Macerich Company, The
The Macerich Company is a fully integrated, self-managed, self-administered real estate investment trust (REIT). The Company is the sole general partner of, and owns a majority of the ownership interests in, The Macerich Partnership, L.P. (the Operating Partnership). As an owner, operator, and developer of retail real estate in United States markets, the Company’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. The Company is developing and managing properties that serve as community cornerstones. It owns interests in approximately 38 retail centers. Its properties include Arrowhead Towne Center, Danbury Fair, Desert Sky Mall, Eastland Mall, Fashion District Philadelphia, Fashion Outlets of Chicago, The Village at Corte Madera, Washington Square, Vintage Faire Mall, Broadway Plaza, Superstition Springs Center, Crabtree, and others.
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying Macerich's stock with a target price of $20.64, indicating potential growth.
Financial Health
Macerich Company is showing strong revenue and profit margins, indicating solid financial performance.
Dividend
The Macerich Company's dividend yield of 2.77% offers a moderate income opportunity for investors. If you invested $1000 you would be paid $27.70 a year in dividends (based on the last 12 months).
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