What smart money is saying about The Macerich Company
5 funds in our archive have pitched The Macerich Company, most recently Baron Real Estate Income Fund in September 2026.
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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Position history
Between Q4 2024 and Q3 2026, 6 fund letters reported a position in The Macerich Company, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 0 | 1 |
| Q2 2026 | 4 | 0 | 0 | 1 |
| Q1 2026 | 0 | 0 | 0 | 1 |
| Q3 2025 | 0 | 0 | 0 | 1 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 6 positions
- September 2026
“Mall REITs (7.1%) • We remain positive about mall REITs, particularly The Macerich Company and Simon Property Group, Inc.”
The Macerich Company - September 2026
Listed in Baron Real Estate Fund’s reported holdings.
The Macerich Company - June 2026
“Mall REITs (8.1%) We remain positive about mall REITs, particularly The Macerich Company and Simon Property Group, Inc.”
The Macerich Company - June 2026
“Mall REITs (8.1%) We remain positive about mall REITs, particularly The Macerich Company and Simon Property Group, Inc.”
The Macerich Company - June 2026
“The Macerich Company , a high-quality retail mall REIT, contributed positively to performance in the second quarter, driven by management's continued strong execution.”
The Macerich Company - June 2026
“The Macerich Company , a high-quality retail mall REIT, contributed positively to performance in the second quarter, driven by management's continued strong execution.”
The Macerich Company
Fund coverage · 5 theses
- Baron Real Estate Income FundSeptember 2026
The Macerich Company is a mall REIT with strong leasing fundamentals, an engaged management team, and upside from debt reduction and FFO growth.
Read the full thesis - Baron Real Estate Income FundJune 2026
The Macerich Company is favored for strong mall fundamentals, attractive valuations, and value-creation initiatives by management.
Read the full thesis - Baron Real Estate Income FundMarch 2026
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.
Read the full thesis - Baron Real Estate Income FundSeptember 2025
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.
Read the full thesis - Baron Discovery FundDecember 2024
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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