MID-AMERICA APARTMENT COMM (MAA) Fundamental Analysis & Valuation

NYSE:MAA • US59522J1034

Current stock price

126.37 USD
+0.05 (+0.04%)
At close:
126.37 USD
0 (0%)
After Hours:

This MAA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. MAA Profitability Analysis

1.1 Basic Checks

  • MAA had positive earnings in the past year.
  • MAA had a positive operating cash flow in the past year.
  • Each year in the past 5 years MAA has been profitable.
  • In the past 5 years MAA always reported a positive cash flow from operatings.
MAA Yearly Net Income VS EBIT VS OCF VS FCFMAA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M 1B

1.2 Ratios

  • The Return On Assets of MAA (3.70%) is better than 65.00% of its industry peers.
  • Looking at the Return On Equity, with a value of 7.79%, MAA is in line with its industry, outperforming 60.00% of the companies in the same industry.
  • MAA has a Return On Invested Capital of 4.35%. This is amongst the best in the industry. MAA outperforms 95.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for MAA is in line with the industry average of 2.74%.
Industry RankSector Rank
ROA 3.7%
ROE 7.79%
ROIC 4.35%
ROA(3y)4.3%
ROA(5y)4.65%
ROE(3y)8.52%
ROE(5y)8.98%
ROIC(3y)4.68%
ROIC(5y)4.43%
MAA Yearly ROA, ROE, ROICMAA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • MAA has a Profit Margin (20.05%) which is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of MAA has grown nicely.
  • Looking at the Operating Margin, with a value of 28.04%, MAA is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
  • MAA's Operating Margin has improved in the last couple of years.
  • MAA has a Gross Margin (58.69%) which is comparable to the rest of the industry.
  • MAA's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 28.04%
PM (TTM) 20.05%
GM 58.69%
OM growth 3Y-3.43%
OM growth 5Y1.94%
PM growth 3Y-13.84%
PM growth 5Y6.05%
GM growth 3Y-1.24%
GM growth 5Y-0.01%
MAA Yearly Profit, Operating, Gross MarginsMAA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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2

2. MAA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MAA is destroying value.
  • The number of shares outstanding for MAA remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for MAA has been increased compared to 5 years ago.
  • Compared to 1 year ago, MAA has a worse debt to assets ratio.
MAA Yearly Shares OutstandingMAA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
MAA Yearly Total Debt VS Total AssetsMAA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • MAA has an Altman-Z score of 1.43. This is a bad value and indicates that MAA is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of MAA (1.43) is better than 80.00% of its industry peers.
  • MAA has a debt to FCF ratio of 17.30. This is a negative value and a sign of low solvency as MAA would need 17.30 years to pay back of all of its debts.
  • MAA's Debt to FCF ratio of 17.30 is fine compared to the rest of the industry. MAA outperforms 70.00% of its industry peers.
  • MAA has a Debt/Equity ratio of 0.95. This is a neutral value indicating MAA is somewhat dependend on debt financing.
  • MAA has a Debt to Equity ratio of 0.95. This is comparable to the rest of the industry: MAA outperforms 55.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.95
Debt/FCF 17.3
Altman-Z 1.43
ROIC/WACC0.59
WACC7.35%
MAA Yearly LT Debt VS Equity VS FCFMAA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • MAA has a Current Ratio of 0.10. This is a bad value and indicates that MAA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • MAA has a Current ratio of 0.10. This is in the lower half of the industry: MAA underperforms 75.00% of its industry peers.
  • MAA has a Quick Ratio of 0.10. This is a bad value and indicates that MAA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of MAA (0.04) is worse than 85.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.1
Quick Ratio 0.04
MAA Yearly Current Assets VS Current LiabilitesMAA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B

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3

3. MAA Growth Analysis

3.1 Past

  • MAA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -17.11%.
  • MAA shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.43% yearly.
  • MAA shows a small growth in Revenue. In the last year, the Revenue has grown by 0.83%.
  • Measured over the past years, MAA shows a small growth in Revenue. The Revenue has been growing by 5.65% on average per year.
EPS 1Y (TTM)-17.11%
EPS 3Y-11.7%
EPS 5Y11.43%
EPS Q2Q%-66.2%
Revenue 1Y (TTM)0.83%
Revenue growth 3Y3.03%
Revenue growth 5Y5.65%
Sales Q2Q%1.04%

