Macerich Co (Macerich Co) Retained Earnings : $-3,063.8 Mil (As of Dec. 2023)

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What is Macerich Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Macerich Co's retained earnings for the quarter that ended in Dec. 2023 was $-3,063.8 Mil.

Macerich Co's quarterly retained earnings declined from Jun. 2023 ($-2,790.1 Mil) to Sep. 2023 ($-3,089.3 Mil) but then increased from Sep. 2023 ($-3,089.3 Mil) to Dec. 2023 ($-3,063.8 Mil).

Macerich Co's annual retained earnings declined from Dec. 2021 ($-2,443.7 Mil) to Dec. 2022 ($-2,643.1 Mil) and declined from Dec. 2022 ($-2,643.1 Mil) to Dec. 2023 ($-3,063.8 Mil).

Macerich Co Retained Earnings Historical Data

The historical data trend for Macerich Co's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Macerich Co Retained Earnings Chart

Macerich Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-1,944.01

-2,339.62

-2,443.70

-2,643.09

-3,063.79

Macerich Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-2,643.09	-2,738.53	-2,790.10	-3,089.30	-3,063.79

Macerich Co Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Macerich Co (NYSE:MAC) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Macerich Co (Macerich Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Macerich Co (NYSE:MAC) » Definitions » Retained Earnings

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Traded in Other Exchanges

M6G:Germany

Address

401 Wilshire Boulevard, Suite 700, Santa Monica, CA, USA, 90401

Website

https://www.macerich.com

The Macerich Company is an S&P 500 company that invests in premium mall assets. The company owns 28 regional malls in its consolidated portfolio and 16 regional malls in its unconsolidated portfolio along with four power centers and seven other real estate assets. The company's total portfolio has 47.0 million square feet of gross leasable area and averaged $869 sales per square foot over the 12 months ending in December 2022.

Executives

Christopher J Zecchini	officer: Chief Accounting Officer	401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401
Scott W Kingsmore	officer: Chief Financial Officer	401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401
Kenneth Volk	officer: SVP, Chief Marketing Officer	401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401
Edward C Coppola	director, officer: Executive Vice President	THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401
O Hern Thomas E	officer: EVP, Treasurer & CFO	THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401
Ann C Menard	officer: EVP, CLO and Secretary	401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401
Doug J Healey	officer: EVP, Leasing	401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401
Marianne Lowenthal	director	401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401
Enrique Jr Hernandez	director	INTER-CON SECURITY SYSTEMS, INC., 210 SOUTH DELACEY AVENUE, PASADENA CA 91105
Steven L Soboroff	director	THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401
Ontario Teachers Pension Plan Board	10 percent owner	5650 YONGE STREET, TORONTO A6 M2M 4H5
Dana K Anderson	director, officer: Vice Chairman of the Board	THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401
Andrea M Stephen	director	THE MACERICH COMPANY, 401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401
Alschuler John H Jr	director	C/O SL GREEN REALTY CORP, 420 LEXINGTON SUITE 1900, NEW YORK NY 10170
Steve Hash	director	C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101