Macerich Co (N:MAC)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | STE 700, 401 WILSHIRE BLVD SANTA MONICA CA 90401 |
| Tel: | 1-424-2293363 |
| Website: | https://www.macerich.com |
| IR: | See website |
| Key People | ||
| Jackson Hsieh President, Chief Executive Officer, Director | Scott W. Kingsmore Chief Financial Officer, Senior Executive Vice President, Treasurer | Ann C. Menard Senior Executive Vice President, Chief Legal Officer, Secretary |
| Douglas J. Healey Senior Executive Vice President, Head - Leasing | Kenneth L. Volk Executive Vice President - Business Development | |
| Business Overview |
| The Macerich Company is a self-administered and self-managed real estate investment trust (REIT). The Company conducts its operations through The Macerich Partnership, L.P. (the Operating Partnership). The Company is focused on the acquisition, ownership, development, redevelopment, management, and leasing of regional and community/power shopping centers located throughout the United States. The Company, through its operating partnership, owns ownership interests in approximately 46 million square feet of real estate, consisting primarily of 43 regional town centers, three community/power shopping centers and one redevelopment property. The property management, leasing and redevelopment of the Company's portfolio is provided by the Company's management companies, including Macerich Property Management Company, LLC, Macerich Management Company, Macerich Arizona Partners LLC, Macerich Arizona Management LLC, MACW Mall Management, Inc., and MACW Property Management, LLC. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Macerich Co revenues increased 3% to $884.1M. Net loss applicable to common stockholders increased from $66.9M to $274.9M. Revenues reflect NAREIT FFO - Per Share - Basic - Total increase of 6% to $1.92, NAREIT FFO - Per Share - Diluted - Total increase of 6% to $1.92, Other income increase of 49% to $44.9M, Leasing revenue increase of 1% to $809M. |
| Employees: | 654 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $7,726M as of Dec 31, 2023 |
| Annual revenue (TTM): | $884.07M as of Dec 31, 2023 |
| EBITDA (TTM): | $473.97M as of Dec 31, 2023 |
| Net annual income (TTM): | -$274.94M as of Dec 31, 2023 |
| Free cash flow (TTM): | $27.62M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $4,244M as of Dec 31, 2023 |
| Shares outstanding: | 215,750,149 as of Mar 22, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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