The Macerich Company (MAC) Fair Value & Analysis
Real Estate · US · Market cap $7.3B
Fair value as of: Jun 26, 2026
From 15 valuation models · updated 3 days ago
Share price +15.1% over the past month.
Price vs Fair Value (12 months)
12‑month range $15.32 – $25.57 · fair‑value band $5.15 – $16.87 · the $25.48 price screens above the $6.96 fair value. As of Jun 26, 2026.
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The Macerich Company (MAC) currently trades at $25.48, while our model-based Fair Value estimate is $6.96 — implying the stock looks roughly 72.7% overvalued today. We read business quality at 94/100 (high quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, The Macerich Company generated revenue of $1.0B at a net margin of -17.9%. Revenue declined 6.7% year over year. It earns a return on equity of -7.1%. Net debt stands at $5.2B. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
The Macerich Company is a fully integrated, self-managed, self-administered real estate investment trust (REIT). As a leading owner, operator, and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns approximately 41 million square feet of real estate, consisting primarily of interests in 39 retail centers. The Macerich Company was incorporated in 1964 in Maryland and is based in Santa Monica, California.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
The Macerich Company reported revenue of $1.0B in FY2025 versus $847M in FY2021, a compound +4.6%/yr. Reported net income was −$197M in FY2025.
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Similar stocks
6 more REIT - Retail stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Simon Property Group SPG | $216.74 | $127.96 | -41% |
| Realty Income Corporation O | 1,055 MXN | 664.56 MXN | -37% |
| Unibail-Rodamco-Westfield SE UNBLF | $117.90 | $115.55 | -2% |
| Kimco Realty Corporation KIM | $24.38 | $12.65 | -48% |
| Scentre Group STGPF | $2.65 | $2.31 | -13% |
| CapitaLand Integrated Commercial Trust (CICT or the Trust) CPAMF | $1.86 | $1.07 | -42% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.