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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 : 7/10

vs
industry
vs
history
Cash to Debt 0.02
MAC's Cash to Debt is ranked lower than
73% of the 577 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.05 vs. MAC: 0.02 )
Ranked among companies with meaningful Cash to Debt only.
MAC' s 10-Year Cash to Debt Range
Min: 0.01  Med: 0.02 Max: N/A
Current: 0.02
Equity to Asset 0.41
MAC's Equity to Asset is ranked lower than
66% of the 600 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.47 vs. MAC: 0.41 )
Ranked among companies with meaningful Equity to Asset only.
MAC' s 10-Year Equity to Asset Range
Min: 0.12  Med: 0.21 Max: 0.43
Current: 0.41
0.12
0.43
Interest Coverage 1.34
MAC's Interest Coverage is ranked lower than
79% of the 472 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.85 vs. MAC: 1.34 )
Ranked among companies with meaningful Interest Coverage only.
MAC' s 10-Year Interest Coverage Range
Min: 0.67  Med: 1.10 Max: 1.64
Current: 1.34
0.67
1.64
F-Score: 5
Z-Score: 1.49
M-Score: -2.46
WACC vs ROIC
7.12%
2.54%
WACC
ROIC
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 : 5/10

vs
industry
vs
history
Operating margin (%) 21.07
MAC's Operating margin (%) is ranked lower than
73% of the 612 Companies
in the Global REIT - Retail industry.

( Industry Median: 44.89 vs. MAC: 21.07 )
Ranked among companies with meaningful Operating margin (%) only.
MAC' s 10-Year Operating margin (%) Range
Min: 20.31  Med: 32.29 Max: 48.94
Current: 21.07
20.31
48.94
Net-margin (%) 122.53
MAC's Net-margin (%) is ranked higher than
90% of the 612 Companies
in the Global REIT - Retail industry.

( Industry Median: 35.81 vs. MAC: 122.53 )
Ranked among companies with meaningful Net-margin (%) only.
MAC' s 10-Year Net-margin (%) Range
Min: 3.54  Med: 18.68 Max: 135.63
Current: 122.53
3.54
135.63
ROE (%) 32.50
MAC's ROE (%) is ranked higher than
96% of the 614 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.96 vs. MAC: 32.50 )
Ranked among companies with meaningful ROE (%) only.
MAC' s 10-Year ROE (%) Range
Min: 1.06  Med: 9.95 Max: 33.32
Current: 32.5
1.06
33.32
ROA (%) 12.98
MAC's ROA (%) is ranked higher than
93% of the 623 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.19 vs. MAC: 12.98 )
Ranked among companies with meaningful ROA (%) only.
MAC' s 10-Year ROA (%) Range
Min: 0.34  Med: 2.30 Max: 13.51
Current: 12.98
0.34
13.51
ROC (Joel Greenblatt) (%) 18.66
MAC's ROC (Joel Greenblatt) (%) is ranked higher than
55% of the 507 Companies
in the Global REIT - Retail industry.

( Industry Median: 10.30 vs. MAC: 18.66 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
MAC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 3.46  Med: 7.43 Max: 19.19
Current: 18.66
3.46
19.19
Revenue Growth (3Y)(%) 10.00
MAC's Revenue Growth (3Y)(%) is ranked higher than
83% of the 422 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.30 vs. MAC: 10.00 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
MAC' s 10-Year Revenue Growth (3Y)(%) Range
Min: -17  Med: 3.00 Max: 16.8
Current: 10
-17
16.8
EBITDA Growth (3Y)(%) 40.30
MAC's EBITDA Growth (3Y)(%) is ranked higher than
91% of the 375 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.80 vs. MAC: 40.30 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
MAC' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0  Med: -8.90 Max: 40.3
Current: 40.3
0
40.3
EPS Growth (3Y)(%) 83.20
MAC's EPS Growth (3Y)(%) is ranked higher than
93% of the 315 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.90 vs. MAC: 83.20 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
MAC' s 10-Year EPS Growth (3Y)(%) Range
Min: -38  Med: 11.70 Max: 83.2
Current: 83.2
-38
83.2
» MAC's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2014

MAC Guru Trades in Q3 2014

Jim Simons 243,900 sh (New)
Chris Davis 61,714 sh (New)
Jeremy Grantham 41,500 sh (+47.16%)
Pioneer Investments 91,700 sh (unchged)
» More
Q4 2014

