The Macerich Company (MAC) — Financial statements
Income statement, balance sheet, and cash flow for The Macerich Company — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,015↑10.6% | 918↑3.9% | 884↑2.9% | 859↑1.4% | 847 | |
| Cost of Revenue | 628↑45.9% | 430↑9.0% | 395↑1.2% | 390↑2.5% | 381 | |
| Gross Profit | 387↓20.6% | 488↓0.3% | 489↑4.3% | 469↑0.5% | 467 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 32↑12.1% | 28↓3.7% | 29↑7.6% | 27↓9.6% | 30 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 32↑12.1% | 28↓3.7% | 29↑7.6% | 27↓9.6% | 30 | |
| Other Expenses | 188↓36.2% | 295↑4.4% | 282↓3.2% | 292↓6.3% | 311 | |
| Operating Expenses | 220↓32.0% | 323↑3.6% | 312↓2.3% | 319↓6.6% | 341 | |
| Total Costs & Expenses | 848↑12.5% | 753↑6.6% | 706↓0.4% | 709↓1.8% | 722 | |
| Operating Results | ||||||
| Operating Income | 168↑1.7% | 165↓7.1% | 178↑18.4% | 150↑19.7% | 125 | |
| Depreciation & Amortization | 366↑19.5% | 306↑3.2% | 296↓2.0% | 302↓6.8% | 324 | |
| EBITDA | 405↑23.9% | 327↑71.4% | 191↓58.1% | 455↓15.8% | 540 | |
| EBIT | 39↑87.4% | 21↑119.9% | -106↓169.3% | 152↓29.3% | 216 | |
| Interest & Other Income | ||||||
| Net Interest Income | -216↑1.7% | -220↓27.2% | -173↑20.3% | -217↓12.5% | -193 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 216↓1.7% | 220↑27.2% | 173↓20.3% | 217↑12.5% | 193 | |
| Non-Operating Income | 128↓10.9% | 144↓49.2% | 283↑11699.2% | -2↑97.3% | -90 | |
| Other Income / Expenses | -345↑5.3% | -364↑20.2% | -456↓112.8% | -214↓109.7% | -102 | |
| Income Before Tax | -177↑11.1% | -199↑28.6% | -279↓332.8% | -64↓378.5% | 23 | |
| Income Tax Expense | -2↓68.7% | -1↓163.2% | -0.49↓170.1% | 0.71↓89.9% | 7 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -175↑11.6% | -198↑28.9% | -278↓327.3% | -65↓502.6% | 16 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -197↓1.6% | -194↑29.2% | -274↓314.8% | -66↓563.2% | 14 | |
| Bottom-Line Net Income | -198↓1.3% | -195↑29.1% | -275↓310.8% | -67↓599.1% | 13 | |
| EPS (Basic) | -0.77↑2.5% | -0.79↑38.3% | -1.28↓312.9% | -0.31↓557.9% | 0.07 | |
| EPS (Diluted) | -0.77↑1.3% | -0.78↑39.1% | -1.28↓312.9% | -0.31↓557.9% | 0.07 | |
| Weighted Average Shares | 257↑4.8% | 245↑13.6% | 216↑0.2% | 215↑8.6% | 198 | |
| Weighted Average Diluted Shares | 257↑2.8% | 250↑15.9% | 216↑0.2% | 215↑8.6% | 198 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.