Macerich Approaches Key Dividend Payout Date

Income-focused investors are setting their sights on an upcoming milestone for Macerich. The retail-focused real estate investment trust is nearing its dividend ex-date. Market observers are weighing the stock's prospects against the persistent headwinds facing the retail property sector.

From a technical perspective, the equity is demonstrating strength. Trading at approximately €15.91, the share price is hovering near its 52-week high, a level it touched just last Friday. This represents a substantial buffer of over 13% above its annual low of €14.06. Market attention is now turning to the typical price adjustment expected on the ex-dividend date, where the stock price is usually reduced by the dividend amount.

The future trajectory will largely depend on the company's capacity to stabilize its rental income and optimize its financial structure. Upcoming quarterly results will be crucial in assessing whether the current valuation is justified.

Should investors sell immediately? Or is it worth buying Macerich?

Analyst Sentiment Remains Cautious

The assessment from financial experts is mixed. The current consensus rating among the 13 banks covering the stock is "Hold." Opinions are divided: five analysts recommend buying, five maintain a neutral stance, and three advise selling. This distribution mirrors the ongoing uncertainty that continues to surround the retail REIT sector.

The most recent quarterly figures, released in November 2025, failed to provide a positive catalyst. Although the adjusted funds from operations (FFO) of $0.35 per share were broadly in line with expectations, the company continues to grapple with significant vacancy rates and must manage its considerable debt load.

Dividend Schedule and Yield

The specific timeline is confirmed. The cutoff date, or ex-dividend date, for the next distribution is Monday, December 15, 2025. Shareholders who purchase the stock on or after this date will not be eligible for the quarterly dividend of $0.17 per share. The payment will be made to eligible investors on December 29. Based on the current share price of around €15.91, this dividend translates to an annualized yield of approximately 3.6%.