Professional
Added to YB: 2025-05-02
Pitch date: 2025-03-31
MAC [neutral]
The Macerich Company
+19.08%
current return
Author Info
No bio for this author
Company Info
Macerich is a fully integrated, self-managed, self-administered real estate investment trust (REIT). As a leading owner, operator, and developer of high-quality retail real estate in densely populated and attractive U.
Market Cap
$4.7B
Pitch Price
$16.60
Price Target
N/A
Dividend
3.67%
EV/EBITDA
15.45
P/E
-11.76
EV/Sales
8.79
Sector
Retail REITs
Category
value
Baron Real Estate Fund Portfolio Holding: The Macerich Company
MAC (holding update): REIT owning high-quality US malls under new mgmt. Transforming portfolio quality, growth potential, and balance sheet health. Trades <10x forward FFO (depressed earnings) vs historical 15-17x FFO norm. Multiple expansion likely as transformation succeeds.
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