COMP <GO>
MAC vs ARE // EV/EBITDA & P/E VALUATION
Macerich Company (NYSE) VS. Alexandria Real Estate Equities Inc. (NYSE) • 15-METRIC TALLY: MAC 8
— ARE 3
■ METRIC PARITY
LAST: $24.81 (+1.93%) • MKT CAP: $7.04B
valuation
—
LAST: $42.57 (+5.90%) • MKT CAP: $7.41B
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (MAC VS. ARE)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | MAC | ARE | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -4.10% | -6.50% | +2.40 | MAC | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 4.00% | 18.74% | -14.74 | ARE | /fcf-yield <GO> |
| Operating Margin | -23.70% | -60.00% | +36.30 | MAC | /operating-margins <GO> |
| Net Profit Margin | -19.40% | -60.00% | +40.60 | MAC | /net-margins <GO> |
| Revenue Growth (YoY) | 10.40% | 3.30% | +7.10 | MAC | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 2.73% | 11.50% | -8.77 | ARE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 6/9 | +1.00 | MAC | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 67.8 | 46.7 | +21.10 | MAC | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.05 | 0.96 | +0.09 | MAC | /macro-sensitivity <GO> |
| Forward P/E Multiple | 26.0x | 27.0x | -1.00 | MAC | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $7.04B | $7.41B | -$378.9M | ARE | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | MAC REV | ARE REV | MAC GROSS % | ARE GROSS % | MAC FCF | ARE FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.01B | $4.72B | — | — | $276.0M | $1.41B |
| FY 2024 | $918.2M | $1.07B | — | — | $242.1M | $1.50B |
| FY 2023 | $884.1M | $342.4M | — | — | $255.7M | $1.63B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
MAC // BETA 1.05
ARE // BETA 0.96