Macerich Quarterly Cash Flow Statement
NYSE: MACReal EstateREIT - RetailUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Macerich free cash flow
In the quarter ended Jun 30, 2026, Macerich generated $66.9 million of operating cash flow and spent $25.1 million on capital expenditures. That left free cash flow of $41.8 million, a free-cash-flow margin of 16.7% of revenue. Free cash flow was down 30.1% from the prior year's $59.8 million.
Macerich returned $51.8 million to shareholders through dividends, equal to 124% of free cash flow. Free cash flow covered dividend payments 0.8 times.
Summary generated from market data by MetaCap's automated system. Methodology
Macerich cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | -26.85M | -36.89M | -18.37M | -90.00M | -41.54M | -51.15M | -219.62M | -112.10M | 265.50M | -131.45M | 66.47M | -271.96M |
| Net Income growth (YoY) | — | — | — | — | -115.65% | — | -430.42% | — | — | — | +1819.87% | — |
| Depreciation & Amortization | 89.23M | 86.02M | 87.70M | 93.99M | 91.20M | 95.22M | 84.16M | 75.93M | 74.41M | 71.38M | 72.66M | 74.40M |
| Stock-Based Compensation | 6.74M | 5.90M | 4.84M | 4.82M | 5.30M | 3.21M | 3.52M | 3.42M | 2.46M | 2.73M | 2.29M | 1.01M |
| Change in Working Capital | -8.74M | 39.53M | -36.25M | 7.78M | -5.48M | 37.96M | -54.04M | 19.38M | -9.16M | 31.07M | -38.12M | 20.80M |
| Operating Cash Flow | 66.87M | 77.38M | 50.20M | 112.39M | 70.52M | 88.49M | 54.87M | 100.05M | 67.43M | 61.09M | 49.38M | 107.40M |
| Capital Expenditures | -25.07M | -28.67M | -31.08M | -17.79M | -10.70M | -6.84M | -15.89M | -19.30M | -15.80M | -7.33M | -25.77M | -13.43M |
| Investing Cash Flow | -338.05M | -54.71M | -7.17M | -3.51M | -231.62M | -83.04M | 37.16M | 65.98M | -56.37M | -26.98M | 20.23M | -26.60M |
| Dividends Paid | -51.80M | -49.03M | -46.18M | -45.87M | -45.73M | -50.43M | -41.22M | -39.84M | -41.03M | -39.20M | -39.16M | -38.99M |
| Debt Issued | 150.00M | 100.00M | 0 | 159.10M | 100.00M | 340.00M | 825.00M | 110.00M | 20.00M | 270.00M | 35.00M | 184.00M |
| Debt Repaid | -258.57M | -221.38M | -10.30M | -112.36M | -12.66M | -122.01M | -1.44B | -330.71M | -32.68M | -225.24M | -78.19M | -188.98M |
| Financing Cash Flow | 311.36M | -124.86M | -50.67M | 46.25M | 42.07M | 161.58M | -144.53M | -117.70M | -54.48M | 667.00K | -87.45M | -57.47M |
| Net Change in Cash | 40.18M | -102.20M | -7.64M | 155.13M | -119.03M | 167.03M | -52.50M | 48.32M | -43.42M | 34.78M | -17.84M | 23.33M |
| Free Cash Flow | 41.80M | 48.71M | 19.13M | 94.60M | 59.81M | 81.65M | 38.98M | 80.74M | 51.63M | 53.77M | 23.61M | 93.97M |
This table shows 12 quarterly periods of Macerich's cash flow statement, from Q2 2026 back to Q3 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow MAC's reporting calendar. What is a cash flow statement?