Macerich (MAC) FCF Margin (2009 - 2026)

Macerich (MAC) reported FCF Margin of 20.17% for Q1 2026, down 1534.0% on a YoY basis from 1.41% in Q1 2025, and up 5.12% quarter-over-quarter from 19.18% in Q4 2025.

Macerich (MAC) FCF Margin (2009 - 2026) Analysis & Trends

Macerich has reported FCF Margin for 18 years, with the latest figure at 20.17% in Q1 2026.

  • For the quarter ending Q1 2026, FCF Margin fell 1534.0% year-over-year to 20.17%; the trailing twelve-month figure through Mar 2026 stood at 1.48% (down 2562.0% YoY), and the FY2025 full-year result was 5.39%, down 1912.0% from the prior year.
  • FCF Margin for Q1 2026 stood at 20.17%, up from 19.18% in the prior quarter.
  • The five-year high for FCF Margin was 64.95% in Q3 2022, with the low at 54.09% in Q3 2025.
  • Historically, FCF Margin has averaged 23.64% across 5 years, with a median of 25.75% in 2024.
  • Annual changes were most pronounced in 2022 — FCF Margin soared 2403 bps — and 2025, when it plunged 9103 bps.
  • Macerich's FCF Margin stood at 26.59% in 2022, then dropped by 19 bps to 21.57% in 2023, then tumbled by 35 bps to 14.02% in 2024, then jumped by 37 bps to 19.18% in 2025, then grew by 5 bps to 20.17% in 2026.
  • The last three FCF Margin figures came in at 20.17% (Q1 2026), 19.18% (Q4 2025), and 54.09% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Simon Property 67.46 Bn 67.84 Bn 1.76 Bn 52.96%
2 Realty Income 55.47 Bn 56.16 Bn - 54.77%
3 Kimco Realty 16.36 Bn 16.39 Bn 447.43 Mn 47.63%
4 Regency Centers 14.49 Bn 14.61 Bn - 31.49%
5 Federal Realty Investment Trust 10.47 Bn 10.54 Bn 265.49 Mn -56.55%
6 Agree Realty 8.78 Bn 8.76 Bn - -133.14%
7 Nnn Reit 8.52 Bn 8.52 Bn - 18.62%
8 Essential Properties Realty Trust 6.32 Bn 6.32 Bn - -133.00%
9 Kite Realty Group Trust 6.09 Bn 6.20 Bn - 22.28%
10 Macerich 6.03 Bn 5.83 Bn 158.29 Mn 20.17%

Historic Data

Download Data
DateValue
Mar 31, 2026 20.17%
Dec 31, 2025 19.18%
Sep 30, 2025 -54.09%
Jun 30, 2025 21.21%
Mar 31, 2025 35.51%
Dec 31, 2024 14.02%
Sep 30, 2024 36.94%
Jun 30, 2024 23.95%
Mar 31, 2024 25.75%
Dec 31, 2023 21.57%
Sep 30, 2023 48.27%
Jun 30, 2023 12.33%
Mar 31, 2023 30.65%
Dec 31, 2022 26.59%
Sep 30, 2022 64.95%
Jun 30, 2022 27.93%
Mar 31, 2022 27.03%
Dec 31, 2021 44.74%
Sep 30, 2021 40.92%
Jun 30, 2021 24.76%