Company Information

  

Address: 401 WILSHIRE BLVD
STE 700 
City: SANTA MONICA 
State: CA 
Zip Code: 90401 
Telephone: 310-394-6000 

Description of Business

Primary SIC Code: 6798
(As filed with the SEC)  

The Company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. The Company is the sole general partner of, and owns a majority of the ownership interests in, The Macerich Partnership, L.P., a Delaware limited partnership (the "Operating Partnership"). As of December 31, 2017, the Operating Partnership owned or had an ownership interest in 48 regional shopping centers and seven community/power shopping centers. These 55 regional and community/power shopping centers (which include any related office space) consist of approximately 53 million square feet of gross leasable area ("GLA") and are referred to herein as the "Centers". The Centers consist of consolidated Centers ("Consolidated Centers") and unconsolidated joint venture Centers ("Unconsolidated Joint Venture Centers") as set forth in "Item 2.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20180.300.740186.73
12/20171.02NA64.39
09/20171.060.71051.86
06/20171.07NA54.26
03/20171.240.71051.94
12/20163.52NA20.12
09/20165.880.68013.75
06/20165.96NA14.33

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.03Total Liab/Total Assets0.62
Net Inc/Total Assets0.02Total Liab/Inv Cap0.62
Net Inc/Inv Cap0.02Total Liab/Comm Equity1.31
Pretax Inc/Net Sales0.09Interest Coverage Ratio1.53
Net Inc/Net Sales0.15Curr Debt/EquityNA
Cash Flow/Net Sales0.39LTD/Equity1.36
SG&A/NetSales0.03Total Debt/Equity1.36
Asset Utilization   Liquidity  
Net Receivables Turnover4.97Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E0.14  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 236.73 256.74 242.45 247.42
Cost of Goods Sold 112.83 96.01 97.64 97.25
Selling & Admin Exps 8.02 7.03 5.29 7.46
Operating Income 35.95 67.74 56.37 59.47
Interest Exp 52.64 44.89 43.27 42.32
Pretax Income -54.20 25.58 -1.90 12.55
Other Income -37.51 2.73 -15.00 -4.60
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -33.57 32.75 17.50 26.64

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 167.85 143.11 121.82 137.44
Receivables - Total 178.76 194.82 192.34 197.63
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 6,908.42 7,109.23 7,164.65 7,198.28
Total Assets 9,157.27 9,605.86 9,606.91 9,682.21
Liabilities        
Accounts Payable 617.07 639.17 633.08 648.41
Debt in Current Liabilities NA NA NA NA
Total Current Liabilities NA NA NA NA
Long-Term Debt 4,733.53 4,998.70 4,877.62 4,813.48
Total Liabilities 5,999.51 5,924.28 5,860.59 5,822.65
Stockholder's Equity        
Minority Interest 250.83 286.42 290.77 301.12
Preferred Stock NA NA NA NA
Common Stock 1.41 1.41 1.41 1.42
Retained Earnings -1,393.42 -830.28 -758.76 -663.81
Treasury Stock NA NA NA NA
Total Stockholders' Equity 3,157.76 3,681.58 3,746.32 3,859.56
Total Liabilities and Stockholders' Equity 9,157.27 9,605.86 9,606.91 9,682.21

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 94.97 86.54 109.62 87.52
Net Cash Provided by Investing Activities 311.40 12.97 -26.52 -16.74
Net Cash Provided by Financing Activities -381.62 -79.56 -99.15 -76.01

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20131,029.47420.091.06
12/20141,105.251,499.0410.45
12/20151,288.15487.563.08
12/20161,041.27517.003.52
12/2017993.66146.131.02
Growth Rates-0.88-23.20-0.96

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18388135,77596.30




Report Date : 7/16/2018

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