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The Macerich Co (TMC) is a real estate investment trust (REIT) company. It carries out the business of acquisition, development, redevelopment, and leasing of regional and community shopping centers. TMC owns, operates and develops major retail real estate properties. The company's portfolio includes regional town centers, community shopping centers, and redevelopment properties. It offers brand promotions such as brand events, custom promotions and digital content to connect with engage shoppers. The company's properties are located across New York, California, Arizona, Colorado, Connecticut, Oregon and Virginia, the US. TMC is headquartered in Santa Monica, California, the US.
Headquarters
United States of America
Address
Suite 700, 401 Wilshire Blvd, Santa Monica, California, 90401
Website
www.macerich.com
Telephone
1 310 3946000
No of Employees
596
Industry
Construction
Ticker Symbol & Exchange
MAC (NYSE)
Revenue (2024)
$1.0B
10.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-1.6%
(2024 vs 2023)
Market Cap*
$5.7B
Net Profit Margin (2024)
XYZ
8.0%
(2024 vs 2023)
* As of and is in US$
The Macerich Co premium industry data and analytics
Products and Services
| Services |
|---|
| Leasing of Regional and Community Shopping Centers |
| Property Redevelopment |
| Property Development |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Divestiture | In July, the company sold The Shops at Atlas Park in Queens, NY, US, to Ashkenazy Acquisition Corporation, a real estate investment firm. |
| 2025 | Asset Purchase | In June, the company acquired Crabtree Mall, totaling 1.3 million square feet in Raleigh, North Carolina, the US, for US$290 million. |
| 2025 | Contracts/Agreements | In March, the company signed a partnership with PenFed Credit Union to promote the branding power and reach of Tysons Corner Center’s experiential marketing programs and media network. |
Competitor Comparison
| Key Parameters | The Macerich Co | Simon Property Group Inc | Realty Income Corp | Rithm Capital Corp | Tanger Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Santa Monica | Indianapolis | San Diego | New York | Greensboro |
| State/Province | California | Indiana | California | New York | North Carolina |
| No. of Employees | 596 | 3,000 | 544 | 7,240 | 407 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jackson Hsieh | Chief Executive Officer; Director; President | Executive Board | 2024 | 64 |
| Daniel E. Swanstrom II | Chief Financial Officer; Senior Vice President; Treasurer | Senior Management | 2024 | 51 |
| Ann C. Menard | Chief Legal Officer; Secretary; Senior Executive Vice President | Senior Management | 2018 | 62 |
| Steven R Hash | Chairman | Non Executive Board | 2015 | 60 |
| Christopher Zecchini | Chief Accounting Officer; Senior Vice President | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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