MAC Guru Trades in Q4 2014

Jim Simons 671,500 sh (+175.32%)
Jeremy Grantham 35,900 sh (-13.49%)
Chris Davis 43,554 sh (-29.43%)
Pioneer Investments 64,200 sh (-29.99%)
» More
Q1 2015

MAC Guru Trades in Q1 2015

David Dreman 2,541 sh (New)
Third Avenue Management 629,026 sh (New)
Jim Simons 1,092,964 sh (+62.76%)
Jeremy Grantham 37,300 sh (+3.90%)
Chris Davis Sold Out
Pioneer Investments 39,300 sh (-38.79%)
» More
Q2 2015

MAC Guru Trades in Q2 2015

Chris Davis 168,187 sh (New)
Steven Cohen 8,300 sh (New)
Paul Tudor Jones 3,149 sh (New)
Third Avenue Management 1,716,226 sh (+172.84%)
Pioneer Investments 42,900 sh (+9.16%)
David Dreman Sold Out
Jeremy Grantham 31,800 sh (-14.75%)
Jim Simons 584,800 sh (-46.49%)
» 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%)

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Top Ranked Articles about Macerich Co

Third Avenue Management Raises Stake in Macerich
Martin Whitman (Trades, Portfolio)’s Third Avenue Management (Trades, Portfolio) puts its faith in a company’s current balance sheet rather than potential future revenues when making its investments. It’s a philosophy that has worked for Third Avenue, which recorded returns of 4.88% last year, 18.84% in 2013 and 27.48% in 2012. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 7.72
MAC's P/E(ttm) is ranked higher than
82% of the 501 Companies
in the Global REIT - Retail industry.

( Industry Median: 16.30 vs. MAC: 7.72 )
Ranked among companies with meaningful P/E(ttm) only.
MAC' s 10-Year P/E(ttm) Range
Min: 5.14  Med: 35.40 Max: 617.58
Current: 7.72
5.14
617.58
Forward P/E 68.49
MAC's Forward P/E is ranked lower than
95% of the 319 Companies
in the Global REIT - Retail industry.

( Industry Median: 18.02 vs. MAC: 68.49 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 7.90
MAC's PE(NRI) is ranked higher than
82% of the 493 Companies
in the Global REIT - Retail industry.

( Industry Median: 16.60 vs. MAC: 7.90 )
Ranked among companies with meaningful PE(NRI) only.
MAC' s 10-Year PE(NRI) Range
Min: 6.01  Med: 59.19 Max: 321.43
Current: 7.9
6.01
321.43
P/B 2.21
MAC's P/B is ranked lower than
86% of the 607 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.13 vs. MAC: 2.21 )
Ranked among companies with meaningful P/B only.
MAC' s 10-Year P/B Range
Min: 0.32  Med: 2.73 Max: 5.24
Current: 2.21
0.32
5.24
P/S 9.47
MAC's P/S is ranked lower than
74% of the 618 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.98 vs. MAC: 9.47 )
Ranked among companies with meaningful P/S only.
MAC' s 10-Year P/S Range
Min: 0.56  Med: 8.22 Max: 12.05
Current: 9.47
0.56
12.05
PFCF 77.49
MAC's PFCF is ranked lower than
89% of the 208 Companies
in the Global REIT - Retail industry.

( Industry Median: 20.36 vs. MAC: 77.49 )
Ranked among companies with meaningful PFCF only.
MAC' s 10-Year PFCF Range
Min: 49.98  Med: 91.48 Max: 2984
Current: 77.49
49.98
2984
POCF 24.33
MAC's POCF is ranked lower than
85% of the 517 Companies
in the Global REIT - Retail industry.

( Industry Median: 14.45 vs. MAC: 24.33 )
Ranked among companies with meaningful POCF only.
MAC' s 10-Year POCF Range
Min: 2.05  Med: 23.14 Max: 41.93
Current: 24.33
2.05
41.93
EV-to-EBIT 10.61
MAC's EV-to-EBIT is ranked higher than
78% of the 545 Companies
in the Global REIT - Retail industry.

( Industry Median: 20.60 vs. MAC: 10.61 )
Ranked among companies with meaningful EV-to-EBIT only.
MAC' s 10-Year EV-to-EBIT Range
Min: 15.1  Med: 57.40 Max: 88.5
Current: 10.61
15.1
88.5
PEG 0.84
MAC's PEG is ranked higher than
69% of the 164 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.85 vs. MAC: 0.84 )
Ranked among companies with meaningful PEG only.
MAC' s 10-Year PEG Range
Min: 0.36  Med: 5.72 Max: 121.96
Current: 0.84
0.36
121.96
Shiller P/E 22.84
MAC's Shiller P/E is ranked lower than
53% of the 286 Companies
in the Global REIT - Retail industry.

