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

NYSE:MAA • US59522J1034

Current stock price

128.56 USD
-0.62 (-0.48%)
At close:
128.56 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.
  • In the past year MAA had a positive cash flow from operations.
  • In the past 5 years MAA has always 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

  • MAA has a better Return On Assets (3.70%) than 65.00% of its industry peers.
  • MAA has a Return On Equity (7.79%) which is comparable to the rest of the industry.
  • MAA's Return On Invested Capital of 4.35% is amongst the best of the industry. MAA outperforms 95.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for MAA is in line with the industry average of 2.73%.
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.
  • MAA's Operating Margin of 28.04% is fine compared to the rest of the industry. MAA outperforms 80.00% of its industry peers.
  • MAA's Operating Margin has improved in the last couple of years.
  • MAA's Gross Margin of 58.69% is in line compared to the rest of the industry. MAA outperforms 50.00% of its industry peers.
  • In the last couple of years the Gross Margin of MAA has remained more or less at the same level.
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.
  • Compared to 1 year ago, MAA has about the same amount of shares outstanding.
  • Compared to 5 years ago, MAA has more shares outstanding
  • MAA has a worse debt/assets ratio than last year.
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

  • Based on the Altman-Z score of 1.46, we must say that MAA is in the distress zone and has some risk of bankruptcy.
  • MAA's Altman-Z score of 1.46 is fine compared to the rest of the industry. MAA outperforms 70.00% 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.
  • With a decent Debt to FCF ratio value of 17.30, MAA is doing good in the industry, outperforming 70.00% of the companies in the same industry.
  • MAA has a Debt/Equity ratio of 0.95. This is a neutral value indicating MAA is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.95, MAA perfoms like the industry average, outperforming 55.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.95
Debt/FCF 17.3
Altman-Z 1.46
ROIC/WACC0.58
WACC7.45%
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

  • A Current Ratio of 0.10 indicates that MAA may have some problems paying 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.
  • With a Quick ratio value of 0.04, MAA is not doing good in the industry: 85.00% of the companies in the same industry are doing better.
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. MAA Growth Analysis

3.1 Past

  • The earnings per share for MAA have decreased strongly by -10.45% in the last year.
  • Measured over the past years, MAA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.43% on average per year.
  • 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)-10.45%
EPS 3Y-11.7%
EPS 5Y11.43%
EPS Q2Q%38.31%
Revenue 1Y (TTM)0.83%
Revenue growth 3Y3.03%
Revenue growth 5Y5.65%
Sales Q2Q%0.81%

3.2 Future

  • The Earnings Per Share is expected to grow by 2.75% on average over the next years.
  • MAA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.80% yearly.
EPS Next Y-12.86%
EPS Next 2Y-4.67%
EPS Next 3Y2.75%
EPS Next 5YN/A
Revenue Next Year1.61%
Revenue Next 2Y2.26%
Revenue Next 3Y3.11%
Revenue Next 5Y3.8%

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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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 2031 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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3

4. MAA Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 29.42, MAA can be considered very expensive at the moment.
  • MAA's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.64, MAA is valued at the same level.
  • Based on the Price/Forward Earnings ratio of 37.42, the valuation of MAA can be described as expensive.
  • 85.00% of the companies in the same industry are more expensive than MAA, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 21.36. MAA is valued rather expensively when compared to this.
Industry RankSector Rank
PE 29.42
Fwd PE 37.42
MAA Price Earnings VS Forward Price EarningsMAA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • 90.00% of the companies in the same industry are more expensive than MAA, based on the Enterprise Value to EBITDA ratio.
  • MAA's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 47.87
EV/EBITDA 15.86
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)2.57
EPS Next 2Y-4.67%
EPS Next 3Y2.75%

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

5

5. MAA Dividend Analysis

5.1 Amount

  • MAA has a Yearly Dividend Yield of 4.74%, which is a nice return.
  • MAA's Dividend Yield is comparable with the industry average which is at 8.94.
  • Compared to an average S&P500 Dividend Yield of 1.80, MAA pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.74%

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.
  • The dividend of MAA decreased recently.
Dividend Growth(5Y)8.56%
Div Incr Years1
Div Non Decr Years1
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-4.67%
EPS Next 3Y2.75%
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 (5/1/2026, 8:04:00 PM)

After market: 128.56 0 (0%)

128.56

-0.62 (-0.48%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Industry Strength25.47
Industry Growth35.4
Earnings (Last)04-29
Earnings (Next)07-28
Inst Owners97.76%
Inst Owner Change0.43%
Ins Owners0.53%
Ins Owner Change3.56%
Market Cap14.96B
Revenue(TTM)2.21B
Net Income(TTM)442.99M
Analysts68.67
Price Target145.12 (12.88%)
Short Float %2.94%
Short Ratio3.7
Dividend
Industry RankSector Rank
Dividend Yield 4.74%
Yearly Dividend6.1
Dividend Growth(5Y)8.56%
DP160.89%
Div Incr Years1
Div Non Decr Years1
Ex-Date04-15
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)-1.81%
PT rev (3m)-3.27%
EPS NQ rev (1m)-0.33%
EPS NQ rev (3m)-6.85%
EPS NY rev (1m)-0.83%
EPS NY rev (3m)-3.91%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)-0.13%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-0.26%
Valuation
Industry RankSector Rank
PE 29.42
Fwd PE 37.42
P/S 6.77
P/FCF 47.87
P/OCF 13.87
P/B 2.63
P/tB 2.63
EV/EBITDA 15.86
EPS(TTM)4.37
EY3.4%
EPS(NY)3.44
Fwd EY2.67%
FCF(TTM)2.69
FCFY2.09%
OCF(TTM)9.27
OCFY7.21%
SpS18.99
BVpS48.85
TBVpS48.85
PEG (NY)N/A
PEG (5Y)2.57
Graham Number69.3022 (-46.09%)
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 1.46
F-Score5
WACC7.45%
ROIC/WACC0.58
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)-10.45%
EPS 3Y-11.7%
EPS 5Y11.43%
EPS Q2Q%38.31%
EPS Next Y-12.86%
EPS Next 2Y-4.67%
EPS Next 3Y2.75%
EPS Next 5YN/A
Revenue 1Y (TTM)0.83%
Revenue growth 3Y3.03%
Revenue growth 5Y5.65%
Sales Q2Q%0.81%
Revenue Next Year1.61%
Revenue Next 2Y2.26%
Revenue Next 3Y3.11%
Revenue Next 5Y3.8%
EBIT growth 1Y-5.68%
EBIT growth 3Y-0.5%
EBIT growth 5Y7.7%
EBIT Next Year94.29%
EBIT Next 3Y28.53%
EBIT Next 5Y22.9%
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 3 / 10 to MID-AMERICA APARTMENT COMM (MAA). This can be considered as Overvalued.


What is the profitability of MAA stock?

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


What are the PE and PB ratios of MID-AMERICA APARTMENT COMM (MAA) stock?

The Price/Earnings (PE) ratio for MID-AMERICA APARTMENT COMM (MAA) is 29.42 and the Price/Book (PB) ratio is 2.63.


Can you provide the expected EPS growth for MAA stock?

The Earnings per Share (EPS) of MID-AMERICA APARTMENT COMM (MAA) is expected to decline by -12.86% in the next year.