Macerich (MAC)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from MAC's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Macerich's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $847M | $859M | $884M | $918M | $1.0B |
| Net income | $14M | -$66M | -$274M | -$194M | -$197M |
| Free cash flow | — | — | — | — | — |
| EPS (diluted) | $0.07 | -$0.31 | -$1.28 | -$0.88 | -$0.78 |
| Operating margin | -8.1% | -7.8% | 1.5% | -4.4% | -11.4% |
Superinvestors who own MAC
From each investor's latest 13F filing (what a 13F shows). 4 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Bill Smead Smead Capital Management |
Trimmed | $289M | 6.2% | Q2 2026 |
| Ron Baron Baron Capital (BAMCO) |
Added | $126M | 0.19% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $3M | 0.00% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Trimmed | $298,376 | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by Macerich's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
Are Macerich insiders buying the stock?
No open-market insider purchases of MAC in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own Macerich?
4 of the superinvestors Investingly tracks hold MAC in their latest 13F, including Bill Smead, Ron Baron, Cliff Asness.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.