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SANTA MONICA - The Macerich Company (NYSE:MAC) announced Thursday its Board of Directors has declared a quarterly cash dividend of $0.17 per share of common stock, representing a 4.11% yield. According to InvestingPro data, the company has maintained dividend payments for 32 consecutive years. The dividend will be paid on September 23, 2025, to stockholders of record as of September 9, 2025.
Macerich, a real estate investment trust (REIT) with a market capitalization of $4.4 billion, specializes in owning, operating and developing retail real estate in densely populated U.S. markets. Despite challenging market conditions, the company has achieved impressive revenue growth of 20.66% over the last twelve months. The company’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor.
The company currently owns 42 million square feet of real estate, primarily consisting of interests in 39 retail centers across the United States. Macerich has maintained a #1 Global Real Estate Sustainability Benchmark ranking for the North American retail sector for ten consecutive years from 2015 to 2024, according to the press release.
As a fully integrated, self-managed REIT, Macerich focuses on properties that serve as community cornerstones in their respective markets. The dividend announcement comes as part of the company’s regular quarterly financial activities.
The information was disclosed in a press release issued by the company.
In other recent news, The Macerich Company announced the acquisition of Crabtree Mall in Raleigh, North Carolina, for $290 million. The company anticipates an initial yield of 11% from the property, with potential growth to 12.5% by 2027. Jefferies has raised its price target for Macerich to $19 while maintaining a Buy rating, citing improved tenant reimbursement rates and revised financial assumptions. Meanwhile, Mizuho Securities upgraded Macerich’s stock rating from Neutral to Outperform but lowered the price target to $18, highlighting the stock’s risk/reward balance.
Additionally, Macerich held its annual stockholders meeting, where eight directors were elected, including Steven R. Hash and Enrique Hernandez, Jr. Truist Securities also maintained a Buy rating with a $19 price target, noting the company’s strong first-quarter performance. Macerich reported a significant increase in leasing activity, with 2.6 million square feet of leases signed, marking a 156% rise from the previous year. This leasing momentum was primarily driven by renewals, totaling approximately 2.3 million square feet.
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