The Macerich Company
- Revenue$847.4 MFY, 2021
- Market Capitalization$2.2 B2022-08-04
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.
| Type | Public | |
| Founded | 1964 | |
| HQ | Santa Monica, CA, US | Map |
| Website | macerich.com | |
| Employee Ratings | ||
| Overall Culture | D | More |
Recent NewsAll News
- Macerich Declares the Quarterly Dividend on Its Common Shares
- Macerich's A-Quality Portfolio Continues to Draw Large-Format Entertainment Tenants
- MACERICH SCHEDULES SECOND QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL
- Macerich Welcomes Leading Retailer to Danbury Fair in Upscale Connecticut Suburb Outside NYC
Key People/Management at The Macerich Company
Thomas E. O'Hern
Chief Executive Officer, Director
Edward C. Coppola
President, Director
Ann C. Menard
Senior Executive Vice President, Chief Legal Officer and Secretary
Christopher Zecchini
Senior Vice President, Chief Accounting Officer
Scott Kingsmore
Senior Executive Vice President, Chief Financial Officer and Treasurer
Will Voegele
Executive Vice President, Chief Development Officer
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
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 (Q1, 2022) | 216.1m |
Net income (Q1, 2022) | (37.4m) |
Market capitalization (4-Aug-2022) | 2.2b |
Closing stock price (4-Aug-2022) | 10.2 |
Cash (31-Mar-2022) | 128.2m |
The Macerich Company's current market capitalization is $2.2 b.
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 226.5m | 228.0m | 231.1m | 227.0m | 178.6m | 185.8m | 190.4m | 215.5m | 212.1m | 216.1m |
Cost of goods sold | 96.1m | 87.5m | 92.0m | 94.4m | 80.2m | 83.3m | 96.2m | 89.3m | 91.5m | |
Gross profit | 130.4m | 140.5m | 139.1m | 132.6m | 98.4m | 102.6m | 94.3m | 126.2m | 120.6m | |
Gross profit Margin, % | 58% | 59% | 57% |
Annual
| USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 445.6m | 67.2m | 65.8m | 69.7m | 84.9m | 86.5m | 94.0m | 91.0m | 102.7m | 100.0m | 465.3m | 112.5m |
Accounts Receivable | 95.1m | 109.1m | 103.7m | 99.5m | 132.0m | 130.0m | 112.7m | 123.5m | 144.0m | 239.2m | 211.4m | |
Inventories | ||||||||||||
Total Assets | 7.6b | 7.9b | 9.3b | 9.1b | 13.1b | 11.3b | 10.0b | 9.6b | 9.0b | 8.9b | 9.2b | 8.3b |
Quarterly
Annual
| USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 25.2m | 169.1m | 366.4m | 449.0m | 1.6b | 522.9m | 554.8m | 161.7m | 69.0m | 102.6m | (245.5m) | 16.2m |
Depreciation and Amortization | 260.3m | 282.6m | 322.7m | 383.0m | 387.8m | 471.3m | 355.4m | 341.3m | 334.7m | 337.7m | 326.1m | 324.4m |
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 | 200.4m | 237.3m | 351.3m | 422.0m | 400.7m | 540.4m | 417.5m | 386.4m | 344.3m | 355.2m | 124.8m | 286.4m |
Quarterly
| USD | Q2, 2010 |
|---|---|
Financial Leverage | 2.4 x |
The Macerich Company Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Wilmorite Holdings LP | December 23, 2004 | $2.3 b |
| Westcor Realty Limited Partnership | May 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 |
The Macerich Company Revenue Breakdown
The Macerich Company revenue breakdown by business segment: 92.9% from Leasing Revenue and 7.1% from Other
The Macerich Company Cybersecurity Score
The Macerich Company Environment, Social & Governance (ESG) Ratings
The Macerich Company Online and Social Media Presence
The Macerich Company's Trends
The Macerich Company Company Culture
Overall Culture
D
56/100
CEO Rating
C-
67/100
Compensation
A-
85/100
The Macerich Company News and Updates
July 20, 2022
Macerich Declares the Quarterly Dividend on Its Common Shares
SANTA MONICA, Calif., July 20, 2022 /PRNewswire/ -- The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.15 per share of common stock. The dividend is payable on September 8, 2022 to stockholders of record at the close of business on August...
July 12, 2022
Macerich's A-Quality Portfolio Continues to Draw Large-Format Entertainment Tenants
-Round1 Will Open Two New Locations- SANTA MONICA, Calif., July 12, 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, today announced a major large-format entertainment...
June 30, 2022
MACERICH SCHEDULES SECOND QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL
SANTA MONICA, Calif. , June 30, 2022 /PRNewswire/ -- WHAT: Macerich (NYSE: MAC) Schedules Second Quarter 2022 Earnings Release WHEN: Earnings Results will be released before market open on Thursday, July 28, 2022. Management will hold a conference call at 10:00 am Pacific Time (1:00 pm...
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...
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.
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