uploads///C PICS

Investing in Macerich: a Must-Know Company Overview


Oct. 15 2015, Published 4:38 p.m. ET

Brief history

Macerich (MAC) is a self-managed REIT (real estate investment trust) headquartered in Santa Monica, California. The company was founded in New York in 1964 by Mace Siegel and Richard Cohen as MaceRich Real Estate Company. In 1994, the company went public as “The Macerich Company,” which was rebranded to “Macerich” in 2006. It is the third-largest owner and operator of shopping centers in the United States. The company is a part of an S&P 500 index and employs about 1,117 people as of the end of fiscal 2014.

Article continues below advertisement

Business interest

The company is involved in the acquisition, ownership, development, redevelopment, management, and leasing of regional and community, or “power,” shopping centers located throughout the United States. Macerich’s portfolio consists of prime properties in some of the most desirable, densely populated and highest barrier-to-entry US markets.


Macerich is the third-largest retail REIT company in the US, after Simon Property Group (SPG) and General Growth Properties (GGP), with a current market capitalization of $12.7 billion. The company competes with numerous other malls, outlet centers, community and lifestyle centers, and shopping centers in the United States.

In the US, there are seven other publicly traded mall companies, as well as a number of publicly traded shopping center companies and several large private mall companies, which could compete against Macerich for an anchor or tenant. Macerich also competes with internet retailing sites that provide retailers with distribution options beyond existing brick-and-mortar retail properties.

Article continues below advertisement

Apart from Simon Property Group and General Growth Properties, other major competitors of Macerich in the regional malls REIT space include Tennessee-based CBL & Associates Properties (CBL) and Michigan-based Taubman Centers (TCO). Macerich (MAC) makes up 0.42% of the total holdings of the iShares Cohen & Steers REIT ETF (ICF).

Series content


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.