The Macerich Company
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.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managi… Read more
The Macerich Company (M6G) - Net Assets
Latest net assets as of September 2025: €2.58 Billion EUR
Based on the latest financial reports, The Macerich Company (M6G) has net assets worth €2.58 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€8.42 Billion) and total liabilities (€5.84 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.58 Billion |
| % of Total Assets | 30.65% |
| Annual Growth Rate | -6.23% |
| 5-Year Change | 16.24% |
| 10-Year Change | N/A |
| Growth Volatility | 15.01 |
The Macerich Company - Net Assets Trend (2015–2024)
This chart illustrates how The Macerich Company's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The Macerich Company (2015–2024)
The table below shows the annual net assets of The Macerich Company from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €2.84 Billion | +12.46% |
| 2023-12-31 | €2.53 Billion | -14.30% |
| 2022-12-31 | €2.95 Billion | -7.14% |
| 2021-12-31 | €3.18 Billion | +29.89% |
| 2020-12-31 | €2.45 Billion | -13.62% |
| 2019-12-31 | €2.83 Billion | -11.21% |
| 2018-12-31 | €3.19 Billion | -19.65% |
| 2017-12-31 | €3.97 Billion | -10.37% |
| 2016-12-31 | €4.43 Billion | -12.70% |
| 2015-12-31 | €5.07 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Macerich Company's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 319402600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €6.16 Billion | 223.59% |
| Total Equity | €2.76 Billion | 100.00% |
The Macerich Company Competitors by Market Cap
The table below lists competitors of The Macerich Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Yinlun Machinery Co Ltd
SHE:002126
|
$4.09 Billion |
|
Jyske Bank A/S
PINK:JYSKF
|
$4.09 Billion |
|
Renk Group AG
XETRA:R3NK
|
$4.09 Billion |
|
Topicus.com Inc
PINK:TOITF
|
$4.09 Billion |
|
Thor Industries Inc
NYSE:THO
|
$4.09 Billion |
|
SCOR SE
PINK:SZCRF
|
$4.09 Billion |
|
Algonquin Power & Utilities Corp
NYSE:AQN
|
$4.08 Billion |
|
Merit Medical Systems Inc
NASDAQ:MMSI
|
$4.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Macerich Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,447,020,000 to 2,756,487,000, a change of 309,467,000 (12.6%).
- Net loss of 194,120,000 reduced equity.
- Dividend payments of 161,289,000 reduced retained earnings.
- New share issuances of 658,872,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-194.12 Million | -7.04% |
| Dividends Paid | €161.29 Million | -5.85% |
| Share Issuances | €658.87 Million | +23.9% |
| Other Changes | €6.00 Million | +0.22% |
| Total Change | €- | 12.65% |
Book Value vs Market Value Analysis
This analysis compares The Macerich Company's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.50x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.63x to 1.50x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €26.11 | €16.40 | x |
| 2018-12-31 | €20.89 | €16.40 | x |
| 2019-12-31 | €18.61 | €16.40 | x |
| 2020-12-31 | €15.07 | €16.40 | x |
| 2021-12-31 | €14.18 | €16.40 | x |
| 2022-12-31 | €13.31 | €16.40 | x |
| 2023-12-31 | €11.33 | €16.40 | x |
| 2024-12-31 | €10.90 | €16.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Macerich Company utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -21.14%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 3.11x
- Recent ROE (-7.04%) is below the historical average (0.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 10.34% | 36.89% | 0.12x | 2.38x | €16.02 Million |
| 2016 | 12.59% | 49.65% | 0.10x | 2.43x | €106.41 Million |
| 2017 | 3.97% | 14.71% | 0.10x | 2.61x | €-222.03 Million |
| 2018 | 2.03% | 6.25% | 0.11x | 3.06x | €-235.00 Million |
| 2019 | 3.68% | 10.44% | 0.10x | 3.36x | €-166.41 Million |
| 2020 | -10.20% | -29.29% | 0.09x | 4.07x | €-455.91 Million |
| 2021 | 0.47% | 1.68% | 0.10x | 2.74x | €-290.42 Million |
| 2022 | -2.31% | -7.69% | 0.11x | 2.82x | €-352.65 Million |
| 2023 | -11.20% | -31.00% | 0.12x | 3.07x | €-518.77 Million |
| 2024 | -7.04% | -21.14% | 0.11x | 3.11x | €-469.77 Million |
Industry Comparison
This section compares The Macerich Company's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $924,238,500
- Average return on equity (ROE) among peers: 4.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Macerich Company (M6G) | €2.58 Billion | 10.34% | 2.26x | $4.09 Billion |
| Qrf Comm. VA (2QR) | $116.33 Million | 2.00% | 1.06x | $41.03 Million |
| Brixmor Property Group Inc (BXR) | $2.91 Billion | 10.33% | 2.15x | $7.79 Billion |
| Deutsche Konsum REIT AG (DKG) | $1.38 Million | 0.00% | 2.01x | $61.85 Million |
| Wereldhave Belgium Naamloze vennootschap (WPU) | $670.90 Million | 5.69% | 0.42x | $187.82 Million |