( Industry Median: 21.40 vs. MAC: 22.84 )
Ranked among companies with meaningful Shiller P/E only.
MAC' s 10-Year Shiller P/E Range
Min: 3.37  Med: 35.66 Max: 55.42
Current: 22.84
3.37
55.42
Current Ratio 0.38
MAC's Current Ratio is ranked lower than
75% of the 573 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.91 vs. MAC: 0.38 )
Ranked among companies with meaningful Current Ratio only.
MAC' s 10-Year Current Ratio Range
Min: 0.09  Med: 0.72 Max: 2.41
Current: 0.38
0.09
2.41
Quick Ratio 0.38
MAC's Quick Ratio is ranked lower than
73% of the 573 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.80 vs. MAC: 0.38 )
Ranked among companies with meaningful Quick Ratio only.
MAC' s 10-Year Quick Ratio Range
Min: 0.09  Med: 0.72 Max: 2.41
Current: 0.38
0.09
2.41
Days Sales Outstanding 35.21
MAC's Days Sales Outstanding is ranked lower than
65% of the 504 Companies
in the Global REIT - Retail industry.

( Industry Median: 18.46 vs. MAC: 35.21 )
Ranked among companies with meaningful Days Sales Outstanding only.
MAC' s 10-Year Days Sales Outstanding Range
Min: 7.31  Med: 47.69 Max: 64.2
Current: 35.21
7.31
64.2

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.41
MAC's Dividend Yield is ranked lower than
96% of the 794 Companies
in the Global REIT - Retail industry.

( Industry Median: 5.22 vs. MAC: 3.41 )
Ranked among companies with meaningful Dividend Yield only.
MAC' s 10-Year Dividend Yield Range
Min: 2.69  Med: 3.93 Max: 55.2
Current: 3.41
2.69
55.2
Dividend Payout 0.26
MAC's Dividend Payout is ranked higher than
92% of the 620 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.91 vs. MAC: 0.26 )
Ranked among companies with meaningful Dividend Payout only.
MAC' s 10-Year Dividend Payout Range
Min: 0.07  Med: 1.94 Max: 26.59
Current: 0.26
0.07
26.59
Dividend growth (3y) 7.00
MAC's Dividend growth (3y) is ranked higher than
67% of the 327 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.20 vs. MAC: 7.00 )
Ranked among companies with meaningful Dividend growth (3y) only.
MAC' s 10-Year Dividend growth (3y) Range
Min: -12.7  Med: 4.70 Max: 7
Current: 7
-12.7
7
Yield on cost (5-Year) 3.61
MAC's Yield on cost (5-Year) is ranked lower than
94% of the 795 Companies
in the Global REIT - Retail industry.

( Industry Median: 5.53 vs. MAC: 3.61 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
MAC' s 10-Year Yield on cost (5-Year) Range
Min: 2.81  Med: 4.11 Max: 57.73
Current: 3.61
2.81
57.73
Share Buyback Rate -2.90
MAC's Share Buyback Rate is ranked higher than
73% of the 399 Companies
in the Global REIT - Retail industry.

( Industry Median: -7.00 vs. MAC: -2.90 )
Ranked among companies with meaningful Share Buyback Rate only.
MAC' s 10-Year Share Buyback Rate Range
Min: 14.8  Med: -12.90 Max: -42.2
Current: -2.9

