MAC

The Macerich Company

Real Estate · $6.7B market cap

Verdict

Share price

$23.05

close of Oct 3, 2026

Fair value

$7.77

Sticker Price

Payback Price

$3.11

buy price

Overpriced

MAC is Overpriced: at $23.05 it trades 197% above its fair value of $7.77. Its buy price (Payback Price) is $3.11, 87% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

FFO-Based (REIT). A real estate trust. Depreciation makes a property owner's profit look smaller than the cash it brings in, so we value it on funds from operations (FFO).

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth-1.3% a year✗
Equity per share growth-3.9% a year✗
Sales growth0.4% a year✗
Free cash flow growth-3.2% a year✗
Return on invested capital2.2%✗

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Superinvestors

None of the investors we track holds MAC right now. In Q1 2026, 1 sold out. Who we track

Moves in Q1 2026

Sold out: First Eagle Investment Management

Insider activity

Since Jun 30, 2026: no open-market purchases, 1 sale worth $64K and 2 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About The Macerich Company

Macerich operates as a comprehensive, self-managed real estate investment trust (REIT) that independently oversees all aspects of its operations. Its core focus is on the acquisition, leasing, management, development, and revitalization of regional shopping malls throughout the United States. The company currently holds interests in 47 regional retail complexes, representing a total portfolio of 51 million square…

REIT - Retail

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works