Macerich (MAC) EBITDA Margin (2017 - 2026)
Macerich (MAC) reported EBITDA Margin of 49.58% for Q1 2026, down 1231.0% on a YoY basis from 4.38% in Q1 2025, and down 69.08% quarter-over-quarter from 29.32% in Q4 2025.
Macerich (MAC) EBITDA Margin (2017 - 2026) Analysis & Trends
Macerich has reported EBITDA Margin for 10 years, with the latest figure at 49.58% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin fell 1231.0% year-over-year to 49.58%; the trailing twelve-month figure through Mar 2026 stood at 35.45% (down 1245.0% YoY), and the FY2025 full-year result was 33.26%, down 575.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 49.58%, down from 29.32% in the prior quarter.
- The five-year high for EBITDA Margin was 9.52% in Q2 2022, with the low at 49.58% in Q1 2026.
- Historically, EBITDA Margin has averaged 23.97% across 5 years, with a median of 21.08% in 2025.
- Annual changes were most pronounced in 2022 — EBITDA Margin plunged 6560 bps — and 2024, when it surged 2762 bps.
- Macerich's EBITDA Margin stood at 16.04% in 2022, then rose by 23 bps to 12.29% in 2023, then dropped by 12 bps to 13.73% in 2024, then slumped by 114 bps to 29.32% in 2025, then sank by 69 bps to 49.58% in 2026.
- The last three EBITDA Margin figures came in at 49.58% (Q1 2026), 29.32% (Q4 2025), and 42.48% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 67.46 Bn | 67.84 Bn | 1.76 Bn | 49.72% |
| 2 | Realty Income | 55.47 Bn | 56.16 Bn | - | 22.21% |
| 3 | Kimco Realty | 16.36 Bn | 16.39 Bn | 447.43 Mn | 36.37% |
| 4 | Regency Centers | 14.49 Bn | 14.61 Bn | - | 71.86% |
| 5 | Federal Realty Investment Trust | 10.47 Bn | 10.54 Bn | 265.49 Mn | 39.40% |
| 6 | Agree Realty | 8.78 Bn | 8.76 Bn | - | 33.58% |
| 7 | Nnn Reit | 8.52 Bn | 8.52 Bn | - | 61.00% |
| 8 | Essential Properties Realty Trust | 6.32 Bn | 6.32 Bn | - | 56.45% |
| 9 | Kite Realty Group Trust | 6.09 Bn | 6.20 Bn | - | 87.54% |
| 10 | Macerich | 6.03 Bn | 5.83 Bn | 158.29 Mn | -49.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -49.58% |
| Dec 31, 2025 | -29.32% |
| Sep 30, 2025 | -42.48% |
| Jun 30, 2025 | -21.08% |
| Mar 31, 2025 | -37.27% |
| Dec 31, 2024 | -13.73% |
| Sep 30, 2024 | -13.59% |
| Jun 30, 2024 | -27.87% |
| Mar 31, 2024 | -20.36% |
| Dec 31, 2023 | -12.29% |
| Sep 30, 2023 | -41.21% |
| Jun 30, 2023 | -41.05% |
| Mar 31, 2023 | -28.93% |
| Dec 31, 2022 | -16.04% |
| Sep 30, 2022 | -13.39% |
| Jun 30, 2022 | 9.52% |
| Mar 31, 2022 | -8.75% |
| Dec 31, 2021 | 49.55% |
| Sep 30, 2021 | -18.92% |
| Jun 30, 2021 | -11.41% |