Macerich (MAC) Operating Expenses (2009 - 2026)
Macerich's (MAC) quarterly Operating Expenses came in at $278.0 million in Q1 2026, down 2.92% YoY from $286.4 million in Q1 2025, and down 1.29% on a QoQ basis from $281.7 million in Q4 2025.
Macerich (MAC) Operating Expenses (2009 - 2026) Analysis & Trends
Macerich (MAC) has 18 years of Operating Expenses data on file, last reported at $278.0 million in Q1 2026.
- Quarterly Operating Expenses fell 2.92% year-over-year to $278.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.1 billion (up 10.69% YoY) and the FY2025 annual result came in at $1.1 billion, up 17.83% from the prior year.
- Operating Expenses declined to $278.0 million in Q1 2026, from $281.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $394.8 million in Q4 2022 to a low of $174.5 million in Q2 2022.
- A 5-year average of $245.7 million and a median of $232.1 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 860.91% — and 2023, when it slumped 51.14%.
- Tracing MAC's Operating Expenses over 5 years: stood at $394.8 million in 2022, then tumbled by 51.14% to $192.9 million in 2023, then soared by 39.22% to $268.5 million in 2024, then grew by 4.91% to $281.7 million in 2025, then slipped by 1.29% to $278.0 million in 2026.
- The last three Operating Expenses figures came in at $278.0 million (Q1 2026), $281.7 million (Q4 2025), and $281.1 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 72.80 Bn | 72.80 Bn | 1.76 Bn | 900.79 Mn |
| 2 | Realty Income | 57.71 Bn | 57.71 Bn | - | 1.19 Bn |
| 3 | Kimco Realty | 16.13 Bn | 16.13 Bn | 455.67 Mn | 356.02 Mn |
| 4 | Federal Realty Investment Trust | 10.03 Bn | 10.03 Bn | 271.22 Mn | 217.66 Mn |
| 5 | Agree Realty | 8.85 Bn | 8.84 Bn | - | 112.31 Mn |
| 6 | Nnn Reit | 8.68 Bn | 8.68 Bn | - | 102.00 Mn |
| 7 | Macerich | 6.67 Bn | 6.67 Bn | 171.77 Mn | 277.43 Mn |
| 8 | Essential Properties Realty Trust | 6.52 Bn | 6.52 Bn | - | 62.12 Mn |
| 9 | Kite Realty Group Trust | 5.31 Bn | 5.31 Bn | - | 150.10 Mn |
| 10 | Phillips Edison & Company | 5.00 Bn | 5.00 Bn | - | 135.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 277.43 Mn |
| Mar 31, 2026 | 278.05 Mn |
| Dec 31, 2025 | 281.69 Mn |
| Sep 30, 2025 | 281.09 Mn |
| Jun 30, 2025 | 280.57 Mn |
| Mar 31, 2025 | 286.41 Mn |
| Dec 31, 2024 | 268.52 Mn |
| Sep 30, 2024 | 240.24 Mn |
| Jun 30, 2024 | 217.92 Mn |
| Mar 31, 2024 | 232.09 Mn |
| Dec 31, 2023 | 192.88 Mn |
| Sep 30, 2023 | 231.69 Mn |
| Jun 30, 2023 | 229.73 Mn |
| Mar 31, 2023 | 177.48 Mn |
| Dec 31, 2022 | 394.80 Mn |
| Sep 30, 2022 | 179.47 Mn |
| Jun 30, 2022 | 174.52 Mn |
| Mar 31, 2022 | 229.06 Mn |
| Dec 31, 2021 | 41.09 Mn |
| Sep 30, 2021 | 215.90 Mn |