
Macerich (MAC) Stock Forecast & Price Target
Macerich (MAC) Analyst Ratings
Bulls say
Macerich is positioned for strong growth in the future due to its ownership of premium mall assets, averaging $899 in sales per square foot and a portfolio of 39.2 million square feet of gross leasable area. The company's Path Forward Plan has been showing progress, with a decrease in leverage and continued leasing and capital allocation execution. Their recent acquisitions have been structured in a way that supports their deleveraging objectives and demonstrates the scalability of their leasing and repositioning strategies. These factors, along with the company's strong leasing execution, lead to a positive outlook for Macerich's stock.
Bears say
Macerich is projected to experience minimal growth in normalized FFOps in 2026, followed by an average annual FFOps growth of 6.5% from 2026 to 2031. Despite potential opportunities for external growth and a shift towards permanent tenants, there are still risks that could hinder the company's ability to achieve its goals, such as economic weakness and the inability to lease vacant space. Additionally, Macerich currently trades at a significant premium to its historical NAV and FFO multiples, and an increase in its 12-month price target is not justified.
This aggregate rating is based on analysts' research of Macerich and is not a guaranteed prediction by Public.com or investment advice.
Macerich (MAC) Analyst Forecast & Price Prediction
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