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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 0.02
MAC's Cash to Debt is ranked lower than
51% of the 815 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.03 vs. MAC: 0.02 )
Ranked among companies with meaningful Cash to Debt only.
MAC' s 10-Year Cash to Debt Range
Min: 0.01   Max: N/A
Current: 0.02

Equity to Asset 0.42
MAC's Equity to Asset is ranked higher than
54% of the 814 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.39 vs. MAC: 0.42 )
Ranked among companies with meaningful Equity to Asset only.
MAC' s 10-Year Equity to Asset Range
Min: 0.12   Max: 0.43
Current: 0.42

0.12
0.43
Interest Coverage 1.34
MAC's Interest Coverage is ranked higher than
56% of the 815 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.85 vs. MAC: 1.34 )
Ranked among companies with meaningful Interest Coverage only.
MAC' s 10-Year Interest Coverage Range
Min: 0.67   Max: 1.64
Current: 1.34

0.67
1.64
F-Score: 5
Z-Score: 1.59
M-Score: -2.52
WACC vs ROIC
6.82%
2.70%
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 (%) 21.31
MAC's Operating margin (%) is ranked lower than
53% of the 814 Companies
in the Global REIT - Retail industry.

( Industry Median: 25.41 vs. MAC: 21.31 )
Ranked among companies with meaningful Operating margin (%) only.
MAC' s 10-Year Operating margin (%) Range
Min: 20.31   Max: 48.94
Current: 21.31

20.31
48.94
Net-margin (%) 129.92
MAC's Net-margin (%) is ranked higher than
93% of the 813 Companies
in the Global REIT - Retail industry.

( Industry Median: 17.63 vs. MAC: 129.92 )
Ranked among companies with meaningful Net-margin (%) only.
MAC' s 10-Year Net-margin (%) Range
Min: 3.54   Max: 135.63
Current: 129.92

3.54
135.63
ROE (%) 35.94
MAC's ROE (%) is ranked higher than
98% of the 815 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.05 vs. MAC: 35.94 )
Ranked among companies with meaningful ROE (%) only.
MAC' s 10-Year ROE (%) Range
Min: 1.06   Max: 33.32
Current: 35.94

1.06
33.32
ROA (%) 14.05
MAC's ROA (%) is ranked higher than
96% of the 815 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.82 vs. MAC: 14.05 )
Ranked among companies with meaningful ROA (%) only.
MAC' s 10-Year ROA (%) Range
Min: 0.34   Max: 13.51
Current: 14.05

0.34
13.51
ROC (Joel Greenblatt) (%) 2.75
MAC's ROC (Joel Greenblatt) (%) is ranked higher than
51% of the 814 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.49 vs. MAC: 2.75 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
MAC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 2.39   Max: 15.07
Current: 2.75

2.39
15.07
Revenue Growth (3Y)(%) 10.00
MAC's Revenue Growth (3Y)(%) is ranked higher than
92% of the 814 Companies
in the Global REIT - Retail industry.

( Industry Median: -100.00 vs. MAC: 10.00 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
MAC' s 10-Year Revenue Growth (3Y)(%) Range
Min: -17   Max: 16.8
Current: 10

-17
16.8
EBITDA Growth (3Y)(%) 40.30
MAC's EBITDA Growth (3Y)(%) is ranked higher than
96% of the 815 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.00 vs. MAC: 40.30 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
MAC' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 40.3
Current: 40.3

0
40.3
EPS Growth (3Y)(%) 83.20
MAC's EPS Growth (3Y)(%) is ranked higher than
98% of the 815 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.00 vs. MAC: 83.20 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
MAC' s 10-Year EPS Growth (3Y)(%) Range
Min: -38   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

Q2 2014

MAC Guru Trades in Q2 2014

Pioneer Investments 95,100 sh (-0.31%)
Jeremy Grantham 28,200 sh (-5.37%)
» More
Q3 2014

MAC Guru Trades in Q3 2014

Chris Davis 61,714 sh (New)
Jim Simons 243,900 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
» 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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Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 8.10
MAC's P/E(ttm) is ranked higher than
89% of the 810 Companies
in the Global REIT - Retail industry.

( Industry Median: 30.80 vs. MAC: 8.10 )
Ranked among companies with meaningful P/E(ttm) only.
MAC' s 10-Year P/E(ttm) Range
Min: 5.14   Max: 617.58
Current: 8.1

5.14
617.58
Forward P/E 60.61
MAC's Forward P/E is ranked lower than
68% of the 813 Companies
in the Global REIT - Retail industry.

( Industry Median: 26.60 vs. MAC: 60.61 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 8.20
MAC's PE(NRI) is ranked higher than
90% of the 810 Companies
in the Global REIT - Retail industry.

