Real Estate - Services
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BPYPO vs MAC
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Retail
BPYPO vs MAC — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Real Estate - Services | REIT - Retail |
| Market Cap | $5.38B | $5.78B |
| Revenue (TTM) | $7.20B | $1.02B |
| Net Income (TTM) | $-350M | $-197M |
| Gross Margin | 54.3% | 38.2% |
| Operating Margin | 37.2% | 16.5% |
| Forward P/E | 6.6x | — |
| Total Debt | $54.28B | $5.20B |
| Cash & Equiv. | $2.21B | $43M |
BPYPO vs MAC — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Brookfield Property… (BPYPO) | 100 | 76.6 | -23.4% |
| The Macerich Company (MAC) | 100 | 326.4 | +226.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BPYPO vs MAC
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BPYPO carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 0 yrs, beta 0.20, yield 9.2%
- 3.4% 10Y total return vs MAC's -53.8%
- Lower volatility, beta 0.20, current ratio 0.37x
MAC is the clearest fit if your priority is growth exposure.
- Rev growth 10.6%, EPS growth 1.3%, 3Y rev CAGR 5.7%
- 10.6% FFO/revenue growth vs BPYPO's -3.9%
- +54.5% vs BPYPO's +15.4%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 10.6% FFO/revenue growth vs BPYPO's -3.9% | |
| Value | Better valuation composite | |
| Quality / Margins | -4.9% margin vs MAC's -19.4% | |
| Stability / Safety | Beta 0.20 vs MAC's 1.29, lower leverage | |
| Dividends | 9.2% yield, vs MAC's 3.0% | |
| Momentum (1Y) | +54.5% vs BPYPO's +15.4% | |
| Efficiency (ROA) | -0.4% ROA vs MAC's -2.3%, ROIC 2.5% vs 1.6% |
BPYPO vs MAC — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
BPYPO vs MAC — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — BPYPO and MAC each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BPYPO is the larger business by revenue, generating $7.2B annually — 7.1x MAC's $1.0B. BPYPO is the more profitable business, keeping -4.9% of every revenue dollar as net income compared to MAC's -19.4%. On growth, MAC holds the edge at -3.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $7.2B | $1.0B |
| EBITDAEarnings before interest/tax | $2.9B | $533M |
| Net IncomeAfter-tax profit | -$350M | -$197M |
| Free Cash FlowCash after capex | -$359M | $348M |
| Gross MarginGross profit ÷ Revenue | +54.3% | +38.2% |
| Operating MarginEBIT ÷ Revenue | +37.2% | +16.5% |
| Net MarginNet income ÷ Revenue | -4.9% | -19.4% |
| FCF MarginFCF ÷ Revenue | -5.0% | +34.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | -29.0% | -3.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +36.4% | +92.1% |
Valuation Metrics
BPYPO leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, BPYPO's 14.7x EV/EBITDA is more attractive than MAC's 20.5x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $5.4B | $5.8B |
| Enterprise ValueMkt cap + debt − cash | $57.5B | $10.9B |
| Trailing P/EPrice ÷ TTM EPS | -9.69x | -28.87x |
| Forward P/EPrice ÷ next-FY EPS est. | 6.60x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 14.72x | 20.52x |
| Price / SalesMarket cap ÷ Revenue | 0.59x | 5.70x |
| Price / BookPrice ÷ Book value/share | 0.14x | 2.26x |
| Price / FCFMarket cap ÷ FCF | 8.74x | 17.98x |
Profitability & Efficiency
BPYPO leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
BPYPO delivers a -0.8% return on equity — every $100 of shareholder capital generates $-1 in annual profit, vs $-7 for MAC. BPYPO carries lower financial leverage with a 1.42x debt-to-equity ratio, signaling a more conservative balance sheet compared to MAC's 2.06x. On the Piotroski fundamental quality scale (0–9), BPYPO scores 6/9 vs MAC's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -0.8% | -7.5% |
| ROA (TTM)Return on assets | -0.4% | -2.3% |
| ROICReturn on invested capital | +2.5% | +1.6% |
| ROCEReturn on capital employed | +3.9% | +2.2% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 4 |
| Debt / EquityFinancial leverage | 1.42x | 2.06x |
| Net DebtTotal debt minus cash | $52.1B | $5.2B |
| Cash & Equiv.Liquid assets | $2.2B | $43M |
| Total DebtShort + long-term debt | $54.3B | $5.2B |
| Interest CoverageEBIT ÷ Interest expense | 0.73x | 0.18x |
Total Returns (Dividends Reinvested)
MAC leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MAC five years ago would be worth $18,938 today (with dividends reinvested), compared to $9,061 for BPYPO. Over the past 12 months, MAC leads with a +54.5% total return vs BPYPO's +15.4%. The 3-year compound annual growth rate (CAGR) favors MAC at 35.0% vs BPYPO's 17.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +6.5% | +21.0% |
| 1-Year ReturnPast 12 months | +15.4% | +54.5% |
| 3-Year ReturnCumulative with dividends | +60.0% | +145.9% |
| 5-Year ReturnCumulative with dividends | -9.4% | +89.4% |
| 10-Year ReturnCumulative with dividends | +3.4% | -53.8% |
| CAGR (3Y)Annualised 3-year return | +17.0% | +35.0% |
Risk & Volatility
Evenly matched — BPYPO and MAC each lead in 1 of 2 comparable metrics.
