MAC vs KRG vs AKR Stock Comparison

Macerich, Kite Realty Group Trust and Acadia Realty Trust Prices as of Oct 26, 2026 Peers: Industry group
MAC Macerich Co
$24.38 +7.6% 1M +35.3% 1Y
Market cap
$6.69B
P/E
–
Revenue (TTM)
$1.01B
Div. yield
0.03%
Retail REITs Real Estate
4 wins
KRG Kite Realty Group Trust
$24.67 -0.5% 1M +7.7% 1Y
Market cap
$5.01B
P/E
14.9x
Revenue (TTM)
$806.16M
Div. yield
0.05%
Retail REITs Real Estate
6 wins
AKR Acadia Realty Trust
$18.83 -2.1% 1M -5.3% 1Y
Market cap
$2.52B
P/E
46.5x
Revenue (TTM)
$403.40M
Div. yield
0.04%
Retail REITs Real Estate
2 wins

Head to Head

12 decided of 12

Kite Realty Group Trust leads on 6 of the 12 questions below (Kite Realty Group Trust 6, Macerich 4, Acadia Realty Trust 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionMACKRGAKRLeader
Larger companyMarket capitalisation $6.69B $5.01B $2.52B MAC
Cheaper on earningsLower P/E, profitable companies only -39.4x 14.9x 46.5x KRG
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 28.4x 39.2x KRG
Faster revenue growthRevenue growth, trailing twelve months +1.3% -5.6% +4.5% AKR
More profitableNet margin, trailing twelve months -16.8% 41.8% 13.4% KRG
Better return on capitalReturn on invested capital -6.9% — 5.0% AKR
Less leveragedLower net debt / EBITDA -31.9x — 4.3x MAC
Higher dividend yieldTrailing dividend yield 0.03% 0.05% 0.04% KRG
Better 1-year returnPrice return, last 12 months +35.3% +7.7% -5.3% MAC
Better 5-year returnAnnualised price return, 5 years +6.4%/yr +3.8%/yr -3.0%/yr MAC
Less volatileAnnualised volatility, 1 year 29.6% 17.9% 21.7% KRG
Higher overall scoreMean of the five percentile scores vs peers 15/100 66/100 63/100 KRG

Percentile Scorecard

MACKRGAKR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisMACKRGAKR
Valuation 1 #143 of 145 63 #55 of 145 44 #81 of 145
Growth 32 #97 of 142 53 #67 of 142 92 #13 of 142
Profitability 9 #124 of 136 81 #27 of 136 41 #81 of 136
Financial Health 22 #109 of 139 46 #76 of 139 83 #25 of 139
Shareholder Returns 9 #119 of 131 89 #15 of 131 57 #57 of 131
Overall 15 66 63
  • MAC ranked among 149 companies in Property REITs
  • KRG ranked among 149 companies in Property REITs
  • AKR ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodMACKRGAKRSPY
1 month +7.6%-0.5%-2.1% -0.8%
3 months -6.7%-16.4%-15.9% +3.5%
6 months +12.9%-5.5%-11.3% +7.0%
Year to date +32.1%+2.9%-8.3% +12.2%
1 year +35.3%+7.7%-5.3% +13.0%
3 years +151.1%+24.0%+40.2% +86.3%
3 years, per year +35.9%+7.4%+11.9% +23.1%
5 years +36.3%+20.6%-14.2% +68.6%
5 years, per year +6.4%+3.8%-3.0% +11.0%
10 years -67.4%-3.6%-45.3% +258.0%
10 years, per year -10.6%-0.4%-5.8% +13.6%

