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Macerich Co  (MAC)
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Price: $16.1300 $0.18 1.129%
Day's High: $16.2 Week Perf: 1.19 %
Day's Low: $ 15.80 30 Day Perf: -3.87 %
Volume (M): 2,776 52 Wk High: $ 17.69
Volume (M$): $ 44,772 52 Wk Avg: $12.29
Open: $15.80 52 Wk Low: $8.77



 Market Capitalization (Millions $) 3,454
 Shares Outstanding (Millions) 214
 Employees 697
 Revenues (TTM) (Millions $) 884
 Net Income (TTM) (Millions $) -278
 Cash Flow (TTM) (Millions $) 9
 Capital Exp. (TTM) (Millions $) 121

Macerich Co
The Macerich Co. is a real estate investment trust (REIT) that primarily focuses on the acquisition, development, and management of premium shopping centers in the United States. Macerich has a portfolio of high-quality properties located in major retail markets throughout the country, spanning from coast to coast. The company was founded in 1964 and is headquartered in Santa Monica, California.

Macerich's portfolio consists of 51 regional shopping centers, totaling approximately 48 million square feet of gross leasable area. The company's portfolio includes some of the most iconic and best-performing shopping centers in the US, such as Tysons Corner Center in Virginia, Scottsdale Fashion Square in Arizona, and Santa Monica Place in California.

The company's properties are leased to over 3,000 tenants, including national retailers, local specialty stores, and unique dining and entertainment concepts. Macerich's tenant mix is diverse, with a focus on providing experiences that cannot be replicated online. The company has been successful in attracting high-quality tenants, including Apple, Microsoft, Abercrombie & Fitch, Victoria's Secret, H&M, Nordstrom, and others.

The company's business model is focused on acquiring and developing shopping centers in major retail markets with high barriers to entry. Macerich's approach is to create a unique shopping experience by blending retail, dining, and entertainment options. The company's properties are typically located in urban and suburban areas with high population density, strong demographics, and significant foot traffic.

Macerich encourages sustainability in its operations and properties. The company has made significant efforts to reduce its environmental footprint by implementing energy-efficient building systems, using renewable energy sources, reducing water consumption, and promoting recycling programs. Macerich has been recognized as a leader in sustainability in the real estate industry.

In recent years, Macerich has been affected by the shift in consumer behavior towards online shopping. The company has responded by investing in technology initiatives, such as digitizing its properties and developing mobile apps, to enhance the shopping experience for its customers. Macerich has also focused on redeveloping its properties to incorporate mixed-use elements, including residential, hospitality, and office spaces, to attract a more diverse customer base.

In conclusion, the Macerich Co. is a leading REIT that acquires, develops, and manages premium shopping centers in major retail markets throughout the United States. They are known for their high-quality properties, diverse tenant mix, and sustainability efforts. Despite facing challenges due to changing consumer behavior, the company has adapted well and continues to invest in technology and redevelopment to enhance the shopping experience for its customers.


   Company Address: 401 Wilshire Boulevard, Santa Monica, 90401 CA
   Company Phone Number: 394-6000   Stock Exchange / Ticker: NYSE MAC
   


   

Stock Performances by Major Competitors

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Macerich Co

Earnings per Share Skyrocket by 3590.5% for Macerich Co in Q4 of 2023

Macerich Co shares experienced a decrease of 5.88% during the month of February. However, when compared to the previous year, the shares of Macerich Co saw a significant increase of 37.44%. Despite the recent dip in share prices, Macerich Co shares are still trending higher and are only 5.4% away from reaching their 52-week high.
One of the factors contributing to the positive performance of Macerich Co is its strong profitability. In the financial fourth quarter of 2023, the company posted impressive earnings per share of $0.29, marking a staggering increase of 3590.5% compared to the same period the previous year. Revenue also saw a modest increase of 4.585% to reach $238.69 million. In the prior financial reporting period, Macerich Co reported revenue of $218.15 million and a bottom line of $-1.22 per share. The company's bottom line in the fiscal period ending on December 31, 2023, reached $66.466 million, representing a significant surge of 1818.76% compared to the previous year's net earnings of $3.464 million.

Dividend

Macerich Company Announces Quarterly Dividend of $.17 per Share, Demonstrating Commitment to Shareholder Value

Published Fri, Feb 2 2024 12:00 PM UTC

SANTA MONICA, Calif., Feb. 02, 2024 - The Macerich Company, a leading real estate investment trust, has recently announced that its Board of Directors has declared a quarterly cash dividend of $.17 per share of common stock. This news has brought a wave of excitement among shareholders who can now eagerly anticipate the forthcoming dividend payout on March 4, 2024. With the ...

Product Service News

Level99: Macerich's Intriguing Foray Into 'Playtainment? Unveiling New Era of Adult Entertainment

Published Tue, Jan 30 2024 11:00 AM UTC

With innovation at the forefront of business strategies, corporate giants worldwide are embarking on a passionate pursuit of distinctive customer experiences. In another fascinating revelation indicating the broader trend, Macerich, the S&P 500 company, is all set to enthrall the Washington D.C. area with a unique offering. Macerich is soon to open the doors to Level99, an i...

Partnership

Life Time forges ahead with Fourth Lease at Macerich Property as it Targets Boulder in 2025

Published Thu, Jan 25 2024 11:00 AM UTC

Life Time, a renowned health and wellness club, has recently announced its plans to open a new location at Twenty Ninth Street in Boulder, marking its fourth lease at a Macerich property. The strategic move is expected to contribute to Life Time's continued growth and expansion efforts in providing comprehensive fitness and lifestyle offerings to its members. This article ai...

Dividend

Macerich Co Defies Market Volatility: Announces Tax Treatment of 2023 Dividends as Stock Performance Remains Strong

Published Mon, Jan 22 2024 12:30 PM UTC

Macerich Announces Tax Treatment Of 2023 Dividends: Stock Performance Shows Resilience
SANTA MONICA, Calif., Jan. 22, 2024 - The Macerich Company (NYSE: MAC), a leading real estate investment trust specializing in regional malls, has announced the tax treatment for dividend distributions taxable in 2023 on its Common Stock. This announcement comes as Macerich Co stock sh...






 

Macerich Co's Segments
 
 
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Macerich Co does not provide revenue guidance.

Earnings Outlook
Macerich Co does not provide earnings estimates.

 
Geographic Revenue Dispersion




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