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.30
MAC's Price/Tangible Book is ranked lower than
85% of the 597 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.17 vs. MAC: 2.30 )
Ranked among companies with meaningful Price/Tangible Book only.
MAC' s 10-Year Price/Tangible Book Range
Min: 0.35  Med: 2.58 Max: 9.81
Current: 2.3
0.35
9.81
Price/Projected FCF 4.29
MAC's Price/Projected FCF is ranked lower than
84% of the 266 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.41 vs. MAC: 4.29 )
Ranked among companies with meaningful Price/Projected FCF only.
MAC' s 10-Year Price/Projected FCF Range
Min: 4.24  Med: 18.08 Max: 137
Current: 4.29
4.24
137
Price/Median PS Value 1.14
MAC's Price/Median PS Value is ranked lower than
65% of the 567 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.05 vs. MAC: 1.14 )
Ranked among companies with meaningful Price/Median PS Value only.
MAC' s 10-Year Price/Median PS Value Range
Min: 0.07  Med: 0.73 Max: 1.32
Current: 1.14
0.07
1.32
Price/Peter Lynch Fair Value 0.35
MAC's Price/Peter Lynch Fair Value is ranked higher than
87% of the 145 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.24 vs. MAC: 0.35 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
MAC' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.35  Med: 2.46 Max: 27.39
Current: 0.35
0.35
27.39
Price/Graham Number 0.87
MAC's Price/Graham Number is ranked higher than
50% of the 492 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.91 vs. MAC: 0.87 )
Ranked among companies with meaningful Price/Graham Number only.
MAC' s 10-Year Price/Graham Number Range
Min: 0.29  Med: 1.69 Max: 5.28
Current: 0.87
0.29
5.28
Earnings Yield (Greenblatt) (%) 9.45
MAC's Earnings Yield (Greenblatt) (%) is ranked higher than
80% of the 594 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.40 vs. MAC: 9.45 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
MAC' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 1.1  Med: 1.70 Max: 9.74
Current: 9.45
1.1
9.74
Forward Rate of Return (Yacktman) (%) 19.64
MAC's Forward Rate of Return (Yacktman) (%) is ranked higher than
83% of the 339 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.35 vs. MAC: 19.64 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
MAC' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: -76.6  Med: -5.80 Max: 29.1
Current: 19.64
-76.6
29.1

Analyst Estimate

Dec15 Dec16
Revenue(Mil) 1,036 1,100
EPS($) 0.90 1.10
EPS without NRI($) 0.90 1.10

Business Description

Industry: REITs » REIT - Retail
Compare:GGP, AKR, CLP, RIOCF, BTLCY » details
Traded in other countries:M6G.Germany,
Macerich Co 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. 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

Articles On GuruFocus.com
Third Avenue Management Raises Stake in Macerich Aug 26 2015 
Insiders keep on buying Macerich Co and Seattle Genetics May 22 2015 
Insiders' New Buys : MAC, SPB, PDVW, HNSN, THRX, RSG, CVX May 18 2015 
Insiders new buys : ZU, SGEN, MAC, SHLD, TBRA May 12 2015 
Simon Properties And Macerich Co. Buyout Deal Uncertain Mar 23 2015 
Simon Properties Sweetens It Offer For Macerich Mar 23 2015 
Realty Income Corp (O) Dividend Stock Analysis May 23 2014 
Let's Take a Closer Look at Macerich Apr 09 2014 
Billionaire Bargain-Hunter Finds Four with Yield, Down Since Gurus Bought Oct 30 2013 
10 Dividend Stocks Sharing the Fruits of Increased Dividends Oct 28 2013 

More From Other Websites
Third Avenue Management Raises Stake in Macerich Aug 26 2015
US Mortgage Applications Rise: Construction Fund Rises by 0.39% Aug 14 2015
Macerich (MAC) Rides on NOI Growth: Should You Hold it? Aug 11 2015
MACERICH CO Financials Aug 11 2015
Macerich Co. Earnings Q2*, 2015 Aug 11 2015
10-Q for Macerich Co. Aug 06 2015
MACERICH CO Files SEC form 10-Q, Quarterly Report Aug 04 2015
How The Largest U.S. REIT Hit An Earnings 'Trifecta' Jul 27 2015
Edited Transcript of MAC earnings conference call or presentation 23-Jul-15 8:30pm GMT Jul 24 2015
Macerich Declares The Quarterly Dividend On Its Common Shares Jul 24 2015
The Macerich (MAC) Earnings Report: Q2 2015 Conference Call Transcript Jul 24 2015
Macerich Co Earnings Call scheduled for 4:30 pm ET today Jul 23 2015
Macerich (MAC) Beats on Q2 FFO, Raises 2015 Guidance - Analyst Blog Jul 23 2015
Macerich (MAC) Beats Q2 FFO Estimates, Raises Guidance - Tale of the Tape Jul 23 2015
Macerich reports 2Q results Jul 23 2015
Macerich reports 2Q results Jul 23 2015
MACERICH CO Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD... Jul 23 2015
Macerich Announces Quarterly Results Jul 23 2015
Q2 2015 Macerich Co Earnings Release - Before Market Open Jul 23 2015
Coverage initiated on Macerich by Canaccord Genuity Jul 22 2015

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