Macerich Co balance sheet

At the end of fiscal 2025, Macerich Co had total assets of $8.37bn, total liabilities of $5.84bn and shareholders' equity of $2.45bn. It held $280m in cash against $5.07bn of debt.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Macerich Co: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	0.1	0.4	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.5	0.1	0.1	0.1	0.1	0.3	0.2
Total assets	7.3	7.6	7.9	9.3	9.1	13.1	11.2	10.0	9.6	9.0	8.9	9.2	8.3	8.1	7.5	8.6	8.4	8.5
Long-term debt	—	—	—	—	—	—	—	—	—	—	—	4.6	4.4	4.2	4.1	4.9	5.1	4.8
Total debt	3.2	3.3	3.3	4.4	4.4	5.4	4.6	4.1	4.2	4.1	4.4	4.6	4.4	4.2	4.1	4.9	5.1	4.8
Total liabilities	5.1	4.4	4.8	5.9	5.4	7.1	6.2	5.5	5.6	5.8	6.0	6.7	5.2	5.1	5.0	5.7	5.8	5.6
Shareholders' equity	1.9	2.9	2.8	3.1	3.4	5.6	4.7	4.1	3.7	3.0	2.6	2.3	3.0	2.9	2.4	2.8	2.4	2.8
Non-controlling interests and other (assets − liabilities − equity)	0.3	0.3	0.4	0.3	0.4	0.4	0.4	0.3	0.3	0.2	0.2	0.2	—	—	—	—	—	—
Shares outstanding	97m	130m	132m	138m	141m	158m	154m	144m	141m	141m	141m	150m	215m	215m	216m	253m	257m	284m

US$ millions unless shown otherwise. Fiscal quarters.

Macerich Co: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Total assets	7,590	8,567	8,680	8,729	8,424	8,369	8,192	8,524
Long-term debt	4,342	4,895	5,232	5,230	5,077	5,069	4,851	4,848
Total debt	4,342	4,895	5,232	5,230	5,077	5,069	4,851	4,848
Total liabilities	5,001	5,725	5,936	6,066	5,842	5,842	5,680	5,616
Shareholders' equity	2,512	2,756	2,664	2,585	2,511	2,449	2,438	2,827
Shares outstanding	226m	253m	253m	253m	256m	257m	261m	284m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

Compare with peers

Head to head: ADC vs MAC KRG vs MAC MAC vs PECO FRT vs MAC

More: Retail REITs stocks compared, Real Estate sector, rankings of US companies

Figures from Macerich Co's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Macerich Co.