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The Macerich Company

  • Revenue$847.4 MFY, 2021
  • Market Capitalization$1.9 B2022-06-30

OverviewSuggest Edit

Macerich is a real estate investment trust that provides property management and leasing services for third parties. It focuses on the acquisition, ownership, development, redevelopment, management, and leasing of regional and community shopping centers.
TypePublic
Founded1964
HQSanta Monica, CA, USMap
Websitemacerich.com
Employee Ratings3.5
Overall CultureDMore
View Jobs (26)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2021)639(-3%)
Job Openings26
Revenue (FY, 2021)$847.4 M(+8%)
Share Price (Jun 2022)$8.7(-2%)
Cybersecurity ratingBMore
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Key People/Management at The Macerich Company

Thomas E. O'Hern

Thomas E. O'Hern

Chief Executive Officer, Director
Edward C. Coppola

Edward C. Coppola

President, Director
Ann C. Menard

Ann C. Menard

Senior Executive Vice President, Chief Legal Officer and Secretary
Christopher Zecchini

Christopher Zecchini

Senior Vice President, Chief Accounting Officer
Scott Kingsmore

Scott Kingsmore

Senior Executive Vice President, Chief Financial Officer and Treasurer
Will Voegele

Will Voegele

Executive Vice President, Chief Development Officer
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The Macerich Company Office Locations

The Macerich Company has offices in Santa Monica, Dallas, McLean, New York and in 2 other locations
Santa Monica, CA, US (HQ)
401 Wilshire Blvd #700
Dallas, TX, US
8214 Westchester Dr #500
McLean, VA, US
1961 Chain Bridge Rd #305
New York, NY, US
500 5th Ave #2310
Phoenix, AZ, US
11411 N Tatum Blvd
Pittsford, NY, US
1162 Pittsford Victor Rd #100
Show all (6)

The Macerich Company Financials and Metrics

The Macerich Company Revenue

The Macerich Company's revenue was reported to be $847.44 m in FY, 2021
USD

Revenue (FY, 2021)

847.4m

Gross profit (FY, 2021)

466.6m

Gross profit margin (FY, 2021), %

55.1%

Net income (FY, 2021)

16.2m

Market capitalization (30-Jun-2022)

1.9b

Closing stock price (30-Jun-2022)

8.7

Cash (31-Dec-2021)

112.5m
The Macerich Company's current market capitalization is $1.9 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

927.5m786.0m847.4m

Cost of goods sold

368.0m348.0m380.9m

Gross profit

559.5m438.0m466.6m

Gross profit Margin, %

55%
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

226.5m228.0m231.1m227.0m178.6m185.8m190.4m215.5m212.1m

Cost of goods sold

96.1m87.5m92.0m94.4m80.2m83.3m96.2m89.3m91.5m

Gross profit

130.4m140.5m139.1m132.6m98.4m102.6m94.3m126.2m120.6m

Gross profit Margin, %

58%59%57%
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Cash

445.6m67.2m65.8m69.7m84.9m86.5m94.0m91.0m102.7m100.0m465.3m112.5m

Accounts Receivable

95.1m109.1m103.7m99.5m132.0m130.0m112.7m123.5m144.0m239.2m211.4m

Inventories

Total Assets

7.6b7.9b9.3b9.1b13.1b11.3b10.0b9.6b9.0b8.9b9.2b8.3b
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

596.7m486.4m188.0m73.2m139.4m229.3m89.8m76.6m68.8m46.9m62.1m64.9m56.5m58.5m118.2m110.3m93.0m106.5m73.1m84.2m92.3m87.1m71.1m118.2m92.5m93.5m111.0m104.9m98.3m497.6m528.4m1.1b194.0m

Accounts Receivable

84.3m86.5m92.2m86.6m94.9m98.2m98.2m108.3m99.8m96.4m94.7m100.8m97.9m108.0m113.5m118.4m123.1m113.2m110.7m126.8m112.5m116.1m111.2m94.1m92.1m105.3m104.7m124.1m129.7m237.6m234.9m227.8m186.3m

Total Assets

7.7b7.7b7.5b7.4b7.6b8.1b7.7b7.6b9.8b9.5b9.2b9.0b9.1b9.2b13.2b13.4b13.4b10.2b10.0b9.9b9.7b9.7b9.6b9.2b9.1b9.0b9.0b8.9b8.8b9.2b9.2b9.7b8.6b

Accounts Payable

59.0m72.5m74.3m69.8m87.2m77.3m57.6m74.8m89.2m71.6m85.4m89.1m66.7m89.7m115.0m109.4m92.2m64.5m52.8m62.0m63.4m56.6m69.6m67.4m57.9m61.3m59.0m52.9m61.3m58.7m71.9m59.3m51.5m
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Net Income

25.2m169.1m366.4m449.0m1.6b522.9m554.8m161.7m69.0m102.6m(245.5m)16.2m

Depreciation and Amortization

260.3m282.6m322.7m383.0m387.8m471.3m355.4m341.3m334.7m337.7m326.1m324.4m

Accounts Payable

(8.6m)(11.8m)13.4m(747.0k)(123.0k)(4.0m)(8.9m)(5.8m)(2.2m)(237.0k)15.5m(6.7m)

Cash From Operating Activities

200.4m237.3m351.3m422.0m400.7m540.4m417.5m386.4m344.3m355.2m124.8m286.4m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q2, 2020Q3, 2020Q2, 2021

Net Income

(6.8m)1.6m34.0k(19.2m)(6.2m)(11.7m)132.8m180.1m22.5m257.3m298.2m19.6m37.6m76.4m26.7m42.4m78.7m451.4m500.8m514.0m74.8m103.9m123.1m(34.4m)(25.5m)55.7m8.8m22.8m72.8m(18.0m)(40.6m)(71.8m)

Depreciation and Amortization

125.3m191.7m68.0m137.4m208.8m81.0m156.8m234.4m95.5m191.4m285.9m90.6m180.4m273.8m122.4m243.5m362.7m88.2m175.1m263.5m84.6m169.2m253.8m81.5m162.4m246.0m83.2m167.4m251.9m165.8m246.5m162.6m

Accounts Payable

(19.8m)(6.8m)2.9m(3.6m)13.3m1.8m4.8m16.3m15.1m(3.7m)10.4m8.0m(15.1m)780.0k18.3m7.8m2.8m(6.2m)(15.4m)(6.5m)4.3m(2.0m)11.3m13.2m4.2m6.7m8.7m935.0k13.1m13.0m27.2m(15.4m)

Cash From Operating Activities

72.8m126.8m41.5m89.9m86.2m144.6m256.2m107.5m182.8m328.9m97.9m190.6m296.9m162.1m272.9m413.7m107.8m207.7m319.1m102.7m190.2m299.9m95.0m164.9m247.2m98.8m165.1m272.0m(15.4m)65.1m113.0m
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USDQ2, 2010

Financial Leverage

2.4 x
Show all financial metrics

The Macerich Company Acquisitions / Subsidiaries

Company NameDateDeal Size
Wilmorite Holdings LPDecember 23, 2004$2.3 b
Westcor Realty Limited PartnershipMay 31, 2002$1.5 b
801-GALLERY ASSOCIATES, L.P.
801-GALLERY C-3 ASSOCIATES, L.P.
801-GALLERY GP, LLC
801 MARKET VENTURE GP LLC
Amphenol Sincere Industrial Product Gyarto. Kft
AM TYSONS LLC
BILTMORE SHOPPING CENTER PARTNERS LLC
BROOKLYN KINGS PLAZA LLC
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The Macerich Company Revenue Breakdown

Embed Graph

The Macerich Company revenue breakdown by business segment: 92.9% from Leasing Revenue and 7.1% from Other

Human Capital Metrics

Source: www.sec.gov, www.sec.gov
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The Macerich Company Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

Learn more about our premium products
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The Macerich Company Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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The Macerich Company Online and Social Media Presence

The Macerich Company's Trends

Embed Graph

The Macerich Company Company Culture

  • Overall Culture

    D

    56/100

  • CEO Rating

    C-

    67/100

  • Compensation

    A-

    85/100

Learn more on Comparably

The Macerich Company News and Updates

June 21, 2022

Macerich Welcomes Leading Retailer to Danbury Fair in Upscale Connecticut Suburb Outside NYC

-A-Quality Portfolio Continues Successful Anchor-Replacement Activity- SANTA MONICA, Calif., June 21, 2022 /PRNewswire/ -- Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of one-of-a-kind retail and mixed-use properties in top markets, has announced it...
June 09, 2022

MACERICH RELEASES 2021 CORPORATE RESPONSIBILITY REPORT

Report highlights progress of company's industry-leading sustainability strategy, reinforces commitment to positive action SANTA MONICA, Calif., June 9, 2022 /PRNewswire/ -- Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of one-of-a-kind retail and...
June 01, 2022

MACERICH TO PRESENT AT NAREIT'S REITWEEK: 2022 INVESTOR CONFERENCE

SANTA MONICA, Calif., June 1, 2022 /PRNewswire/ -- Macerich® (NYSE: MAC), today announced that Tom O'Hern, Chief Executive Officer and Director, Scott Kingsmore, Senior Executive Vice President and Chief Financial Officer, and Doug Healey, Senior Executive Vice President Leasing will...
May 17, 2022

MACERICH TO WELCOME 17 COTTON ON GROUP STORES ACROSS U.S. PORTFOLIO

The Cotton On Group stores coming to Macerich properties include both Cotton On and Cotton On KIDS, as well as several combination "megastore" concepts comprising both, and select locations with Cotton On Body. As Cotton On Group continues to take its brands to the world, the company prioritizes Doi…
May 09, 2022

MACERICH DECLARES THE QUARTERLY DIVIDEND ON ITS COMMON SHARES

, /PRNewswire/ -- The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.15 per share of common stock. Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT), which focuses on the acquisition, leasing, manage…
April 07, 2022

MACERICH SCHEDULES FIRST QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL

SANTA MONICA, Calif., April 7, 2022 /PRNewswire/ -- WHAT: Macerich (NYSE: MAC) Schedules First Quarter 2022 Earnings Release WHEN: Earnings Results will be released before market open on Monday, May 9, 2022. Management will hold a conference call at 10:00 am Pacific Time (1:00 pm Eastern...
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 The Macerich Company Frequently Asked Questions

  • When was The Macerich Company founded?

    The Macerich Company was founded in 1964.

  • Who are The Macerich Company key executives?

    The Macerich Company's key executives are Thomas E. O'Hern, Edward C. Coppola and Ann C. Menard.

  • How many employees does The Macerich Company have?

    The Macerich Company has 639 employees.

  • What is The Macerich Company revenue?

    Latest The Macerich Company annual revenue is $847.4 m.

  • What is The Macerich Company revenue per employee?

    Latest The Macerich Company revenue per employee is $1.3 m.

  • Who are The Macerich Company competitors?

    Competitors of The Macerich Company include Prologis, CBRE USA and CBRE Group.

  • Where is The Macerich Company headquarters?

    The Macerich Company headquarters is located at 401 Wilshire Blvd #700, Santa Monica.

  • Where are The Macerich Company offices?

    The Macerich Company has offices in Santa Monica, Dallas, McLean, New York and in 2 other locations.

  • How many offices does The Macerich Company have?

    The Macerich Company has 6 offices.