The Macerich Co (TMC) is a real estate investment trust company. It deals with the acquisition, ownership, management, and leasing of regional and community power shopping centers. TMC owns, operates and develops major retail real estate properties. The company provides specialty leasing, outlet leasing, pop-ups, and national leasing. It offers brand promotions such as brand events, custom promotions and digital content to connect with engage shoppers. The company's business activities comprise developments and redevelopments of properties for retailers, partners and shoppers. It has an ownership interest in regional shopping centers and community shopping centers of the region. TMC is headquartered in Santa Monica, California, the US.
Headquarters
United States of America
Address
Ste 700, 401 Wilshire Blvd, Santa Monica, California, 90401
Website
www.macerich.com
Telephone
1 310 3946000
No of Employees
654
Industry
Construction
Ticker Symbol & Exchange
MAC (NYSE)
Revenue (2023)
$884.1M
2.9%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
-314.8%
(2023 vs 2022)
Market Cap*
$3.3B
Net Profit Margin (2023)
XYZ
-303.1%
(2023 vs 2022)
* As of and is in US$
The Macerich Co premium industry data and analytics
Products and Services
| Services |
|---|
| Leasing of Regional and Community Shopping Centers |
| Property Redevelopment |
| Property Management |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Asset Purchase | In January, the company and Hudson Pacific Properties sold One Westside and Westside Two in Los Angeles to the Regents of the University of California for US$700 million. |
| 2022 | Contracts/Agreements | In May, the company partnered with Cotton On Group to expand their U.S. brick-and-mortar footprint. |
| 2022 | Contracts/Agreements | In March, the company awarded a contract to Parking Concepts, Inc as the Parking operator to manage Macerich’s California portfolio. |
Competitor Comparison
| Key Parameters | The Macerich Co | Simon Property Group Inc | Realty Income Corp | Rithm Capital Corp | Boston Properties 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 | Boston |
| State/Province | California | Indiana | California | New York | Massachusetts |
| No. of Employees | 654 | 2,500 | 418 | 6,570 | 780 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jackson Hsieh | President; Chief Executive Officer; Director | Executive Board | 2024 | - |
| Scott Kingsmore | Treasurer; Chief Financial Officer; Senior Executive Vice President | Senior Management | 2019 | 55 |
| Christopher Zecchini | Senior Vice President; Chief Accounting Officer | Senior Management | - | - |
| Ann C Menard | Chief Legal Officer; Senior Executive Vice President; Secretary | Senior Management | 2018 | 59 |
| William P. Voegele | Chief Development Officer; Executive Vice President | Senior Management | 2019 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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