3.2 Future

  • Based on estimates for the next years, MAA will show a small growth in Earnings Per Share. The EPS will grow by 2.62% on average per year.
  • MAA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.26% yearly.
EPS Next Y-12.13%
EPS Next 2Y-4.71%
EPS Next 3Y2.62%
EPS Next 5YN/A
Revenue Next Year1.79%
Revenue Next 2Y2.46%
Revenue Next 3Y-3.87%
Revenue Next 5Y4.26%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MAA Yearly Revenue VS EstimatesMAA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B 2B 2.5B
MAA Yearly EPS VS EstimatesMAA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4 5

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4

4. MAA Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 33.43, MAA can be considered very expensive at the moment.
  • MAA's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 25.96, MAA is valued a bit more expensive.
  • The Price/Forward Earnings ratio is 38.05, which means the current valuation is very expensive for MAA.
  • Based on the Price/Forward Earnings ratio, MAA is valued cheaper than 85.00% of the companies in the same industry.
  • MAA is valuated expensively when we compare the Price/Forward Earnings ratio to 24.04, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 33.43
Fwd PE 38.05
MAA Price Earnings VS Forward Price EarningsMAA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • MAA's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MAA is cheaper than 90.00% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, MAA is valued a bit cheaper than 65.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 47.28
EV/EBITDA 15.64
MAA Per share dataMAA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The decent profitability rating of MAA may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.92
EPS Next 2Y-4.71%
EPS Next 3Y2.62%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. MAA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.79%, MAA is a good candidate for dividend investing.
  • MAA's Dividend Yield is comparable with the industry average which is at 46.06.
  • MAA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 4.79%

5.2 History

  • On average, the dividend of MAA grows each year by 8.56%, which is quite nice.
  • MAA has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)8.56%
Div Incr Years0
Div Non Decr Years0
MAA Yearly Dividends per shareMAA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

5.3 Sustainability

  • MAA pays out 160.89% of its income as dividend. This is not a sustainable payout ratio.
  • MAA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP160.89%
EPS Next 2Y-4.71%
EPS Next 3Y2.62%
MAA Yearly Income VS Free CF VS DividendMAA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M
MAA Dividend Payout.MAA Dividend Payout, showing the Payout Ratio.MAA Dividend Payout.PayoutRetained Earnings

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MAA Fundamentals: All Metrics, Ratios and Statistics

MID-AMERICA APARTMENT COMM

NYSE:MAA (3/16/2026, 8:04:00 PM)

After market: 126.37 0 (0%)

