MACERICH COMACEarnings & Financial Report
The Macerich Company is a real estate investment trust that invests in shopping centers. It is the third-largest owner and operator of shopping centers in the United States. As of December 31, 2024, the company owned interests in 43 properties comprising 43 million square feet of leasable area. The company name is a portmanteau of its founders, Mace Siegel and Richard Cohen.
Revenue
$208.8M
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$-126.7M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
-60.7%
YoY Growth
-2.8%
EPS
$-0.59
MACERICH CO Q1 FY2024 Financial Summary
MACERICH CO reported revenue of $208.8M (down 2.8% YoY) for Q1 FY2024, with a net profit of $-126.7M (down 115.8% YoY) (-60.7% margin).
Key Financial Metrics
| Total Revenue | $208.8M |
|---|---|
| Net Profit | $-126.7M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q1 FY2024 |
Revenue Breakdown
MACERICH CO Q1 FY2024 revenue of $208.8M breaks down across 4 segments, led by Corporate Joint Venture at $194.1M (92.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Corporate Joint Venture | $194.1M | 92.9% |
| Real Estate Other | $8.9M | 4.3% |
| Management Service | $8.2M | 3.9% |
| Related Party | $7.0M | 3.4% |
MACERICH CO Revenue by Segment — Quarterly Trend
MACERICH CO revenue by segment across the last 4 reported quarters, showing how each business line (such as Corporate Joint Venture and Real Estate Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Corporate Joint Venture | — | $152.6M | $156.8M | — |
| Real Estate Other | — | $10.6M | $11.1M | — |
| Management Service | — | $5.4M | $5.9M | — |
MACERICH CO Annual Revenue by Year
MACERICH CO annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.0B |
| 2024 | $918.2M |
| 2023 | $884.1M |
| 2022 | $859.2M |
MACERICH CO Quarterly Revenue & Net Profit History
MACERICH CO results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $261.7M | -4.4% | $-18.8M | -7.2% |
| Q3 FY2025 | $253.3M | +15.0% | $-87.4M | -34.5% |
| Q2 FY2025 | $249.8M | +15.9% | $-40.9M | -16.4% |
| Q1 FY2025 | $249.2M | +19.4% | $-50.1M | -20.1% |
| Q4 FY2024 | $273.7M | +14.7% | $-211.2M | -77.2% |
| Q3 FY2024 | $220.2M | +0.9% | $-108.2M | -49.1% |
| Q2 FY2024 | $215.5M | +1.5% | $252.0M | 116.9% |
| Q1 FY2024 | $208.8M | -2.8% | $-126.7M | -60.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $208.8M | $215.5M | $220.2M | $273.7M | $249.2M | $249.8M | $253.3M | $261.7M |
| YoY Growth | -2.8% | 1.5% | 0.9% | 14.7% | 19.4% | 15.9% | 15.0% | -4.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $7.36B | $7.78B | $7.59B | $8.57B | $8.68B | $8.73B | $8.42B | $8.37B |
| Liabilities | $5.00B | $5.19B | $5.00B | $5.72B | $5.94B | $6.07B | $5.84B | $5.84B |
| Equity | $2.29B | $2.51B | $2.51B | $2.76B | $2.66B | $2.59B | $2.51B | $2.45B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $61.1M | $67.4M | $100.0M | $54.9M | $88.5M | $70.5M | $112.4M | $50.2M |