Macerich (MAC) Tax Provisions (2009 - 2024)

Macerich (MAC) reported Tax Provisions of -$1.2 million for Q1 2024, up 34.96% on a YoY basis from -$906916.5 in Q2 2023, and down 86.87% quarter-over-quarter from -$655000.0 in Q4 2023.

Macerich (MAC) Tax Provisions (2009 - 2024) Analysis & Trends

Macerich has reported Tax Provisions for 16 years, with the latest figure at -$1.2 million in Q1 2024.

  • For the quarter ending Q1 2024, Tax Provisions rose 34.96% year-over-year to -$1.2 million; the trailing twelve-month figure through Mar 2024 stood at $164000.0 (up 105.51% YoY), and the FY2023 full-year result was -$494000.0, down 170.07% from the prior year.
  • Tax Provisions for Q1 2024 stood at -$1.2 million, down from -$655000.0 in the prior quarter.
  • The five-year high for Tax Provisions was $7.1 million in Q2 2021, with the low at -$2.5 million in Q4 2021.
  • Historically, Tax Provisions has averaged $322823.5 across 5 years, with a median of -$166000.0 in 2022.
  • Annual changes were most pronounced in 2021 — Tax Provisions slumped 1156.54% — and 2023, when it surged 1107.23%.
  • Macerich's Tax Provisions 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Simon Property 69.18 Bn 69.56 Bn 1.76 Bn -6.80 Mn
2 Realty Income 55.47 Bn 56.16 Bn - 26.20 Mn
3 Kimco Realty 17.00 Bn 17.03 Bn 447.43 Mn 1.09 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 - 500,000.00
7 Nnn Reit 8.68 Bn 8.68 Bn - -
8 Essential Properties Realty Trust 6.37 Bn 6.38 Bn - 160,000.00
9 Macerich 6.30 Bn 6.10 Bn 158.29 Mn -
10 Kite Realty Group Trust 6.26 Bn 6.38 Bn - 152,000.00

Historic Data

Download Data
DateValue
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