Macerich (MAC) Interest Expenses (2009 - 2024)
Macerich (MAC) reported Interest Expenses of $73.66 million for Q1 2024, up 86.9% from $39.42 million a year earlier but down 2.4% from the prior quarter.
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Analysis
Macerich (MAC) Interest Expenses (2009 - 2024) Analysis & Trends
Over the twelve months ended Mar 31, 2024, Macerich's Interest Expenses came in at $294.98 million, up 44.3% year-over-year; for FY2023, it came in at $285.43 million, up 31.6% from FY2022.
- Interest Expenses has increased for three consecutive years, with a five-year compound annual growth rate of 9.3% (FY2018 to FY2023).
- By year, Interest Expenses came in at $216.85 million in FY2022 (+12.5%), $192.68 million in FY2021 (+155.0%), $75.55 million in FY2020 (-45.4%) and $138.25 million in FY2019 (-24.4%).
- Five-year quarterly Interest Expenses spans a low of $8.07 million in Q1 2020 and a high of $75.47 million in Q4 2023.
- Year over year, Interest Expenses has now increased in each of the last four quarters, with growth averaging 28.7% over the last eight quarters.
- The high point for year-over-year Interest Expenses in five years was Q1 2021 (growth of 567.5%); the low point was Q1 2020 (a decline of 79.0%).
- Per Business Quant data, the three quarters before Q1 2024 came in at $75.47 million (Q4 2023), $73.22 million (Q3 2023) and $72.64 million (Q2 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 167.95 Bn | 150.46 Bn | 1.39 Bn | - |
| 2 | Prologis | 123.54 Bn | 127.93 Bn | - | 276.31 Mn |
| 3 | Simon Property | 66.76 Bn | 68.02 Bn | - | 272.33 Mn |
| 4 | Realty Income | 52.37 Bn | 54.76 Bn | - | 312.08 Mn |
| 5 | Public Storage | 50.03 Bn | 49.11 Bn | - | 84.78 Mn |
| 6 | Ventas | 44.65 Bn | 43.84 Bn | - | 160.03 Mn |
| 7 | Extra Space Storage | 27.81 Bn | 27.81 Bn | 642.43 Mn | - |
| 8 | Vici Properties | 25.53 Bn | 23.65 Bn | 1.05 Bn | 209.93 Mn |
| 9 | Vivmark Residential | 23.01 Bn | 23.20 Bn | - | 82.46 Mn |
| 10 | Macerich | 6.41 Bn | 6.49 Bn | 147.76 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 73.66 Mn |
| Dec 31, 2023 | 75.47 Mn |
| Sep 30, 2023 | 73.22 Mn |
| Jun 30, 2023 | 72.64 Mn |
| Mar 31, 2023 | 39.42 Mn |
| Dec 31, 2022 | 59.17 Mn |
| Sep 30, 2022 | 52.63 Mn |
| Jun 30, 2022 | 53.19 Mn |
| Mar 31, 2022 | 51.86 Mn |
| Dec 31, 2021 | 43.53 Mn |
| Sep 30, 2021 | 40.34 Mn |
| Jun 30, 2021 | 54.91 Mn |
| Mar 31, 2021 | 53.90 Mn |
| Dec 31, 2020 | 10.26 Mn |
| Sep 30, 2020 | 37.18 Mn |
| Jun 30, 2020 | 20.03 Mn |
| Mar 31, 2020 | 8.07 Mn |
| Dec 31, 2019 | 47.99 Mn |
| Sep 30, 2019 | 14.80 Mn |
| Jun 30, 2019 | 37.11 Mn |
API Access
Macerich Interest Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expenses&ticker=MAC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "ticker": "MAC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expenses&ticker=MAC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();