Macerich Company (The) Announces Quarterly Dividend of $0.17 (NYSE:MAC)

Macerich Company (The) (NYSE:MAC) announced a quarterly dividend on Tuesday, August 4th. Investors of record on Monday, September 14th will be given a dividend of 0.17 per share by the real estate investment trust on Monday, September 28th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, September 14th.

Macerich has decreased its dividend by an average of 0.1%annually over the last three years. Macerich has a payout ratio of -2,266.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Macerich to earn $1.64 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 41.5%.

Macerich Price Performance

Macerich stock opened at $25.64 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $7.27 billion, a PE ratio of -36.11, a P/E/G ratio of 1.82 and a beta of 2.07. Macerich has a 12 month low of $16.03 and a 12 month high of $26.67. The stock has a 50-day moving average price of $24.73 and a two-hundred day moving average price of $21.69.

Macerich (NYSE:MAC) last announced its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). The firm had revenue of $249.71 million for the quarter, compared to analyst estimates of $239.77 million. Macerich had a negative net margin of 18.22% and a negative return on equity of 6.95%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 earnings per share. Analysts expect that Macerich will post 1.49 EPS for the current year.

Key Headlines Impacting Macerich

Here are the key news stories impacting Macerich this week:

• Positive Sentiment: Macerich reported second-quarter funds from operations (FFO) of $0.35 per share, above the $0.33 consensus estimate and up from $0.32 a year earlier. Revenue of $249.7 million also exceeded the $239.8 million estimate. Macerich Surpasses Q2 FFO and Revenue Estimates
• Positive Sentiment: Operating trends improved as occupancy increased and expenses declined, supporting expectations for at least 3% growth in 2026 go-forward net operating income. Macerich Q2 Earnings, Revenue Beat as Occupancy Rises and Expenses Decline
• Positive Sentiment: The REIT declared a quarterly dividend of $0.17 per share, payable September 28 to shareholders of record September 14. The indicated annualized yield is approximately 2.7%, which may support income-oriented investor interest.
• Neutral Sentiment: Management is targeting an additional $300 million to $400 million of property dispositions by year-end. Sales could help strengthen the balance sheet, although they may also reduce the company’s future asset base and cash-flow potential. Macerich Expects NOI Growth While Targeting More Dispositions
• Negative Sentiment: Despite the FFO beat, Macerich continues to report negative GAAP profitability, with substantial leverage and a debt-to-equity ratio near 2.0. Investors may therefore remain cautious about financial risk and the sustainability of growth, helping explain the weaker share performance following the results.

Macerich Company Profile

The Macerich Company (NYSE: MAC) is a real estate investment trust (REIT) that specializes in the acquisition, development, ownership and management of regional shopping centers in the United States. Headquartered in Santa Monica, California, the company focuses on high-quality retail properties, including enclosed malls, open-air centers and mixed-use lifestyle destinations. Since its establishment as a REIT in 1994, Macerich has pursued a disciplined strategy of investing in properties that serve strong consumer demographics and offer long-term growth potential.

Macerich’s core activities encompass property and asset management, leasing, marketing and redevelopment services.