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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.01
MAC's Cash to Debt is ranked lower than
55% of the 609 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.06 vs. MAC: 0.01 )
MAC' s 10-Year Cash to Debt Range
Min: 0.01   Max: No Debt
Current: 0.01

Equity to Asset 0.36
MAC's Equity to Asset is ranked higher than
55% of the 635 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.49 vs. MAC: 0.36 )
MAC' s 10-Year Equity to Asset Range
Min: 0.12   Max: 0.39
Current: 0.36

0.12
0.39
Interest Coverage 1.12
MAC's Interest Coverage is ranked higher than
55% of the 535 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.37 vs. MAC: 1.12 )
MAC' s 10-Year Interest Coverage Range
Min: 0.67   Max: 1.64
Current: 1.12

0.67
1.64
F-Score: 5
Z-Score: 1.04
M-Score: -2.65
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating margin (%) 22.28
MAC's Operating margin (%) is ranked higher than
59% of the 645 Companies
in the Global REIT - Retail industry.

( Industry Median: 42.25 vs. MAC: 22.28 )
MAC' s 10-Year Operating margin (%) Range
Min: 20.31   Max: 48.94
Current: 22.28

20.31
48.94
Net-margin (%) 20.82
MAC's Net-margin (%) is ranked higher than
63% of the 646 Companies
in the Global REIT - Retail industry.

( Industry Median: 33.86 vs. MAC: 20.82 )
MAC' s 10-Year Net-margin (%) Range
Min: 3.54   Max: 42.31
Current: 20.82

3.54
42.31
ROE (%) 6.56
MAC's ROE (%) is ranked higher than
71% of the 655 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.73 vs. MAC: 6.56 )
MAC' s 10-Year ROE (%) Range
Min: 1.06   Max: 26.36
Current: 6.56

1.06
26.36
ROA (%) 2.36
MAC's ROA (%) is ranked higher than
66% of the 656 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.10 vs. MAC: 2.36 )
MAC' s 10-Year ROA (%) Range
Min: 0.34   Max: 5.46
Current: 2.36

0.34
5.46
ROC (Joel Greenblatt) (%) 3.04
MAC's ROC (Joel Greenblatt) (%) is ranked higher than
58% of the 581 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.00 vs. MAC: 3.04 )
MAC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 2.39   Max: 9.3
Current: 3.04

2.39
9.3
Revenue Growth (%) 7.60
MAC's Revenue Growth (%) is ranked higher than
90% of the 541 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.80 vs. MAC: 7.60 )
MAC' s 10-Year Revenue Growth (%) Range
Min: -17   Max: 16.8
Current: 7.6

-17
16.8
EBITDA Growth (%) 10.20
MAC's EBITDA Growth (%) is ranked higher than
83% of the 498 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.20 vs. MAC: 10.20 )
MAC' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 42.1
Current: 10.2

0
42.1
EPS Growth (%) 57.80
MAC's EPS Growth (%) is ranked higher than
97% of the 400 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.30 vs. MAC: 57.80 )
MAC' s 10-Year EPS Growth (%) Range
Min: -38   Max: 57.8
Current: 57.8

-38
57.8
» MAC's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

MAC Guru Trades in Q3 2013

Manning & Napier Advisors, Inc Sold Out
Ray Dalio Sold Out
Jeremy Grantham 34,272 sh (-1.8%)
Pioneer Investments 96,200 sh (-31.04%)
Steven Cohen 4,211 sh (-71.93%)
» More
Q4 2013

MAC Guru Trades in Q4 2013

Steven Cohen 7,162 sh (+70.08%)
Jeremy Grantham 34,805 sh (+1.56%)
Pioneer Investments 93,600 sh (-2.7%)
» More
Q1 2014

MAC Guru Trades in Q1 2014

Pioneer Investments 95,400 sh (+1.92%)
Louis Moore Bacon 150,000 sh (unchged)
Jeremy Grantham 29,800 sh (-14.38%)
Steven Cohen 4,709 sh (-34.25%)
» More
Q2 2014

