MAC · Macerich Co
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 4, 2026TL;DR. Macerich delivered Q2 2026 FFO as adjusted of $0.35 per share (vs. $0.34 prior year) with Go-Forward Portfolio NOI growth of 3.8%, ahead-of-schedule leasing at 88% of the five-year plan, and record portfolio sales of $919/sf. The company raised additional capital via a $372M forward equity offering to fund accretive acquisitions and reduced net debt to adjusted EBITDA to 7.3x (pro forma below 7x), while $1.2B in liquidity and ongoing dispositions support further deleveraging.
- + Leasing speedometer reached 88%, ahead of the 85% mid-year target, with strong demand pushing leasing into 2029 and 2030.
- + Leased occupancy rose to 94.0% portfolio-wide and 95.5% in the Go-Forward Portfolio, with Go-Forward up 270 bps year-over-year.
- + Net debt to adjusted EBITDA fell to 7.3x (pro forma below 7.0x including forward equity proceeds), down over 1.5 turns since the Path Forward plan outset.
- − Twenty Ninth Street $76M loan remains in default after February 2026 maturity with no resolution announced.
- − GAAP net loss attributable to the Company of $27.1 million ($0.10 per share) in Q2 2026, though improved from a $40.9M loss in Q2 2025.
- − Remaining 2026 debt maturities may require asset sales, refinancings, loan modifications, or property givebacks.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
REIT - Retail — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
MAC
this stock
Macerich Co
|
$6.42B | +22.6% | +10.4% | — | 10.7% |
|
SPG
Simon Property Group Inc.
|
$66.43B | +10.9% | +6.7% | 14.5 | 2.9% |
|
O
Realty Income Corp
|
$53.61B | +0.5% | +9.1% | 41.4 | 4.3% |
|
UNBLF
Unibail-Rodamco SE/ADR
|
$17.05B | +1.8% | — | — | 0.0% |
|
KIM
Kimco Realty Corp
|
$15.11B | +11.1% | +5.1% | 26.2 | 4.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| MAC | +0.1% | -8.3% | +23.5% | -4.2% | +22.6% |
| SPY | -0.3% | -0.1% | +20.1% | -0.7% | +11.7% |
| vs SPY | +0.4% | -8.2% | +3.3% | -3.5% | +10.9% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.