Macerich (MAC) Tax Provisions (2009 - 2024)
Macerich's (MAC) quarterly Tax Provisions came in at -$1.2 million in Q1 2024, up 34.96% YoY from -$906916.5 in Q2 2023, and down 86.87% on a QoQ basis from -$655000.0 in Q4 2023.
Macerich (MAC) Tax Provisions (2009 - 2024) Analysis & Trends
Macerich (MAC) has 16 years of Tax Provisions data on file, last reported at -$1.2 million in Q1 2024.
- Quarterly Tax Provisions rose 34.96% year-over-year to -$1.2 million in Q1 2024, while the trailing twelve-month figure through Mar 2024 was $164000.0 (up 105.51% YoY) and the FY2023 annual result came in at -$494000.0, down 170.07% from the prior year.
- Tax Provisions slipped to -$1.2 million in Q1 2024, from -$655000.0 in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $7.1 million in Q2 2021 to a low of -$2.5 million in Q4 2021.
- A 5-year average of $322823.5 and a median of -$166000.0 in 2022 frame the typical range for Tax Provisions.
- Annual changes were most pronounced in 2021 — Tax Provisions slumped 1156.54% — and 2023, when it surged 1107.23%.
- Tracing MAC's Tax Provisions over 5 years: stood at $237000.0 in 2020, then tumbled by 1156.54% to -$2.5 million in 2021, then soared by 89.7% to -$258000.0 in 2022, then sank by 153.88% to -$655000.0 in 2023, then tumbled by 86.87% to -$1.2 million in 2024.
- The last three Tax Provisions figures came in at -$1.2 million (Q1 2024), -$655000.0 (Q4 2023), and $1.7 million (Q3 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 71.66 Bn | 71.66 Bn | 1.76 Bn | -6.80 Mn |
| 2 | Realty Income | 57.60 Bn | 57.60 Bn | - | 25.81 Mn |
| 3 | Kimco Realty | 16.10 Bn | 16.10 Bn | 455.67 Mn | 4,000.00 |
| 4 | Federal Realty Investment Trust | 10.06 Bn | 10.06 Bn | 271.22 Mn | - |
| 5 | Agree Realty | 8.80 Bn | 8.78 Bn | - | 375,000.00 |
| 6 | Nnn Reit | 8.64 Bn | 8.64 Bn | - | - |
| 7 | Macerich | 6.73 Bn | 6.73 Bn | 171.77 Mn | - |
| 8 | Essential Properties Realty Trust | 6.51 Bn | 6.51 Bn | - | 635,000.00 |
| 9 | Kite Realty Group Trust | 5.29 Bn | 5.29 Bn | - | 426,000.00 |
| 10 | Phillips Edison & Company | 5.01 Bn | 5.01 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | -1.22 Mn |
| Dec 31, 2023 | -655,000.00 |
| Sep 30, 2023 | 1.67 Mn |
| Jun 30, 2023 | 371,000.00 |
| Mar 31, 2023 | -1.88 Mn |
| Dec 31, 2022 | -258,000.00 |
| Sep 30, 2022 | -166,000.00 |
| Jun 30, 2022 | -670,000.00 |
| Mar 31, 2022 | 1.80 Mn |
| Dec 31, 2021 | -2.50 Mn |
| Sep 30, 2021 | 107,000.00 |
| Jun 30, 2021 | 7.11 Mn |
| Mar 31, 2021 | 2.24 Mn |
| Dec 31, 2020 | 237,000.00 |
| Sep 30, 2020 | 1.11 Mn |
| Jun 30, 2020 | -1.52 Mn |
| Mar 31, 2020 | -266,000.00 |
| Dec 31, 2019 | -114,000.00 |
| Sep 30, 2019 | 678,000.00 |
| Jun 30, 2019 | 679,000.00 |