• Macerich average net profit margin for 2023 was -32.11%, a 344.74% increase from 2022.
• Macerich average net profit margin for 2022 was -7.22%, a 52.31% increase from 2021.
• Macerich average net profit margin for 2021 was -15.14%, a 27.87% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.