( Industry Median: 51.80 vs. MAC: 8.20 )
Ranked among companies with meaningful PE(NRI) only.
MAC' s 10-Year PE(NRI) Range
Min: 6.01   Max: 321.43
Current: 8.2

6.01
321.43
P/B 2.30
MAC's P/B is ranked lower than
91% of the 753 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.20 vs. MAC: 2.30 )
Ranked among companies with meaningful P/B only.
MAC' s 10-Year P/B Range
Min: 0.32   Max: 5.24
Current: 2.3

0.32
5.24
P/S 10.49
MAC's P/S is ranked lower than
89% of the 814 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.00 vs. MAC: 10.49 )
Ranked among companies with meaningful P/S only.
MAC' s 10-Year P/S Range
Min: 0.56   Max: 12.05
Current: 10.49

0.56
12.05
PFCF 111.10
MAC's PFCF is ranked higher than
64% of the 814 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.00 vs. MAC: 111.10 )
Ranked among companies with meaningful PFCF only.
MAC' s 10-Year PFCF Range
Min: 49.98   Max: 2984
Current: 111.1

49.98
2984
POCF 26.46
MAC's POCF is ranked lower than
54% of the 814 Companies
in the Global REIT - Retail industry.

( Industry Median: 22.50 vs. MAC: 26.46 )
Ranked among companies with meaningful POCF only.
MAC' s 10-Year POCF Range
Min: 2.05   Max: 41.93
Current: 26.46

2.05
41.93
EV-to-EBIT 80.26
MAC's EV-to-EBIT is ranked lower than
58% of the 814 Companies
in the Global REIT - Retail industry.

( Industry Median: 45.45 vs. MAC: 80.26 )
Ranked among companies with meaningful EV-to-EBIT only.
MAC' s 10-Year EV-to-EBIT Range
Min: 15.1   Max: 88.5
Current: 80.26

15.1
88.5
PEG 0.87
MAC's PEG is ranked higher than
94% of the 810 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.00 vs. MAC: 0.87 )
Ranked among companies with meaningful PEG only.
MAC' s 10-Year PEG Range
Min: 0.63   Max: 121.96
Current: 0.87

0.63
121.96
Shiller P/E 25.30
MAC's Shiller P/E is ranked higher than
73% of the 815 Companies
in the Global REIT - Retail industry.

( Industry Median: 279.70 vs. MAC: 25.30 )
Ranked among companies with meaningful Shiller P/E only.
MAC' s 10-Year Shiller P/E Range
Min: 3.35   Max: 55.42
Current: 25.3

3.35
55.42
Current Ratio 0.38
MAC's Current Ratio is ranked lower than
51% of the 815 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.41 vs. MAC: 0.38 )
Ranked among companies with meaningful Current Ratio only.
MAC' s 10-Year Current Ratio Range
Min: 0.09   Max: 2.41
Current: 0.38

0.09
2.41
Quick Ratio 0.38
MAC's Quick Ratio is ranked higher than
51% of the 815 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.37 vs. MAC: 0.38 )
Ranked among companies with meaningful Quick Ratio only.
MAC' s 10-Year Quick Ratio Range
Min: 0.09   Max: 2.41
Current: 0.38

0.09
2.41
Days Sales Outstanding 35.74
MAC's Days Sales Outstanding is ranked higher than
60% of the 813 Companies
in the Global REIT - Retail industry.

( Industry Median: 70.22 vs. MAC: 35.74 )
Ranked among companies with meaningful Days Sales Outstanding only.
MAC' s 10-Year Days Sales Outstanding Range
Min: 7.31   Max: 64.2
Current: 35.74

7.31
64.2

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.12
MAC's Dividend Yield is ranked lower than
90% of the 814 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.00 vs. MAC: 3.12 )
Ranked among companies with meaningful Dividend Yield only.
MAC' s 10-Year Dividend Yield Range
Min: 2.69   Max: 55.2
Current: 3.12

2.69
55.2
Dividend Payout 0.25
MAC's Dividend Payout is ranked higher than
93% of the 813 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.21 vs. MAC: 0.25 )
Ranked among companies with meaningful Dividend Payout only.
MAC' s 10-Year Dividend Payout Range
Min: 0.07   Max: 26.59
Current: 0.25

0.07
26.59
Dividend growth (3y) 7.00
MAC's Dividend growth (3y) is ranked higher than
87% of the 814 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.00 vs. MAC: 7.00 )
Ranked among companies with meaningful Dividend growth (3y) only.
MAC' s 10-Year Dividend growth (3y) Range
Min: -12.7   Max: 7
Current: 7

-12.7
7
Yield on cost (5-Year) 3.24
MAC's Yield on cost (5-Year) is ranked lower than
86% of the 814 Companies
in the Global REIT - Retail industry.

