The Macerich Company (MAC)

From the record

The Macerich Company's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

The Macerich Company's 10 filed years say what it did: revenue went from $1.0 billion in fiscal 2016 to $1.0 billion in fiscal 2025, down 0.3% a year; it rose in 5 of 9 years; the deepest fall was 25% from fiscal 2016 to fiscal 2020; net income was positive in 5 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, The Macerich Company's diluted share count grew about 5.7% a year, and dividends and buybacks returned about 56% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 1 sale and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, The Macerich Company lost about 8 cents for every dollar of shareholders' money. Leverage: it owed about 70 cents per dollar of assets, and net share issuance: its share count grew 14.6% over the year (the filed statements).

From the record

The Macerich Company's standing among 157 graded names in its industry family: revenue of $1.0 billion in fiscal 2025 ranks in the top 37% by size; a net margin of -19.8% ranks in the bottom 14%; revenue growth of 5.7% a year over the last 3 filed years ranks in the top 48% (its annual reports).

From the record

The Macerich Company's leadership, from its insiders' filings and its current reports: no one files under a chief executive's title, so that part is not read; the 11 officers and directors filing in the last fifteen months have been on the record a median of 8.4 years (top 47%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (bottom 8%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

The Macerich Company's room to grow, from the newest filed statements (fiscal 2025): cash of $280 million against debt of $5.1 billion leaves -57.2% of its assets as net cash, bottom 14% of its family; cash from operations less capital spending is 31.7% of revenue (bottom 45%) (its annual report).

From the record

The Macerich Company's growth drivers, from the filed years to fiscal 2025: revenue grew 5.7% a year over the last three filed years against -0.3% over all 10, speeding up (top 17% of its family); the newest year grew 10.4% (top 20%) (its annual reports). The Macerich Company tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

The Macerich Company's newest year against its own record: revenue of $1.0 billion in fiscal 2025 came in 6.8% above the $949 million its prior three years' pace pointed to (top 18% of its family); net income of $201 million against a prior three-year average of $180 million (bottom 37%); a net margin of -19.8% against -20.2% before (top 50%) (its annual reports).