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| 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 |