Macerich Co (MAC, Financial) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Macerich Co is a real estate investment trust. Its business includes ownership, development, redevelopment, management and leasing of regional and community shopping centers. Macerich Co has a market cap of $6.19 billion; its shares were traded at around $43.80 with a P/E ratio of 106.82 and P/S ratio of 6.36. The dividend yield of Macerich Co stocks is 6.81%. Macerich Co had annual average EBITDA growth of 0.40% over the past ten years.
For the last quarter Macerich Co reported a revenue of $246.9 million, compared with the revenue of $256.7 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $960.4 million, a decrease of 3.4% from the previous year. For the last five years Macerich Co had an average revenue decline of 2.5% a year.
The reported diluted earnings per share was 42.5 cents for the year, a decline of 58.3% from the previous year. Over the last five years Macerich Co had an average EPS decline of 37.8% a year. The Macerich Co had a decent operating margin of 21.7%, compared with the operating margin of 23.62% a year before. The 10-year historical median operating margin of Macerich Co is 22.73%. The profitability rank of the company is 7 (out of 10).
At the end of the fiscal year, Macerich Co has the cash and cash equivalents of $102.7 million, compared with $91.0 million in the previous year. The long term debt was $5.4 billion, compared with $5.2 billion in the previous year. The interest coverage to the debt is 1.1, which is not a favorable level. Macerich Co has a financial strength rank of 4 (out of 10).
At the current stock price of $43.80, Macerich Co is traded at 25.9% discount to its historical median P/S valuation band of $59.13. The P/S ratio of the stock is 6.36, while the historical median P/S ratio is 8.60. The stock lost 20.51% during the past 12 months.
For the complete 20-year historical financial data of MAC, click here.
