MID-AMERICA APARTMENT COMM (MAA) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:MAA • US59522J1034

133.58 USD
+1.45 (+1.1%)
At close: Feb 9, 2026
133.58 USD
0 (0%)
After Hours: 2/9/2026, 8:13:22 PM
Fundamental Rating

5

Overall MAA gets a fundamental rating of 5 out of 10. We evaluated MAA against 20 industry peers in the Residential REITs industry. MAA has an excellent profitability rating, but there are concerns on its financial health. MAA has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year MAA was profitable.
  • In the past year MAA had a positive cash flow from operations.
  • Of the past 5 years MAA 4 years were profitable.
  • Of the past 5 years MAA 4 years had a positive operating cash flow.
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 0 200M 400M 600M 800M 1B

1.2 Ratios

  • MAA has a Return On Assets of 4.63%. This is in the better half of the industry: MAA outperforms 70.00% of its industry peers.
  • With a decent Return On Equity value of 9.46%, MAA is doing good in the industry, outperforming 70.00% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 4.40%, MAA belongs to the top of the industry, outperforming 95.00% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for MAA is above the industry average of 2.59%.
Industry RankSector Rank
ROA 4.63%
ROE 9.46%
ROIC 4.4%
ROA(3y)4.95%
ROA(5y)4.36%
ROE(3y)9.42%
ROE(5y)8.27%
ROIC(3y)4.79%
ROIC(5y)4.19%
MAA Yearly ROA, ROE, ROICMAA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • MAA's Profit Margin of 25.06% is fine compared to the rest of the industry. MAA outperforms 70.00% of its industry peers.
  • MAA's Profit Margin has improved in the last couple of years.
  • MAA's Operating Margin of 28.33% is amongst the best of the industry. MAA outperforms 85.00% of its industry peers.
  • In the last couple of years the Operating Margin of MAA has grown nicely.
  • MAA has a Gross Margin (58.66%) which is in line with 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 28.33%
PM (TTM) 25.06%
GM 58.66%
OM growth 3Y4.67%
OM growth 5Y2.72%
PM growth 3Y-7.07%
PM growth 5Y2.33%
GM growth 3Y0.09%
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 20 40 60

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MAA is destroying value.
  • There is no outstanding debt for MAA. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
MAA Yearly Shares OutstandingMAA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2B 4B 6B 8B 10B

2.2 Solvency

  • Based on the Altman-Z score of 1.58, we must say that MAA is in the distress zone and has some risk of bankruptcy.
  • MAA has a better Altman-Z score (1.58) than 80.00% of its industry peers.
  • MAA has a debt to FCF ratio of 22.68. This is a negative value and a sign of low solvency as MAA would need 22.68 years to pay back of all of its debts.
  • MAA has a Debt to FCF ratio of 22.68. This is in the better half of the industry: MAA outperforms 70.00% of its industry peers.
  • A Debt/Equity ratio of 0.89 indicates that MAA is somewhat dependend on debt financing.
  • MAA has a Debt to Equity ratio of 0.89. This is comparable to the rest of the industry: MAA outperforms 55.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.89
Debt/FCF 22.68
Altman-Z 1.58
ROIC/WACC0.59
WACC7.43%
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 0 2B 4B 6B

2.3 Liquidity

  • MAA has a Current Ratio of 0.09. 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 Current ratio value of 0.09, MAA is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.03 indicates that MAA may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.03, MAA is not doing good in the industry: 90.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.09
Quick Ratio 0.03
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 200M 400M 600M 800M

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 21.27% over the past year.
  • The Earnings Per Share has been growing by 20.24% on average over the past years. This is a very strong growth
EPS 1Y (TTM)21.27%
EPS 3Y0.24%
EPS 5Y20.24%
EPS Q2Q%57.04%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%1.04%

3.2 Future

  • MAA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.53% yearly.
  • MAA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.33% yearly.
EPS Next Y-38.4%
EPS Next 2Y-18.04%
EPS Next 3Y25.53%
EPS Next 5YN/A
Revenue Next Year1.84%
Revenue Next 2Y2.72%
Revenue Next 3Y4.42%
Revenue Next 5Y4.33%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better 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 2 4 6 8 10

4

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 24.16, MAA is valued on the expensive side.
  • Based on the Price/Earnings ratio, MAA is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 28.06. MAA is around the same levels.
  • With a Price/Forward Earnings ratio of 39.21, MAA can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MAA indicates a rather cheap valuation: MAA is cheaper than 85.00% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.86. MAA is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 24.16
Fwd PE 39.21
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

  • Based on the Enterprise Value to EBITDA ratio, MAA is valued a bit cheaper than 80.00% of the companies in the same industry.
  • MAA's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 68.25
EV/EBITDA 16.29
MAA Per share dataMAA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • MAA has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as MAA's earnings are expected to grow with 25.53% in the coming years.
PEG (NY)N/A
PEG (5Y)1.19
EPS Next 2Y-18.04%
EPS Next 3Y25.53%

6

5. Dividend

5.1 Amount

  • MAA has a Yearly Dividend Yield of 4.63%, which is a nice return.
  • Compared to an average industry Dividend Yield of 40.66, MAA has a dividend in line with its industry peers.
  • MAA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 4.63%

5.2 History

  • On average, the dividend of MAA grows each year by 8.76%, which is quite nice.
  • MAA has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.76%
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 128.07% of its income as dividend. This is not a sustainable payout ratio.
  • MAA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP128.07%
EPS Next 2Y-18.04%
EPS Next 3Y25.53%
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 0 200M 400M 600M
MAA Dividend Payout.MAA Dividend Payout, showing the Payout Ratio.MAA Dividend Payout.PayoutRetained Earnings