MAC Guru Trades in Q2 2014

Pioneer Investments 95,100 sh (-0.31%)
Jeremy Grantham 28,200 sh (-5.37%)
» More
» Details

Insider Trades

Latest Guru Trades with MAC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ray Dalio 2013-09-30 Sold Out $55.57 - $65.93 $ 65.138%0
Ray Dalio 2013-06-30 New Buy$57.84 - $70.84 $ 65.13-1%4200
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 42.30
MAC's P/E(ttm) is ranked higher than
64% of the 695 Companies
in the Global REIT - Retail industry.

( Industry Median: 25.80 vs. MAC: 42.30 )
MAC' s 10-Year P/E(ttm) Range
Min: 5.14   Max: 617.58
Current: 42.3

5.14
617.58
P/B 2.83
MAC's P/B is ranked higher than
52% of the 695 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.25 vs. MAC: 2.83 )
MAC' s 10-Year P/B Range
Min: 0.32   Max: 5.24
Current: 2.83

0.32
5.24
P/S 8.81
MAC's P/S is ranked higher than
63% of the 695 Companies
in the Global REIT - Retail industry.

( Industry Median: 7.61 vs. MAC: 8.81 )
MAC' s 10-Year P/S Range
Min: 0.56   Max: 11.27
Current: 8.81

0.56
11.27
PFCF 50.88
MAC's PFCF is ranked higher than
74% of the 695 Companies
in the Global REIT - Retail industry.

( Industry Median: 63.63 vs. MAC: 50.88 )
MAC' s 10-Year PFCF Range
Min: 34.46   Max: 2984
Current: 50.88

34.46
2984
EV-to-EBIT 61.25
MAC's EV-to-EBIT is ranked higher than
58% of the 695 Companies
in the Global REIT - Retail industry.

( Industry Median: 32.35 vs. MAC: 61.25 )
MAC' s 10-Year EV-to-EBIT Range
Min: 15.1   Max: 88.5
Current: 61.25

15.1
88.5
Shiller P/E 38.79
MAC's Shiller P/E is ranked higher than
85% of the 695 Companies
in the Global REIT - Retail industry.

( Industry Median: 9999.00 vs. MAC: 38.79 )
MAC' s 10-Year Shiller P/E Range
Min: 3.35   Max: 55.1
Current: 38.79

3.35
55.1
Current Ratio 0.45
MAC's Current Ratio is ranked higher than
58% of the 582 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.79 vs. MAC: 0.45 )
MAC' s 10-Year Current Ratio Range
Min: 0.09   Max: 2.41
Current: 0.45

0.09
2.41
Quick Ratio 0.45
MAC's Quick Ratio is ranked higher than
60% of the 582 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.77 vs. MAC: 0.45 )
MAC' s 10-Year Quick Ratio Range
Min: 0.09   Max: 2.41
Current: 0.45

0.09
2.41

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.81
MAC's Dividend Yield is ranked lower than
58% of the 636 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.30 vs. MAC: 3.81 )
MAC' s 10-Year Dividend Yield Range
Min: 2.75   Max: 55.2
Current: 3.81

2.75
55.2
Dividend Payout 4.71
MAC's Dividend Payout is ranked higher than
50% of the 695 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.31 vs. MAC: 4.71 )
MAC' s 10-Year Dividend Payout Range
Min: 0.34   Max: 26.59
Current: 4.71

0.34
26.59
Dividend growth (3y) 4.00
MAC's Dividend growth (3y) is ranked higher than
69% of the 410 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.30 vs. MAC: 4.00 )
MAC' s 10-Year Dividend growth (3y) Range
Min: -12.7   Max: 27
Current: 4

-12.7
27
Yield on cost (5-Year) 3.60
MAC's Yield on cost (5-Year) is ranked lower than
64% of the 636 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.68 vs. MAC: 3.60 )
MAC' s 10-Year Yield on cost (5-Year) Range
Min: 2.6   Max: 52.23
Current: 3.6

2.6
52.23
Share Buyback Rate -5.10
MAC's Share Buyback Rate is ranked higher than
79% of the 519 Companies
in the Global REIT - Retail industry.