126.37

+0.05 (+0.04%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)02-04
Earnings (Next)04-28
Inst Owners97.82%
Inst Owner Change-2.03%
Ins Owners0.57%
Ins Owner Change0.93%
Market Cap14.77B
Revenue(TTM)2.21B
Net Income(TTM)442.99M
Analysts68.67
Price Target148.96 (17.88%)
Short Float %3%
Short Ratio3.53
Dividend
Industry RankSector Rank
Dividend Yield 4.79%
Yearly Dividend6.1
Dividend Growth(5Y)8.56%
DP160.89%
Div Incr Years0
Div Non Decr Years0
Ex-Date01-15
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-27.62%
Min EPS beat(2)-48.22%
Max EPS beat(2)-7.02%
EPS beat(4)2
Avg EPS beat(4)5.22%
Min EPS beat(4)-48.22%
Max EPS beat(4)70.8%
EPS beat(8)4
Avg EPS beat(8)8.19%
EPS beat(12)7
Avg EPS beat(12)7.55%
EPS beat(16)10
Avg EPS beat(16)14.62%
Revenue beat(2)0
Avg Revenue beat(2)-1.15%
Min Revenue beat(2)-1.16%
Max Revenue beat(2)-1.15%
Revenue beat(4)0
Avg Revenue beat(4)-1.22%
Min Revenue beat(4)-1.32%
Max Revenue beat(4)-1.15%
Revenue beat(8)0
Avg Revenue beat(8)-1.01%
Revenue beat(12)0
Avg Revenue beat(12)-0.95%
Revenue beat(16)2
Avg Revenue beat(16)-0.73%
PT rev (1m)-0.9%
PT rev (3m)-1.54%
EPS NQ rev (1m)-4.37%
EPS NQ rev (3m)-6.61%
EPS NY rev (1m)-2.5%
EPS NY rev (3m)-6.87%
Revenue NQ rev (1m)-0.27%
Revenue NQ rev (3m)-0.25%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-0.39%
Valuation
Industry RankSector Rank
PE 33.43
Fwd PE 38.05
P/S 6.69
P/FCF 47.28
P/OCF 13.7
P/B 2.6
P/tB 2.6
EV/EBITDA 15.64
EPS(TTM)3.78
EY2.99%
EPS(NY)3.32
Fwd EY2.63%
FCF(TTM)2.67
FCFY2.12%
OCF(TTM)9.22
OCFY7.3%
SpS18.9
BVpS48.62
TBVpS48.62
PEG (NY)N/A
PEG (5Y)2.92
Graham Number64.3
Profitability
Industry RankSector Rank
ROA 3.7%
ROE 7.79%
ROCE 5.86%
ROIC 4.35%
ROICexc 4.38%
ROICexgc 4.43%
OM 28.04%
PM (TTM) 20.05%
GM 58.69%
FCFM 14.14%
ROA(3y)4.3%
ROA(5y)4.65%
ROE(3y)8.52%
ROE(5y)8.98%
ROIC(3y)4.68%
ROIC(5y)4.43%
ROICexc(3y)4.7%
ROICexc(5y)4.45%
ROICexgc(3y)4.76%
ROICexgc(5y)4.5%
ROCE(3y)6.08%
ROCE(5y)5.7%
ROICexgc growth 3Y-2.28%
ROICexgc growth 5Y6.64%
ROICexc growth 3Y-2.31%
ROICexc growth 5Y6.63%
OM growth 3Y-3.43%
OM growth 5Y1.94%
PM growth 3Y-13.84%
PM growth 5Y6.05%
GM growth 3Y-1.24%
GM growth 5Y-0.01%
F-Score5
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 0.95
Debt/FCF 17.3
Debt/EBITDA 4.35
Cap/Depr 122.91%
Cap/Sales 34.66%
Interest Coverage 3.26
Cash Conversion 86.78%
Profit Quality 70.54%
Current Ratio 0.1
Quick Ratio 0.04
Altman-Z 1.43
F-Score5
WACC7.35%
ROIC/WACC0.59
Cap/Depr(3y)139.19%
Cap/Depr(5y)131.57%
Cap/Sales(3y)37.65%
Cap/Sales(5y)36.18%
Profit Quality(3y)56.49%
Profit Quality(5y)56.71%
High Growth Momentum
Growth
EPS 1Y (TTM)-17.11%
EPS 3Y-11.7%
EPS 5Y11.43%
EPS Q2Q%-66.2%
EPS Next Y-12.13%
EPS Next 2Y-4.71%
EPS Next 3Y2.62%
EPS Next 5YN/A
Revenue 1Y (TTM)0.83%
Revenue growth 3Y3.03%
Revenue growth 5Y5.65%
Sales Q2Q%1.04%
Revenue Next Year1.79%
Revenue Next 2Y2.46%
Revenue Next 3Y-3.87%
Revenue Next 5Y4.26%
EBIT growth 1Y-5.68%
EBIT growth 3Y-0.5%
EBIT growth 5Y7.7%
EBIT Next Year94.76%
EBIT Next 3Y28.87%
EBIT Next 5Y21.96%
FCF growth 1Y94.12%
FCF growth 3Y-0.67%
FCF growth 5Y-1.68%
OCF growth 1Y-1.83%
OCF growth 3Y0.62%
OCF growth 5Y5.53%

MID-AMERICA APARTMENT COMM / MAA Fundamental Analysis FAQ

What is the ChartMill fundamental rating of MID-AMERICA APARTMENT COMM (MAA) stock?

ChartMill assigns a fundamental rating of 4 / 10 to MAA.


What is the valuation status of MID-AMERICA APARTMENT COMM (MAA) stock?

ChartMill assigns a valuation rating of 4 / 10 to MID-AMERICA APARTMENT COMM (MAA). This can be considered as Fairly Valued.


Can you provide the profitability details for MID-AMERICA APARTMENT COMM?

MID-AMERICA APARTMENT COMM (MAA) has a profitability rating of 6 / 10.


Can you provide the financial health for MAA stock?

The financial health rating of MID-AMERICA APARTMENT COMM (MAA) is 2 / 10.


What is the earnings growth outlook for MID-AMERICA APARTMENT COMM?

The Earnings per Share (EPS) of MID-AMERICA APARTMENT COMM (MAA) is expected to decline by -12.13% in the next year.