diff --git a/umbraco/presentation/macro.cs b/umbraco/presentation/macro.cs
index 89db4fbf33..cf50b3ef3d 100644
--- a/umbraco/presentation/macro.cs
+++ b/umbraco/presentation/macro.cs
@@ -1236,7 +1236,7 @@ namespace umbraco
 
                     MacroPropertyModel propModel = model.Properties.Find(m => m.Key == propertyAlias.ToLower());
                     // zb-00037 #29875 : values have already been parsed + no need to parse ""
-                    object propValue = prop != null ? propModel.Value : "";
+                    object propValue = propModel != null && prop != null ? propModel.Value : null;
 
                     if (propValue == null)
                         continue;