Macerich stock
MACNYSEThe Macerich Company, Real EstateISIN US5543821012
45Score 45 out of 100, Weak
Price and trend
84 / 100
Price history
+44% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 12% above it.
Since September 2025 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 61).
The price is 4.6% below its 52-week high. Largest decline in 20 years: 95% (February 2007 to April 2020).
Chart figures for advanced users
- SMA 50$23.36
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$22.55
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)61
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$16.20
- The lowest closing price of the last twelve months.
- Resistance$26.51
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- The Macerich Company belongs to the REIT (Retail) industry (United States) and, with a market value of $7.46B, is number 11 of 37 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $1.02B (up 10.6% year on year) and a loss of $197.15M.
- For fiscal 2026, analysts expect on average revenue of $995.74M (down 1.9%) and adjusted earnings per share of −$0.16.
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- MEQIRI Score 45 out of 100 (Weak): rank 260 of 327 in Real Estate, median 55.
- For real estate investment trusts (REITs) what counts is funds from operations (FFO and AFFO). The P/E and the payout ratio of earnings say little here, because depreciation on properties depresses earnings.
- Our model puts fair value at $14.40, with the price 76% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
None of our strength checks applies.
Weaknesses
- Interest barely coveredOperating profit covers interest only 0.2 times.Stability 43
- DilutionShare count up 75% since 2020.Capital allocation 20
- Above fair valuePrice 76% above the fair value of $14.40.Valuation 25
Its standout strengths are momentum and technical analysis, while capital allocation and profitability hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 48 to 45.
Fundamental quality fluctuates.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among smaller stocks.
From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- weak fundamentals
What lowers it
- price near its 52-week high
Valuation
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $11.08 and expensive above $20.57 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $16.53 (cash-flow model) and $12.27 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $13.01, at 7.8% it would be $16.48.
Valuation metrics
Half from the cash-flow model, half from FFO per share times the median price to FFO of the REIT industry (13.8). For REITs, depreciation on buildings depresses earnings, so FFO counts instead of earnings, here following the industry rule (Nareit) from the filings with the SEC: gains on property sales are deducted where the company reports them in the standard items. The cash-flow model uses AFFO: operating cash flow less maintenance, estimated at 5% of revenue, and less preferred dividends. New construction and acquisitions do not count as running costs there.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue fell 1% on the twelve months before. Revenue has stayed largely stable since 2006.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 38%, operating 17%, net −19%. Last 12 months: net −10%.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 17 Feb 2027in 96 days
- Last reported
- 4 Nov 2026EPS reported −$0.06 (expected −$0.01)below expectations
Analyst estimates
Analysts have raised their 2027 earnings estimate by 39.4% since 15 Oct 2026.
- Earnings per share
- −$0.16+4.6%
- Revenue
- $991.52M0.0%
- Earnings per share
- $0.20+39.4%
- Revenue
- $1.07B+0.5%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: −1.9%Go-forward NOI growth of at least 3% for 2026 reiterated, with meaningful acceleration expected in 2027 and 2028.
“We continue to expect go-forward portfolio centers NOI growth for the full year 2026 to increase at least 3% over 2025 and to accelerate meaningfully in 2027 and 2028 as the SNO pipeline tenants continue to open and begin paying rent.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 4 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. One insider sold, $63,787 in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- Zecchini Christopher JSale
9 Sept 2026, Chief Accounting Officer
- Shares
- 2,740
- Price
- $23.28
- Value
- $63,787
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Macerich
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
327 rated companies in Real Estate
- This company
- 45
- Sector median
- 55
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in REIT (Retail)
The next larger and next smaller companies by market value
- Federal Realty Investment TrustFRT $9.78B63
- Brixmor Property GroupBRX $9.28B68
- Agree RealtyADC $8.99B62
- NNN REITNNN $7.94B55
- Phillips EdisonPECO $5.32B60
- Kite Realty Group TrustKRG $5.09B61
- TangerSKT $4.56B62
- Acadia Realty TrustAKR $2.8B53
ETFs that hold Macerich
Held by 20 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares US Property Yield UCITS ETFIQQ7 | 0.61% | 0.40% | €554.91M |
| UBS FTSE EPRA Nareit Developed Green UCITS ETF USD disCSYZ | 0.48% | 0.25% | €207.23M |
| State Street SPDR Dow Jones Global Real Estate UCITS ETF (Acc)SPY2 | 0.43% | 0.40% | €52.83M |
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| iShares Developed Markets Property Yield UCITS ETFIQQ6 | 0.42% | 0.59% | €812.71M |
| iShares S&P SmallCap 600 UCITS ETFIUS3 | 0.41% | 0.30% | €2.28B |
| Amundi FTSE EPRA NAREIT Global UCITS ETF Dist10AJ | 0.36% | 0.24% | €603.52M |
| HSBC FTSE EPRA NAREIT Developed UCITS ETFH4ZL | 0.35% | 0.24% | €3.36B |
| State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF (Acc)ZPRR | 0.25% | 0.30% | €4.22B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 31 May 2017)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.