Risk

MeasureMACKRGAKRSPY
Volatility, 1Y 29.6%17.9%21.7% 12.7%
Downside volatility, 1Y 32.1%18.2%23.9% 12.7%
Beta vs S&P 500, 1Y 0.63-0.010.13 1.00
Return / volatility, 1Y 1.190.43-0.25 1.02
Max drawdown, 5Y -65.2%-29.9%-46.0% -25.4%
From 52-week high -8.1%-17.3%-17.0% -1.8%
52-week high $26.52$29.82$22.70 $779.14
52-week low $16.20$21.90$18.07 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleMACKRGAKR
P/E now vs peer median -39.4xmedian 27.4x 14.8xmedian 27.4x 46.4xmedian 27.4x
P/S now vs peer median 6.9xmedian 4.2x 6.1xmedian 4.2x 6.4xmedian 4.2x
EV/EBITDA now vs peer median -79.7xmedian 14.2x —median 14.2x 11.1xmedian 14.2x
P/FCF now vs peer median -37.2xmedian 23.2x 42.2xmedian 23.2x -11.4xmedian 23.2x
P/B now vs peer median 2.4xmedian 1.3x 1.7xmedian 1.3x 1.0xmedian 1.3x
PEG now vs peer median 2.58median 2.11 0.11median 2.11 0.94median 2.11

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsMACKRGAKR
Revenue $1.01B $806.16M $403.40M
Gross profit $595.32M – $11.00M
Operating income -$522.95M – $214.53M
Net income -$172.33M $345.59M $154.53M
Free cash flow -$186.19M $117.09M -$227.34M
EPS (diluted) $-0.62 $1.66 $0.41
Cash & equivalents $227.03M $144.58M $32.96M
Total debt $4.85B $2.84B $1.64B
Shares (diluted) 273.72M 203.20M 133.83M
Enterprise value $5.71B $4.73B $2.37B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricMACKRGAKR
P/E -39.4x 14.8x 46.4x
P/FCF -37.2x 42.2x -11.4x
P/Operating cash flow 22.6x 12.4x 15.6x
P/S 6.9x 6.1x 6.4x
P/B 2.4x 1.7x 1.0x
P/Tangible book 2.4x 1.7x 1.0x
EV/EBITDA -79.7x – 11.1x
EV/EBIT -22.1x – 19.5x
EV/Revenue 11.5x 9.5x 10.4x
EV/FCF -62.0x 65.3x -18.4x
EV/Operating cash flow 37.6x 19.1x 25.3x
PEG (3Y EPS CAGR) 2.58 0.11 0.94

Growth

14 metrics
MetricMACKRGAKR
Revenue growth (1Y) 1.3% -5.6% 4.5%
Revenue CAGR (3Y) 5.1% -0.6% 6.3%
Gross profit growth (1Y) 2.7% – 90.2%
Gross profit CAGR (3Y) 5.4% – 31.8%
Operating income growth (1Y) -5.4% – 329.5%
Operating income CAGR (3Y) -8.7% – 84.2%
Net income growth (1Y) 59.4% 96.8% 905.5%
Net income CAGR (3Y) -25.9% 130.9% 61.9%
EPS growth (1Y) 61.8% 111.5% 158.8%
EPS CAGR (3Y) -15.2% 134.1% 49.2%
Operating cash flow growth (1Y) -2.3% -7.2% -4.2%
Operating cash flow CAGR (3Y) -5.3% -0.5% 1.6%
Free cash flow growth (1Y) 26.6% -30.3% 46.3%
Free cash flow CAGR (3Y) -46.2% -16.8% -61.8%

Profitability

14 metrics
MetricMACKRGAKR
Gross margin 59.2% – 2.7%
EBITDA margin -14.4% – 93.5%
Operating margin -52.0% – 53.2%
Pretax margin -52.0% – 38.4%
Net margin -16.8% 41.8% 13.4%
FCF margin -18.5% 14.5% -56.4%
Operating cash flow margin 30.5% 49.5% 41.1%
Return on equity -6.4% 12.1% 5.8%
Return on assets -2.1% 5.5% 3.4%
Return on invested capital -6.9% – 5.0%
Return on capital employed – – –
Asset turnover 0.1x 0.1x 0.1x
Cash conversion (OCF / net income) -1.8x 1.2x 1.1x
Stock comp / revenue 2.2% 1.4% 3.9%

