MACMACERICH CO
Real Estate Investment Trusts
- Revenue
- $1.0B
- 10% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $4.6B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear59% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $847M | $859M | $884M | $918M | $1.0B | 10% |
| Net income | $14M | −$66M | −$274M | −$195M | −$197M | 1.1% |
| Operating cash flow | $286M | $338M | $296M | $283M | $322M | 13% |
| Stock-based comp | $14M | $18M | $13M | $12M | $18M | 50% |
| Dividends | $143M | $186M | $159M | $161M | $188M | 17% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $64K · 1
- Net
- −$64K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 211 | 174 |
| FY2024 | — | — | 219 | 166 |
| FY2023 | — | — | 166 | 146 |
| FY2022 | — | — | 114 | 132 |
| FY2021 | — | — | 168 | 152 |