Macerich Reit (MAC) financials
Macerich Reit revenue and earnings by year
Macerich Reit's revenue was $1.01 billion in the fiscal year to December 31, 2025, up 10.4% from the year before. Net income was -$197 million, -19.4% of revenue. Since the fiscal year to December 31, 2016, revenue has shrunk 0.3% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.01 | 0.92 | 0.88 | 0.86 | 0.85 | 0.79 | 0.93 | 0.96 | 0.99 | 1.04 |
| Revenue growth | 10.4% | 3.9% | 2.9% | 1.4% | 7.8% | -15.2% | -3.4% | -3.4% | -4.6% | — |
| Operating income | 0.04 | 0.20 | 0.04 | 0.16 | 0.20 | 0.02 | 0.19 | 0.18 | 0.28 | 0.67 |
| Operating margin | 4.4% | 22.2% | 4.9% | 18.4% | 23.7% | 2.5% | 20.9% | 18.4% | 27.9% | 64.7% |
| Net income | -0.20 | -0.19 | -0.27 | -0.07 | 0.01 | -0.23 | 0.10 | 0.06 | 0.15 | 0.52 |
| Net margin | -19.4% | -21.1% | -31.0% | -7.7% | 1.7% | -29.3% | 10.4% | 6.2% | 14.7% | 49.7% |
| Diluted EPS | -$0.78 | -$0.88 | -$1.28 | -$0.31 | $0.07 | -$1.55 | $0.68 | $0.41 | $1.02 | $3.42 |
| Free cash flow | -0.11 | -0.06 | 0.10 | 0.22 | 0.18 | 0.06 | 0.17 | 0.11 | 0.18 | 0.17 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open MAC in Markets.
See also: MAC valuation and P/E history · MAC returns
No forecast, no recommendation. This page describes Macerich Reit from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.