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What smart money is saying about The Macerich CompanyUnited States flag

MAC · Real Estate · REIT - Retail · Market cap $4.80B

4 funds in our archive have pitched The Macerich Company — most recently Baron Real Estate Income Fund in June 2026.

Company profile

Macerich operates as a comprehensive, self-managed real estate investment trust (REIT) that independently oversees all aspects of its operations. Its core focus is on the acquisition, leasing, management, development, and revitalization of regional shopping malls throughout the United States. The company currently holds interests in 47 regional retail complexes, representing a total portfolio of 51 million square feet of real estate. Macerich specializes in high-performing retail properties located within America's most sought-after and populous markets, boasting a significant footprint particularly across the West Coast, Arizona, Chicago, and the corridor extending from Metropolitan New York to Washington, D.C. A consistent leader in environmental sustainability, Macerich earned the top GRESB ranking in the North American Retail Sector for an impressive five consecutive years, from 2015 to 2019.

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4
Reported positions
0
Bought
0
Sold
7
Letters

Position history

Between Q4 2024 and Q2 2026, 4 fund letters reported a position in The Macerich Company, with no move described.

Fund letters reporting a position in The Macerich Company, by quarter
QuarterLettersBoughtSoldTheses
Q2 20264001
Q1 20260001
Q3 20250001
Q4 20240001

Fund activity · 4 positions

Fund coverage · 4 theses

  • The Macerich Company is favored for strong mall fundamentals, attractive valuations, and value-creation initiatives by management.

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  • The Macerich Company is a high-quality mall owner trading at a discounted FFO multiple with potential value creation via asset sales, deleveraging, and improved leasing.

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  • The Macerich Company is an exceptionally high-quality mall REIT with strong prospects due to robust tenant demand, a shortage of desirable retail space, and an analytical leadership approach aimed at unlocking hidden value, currently undervalued compared to peers.

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  • Macerich is a REIT with a high-quality portfolio of 43 malls in prime U.S. locations, poised for growth due to strong tenant demand, limited supply, and leadership changes aimed at improving performance.

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Read every full thesis on The Macerich Company

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