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 Video: What is a Stock Split?
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| The Macerich Co. is a fully integrated, self-managed and self-administered real estate investment trust. Co. conducts its operations through The Macerich Partnership, L.P. (the Operating Partnership). Co. is focused on the acquisition, leasing, management, development and redevelopment of regional retail centers throughout the U.S.. Co., through its operating partnership, owns ownership interests in approximately 45 million square feet of gross leasable area (GLA) consisting primarily of interests in 42 regional retail centers, three community/power shopping centers and one redevelopment property. According to our MAC split history records, Macerich has had 4 splits. | |
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Macerich (MAC) has 4 splits in our MAC split history database. The first split for MAC took place on May 07, 2009. This was a 1027 for 1000 split, meaning for each 1000 shares of MAC owned pre-split, the shareholder now owned 1027 shares. For example, a 1000 share position pre-split, became a 1027 share position following the split. MAC's second split took place on August 10, 2009. This was a 10189 for 10000 split, meaning for each 10000 shares of MAC owned pre-split, the shareholder now owned 10189 shares. For example, a 1027 share position pre-split, became a 1046.4103 share position following the split. MAC's third split took place on November 09, 2009. This was a 10179 for 10000 split, meaning for each 10000 shares of MAC owned pre-split, the shareholder now owned 10179 shares. For example, a 1046.4103 share position pre-split, became a 1065.14104437 share position following the split. MAC's 4th split took place on February 11, 2010. This was a 1014 for 1000 split, meaning for each 1000 shares of MAC owned pre-split, the shareholder now owned 1014 shares. For example, a 1065.14104437 share position pre-split, became a 1080.05301899118 share position following the split.
When a company such as Macerich splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the MAC split history from start to finish, an original position size of 1000 shares would have turned into 1080.05301899118 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Macerich shares, starting with a $10,000 purchase of MAC, presented on a split-history-adjusted basis factoring in the complete MAC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$81.14 |
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| End price/share: |
$21.83 |
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| Starting shares: |
123.24 |
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| Ending shares: |
221.20 |
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| Dividends reinvested/share: |
$21.95 |
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| Total return: |
-51.71% |
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| Average Annual Total Return: |
-7.02% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$4,828.46 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$81.14 |
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| End price/share: |
$21.83 |
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| Dividends collected/share: |
$21.95 |
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| Total return: |
-46.04% |
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| Average Annual Total Return: |
-5.98% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$5,396.71 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 05/07/2009 | 1027 for 1000 | | 08/10/2009 | 10189 for 10000 | | 11/09/2009 | 10179 for 10000 | | 02/11/2010 | 1014 for 1000 |
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