Forecast

The analysts' average price target is +21,92€ (+5,89%). The median is +22,31€ (+7,78%).

Buy	12
Hold	19
Sell	4

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Macerich Partnership plans $600 million issuance of senior exchangeable notes

Macerich Partnership announced a private placement of $600 million principal amount of senior, unsecured exchangeable notes due August 15, 2031, and is granting purchasers a 13‑day option to purchase an additional $90 million. Interest will be paid semiannually and holders will have an exchange right under certain conditions; cash‑settlement limits and a mix of cash or stock settlement are possible. The notes are callable beginning August 20, 2029 if the share price exceeds specified thresholds and may also be redeemed to preserve REIT status. Planned use of proceeds includes capped‑call hedges to reduce dilution, refinancing of secured indebtedness and general corporate purposes. The offering is being made pursuant to Rule 144A and is not registered under the Securities Act. » More on de.investing.com
Macerich leads rally among mall REITs after 34.2% quarterly gain

Mall REITs returned an average of 22.4% in Q2 2026, outperforming the broader REIT sector (+12.2%). Macerich posted the highest return at 34.2% after balance-sheet optimization, portfolio tightening and an acquisition; Simon Property Group returned 21.2% and Tanger 17.1%. The group's short interest rose 78.1% during the quarter to 5.8% of the float, with Macerich seeing the largest increase (+89.1%) and the highest short interest at 9.2%; days to cover fell from 5.0 to 3.5. » More on de.investing.com
Macerich places 19.2 million shares at $21 and raises about $403.2 million

Macerich set the price for a firm‑commitment placement of 19,200,000 common shares at $21.00 per share, yielding gross proceeds of approximately $403.2 million. The offering price is below the current trading price; the syndicate banks have a 30‑day option to purchase up to 2,880,000 additional shares. The transaction is expected to close on May 13, 2026, subject to customary conditions. Net proceeds are intended primarily to repay borrowings under the revolving credit facility (including to finance the acquisition of the Annapolis Mall) and for general corporate purposes and strategic investments. » More on de.investing.com

Historical dividends Dividends

All dividend metrics All metrics

In 2026, Macerich has already paid 0,30€ in dividends. The last payout was in June.

Financials

In the last quarter, Macerich had revenue of 218.80m€ and net profit of −23.72m€

(EUR)	Jun 2026	YoY
Revenue	+218.80m	3,24%
Gross profit	+150.51m	29,07%
Net profit	−23.72m	31,65%
EBITDA	+109.45m	6,27%

Fundamentals

Metric	Value
Market capitalization	+6.20b€
Number of shares	297.56m
52-week high/low	+22,89€ - +13,76€
Dividend yield	+2,81%
Dividends TTM	+0,59€
Beta	2,07
P/E ratio	−37,34
PEG ratio	−0,40
P/B ratio	+2,35
P/S ratio	+7,16

Company profile

Macerich ist ein vollständig integrierter, selbstverwalteter und -geführter Real Estate Investment Trust, der sich auf den Erwerb, die Vermietung, das Management, die Entwicklung und die Sanierung von regionalen Einkaufszentren in den Vereinigten Staaten konzentriert. Macerich besitzt derzeit 51 Millionen Quadratfuß an Immobilien, die hauptsächlich aus Beteiligungen an 47 regionalen Einkaufszentren bestehen. Macerich hat sich auf erfolgreiche Einzelhandelsimmobilien in vielen der attraktivsten, dicht besiedelten Märkte des Landes spezialisiert, mit einer bedeutenden Präsenz an der Westküste, in Arizona, Chicago und im Korridor der Metro New York bis Washington, DC. Als anerkannter Vorreiter in Sachen Nachhaltigkeit hat Macerich fünf Jahre in Folge (2015 - 2019) die Nummer 1 im GRESB-Ranking des nordamerikanischen Einzelhandelssektors erreicht.