Macerich vs NNN Reit
Macerich and NNN Reit are similar in size: $1.01bn and $926m of revenue in their latest fiscal years. Macerich grew faster (10.4% against 6.6%). NNN Reit kept more of each dollar of sales as profit: a net margin of 42.1% against -19.4%.
| Latest fiscal year | MacerichMAC, 2025 | NNN ReitNNN, 2025 |
|---|---|---|
| Revenue | $1.01bn | $926m |
| Revenue growth | 10.4% | 6.6% |
| Net income | −$197m | $390m |
| Operating margin | — | 63.6% |
| Net margin | -19.4% | 42.1% |
| Return on equity | -7.6% | 8.9% |
| Free cash flow | — | — |
| Cash | $280m | $5.0m |
| Total debt | $5.07bn | $348m |
| Debt to equity | — | 7.9% |
| Dividend per share | $0.68 | $2.36 |
| Dividend yield | 2.7% | 5.5% |
| Share buybacks | — | — |
| Employees | 598 | 83 |
| Market value | $7.02bn | $7.98bn |
| Price vs our value range | — | — |
| Moat score | 30 (Weak) | 61 (Moderate) |
| Insider trades, 12 months | 0 buys, 1 sales | 0 buys, 3 sales |