WinstonWınston
Back
Stock

The Macerich Company

MAC
34
REIT - Retail · Real Estate
Also trades as: 0JX5.L GBP 0.24 (+1.77%)
Price
$24.10
+0.15 (+0.63%)
Market Cap
$7.11B
Exchange
New York Stock Exchange
Winston Score
34
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Oct 25, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Mixed
9/30
Growth
Mixed
8/20
Cash Flow
Mixed
3/10
Stability
Weak
2/10
Valuation
Data not available
0/10
Ownership
Good
10/15
Dividends
Mixed
2/5

34 of 100 counted points = Winston Score 34.

Track this stock — start free trial

Share count rising — dilution

+29.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 198.1M (2021) → 256.6M (2025)

§Winston Score History

The full picture

Macerich owns and operates shopping malls across the United States. Its properties are large, enclosed malls that house hundreds of retail tenants — including department stores, clothing brands, restaurants, and entertainment venues. Macerich focuses on "Class A" malls, which are higher-end properties located in densely populated, affluent markets, particularly on the West Coast and in major metro areas.

Macerich makes money by collecting rent from the stores and businesses that lease space inside its malls. It operates as a Real Estate Investment Trust (REIT), meaning it is required to pay out most of its taxable income to shareholders as dividends. The company owns or has stakes in roughly 40 to 50 properties, giving it a portfolio concentrated in markets with high barriers to entry — meaning it is hard for competitors to build nearby. The key risk is the ongoing shift toward online shopping, which continues to pressure traditional mall retailers and could reduce tenant demand and rental income over time.

Politician Trades

1 trades / 12mo

0 Congressional buys and 1 sell on MAC in the last 12 months.

Unlock the full Smart Money Map — every trade plotted on the price chart with politicians, amounts and returns since each trade. Founder's Deal is $57/mo locked for life.

Unlock politician trades

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-0.0% YoY

YoY Growth Rate

Revenue declining

Reported EPS Growth

+37.5% YoY

Quarterly reporting periods ended:

30 Jun 2025: $-0.16

30 Jun 2026: $-0.10

Reported/statutory EPS, not adjusted or underlying earnings. One-off items can affect this figure. Provider rounding can affect the growth rate.

YoY Growth Rate

Reported EPS increased year over year

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

12.4%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~8 years

$931M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$931M cash & investments at current burn rate

Revenue declining

The Macerich Company's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
68.8%
Premium pricing power — 68.8% gross margin
Profit after running costs
Operating Margin
-11.1%
Losing money on operations — -11.1%
Return on the money invested
ROCE
1.3%
Weak — 1.3% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+1.6%
Nearly flat sales (+1.6% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
N/A
—
Data not available
Spare cash per sale
FCF Margin
12.8%
Converts sales into free cash efficiently (12.8%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
1.71
Elevated debt (1.71)
Covers its interest
Interest Cover
0.47x
Dangerous — barely covers interest (0.5x)

Interest coverage below 1. Their profits don't cover the interest bill.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
N/M
—
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
3.06%
Moderate income — 3.06% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+0.0%
Dividend flat

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial