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Last $78.78 USD
Change Today +0.29 / 0.37%
Volume 750.5K
MAC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

macerich co/the (MAC) Snapshot

Open
$78.63
Previous Close
$78.49
Day High
$78.83
Day Low
$78.01
52 Week High
03/16/15 - $95.93
52 Week Low
09/26/14 - $62.62
Market Cap
12.5B
Average Volume 10 Days
1.1M
EPS TTM
$10.24
Shares Outstanding
158.3M
EX-Date
08/18/15
P/E TM
7.7x
Dividend
$2.60
Dividend Yield
3.26%
Current Stock Chart for MACERICH CO/THE (MAC)

macerich co/the (MAC) Related Businessweek News

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macerich co/the (MAC) Details

The Macerich Company is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It primarily engages in acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States. The Macerich Company was founded in 1964 and is headquartered in Santa Monica, California with additional offices in Phoenix, Arizona; Dallas, Texas; Pittsford, New York.

976 Employees
Last Reported Date: 02/23/15
Founded in 1965

macerich co/the (MAC) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.0M
President and Director
Total Annual Compensation: $800.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $550.0K
Executive Vice President of Leasing
Total Annual Compensation: $500.0K
Chief Legal Officer, Senior Executive Vice Pr...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2014.

macerich co/the (MAC) Key Developments

The Macerich Company Declares Quarterly Dividend on Common Shares, Payable on September 8, 2015

The Board of Directors of The Macerich Company declared quarterly cash dividend of $0.65 per share of common stock. The dividend is payable on September 8, 2015 to stockholders of record at the close of business on August 20, 2015.

The Macerich Company Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Funds Flow Guidance for the Full Year of Fiscal 2015

The Macerich Company announced unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced total revenues of $322,794,000 compared to $254,337,000 for the same period a year ago. Net income was $15,746,000 compared to $17,986,000 for the same period a year ago. Net income attributable to the company was $14,395,000 compared to $16,088,000 for the same period a year ago. Net income per share, basic and diluted was $0.09 compared to $0.11 for the same period a year ago. FFO, basic and diluted was $150,993,000 compared to $129,825,000 for the same period a year ago. FFO, diluted, excluding extinguishment of debt and costs related to unsolicited takeover offer was $164,025,000 compared to $129,825,000 for the same period a year ago. FFO per share, basic and diluted was $0.89 compared to $0.86 for the same period a year ago. FFO per share - diluted, excluding extinguishment of debt and costs related to unsolicited takeover offer was $0.97 compared to $0.86 for the same period a year ago. EBITDA was $216,925,000 compared to $189,196,000 for the same period a year ago. NOI - all centers was $242,693,000 compared to $203,461,000 for the same period a year ago. NOI - same centers was $223,445,000 compared to $207,758,000 for the same period a year ago. For the six months, the company announced total revenues of $641,129,000 compared to $518,845,000 for the same period a year ago. Net income was $42,413,000 compared to $37,629,000 for the same period a year ago. Net income attributable to the company was $39,006,000 compared to $33,907,000 for the same period a year ago. Net income per share, basic and diluted was $0.24 compared to $0.24 for the same period a year ago. FFO, basic and diluted was $284,527,000 compared to $251,384,000 for the same period a year ago. FFO, diluted, excluding extinguishment of debt and costs related to unsolicited takeover offer was $308,886,000 compared to $251,742,000 for the same period a year ago. FFO per share, basic and diluted was $1.68 compared to $1.67 for the same period a year ago. FFO per share - diluted, excluding extinguishment of debt and costs related to unsolicited takeover offer was $1.83 compared to $1.67 for the same period a year ago. EBITDA was $409,118,000 compared to $374,614,000 for the same period a year ago. NOI - all centers was $471,751,000 compared to $407,731,000 for the same period a year ago. NOI - same centers was $437,740,000 compared to $411,841,000 for the same period a year ago. The company revised funds flow guidance for the full year of fiscal 2015. Management of the company is increasing its previously provided FFO per share guidance range to $3.86 to $3.94 up from $3.83 to $3.93. The guidance does not include the impact of gains or losses on early extinguishment of debt or expenses related to an unsolicited takeover attempt.

The Macerich Company to Report Q2, 2015 Results on Jul 23, 2015

The Macerich Company announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Jul 23, 2015

 

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CBL & Associates Properties Inc $16.13 USD +0.15
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Weingarten Realty Investors $35.24 USD +0.62
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