Macerich (MAC) Operating Leases (2019 - 2026)

Macerich (MAC) reported Operating Leases of $65.1 million for Q1 2026, down 0.54% on a YoY basis from $65.5 million in Q1 2025, and down 2.73% quarter-over-quarter from $67.0 million in Q4 2025.

Macerich (MAC) Operating Leases (2019 - 2026) Analysis & Trends

Macerich has reported Operating Leases for 8 years, with the latest figure at $65.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Leases fell 0.54% year-over-year to $65.1 million; the trailing twelve-month figure through Mar 2026 stood at $65.1 million (down 0.54% YoY), and the FY2025 full-year result was $67.0 million, down 6.56% from the prior year.
  • Operating Leases for Q1 2026 stood at $65.1 million, down from $67.0 million in the prior quarter.
  • The five-year high for Operating Leases was $101.2 million in Q1 2022, with the low at $65.1 million in Q1 2026.
  • Historically, Operating Leases has averaged $81.6 million across 5 years, with a median of $81.7 million in 2024.
  • Annual changes were most pronounced in 2022 — Operating Leases gained 17.59% — and 2025, when it dropped 19.84%.
  • Macerich's Operating Leases stood at $94.9 million in 2022, then fell by 11.51% to $84.0 million in 2023, then retreated by 14.65% to $71.7 million in 2024, then decreased by 6.56% to $67.0 million in 2025, then retreated by 2.73% to $65.1 million in 2026.
  • The last three Operating Leases figures came in at $65.1 million (Q1 2026), $67.0 million (Q4 2025), and $69.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Simon Property 69.18 Bn 69.56 Bn 1.76 Bn
2 Realty Income 55.47 Bn 56.16 Bn -
3 Kimco Realty 17.00 Bn 17.03 Bn 447.43 Mn
4 Regency Centers 14.85 Bn 14.97 Bn -
5 Federal Realty Investment Trust 10.68 Bn 10.75 Bn 265.49 Mn
6 Agree Realty 8.92 Bn 8.90 Bn -
7 Nnn Reit 8.68 Bn 8.68 Bn -
8 Essential Properties Realty Trust 6.37 Bn 6.38 Bn -
9 Macerich 6.30 Bn 6.10 Bn 158.29 Mn
10 Kite Realty Group Trust 6.26 Bn 6.38 Bn -

Historic Data

Download Data
DateValue
Mar 31, 2026 65.15 Mn
Dec 31, 2025 66.98 Mn
Sep 30, 2025 69.73 Mn
Jun 30, 2025 71.54 Mn
Mar 31, 2025 65.51 Mn
Dec 31, 2024 71.68 Mn
Sep 30, 2024 73.03 Mn
Jun 30, 2024 79.73 Mn
Mar 31, 2024 81.71 Mn
Dec 31, 2023 83.99 Mn
Sep 30, 2023 85.73 Mn
Jun 30, 2023 88.17 Mn
Mar 31, 2023 92.01 Mn
Dec 31, 2022 94.91 Mn
Sep 30, 2022 97.68 Mn
Jun 30, 2022 98.43 Mn
Mar 31, 2022 101.24 Mn
Dec 31, 2021 80.71 Mn
Sep 30, 2021 83.46 Mn
Jun 30, 2021 86.20 Mn