NYSE: MAC · Retail REITs
Macerich (MAC) fair value and price range
As of 26 Sep 2026, Faircurve's model values Macerich (MAC) at $8.00 a share. The stock last closed at $23.05, which puts the model's fair value 65.3% below the price. The fair value sits more than 60% away from the price. Faircurve gives no verdict on a gap wider than 60%.
Revalued . Price is the close of 2 Oct 2026. The Macerich Company.
What price range does the model give MAC?
The calibrated range for MAC over 63 trading days is $6.71 to $9.75. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon.
The price is above this range. For names with fair value 15%+ below price, the calibrated range has held the price 40% of the time over 63 trading days, and 58% ended above it; the typical move was −0.1%.
The model's own range is $7.30 to $8.70.
How does MAC compare with similar companies?
The companies in retail reits closest to Macerich in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| NNN NNN REIT, Inc. | $40.95 | $42.65 | +4.2% | No verdict on this run |
| ADC Agree Realty Corporation | $65.88 | $51.00 | -22.6% | No verdict on this run |
| BRX Brixmor Property Group Inc. | $27.39 | $30.46 | +11.2% | Undervalued |
| KRG Kite Realty Group Trust | $24.39 | $33.96 | +39.2% | No verdict on this run |
| PECO Phillips Edison & Co. | $37.76 | $32.32 | -14.4% | Low evidence grade |
| FRT Federal Realty Investment Trust | $106.69 | $94.16 | -11.7% | No verdict on this run |
| SKT Tanger Inc. | $35.11 | $30.81 | -12.2% | No verdict on this run |
| REG Regency Centers Corporation | $71.60 | $63.67 | -11.1% | No verdict on this run |
When does MAC report earnings, and how has the stock reacted?
Macerich's next earnings report is scheduled for 3 Nov 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 9.3% in either direction through the nearest expiry, about 48 days out, a window that includes the report. That is the size the market is pricing, not a direction.
How MAC moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 3.2%.
| Report date | Two session move |
|---|---|
| 4 Aug 2026 | -1.9% |
| 6 May 2026 | -0.6% |
| 18 Feb 2026 | +5.2% |
| 4 Nov 2025 | +1.9% |
| 11 Aug 2025 | +4.4% |
| 12 May 2025 | +10.2% |
| 27 Feb 2025 | -10.3% |
| 6 Nov 2024 | +1.9% |
Macerich at a glance
Macerich operates as a comprehensive, self-managed real estate investment trust (REIT) that independently oversees all aspects of its operations.
- Market value
- $6.7B
- Sector
- Real Estate
- Industry
- Retail REITs
- Beta to the US market
- 0.57
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model values Macerich three ways and blends them; the range around the fair value comes from 2,000 simulations of the dividend model. The full method is documented here.
What changed in the latest valuation?
On 19 Sep 2026 the model's fair value for MAC was $8.14. As of 26 Sep 2026 it is $8.00, a change of -1.7%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Macerich's valuation
Is Macerich stock undervalued or overvalued?
Faircurve's model puts MAC's fair value at $8.00 a share against a last close of $23.05, as of 26 Sep 2026. The fair value sits more than 60% away from the price. Faircurve gives no verdict on a gap wider than 60%.
What is MAC's fair value?
$8.00 a share as of 26 Sep 2026. The fair value blends three methods: a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The model's own range is $7.30 to $8.70.
What price range does the model give MAC?
$6.71 to $9.75 over 63 trading days. Ranges built this way held the price 60% of the time across 4,327 past valuations, refreshed 26 Sep 2026.
When does Macerich report earnings next?
The next report is scheduled for 3 Nov 2026. Companies can move their dates.
How much has MAC moved on past earnings reports?
Across its last 8 reports the median two session move was 3.2%, ignoring direction. The largest was -10.3% around the report of 27 Feb 2025.
How confident is the model in this valuation?
The model's evidence grade for MAC is low. For real estate investment trusts (REITs) the grade looks at how many valuation methods could be applied and whether they agree with each other, and how many comparable companies there are. It is not a probability that the fair value is right, or that the price reaches it.