The Macerich Company
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.01B | $918.2M | $884.1M | $859.2M | $847.4M | $786.0M | $927.5M | $960.4M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $31.5M | $28.1M | $29.2M | $27.2M | $30.1M | $30.3M | $22.6M | $24.2M |
| Operating Income | $-115.8M | $-40.6M | $12.9M | $-66.8M | $-68.3M | $12.5M | $67.5M | $25.4M |
| Operating Margin | -11.4% | -4.4% | 1.5% | -7.8% | -8.1% | 1.6% | 7.3% | 2.6% |
| Interest Expense | — | — | — | $216.9M | $192.7M | $75.6M | $138.3M | $183.0M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $-2.2M | $-1.3M | $-494.0K | $705.0K | $6.9M | $-447.0K | $1.6M | $-3.6M |
| Net Income | $-197.1M | $-194.1M | $-274.1M | $-66.1M | $14.3M | $-230.2M | $96.8M | $69.0M |
| Net Margin | -19.4% | -21.1% | -31.0% | -7.7% | 1.7% | -29.3% | 10.4% | 7.2% |
| EPS (Basic) | $-0.78 | $-0.88 | $-1.28 | $-0.31 | $0.07 | $-1.58 | $0.68 | $0.42 |
| EPS (Diluted) | $-0.78 | $-0.88 | $-1.28 | $-0.31 | $0.07 | $-1.58 | $0.68 | $0.42 |
| Shares Outstanding (Basic) | 254.2M | 221.8M | 215.5M | 215.0M | 198.1M | 146.2M | 141.3M | 141.1M |
| Shares Outstanding (Diluted) | 254.2M | 221.8M | 215.5M | 215.0M | 198.1M | 146.2M | 141.3M | 141.1M |
| Dividends Per Share | $0.68 | $0.68 | $0.68 | $0.62 | $0.60 | $1.55 | $3.00 | $2.97 |