Macerich (MAC) vs Vornado Realty (VNO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Macerich (MAC) has outperformed Vornado Realty (VNO) over the past year, gaining 27.6% versus a loss of 16.7%. Over five years, MAC leads with a +25.4% price change compared with -25.1% for VNO. Vornado Realty is the larger company by market cap ($6.69 billion vs $6.55 billion), about 1.0 times the size, while Macerich is growing revenue faster (+10.4% vs +1.3%).
On valuation, Vornado Realty trades at a lower forward P/E (109.0x vs 161.4x for Macerich). Macerich offers the higher dividend yield (3.06% vs 2.19%). Vornado Realty converts more of its revenue into profit, with a net margin of 50.0% versus -19.4%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MAC | VNO |
|---|---|---|
| Share price | $22.19 | $33.78 |
| Market cap | $6.55B | $6.69B |
| 1-day change | -3.31% | +0.78% |
| YTD return | +20.21% | +1.50% |
| 1-year return | +27.60% | -16.70% |
| 5-year return | +25.37% | -25.13% |
| P/E ratio (TTM) | — | 844.50 |
| Forward P/E | 161.38 | 108.97 |
| EPS (TTM) | $-0.65 | $0.04 |
| Dividend yield | 3.06% | 2.19% |
| Annual dividend | $0.68 | $0.74 |
| Revenue (latest FY) | $1.01B | $1.81B |
| Revenue growth (YoY) | +10.43% | +1.27% |
| Net income (latest FY) | $-197.15M | $904.96M |
| Net margin | -19.44% | 49.99% |
| 52-week high | $26.68 | $41.60 |
| 52-week low | $16.03 | $24.57 |
| Distance from 52-week high | -16.83% | -18.80% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +21.68% | +18.18% |
| Average volume | 3.29M | 1.45M |
| Shares outstanding | 283.56M | 186.72M |
| Employees | 596 | 3,145 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- MAC has outperformed VNO by 44.3 percentage points over the past year.
- Vornado Realty is more profitable, keeping 50.0 cents of every revenue dollar as net income versus -19.4 cents for Macerich.
- Macerich grew revenue faster in its latest fiscal year (+10.43% vs +1.27%).
About Macerich
MAC stock →The Macerich Company is a fully integrated, self-managed, self-administered real estate investment trust (REIT). As a leading owner, operator, and developer of high-quality retail real estate in densely populated and attractive U.S.
Real Estate · Real Estate Investment Trusts · 596 employees
About Vornado Realty
VNO stock →Vornado Realty Trust is a fully integrated real estate investment trust with a 26 million square-foot portfolio of premier New York City office, retail and multifamily assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns premier assets in both Chicago and San Francisco.
Real Estate · Real Estate Investment Trusts · 3,145 employees
MAC vs VNO FAQ
Which is bigger, Macerich or Vornado Realty?
Vornado Realty (VNO) is larger, with a market capitalization of $6.69B compared with $6.55B for Macerich (MAC).
Which stock has performed better over the past year, MAC or VNO?
MAC returned +27.60% over the past 12 months, compared with -16.70% for VNO (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, Macerich or Vornado Realty?
Macerich has the higher yield at 3.06%, compared with 2.19% for Vornado Realty.
Are Macerich and Vornado Realty in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.