MID-AMERICA APARTMENT COMM

NYSE:MAA (2/9/2026, 8:13:22 PM)

After market: 133.58 0 (0%)

133.58

+1.45 (+1.1%)

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 Owners98.67%
Inst Owner Change-5.15%
Ins Owners0.56%
Ins Owner Change0.93%
Market Cap15.64B
Revenue(TTM)N/A
Net Income(TTM)552.18M
Analysts70.97
Price Target150.32 (12.53%)
Short Float %2.72%
Short Ratio3.21
Dividend
Industry RankSector Rank
Dividend Yield 4.63%
Yearly Dividend5.89
Dividend Growth(5Y)8.76%
DP128.07%
Div Incr Years0
Div Non Decr Years0
Ex-Date01-15
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.86%
Min EPS beat(2)-7.02%
Max EPS beat(2)5.31%
EPS beat(4)3
Avg EPS beat(4)26.93%
Min EPS beat(4)-7.02%
Max EPS beat(4)70.8%
EPS beat(8)5
Avg EPS beat(8)17.49%
EPS beat(12)8
Avg EPS beat(12)15.03%
EPS beat(16)11
Avg EPS beat(16)24.55%
Revenue beat(2)0
Avg Revenue beat(2)-1.23%
Min Revenue beat(2)-1.32%
Max Revenue beat(2)-1.15%
Revenue beat(4)0
Avg Revenue beat(4)-1.27%
Min Revenue beat(4)-1.34%
Max Revenue beat(4)-1.15%
Revenue beat(8)0
Avg Revenue beat(8)-1%
Revenue beat(12)0
Avg Revenue beat(12)-0.97%
Revenue beat(16)2
Avg Revenue beat(16)-0.69%
PT rev (1m)-0.15%
PT rev (3m)-5.79%
EPS NQ rev (1m)-0.91%
EPS NQ rev (3m)-3.29%
EPS NY rev (1m)-0.3%
EPS NY rev (3m)-1.99%
Revenue NQ rev (1m)0.09%
Revenue NQ rev (3m)-0.11%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)-0.04%
Valuation
Industry RankSector Rank
PE 24.16
Fwd PE 39.21
P/S 7.1
P/FCF 68.25
P/OCF 14.82
P/B 2.68
P/tB 2.68
EV/EBITDA 16.29
EPS(TTM)5.53
EY4.14%
EPS(NY)3.41
Fwd EY2.55%
FCF(TTM)1.96
FCFY1.47%
OCF(TTM)9.02
OCFY6.75%
SpS18.82
BVpS49.87
TBVpS49.87
PEG (NY)N/A
PEG (5Y)1.19
Graham Number78.77
Profitability
Industry RankSector Rank
ROA 4.63%
ROE 9.46%
ROCE 5.81%
ROIC 4.4%
ROICexc 4.41%
ROICexgc 4.46%
OM 28.33%
PM (TTM) 25.06%
GM 58.66%
FCFM 10.4%
ROA(3y)4.95%
ROA(5y)4.36%
ROE(3y)9.42%
ROE(5y)8.27%
ROIC(3y)4.79%
ROIC(5y)4.19%
ROICexc(3y)4.8%
ROICexc(5y)4.21%
ROICexgc(3y)4.86%
ROICexgc(5y)4.26%
ROCE(3y)6.1%
ROCE(5y)5.33%
ROICexgc growth 3Y10.7%
ROICexgc growth 5Y8.18%
ROICexc growth 3Y10.71%
ROICexc growth 5Y8.14%
OM growth 3Y4.67%
OM growth 5Y2.72%
PM growth 3Y-7.07%
PM growth 5Y2.33%
GM growth 3Y0.09%
GM growth 5Y-0.01%
F-Score4
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 0.89
Debt/FCF 22.68
Debt/EBITDA 4.2
Cap/Depr 134.59%
Cap/Sales 37.51%
Interest Coverage 3.27
Cash Conversion 85.25%
Profit Quality 41.5%
Current Ratio 0.09
Quick Ratio 0.03
Altman-Z 1.58
F-Score4
WACC7.43%
ROIC/WACC0.59
Cap/Depr(3y)143.54%
Cap/Depr(5y)125.9%
Cap/Sales(3y)38.3%
Cap/Sales(5y)35.02%
Profit Quality(3y)49.76%
Profit Quality(5y)69.71%
High Growth Momentum
Growth
EPS 1Y (TTM)21.27%
EPS 3Y0.24%
EPS 5Y20.24%
EPS Q2Q%57.04%
EPS Next Y-38.4%
EPS Next 2Y-18.04%
EPS Next 3Y25.53%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%1.04%
Revenue Next Year1.84%
Revenue Next 2Y2.72%
Revenue Next 3Y4.42%
Revenue Next 5Y4.33%
EBIT growth 1Y-7.01%
EBIT growth 3Y12.21%
EBIT growth 5Y8.83%
EBIT Next Year87.28%
EBIT Next 3Y25.15%
EBIT Next 5Y20.98%
FCF growth 1Y-58.73%
FCF growth 3Y-21.89%
FCF growth 5Y-15.48%
OCF growth 1Y-6.04%
OCF growth 3Y7.06%
OCF growth 5Y7.05%

MID-AMERICA APARTMENT COMM / MAA FAQ

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

ChartMill assigns a fundamental rating of 5 / 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 7 / 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 -38.4% in the next year.