The Macerich Company (MAC) scored on five pillars from its reported financial statements, and ranked against 84 Real Estate companies.
The Macerich Company (MAC) scores 4.1 out of 10 as of , computed from its reported financial statements. That reads as mixed quality. The reading rests on predictability, and profitability is what holds it back.
2 pillars, solvency and efficiency, are unscored because the filings behind them carry too little to judge. Each is shown as a dash rather than a zero, and the overall score is the weighted average of what could be scored.
Data provided by Twelve Data. Scores are computed by Lemma Analysis from reported financials.
We cannot judge The Macerich Company yet, because fewer than five years had both a return on capital and a cost of capital we could measure. This is not a “no”.
Quantitative signs of a moat, read from the filed statements. This is not a judgement of where it comes from (brand, network effects, switching costs). How Lemma measures a moat →
As of October 19, 2026, The Macerich Company scores 4.1 out of 10 on the Lemma Quality Score, a reading of mixed quality. In this band one or two pillars are usually holding the score up while others drag it down, which the breakdown below makes visible. Nothing in it comes from the share price or from forecasts: it is The Macerich Company’s own reported numbers, scored pillar by pillar.
Set against 84 Real Estate companies, The Macerich Company lands at the 25th percentile, just below the middle of the group. A typical company in the group scores 5.2, and the best quarter starts from 5.9. The Macerich Company is below that typical reading.
The Macerich Company’s profitability score is 2.7 out of 10 (weak). Against a median of 4.8 among 80 Real Estate companies, that is well below the group and the 28th percentile. Low margins and returns leave little cushion, so a downturn or a cost increase reaches the bottom line quickly.
Solvency has no score for The Macerich Company. Fewer than half of the pillar’s metric weight could be computed from the reported statements, so it is drawn as a dash and left out of the overall rather than counted as a zero. For context, the median solvency score across 34 Real Estate companies is 3.7. Without it the overall says nothing about how comfortably the company carries its debt.
Growth scores 4.0 out of 10, which reads as average. The median across 74 Real Estate companies is 5.2, so The Macerich Company is below its peers on this pillar and ranks at the 26th percentile. Average growth reflects a business expanding at roughly the pace of its sector, without a clear acceleration or decline.
Efficiency has no score for The Macerich Company. Fewer than half of the pillar’s metric weight could be computed from the reported statements, so it is drawn as a dash and left out of the overall rather than counted as a zero. For context, the median efficiency score across 80 Real Estate companies is 6.4. Without it the overall cannot say how well reported profit turns into cash.
On predictability, The Macerich Company scores 5.9, an average reading. Its peers have a median of 4.9 across 83 Real Estate companies, which places it above them, at the 78th percentile. Consistency near the median is typical, and it is worth checking whether the swings came from the business itself or from one-off items.
Predictability at 5.9 is The Macerich Company’s best pillar and profitability at 2.7 its weakest. The 3.2 point gap between them is worth keeping in mind when reading the overall. Leading with predictability suits a steady compounder, even if the other pillars are less striking. Weak profitability can be cyclical, so it helps to know whether margins are at a low point or a long-run level.
Of everything that could lift The Macerich Company’s score, profitability matters most. Bringing it up to the 4.8 median of Real Estate companies would take the overall from 4.1 to roughly 4.9. With two pillars unscored, the overall rests on 65 of the 100 weight points, spread across the three pillars that could be measured (the full set is profitability 25, solvency 20, growth 20, efficiency 15, predictability 20).
For a fair comparison, start with companies of a similar size: the Real Estate companies below are nearest to The Macerich Company by market value, each scored on the same pillars.
How much profit the company generates from its capital and sales.
The company’s ability to service debt and meet its obligations.
How fast revenue, earnings and cash flow are compounding.
How well assets and earnings convert into cash and output.
How stable and consistent results have been over time.
Each metric is scored from 0 to 10 against sector-aware benchmarks, where higher is better. Metrics roll up into five pillars, and the pillars combine into the overall score using the weights shown. Sector-sensitive metrics are judged relative to peers in the same sector.
This score is a systematic, backward-looking read of reported fundamentals. It does not judge valuation, management quality, competitive moat, or future prospects, and can be distorted by one-off items or unusual accounting. Treat it as a starting point, not a recommendation.
Educational only. Not investment advice.
On this reading The Macerich Company scores 4.1 out of 10, which reads as mixed quality. Its strongest pillar is predictability, its weakest is profitability. Quality is not the same as a good investment: the score says nothing about the price you would pay.
The Macerich Company ranks at the 25th percentile of the 84 Real Estate companies Lemma publishes a score for. The median there is 5.2 and the top quarter starts at 5.9, against The Macerich Company’s 4.1.
Five pillars, each scored from 0 to 10 against sector-aware benchmarks and then weighted into one overall reading: profitability, solvency, growth, efficiency and predictability. Everything comes from reported financials, and nothing comes from price, sentiment or forecasts.
This page last changed on October 19, 2026. The score moves with the financial statements, so the page changes when a new filing moves the reading rather than on a schedule. Live figures for MAC are in the app.
No. Quality and valuation are separate questions, and a good business at the wrong price is still a bad purchase. Score the business here, then price it with a DCF you control.
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