Macerich

MAC

Market cap $6.38B

The S&P 500 is pricing in higher growth expectations today than during the peak of the dot-com bubble. The Rhyme of 2000: When tech valuations cracked in 2000, physical assets like REITs and utilities became the market's ultimate safe haven. Macerich is executing its "Go Forward" plan with precision, hitting a 94.5% occupancy rate across its core mall properties.

Surging oil prices and hotter inflation reports reignited rate-hike concerns, sending Treasury yields to one-year highs as the Iran conflict remained stalemated despite the highly anticipated Trump-Xi summit.

SANTA MONICA, Calif., May 11, 2026 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company” or “Macerich”) announced today that it has priced an underwritten public offering of 19,200,000 shares of common stock at a price to public of $21.00 per share for expected gross proceeds of approximately $403.2 million. The Company has also granted the underwriters a 30-day option to purchase up to 2,880,000 additional shares of its common stock. This reflects an upsizing of the previously announced offering of 16,000,000 shares of common stock. Subject to customary closing conditions, the offering is expected to close on May 13, 2026.

SANTA MONICA, Calif., May 11, 2026 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company” or “Macerich”) announced today that it has commenced an underwritten public offering of 16,000,000 shares of common stock. The Company expects to grant the underwriters a 30-day option to purchase up to 2,400,000 additional shares of its common stock.

Macerich NYSE: MAC said its first-quarter 2026 results reflected continued progress on its multiyear “Path Forward Plan,” with management pointing to leasing momentum, a growing signed-not-open tenant pipeline and recent acquisition activity as key drivers of its strategy.

MAC tops Q1 FFOA estimates as leasing activity rises and occupancy improves across its Go-Forward Portfolio Centers.

The Macerich Company (MAC) Q1 2026 Earnings Call Transcript

Macerich (MAC) came out with quarterly funds from operations (FFO) of $0.34 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to FFO of $0.33 per share a year ago.

Although the revenue and EPS for Macerich (MAC) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

REITs are rallying, but some laggards remain deeply discounted. Temporary oversupply has created rare buying opportunities. These undervalued REITs could be next to recover.