( Industry Median: 5.31 vs. MAC: 3.24 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
MAC' s 10-Year Yield on cost (5-Year) Range
Min: 2.81   Max: 57.73
Current: 3.24

2.81
57.73
Share Buyback Rate -2.90
MAC's Share Buyback Rate is ranked higher than
87% of the 814 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.00 vs. MAC: -2.90 )
Ranked among companies with meaningful Share Buyback Rate only.
MAC' s 10-Year Share Buyback Rate Range
Min: 14.8   Max: -42.2
Current: -2.9

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.50
MAC's Price/Tangible Book is ranked lower than
70% of the 815 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.40 vs. MAC: 2.50 )
Ranked among companies with meaningful Price/Tangible Book only.
MAC' s 10-Year Price/Tangible Book Range
Min: 0.99   Max: 5.06
Current: 2.5

0.99
5.06
Price/DCF (Projected) 4.70
MAC's Price/DCF (Projected) is ranked higher than
61% of the 814 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.00 vs. MAC: 4.70 )
Ranked among companies with meaningful Price/DCF (Projected) only.
MAC' s 10-Year Price/DCF (Projected) Range
Min: 4.64   Max: 137
Current: 4.7

4.64
137
Price/Median PS Value 1.30
MAC's Price/Median PS Value is ranked lower than
53% of the 814 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.20 vs. MAC: 1.30 )
Ranked among companies with meaningful Price/Median PS Value only.
MAC' s 10-Year Price/Median PS Value Range
Min: 0.07   Max: 1.33
Current: 1.3

0.07
1.33
Price/Peter Lynch Fair Value 0.60
MAC's Price/Peter Lynch Fair Value is ranked higher than
94% of the 807 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.00 vs. MAC: 0.60 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
MAC' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.66   Max: 27.39
Current: 0.6

0.66
27.39
Price/Graham Number 0.90
MAC's Price/Graham Number is ranked higher than
71% of the 813 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.50 vs. MAC: 0.90 )
Ranked among companies with meaningful Price/Graham Number only.
MAC' s 10-Year Price/Graham Number Range
Min: 0.29   Max: 5.28
Current: 0.9

0.29
5.28
Earnings Yield (Greenblatt) 1.20
MAC's Earnings Yield (Greenblatt) is ranked lower than
61% of the 815 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.40 vs. MAC: 1.20 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) only.
MAC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.1   Max: 6.6
Current: 1.2

1.1
6.6
Forward Rate of Return (Yacktman) 10.89
MAC's Forward Rate of Return (Yacktman) is ranked higher than
89% of the 814 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.00 vs. MAC: 10.89 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) only.
MAC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -76.6   Max: 29.1
Current: 10.89

-76.6
29.1

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
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 
Insider Buys at 52-Week Lows Aug 24 2013 

More From Other Websites
Macerich downgraded by Credit Suisse May 26 2015
MACERICH CO Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits May 21 2015
Dealpolitik: Pension Fund Doubles Down on Macerich Strategy May 20 2015
Macerich (MAC) Eyes Portfolio Improvement: Is It a Hold? - Analyst Blog May 15 2015
Macerich Opens VITA Residences at Tysons Corner Center - Analyst Blog May 13 2015
MACERICH CO Financials May 13 2015
Macerich Announces Opening Of VITA Residences At Tysons Corner Center May 12 2015
Macerich Announces Opening Of VITA Residences At Tysons Corner Center May 12 2015
MACERICH CO Files SEC form 8-K, Entry into a Material Definitive Agreement, Termination of a... May 12 2015
Mobiquity Technologies Partners With Macerich to Expand Beacon Network May 11 2015
10-Q for Macerich Co. May 09 2015
Insider Buying Massive This Week as Market Roller Coaster Continues May 09 2015
MACERICH CO Files SEC form 10-Q, Quarterly Report May 07 2015
Sears’ Lampert tells investors he has the cash to speed up a turnaround May 06 2015
Macerich's Tysons Tower Named 2014 Best New Office Development By Washington Business Journal May 06 2015
Macerich's Tysons Tower Named 2014 Best New Office Development By Washington Business Journal May 06 2015
1 Analyst Weighs In On Simon Property Group's Activity, Earnings & Guidance May 05 2015
MACERICH CO Files SEC form 8-K, Other Events, Financial Statements and Exhibits May 05 2015
[$$] Macerich Settles Proxy Fight With Two Activist Hedge Funds May 04 2015
Macerich settles with investor group, to add two independent directors May 04 2015

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