( Industry Median: -7.10 vs. MAC: -5.10 )
MAC' s 10-Year Share Buyback Rate Range
Min: 14.8   Max: -42.2
Current: -5.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.93
MAC's Price/Tangible Book is ranked higher than
54% of the 695 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.31 vs. MAC: 2.93 )
MAC' s 10-Year Price/Tangible Book Range
Min: 0.35   Max: 9.81
Current: 2.93

0.35
9.81
Price/DCF (Projected) 14.80
MAC's Price/DCF (Projected) is ranked higher than
74% of the 695 Companies
in the Global REIT - Retail industry.

( Industry Median: 10.92 vs. MAC: 14.80 )
MAC' s 10-Year Price/DCF (Projected) Range
Min: 15.18   Max: 61.6
Current: 14.8

15.18
61.6
Price/Median PS Value 1.10
MAC's Price/Median PS Value is ranked higher than
76% of the 695 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.18 vs. MAC: 1.10 )
MAC' s 10-Year Price/Median PS Value Range
Min: 0.08   Max: 1.28
Current: 1.1

0.08
1.28
Price/Graham Number 3.73
MAC's Price/Graham Number is ranked higher than
57% of the 695 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.31 vs. MAC: 3.73 )
MAC' s 10-Year Price/Graham Number Range
Min: 0.29   Max: 5.28
Current: 3.73

0.29
5.28
Earnings Yield (Greenblatt) 1.60
MAC's Earnings Yield (Greenblatt) is ranked higher than
51% of the 629 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.70 vs. MAC: 1.60 )
MAC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.1   Max: 6.6
Current: 1.6

1.1
6.6
Forward Rate of Return (Yacktman) -11.28
MAC's Forward Rate of Return (Yacktman) is ranked higher than
55% of the 528 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.77 vs. MAC: -11.28 )
MAC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -64.9   Max: 18.6
Current: -11.28

-64.9
18.6

Business Description

Industry: REITs » REIT - Retail
Compare:GGP, AKR, CLP, RIOCF, BTLCY » details
Traded in other countries:M6G.Germany
Macerich Company was organized as a Maryland corporation in September 1993. The Company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States. The Company is the sole general partner of, and owns a majority of the ownership interests in, The Macerich Partnership, L.P., a Delaware limited partnership. As of December 31, 2011, the Operating Partnership owned or had an ownership interest in 65 regional shopping centers and 14 community shopping centers totaling approximately 66 million square feet of gross leasable area. The Company is a self-administered and self-managed real estate investment trust (REIT) and conducts all of its operations through the Operating Partnership and the Company's management companies, Macerich Property Management Company, LLC, a single member Delaware limited liability company, Macerich Management Company, a California corporation, Westcor Partners, L.L.C., a single member Arizona limited liability company, Macerich Westcor Management LLC, a single member Delaware limited liability company, Westcor Partners of Colorado, LLC, a Colorado limited liability company, MACW Mall Management, Inc., a New York corporation and MACW Property Management, LLC, a single member New York limited liability company. There are numerous owners and developers of real estate that compete with the Company in its trade areas. There is also increasing competition from other retail formats and technologies, such as lifestyle centers, power centers, internet shopping and home shopping networks, factory outlet centers, discount shopping clubs and mail-order services. In connection with the Company's ownership, operation, management, development and redevelopment of the Centers, or any other centers or properties it acquires in the future, it might be potentially liable under these laws and might incur costs in responding to these liabilities.
» More Articles for MAC

Headlines

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