Macerich (MAC) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - Macerich reported a revenue of $249.22 million for the quarter ended March 2025, reflecting a year-over-year increase of 19.4% and surpassing the Zacks Consensus Estimate of $218.91 million by 13.85% [1] - The company's EPS for the quarter was $0.33, a significant improvement from -$0.56 in the same quarter last year, and exceeded the consensus EPS estimate of $0.31 by 6.45% [1] Revenue Breakdown - Minimum rents generated $160.15 million, exceeding the three-analyst average estimate of $133.74 million, marking a year-over-year increase of 26% [4] - Management Companies revenues were reported at $4.92 million, below the estimated $7.36 million, representing a decline of 40.2% compared to the previous year [4] - Tenant recoveries amounted to $67.26 million, surpassing the average estimate of $59.11 million, with a year-over-year increase of 15.9% [4] - Percentage rents were reported at $4.25 million, slightly below the average estimate of $4.70 million, but showing a significant year-over-year increase of 64.7% [4] Stock Performance - Over the past month, Macerich's shares have returned +7.6%, outperforming the Zacks S&P 500 composite's +3.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]