Financial Health

11 metrics
MetricMACKRGAKR
Debt / assets 56.9% 45.4% 35.5%
Debt / equity 1.7x 1.0x 0.6x
Net debt / EBITDA -31.9x – 4.3x
Debt / FCF -26.0x 24.3x -7.2x
Liabilities / assets 65.9% 54.2% 42.0%
Equity / assets 34.1% 45.8% 58.0%
Interest coverage – – 2.4x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricMACKRGAKR
Dividend yield 2.8% 5.3% 4.2%
Net buyback yield -8.5% 9.1% -4.9%
Shareholder yield -5.7% 14.3% -0.7%
Payout ratio (earnings) -111.9% 77.2% 68.2%
Payout ratio (FCF) -103.6% 227.8% -46.3%
Dividend growth (1Y) 8.8% 15.7% 17.7%
Dividend CAGR (3Y) 0.4% 10.2% 15.5%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusMACKRGAKR
Forward P/E – 28.4xFY2026 39.2xFY2026
EPS, next fiscal year $-0.17FY2026 $0.87FY2026 $0.48FY2026
EPS growth, next FY – -36.5%FY2026 +128.6%FY2026
EPS growth, the year after – -50.6% -29.2%
Revenue, next fiscal year $969.19MFY2026 $750.31MFY2026 $349.66MFY2026
Revenue growth, next FY -4.0%FY2026 -9.7%FY2026 -13.1%FY2026
Revenue growth, the year after +13.7% +12.5% +16.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMACKRGAKR
Held by institutions 100.0% 100.0% 100.0%
Institutions holding 350 397 259
Change in shares held, QoQ +19.5% -2.3% +3.7%
Institutions buying 220 178 156
Institutions selling 79 145 63
Buyers to sellers 2.78 1.23 2.48

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

MACKRGAKR
MAC 1.00 0.54 0.58
KRG 0.54 1.00 0.68
AKR 0.58 0.68 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MAC, KRG and AKR?

Macerich (MAC) is the largest by market capitalisation: Macerich (MAC) $6.69B, Kite Realty Group Trust (KRG) $5.01B, Acadia Realty Trust (AKR) $2.52B.

Which stock is cheaper, MAC, KRG and AKR?

Kite Realty Group Trust (KRG) trades on the lowest price-to-earnings ratio (Macerich (MAC) -39.4x, Kite Realty Group Trust (KRG) 14.9x, Acadia Realty Trust (AKR) 46.5x). On next year's consensus earnings, Kite Realty Group Trust (KRG) is cheapest (Kite Realty Group Trust (KRG) 28.4x, Acadia Realty Trust (AKR) 39.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Acadia Realty Trust (AKR) grew revenue fastest over the trailing twelve months: Macerich (MAC) +1.3%, Kite Realty Group Trust (KRG) -5.6%, Acadia Realty Trust (AKR) +4.5%.

Which company is more profitable?

Kite Realty Group Trust (KRG) has the highest net margin (Macerich (MAC) -16.8%, Kite Realty Group Trust (KRG) 41.8%, Acadia Realty Trust (AKR) 13.4%). On return on invested capital, Acadia Realty Trust (AKR) leads (Macerich (MAC) -6.9%, Acadia Realty Trust (AKR) 5.0%).

Which stock has performed better?

Over the past year Macerich (MAC) returned the most: Macerich (MAC) +35.3%, Kite Realty Group Trust (KRG) +7.7%, Acadia Realty Trust (AKR) -5.3%. Over five years, Macerich (MAC) compounded fastest (Macerich (MAC) +6.4%/yr, Kite Realty Group Trust (KRG) +3.8%/yr, Acadia Realty Trust (AKR) -3.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Kite Realty Group Trust (KRG) has the highest dividend yield: Macerich (MAC) 0.03%, Kite Realty Group Trust (KRG) 0.05%, Acadia Realty Trust (AKR) 0.04%.

Which stock is riskier?

By one-year price volatility, Kite Realty Group Trust (KRG) has been the steadiest (Macerich (MAC) 29.6%, Kite Realty Group Trust (KRG) 17.9%, Acadia Realty Trust (AKR) 21.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, MAC, KRG and AKR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Kite Realty Group Trust (KRG) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.