 B. The last four reported quarters add to $1.0 B.

Revenue is everything the company billed its customers in the period.

FY25 revenue was $1.0 B, +15.8% on the year before.

Recent pace: the last four quarters grew +0.2% on average, against 4.7% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −2.1%, against +13.7% a year over the last 8 quarters (rolling over).

The Macerich Company's operating margin was 16.3% in the Jun 2026 quarter, about the same as the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 16.2% and 18.7%. The latest quarter is within that range.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago. Across 5 years it has been between 16.2% and 18.7%, and FY25's 18.7% is the highest of them.

Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

The Macerich Company's cash-flow history is too short to judge how much of its profit turns into cash. In FY25 it brought in $322 M of operating cash against −$198 M of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

The Macerich Company does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

The Macerich Company has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values The Macerich Company at 7.3× its FY25 revenue of $1.0 B. The P/E comes back here once profit turns positive.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

The Macerich Company's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

The Macerich Company earned a ROE of −8% in FY25. That is up from a low of −11% in FY23. Its return on capital used (ROIC) is 9.0 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

It comes from a −19.0% net margin and 0.12× asset turnover (sales divided by assets).

Why the return is what it is (FY25): a −19.0% net margin × 0.12× asset turnover × 3.31× leverage (assets divided by equity) ≈ −7.5% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 2.4% − 11.4% = −9.0 percentage points. The 11.4% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

The Macerich Company has total debt of $4.9 B against shareholder equity of $2.9 B as of Jun 2026, so its debt is 1.69× its equity. Year by year, that ratio went from 1.49 in FY21 to 2.03 in FY25. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

11.8% of The Macerich Company's tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 9.8 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

It is a single reading at one point in time; we do not have its history.

Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.

For The Macerich Company, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

46.3 out of 100, rank 14 of 26 in REIT - Retail, with 55% of the evidence available.

The Macerich Company scores 46.3 out of 100 against the 26 companies it is compared with in REIT - Retail, ranking 14. Some evidence is missing, so the score is pulled toward the middle on purpose.

The four parts add up to the total exactly: 12.7 + 4.4 + 9.5 + 19.7 = 46.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector.

Macerich ranks 14 of 26 REIT - Retail companies on the 4-Factor Sector Score, with 46.3 out of 100.