Key Drivers
- High leverage
- Negative FCF
- Strong margins
AIAI Summary
Macerich is best viewed not as a yield or leasing recovery play but as a conditional balance‑sheet‑repair trade: upside depends critically on completing the remaining ~$600M of disposals and refinancing maturities to hit management's low‑to‑mid 6x leverage target (or else a single failed sale or tighter credit will quickly erode NAV and equity value).
Price Chart
Financial Metrics
Deep Analysis
Research tool. Not personalized advice.
Fundamental Analysis
Key Financial Insights:
- •High leverage
- •Negative FCF
- •Strong margins
MAC has strong gross/EBITDA margins and tangible book value but is weighed down by high leverage, persistent GAAP losses and negative free cash flow while trading at stretched multiples.
Price Behavior
Key Price Behavior Insights:
- •Below SMA
- •~12% decline
- •Lower highs
Price sits below its last-month SMA (~$18.44) after roughly an 11–12% drop from the late‑February peak, signaling short‑term bearish momentum with resistance near $20.1–$20.6 and support around $18.00–$18.50 that could attract tactical value buyers if fundamentals justify it.
~12% drop from $20.55 (late
Sentiment & News
Key News Insights:
- •Liquidity boost
- •Asset-sale progress
- •Institutional trading
Macerich bolstered liquidity with a new $900M revolver and $1.4B of asset sales toward a $2B deleveraging goal, drew active institutional trading and investor engagement, but faces mixed analyst sentiment and modest share weakness.
Improved balance-sheet flexibility reduces refinancing risk, but sector weakness and cautious analyst positioning likely cap near-term share upside
Similar Companies in Real Estate
Other companies in the same sector with AI ratings