Macerich Co (MAC)

Index:

S&P 500

$ 16.11
   
  • Change Today:
    $0.40
  • 52 Week High: $22.11
  • 52 Week Low: $13.24
  • Currency: US Dollars
  • Shares Issued: 252.93m
  • Volume: 1,325,522
  • Market Cap: $4,074.62m
  • RiskGrade: 519
  • Beta: 1.34

Fundamentals - based on IFRS

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Income Statement 31-Dec-24 31-Dec-23 31-Dec-19 31-Dec-18 31-Dec-17
Continuing Operations          
Revenue 918.20 884.07 927.46 960.35 993.66
Operating Profit/(Loss) 218.37 51.26 206.15 208.38 234.68
Profit Before Tax (198.96) (278.59) 100.96 65.37 177.27
Profit After Tax (197.66) (278.10) 102.55 68.97 161.67
           
Earnings per Share - Basic (88.00¢) (31.98¢) 68.00¢ 42.00¢ 102.00¢
Earnings per Share - Adjusted (88.00¢) (31.98¢) 68.00¢ 42.00¢ 102.00¢
           
Dividend per Share 68.00¢ 16.99¢ 300.00¢ 297.00¢ 287.00¢
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 31-Dec-24 31-Dec-23 31-Dec-19 31-Dec-18 31-Dec-17
Assets          
Non-Current Assets          
Property, Plant & Equipment 7,208.15 6,019.15 6,791.60 6,785.78 7,109.23
Intangible Assets n/a n/a n/a n/a n/a
Other Non-Current Assets n/a n/a n/a n/a n/a
  7,208.15 6,019.15 6,791.60 6,785.78 7,109.23
Current Assets          
Inventories n/a n/a n/a n/a n/a
Cash at Bank & in Hand 89.86 94.94 100.00 102.71 91.04
Other Current Assets n/a n/a n/a n/a n/a
  89.86 94.94 100.00 102.71 91.04
           
Other Assets 1,269.03 1,399.42 1,961.97 2,138.32 2,405.59
Total Assets 8,567.04 7,513.51 8,853.57 9,026.81 9,605.86
Current Liabilities          
Borrowings n/a n/a n/a n/a n/a
Other Current Liabilities n/a n/a n/a n/a n/a
           
Current Liabilities n/a n/a n/a n/a n/a
           
Net Current Assets c89.86 c94.94 c100.00 c102.71 c91.04
           
Borrowings 5,064.53 4,309.67 5,209.98 4,982.46 5,170.26
Other Non-Current Liabilities n/a n/a n/a n/a n/a
Non-Current Liabilities 5,064.53 4,309.67 5,209.98 4,982.46 5,170.26
           
Other Liabilities 660.08 676.24 812.62 855.92 467.60
Total Liabilities 5,724.61 4,985.91 6,022.60 5,838.38 5,637.86
           
Net Assets 2,842.43 2,527.60 2,830.97 3,188.43 3,968.00
           
Shareholders Funds 2,756.49 2,447.02 2,632.26 2,950.23 3,681.58
           
Minority Interests/Other Equity 85.94 80.58 198.71 238.20 286.42
Total Equity 2,842.43 2,527.60 2,830.97 3,188.43 3,968.00
Cash Flow 31-Dec-24 31-Dec-23 31-Dec-19 31-Dec-18 31-Dec-17
Net Cash Flow From Operating Activities 283.45 295.20 355.16 344.31 386.39
Net Cash Flow from Investing Activities 19.79 52.54 (112.03) 176.32 178.99
Net Cash Flow from Financing Activities (316.05) (338.89) (278.22) (514.44) (566.27)
Net Increase/Decrease In Cash (12.81) 8.85 (35.08) 6.20 (0.89)
Ratios - based on IFRS 31-Dec-24 31-Dec-23 31-Dec-19 31-Dec-18 31-Dec-17
Continuing Operations          
PE Ratio - Adjusted n/a n/a 39.6 102.7 64.4
PEG - Adjusted n/a n/a 0.6 n/a n/a
Earnings per Share Growth - Adjusted n/a n/a 62% -59% -71%
Dividend Cover (1.29) (1.88) 0.23 0.14 0.36
Revenue per Share 363.03¢ 87.33¢ 366.69¢ 379.70¢ 392.87¢
Pre-Tax Profit per Share (78.67¢) (27.52¢) 39.91¢ 25.84¢ 70.09¢
Operating Margin 23.78% 5.80% 22.23% 21.70% 23.62%
Return on Capital Employed n/a n/a 1.26% 0.80% 1.94%
           
Dividend Yield 3.4% 1.1% 11.1% 6.9% 4.4%
Dividend per Share Growth 300.27% (94.34%) 1.01% 3.48% 4.36%
Operating Cash Flow per Share 112.07¢ 29.16¢ 140.42¢ 136.13¢ 152.77¢
Cash Incr/Decr per Share (5.07¢) 0.88¢ (13.87¢) 2.45¢ (0.35¢)
Net Asset Value per Share (exc. Intangibles) 1,123.82¢ 999.35¢ 1,119.29¢ 1,260.62¢ 1,568.84¢
Net Gearing 180.47% 172.24% 194.13% 165.40% 137.96%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Forecast figures based on normalised accounts.

 

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