Macerich (MAC) FY2024 results: revenue $918 million, up 3.9% on the year
Macerich Co. (MAC) reported revenue of $918 million for fiscal 2024, the year ended 31 December 2024, up 3.9% on the year before. Net income was -$194 million, and diluted earnings per share $-0.88. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.
Revenue
$918 million
+3.9% on the year
FY2017FY2024
Operating margin
-4.4%
1.5% a year earlier
FY2017FY2024
Net income
-$194 million
FY2017FY2024
Diluted EPS
-$0.88
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
283
296
338
-4.1%
Capital expenditure
58.3
74.6
52.6
-21.8%
Free cash flow
225
221
285
+1.9%
Free cash flow margin
24.5%
25.0%
33.2%
Cash from investing
19.8
52.5
-1.4
-62.3%
Cash from financing
-316
-339
-322
Depreciation and amortisation
306
296
302
+3.2%
Share-based compensation
12.1
13.2
17.6
-7.9%
Dividends paid
161
159
186
+1.3%
Dividend per share
$0.68
$0.68
$0.62
0.0%
Diluted shares, weighted
222m
216m
215m
+2.9%
Shares outstanding at period end
253m
216m
215m
+17.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,756
2,447
2,866
+12.6%
Non-controlling interest
85.9
80.6
83.6
+6.6%
Debt
4,993
4,226
4,404
+18.2%
Other liabilities
732
760
741
-3.7%
Total liabilities and equity
8,567
7,514
8,094
+14.0%
Cash and equivalents
89.9
94.9
100
-5.3%
Other assets
8,477
7,419
7,994
+14.3%
Total assets
8,567
7,514
8,094
+14.0%
10-K for the year ended 31 December 2024, filed 28 February 2025: the filing.