Macerich (MAC) Tax Rate (2017 - 2024)
Macerich's (MAC) quarterly Tax Rate came in at 0.76% in Q1 2024, down 417.0% YoY from 0.24% in Q2 2023, and up 79.3% on a QoQ basis from 0.42% in Q4 2023.
Macerich (MAC) Tax Rate (2017 - 2024) Analysis & Trends
Macerich (MAC) has 8 years of Tax Rate data on file, last reported at 0.76% in Q1 2024.
- Quarterly Tax Rate fell 417.0% year-over-year to 0.76% in Q1 2024, while the trailing twelve-month figure through Mar 2024 was 0.03% (down 50.0% YoY) and the FY2023 annual result came in at 0.1%, up 23.0% from the prior year.
- Tax Rate improved to 0.76% in Q1 2024, from 0.42% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 4.94% in Q1 2023 to a low of 30.96% in Q2 2021.
- A 5-year average of 1.55% and a median of 0.06% in 2022 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2021 — Tax Rate sank 3308 bps — and 2022, when it surged 3262 bps.
- Tracing MAC's Tax Rate over 5 years: stood at 0.46% in 2020, then plunged by 265 bps to 0.76% in 2021, then jumped by 107 bps to 0.06% in 2022, then soared by 646 bps to 0.42% in 2023, then jumped by 79 bps to 0.76% in 2024.
- The last three Tax Rate figures came in at 0.76% (Q1 2024), 0.42% (Q4 2023), and 1.18% (Q3 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 72.90 Bn | 72.90 Bn | 1.76 Bn | -1.10% |
| 2 | Realty Income | 57.78 Bn | 57.78 Bn | - | 6.51% |
| 3 | Kimco Realty | 16.15 Bn | 16.15 Bn | 455.67 Mn | 0.00% |
| 4 | Federal Realty Investment Trust | 10.03 Bn | 10.03 Bn | 271.22 Mn | - |
| 5 | Agree Realty | 8.86 Bn | 8.85 Bn | - | 3.78% |
| 6 | Nnn Reit | 8.68 Bn | 8.68 Bn | - | - |
| 7 | Macerich | 6.68 Bn | 6.68 Bn | 171.77 Mn | - |
| 8 | Essential Properties Realty Trust | 6.53 Bn | 6.53 Bn | - | 0.85% |
| 9 | Kite Realty Group Trust | 5.31 Bn | 5.31 Bn | - | - |
| 10 | Phillips Edison & Company | 5.01 Bn | 5.01 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 0.76% |
| Mar 31, 2024 | 0.76% |
| Mar 31, 2024 | 0.76% |
| Dec 31, 2023 | 0.42% |
| Dec 31, 2023 | 0.42% |
| Dec 31, 2023 | 0.42% |
| Sep 30, 2023 | -1.18% |
| Sep 30, 2023 | -1.18% |
| Sep 30, 2023 | -1.18% |
| Jun 30, 2023 | -0.29% |
| Jun 30, 2023 | -0.29% |
| Jun 30, 2023 | -0.29% |
| Mar 31, 2023 | 4.94% |
| Mar 31, 2023 | 4.94% |
| Mar 31, 2023 | 4.94% |
| Dec 31, 2022 | 0.06% |
| Dec 31, 2022 | 0.06% |
| Dec 31, 2022 | 0.06% |
| Sep 30, 2022 | 0.18% |
| Sep 30, 2022 | 0.18% |