Risk & Volatility
BPYPO is the less volatile stock with a 0.20 beta — it tends to amplify market swings less than MAC's 1.29 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MAC currently trades 98.6% from its 52-week high vs BPYPO's 94.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.20x | 1.29x |
| 52-Week HighHighest price in past year | $16.26 | $22.55 |
| 52-Week LowLowest price in past year | $13.87 | $14.62 |
| % of 52W HighCurrent price vs 52-week peak | +94.2% | +98.6% |
| RSI (14)Momentum oscillator 0–100 | 56.4 | 58.0 |
| Avg Volume (50D)Average daily shares traded | 31K | 2.0M |
Analyst Outlook
Evenly matched — BPYPO and MAC each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates BPYPO as "Buy" and MAC as "Hold". For income investors, BPYPO offers the higher dividend yield at 9.22% vs MAC's 3.05%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | — | $21.40 |
| # AnalystsCovering analysts | 4 | 34 |
| Dividend YieldAnnual dividend ÷ price | +9.2% | +3.0% |
| Dividend StreakConsecutive years of raises | 0 | 1 |
| Dividend / ShareAnnual DPS | $1.41 | $0.68 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | 0.0% |
BPYPO leads in 2 of 6 categories (Valuation Metrics, Profitability & Efficiency). MAC leads in 1 (Total Returns). 3 tied.
BPYPO vs MAC: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is BPYPO or MAC a better buy right now?
For growth investors, The Macerich Company (MAC) is the stronger pick with 10.
6% revenue growth year-over-year, versus -3. 9% for Brookfield Property Partners L. P. (BPYPO). Analysts rate Brookfield Property Partners L. P. (BPYPO) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — BPYPO or MAC?
Over the past 5 years, The Macerich Company (MAC) delivered a total return of +89.
4%, compared to -9. 4% for Brookfield Property Partners L. P. (BPYPO). Over 10 years, the gap is even starker: BPYPO returned +3. 4% versus MAC's -53. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — BPYPO or MAC?
By beta (market sensitivity over 5 years), Brookfield Property Partners L.
P. (BPYPO) is the lower-risk stock at 0. 20β versus The Macerich Company's 1. 29β — meaning MAC is approximately 548% more volatile than BPYPO relative to the S&P 500. On balance sheet safety, Brookfield Property Partners L. P. (BPYPO) carries a lower debt/equity ratio of 142% versus 2% for The Macerich Company — giving it more financial flexibility in a downturn.
04Which is growing faster — BPYPO or MAC?
By revenue growth (latest reported year), The Macerich Company (MAC) is pulling ahead at 10.
6% versus -3. 9% for Brookfield Property Partners L. P. (BPYPO). On earnings-per-share growth, the picture is similar: The Macerich Company grew EPS 1. 3% year-over-year, compared to -4. 6% for Brookfield Property Partners L. P.. Over a 3-year CAGR, BPYPO leads at 8. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — BPYPO or MAC?
Brookfield Property Partners L.
P. (BPYPO) is the more profitable company, earning -5. 6% net margin versus -19. 4% for The Macerich Company — meaning it keeps -5. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BPYPO leads at 38. 3% versus 16. 5% for MAC. At the gross margin level — before operating expenses — BPYPO leads at 52. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — BPYPO or MAC?
All stocks in this comparison pay dividends.
Brookfield Property Partners L. P. (BPYPO) offers the highest yield at 9. 2%, versus 3. 0% for The Macerich Company (MAC).
07Is BPYPO or MAC better for a retirement portfolio?
For long-horizon retirement investors, Brookfield Property Partners L.
P. (BPYPO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 20), 9. 2% yield). Both have compounded well over 10 years (BPYPO: +3. 4%, MAC: -53. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between BPYPO and MAC?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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