Macerich vs NNN Reit
Macerich reported revenue of $1.0 billion in fiscal 2025, about the same as NNN Reit's $926 million in fiscal 2025. Macerich's revenue grew 10.4% in its latest year, and NNN Reit's grew 6.5%.
Side by side
| Macerich | NNN Reit | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.0B | $926M |
| Revenue growth | 10.4% | 6.5% |
| Revenue growth a year, last 5 years | 5.2% | 7.0% |
| Gross margin | — | — |
| Operating margin | — | 63.6% |
| Net margin | −19.4% | 42.1% |
| Free cash flow | — | — |
| Free cash flow margin | — | — |
| Return on capital | 0.1% | — |
| Net debt to EBITDA | 12.7x | — |
| Dividends and buybacks | $188M | $443M |
| Change in diluted share count | 14.6% | 2.1% |
| Last close | $24.84 | $41.12 |
| P/E at the last close | — | 19.9× |
| Insider trades, last 12 months | sold $63,787 | sold $1.9 million |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
MacerichNNN Reit
Operating margin
Percent of revenue
MacerichNNN Reit
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
MacerichNNN Reit
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Macerich and NNN Reit pages.