MID-AMERICA APARTMENT COMM (MAA) Stock Fundamental Analysis
USA - NYSE:MAA - US59522J1034 - REIT
127.81 USD
-0.69 (-0.54%)
Overall MAA gets a fundamental rating of 5 out of 10. We evaluated MAA against 20 industry peers in the Residential REITs industry. While MAA belongs to the best of the industry regarding profitability, there are concerns on its financial health. MAA has a decent growth rate and is not valued too expensively.
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.
Each year in the past 5 years MAA has been profitable.
MAA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of MAA (4.63%) is better than 75.00% of its industry peers.
With a decent Return On Equity value of 9.46%, MAA is doing good in the industry, outperforming 75.00% 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 2.61%.
| Industry Rank | Sector 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%
1.3 Margins
MAA's Profit Margin of 25.06% is fine compared to the rest of the industry. MAA outperforms 80.00% of its industry peers.
MAA's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 28.33%, MAA belongs to the best of the industry, outperforming 85.00% of the companies in the same industry.
MAA's Operating Margin has improved in the last couple of years.
MAA has a Gross Margin (58.66%) which is comparable to the rest of the industry.
MAA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
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 has been reduced compared to 1 year ago.
MAA has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, MAA has a worse debt to assets ratio.
2.2 Solvency
MAA has an Altman-Z score of 1.54. 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 (1.54) is better 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.
With a decent Debt to FCF ratio value of 22.68, MAA is doing good in the industry, outperforming 70.00% of the companies in the same industry.
MAA has a Debt/Equity ratio of 0.89. This is a neutral value indicating MAA is somewhat dependend on debt financing.
The Debt to Equity ratio of MAA (0.89) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 22.68 | ||
| Altman-Z | 1.54 |
ROIC/WACC0.6
WACC7.3%
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: 80.00% of the companies in the same industry are doing better.
MAA has a Quick 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 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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.09 | ||
| Quick Ratio | 0.03 |
3. Growth
3.1 Past
MAA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.66%.
Measured over the past years, MAA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.27% on average per year.
MAA shows a small growth in Revenue. In the last year, the Revenue has grown by 0.91%.
Measured over the past years, MAA shows a small growth in Revenue. The Revenue has been growing by 5.95% on average per year.
EPS 1Y (TTM)4.66%
EPS 3Y9.96%
EPS 5Y8.27%
EPS Q2Q%-14.29%
Revenue 1Y (TTM)0.91%
Revenue growth 3Y7.21%
Revenue growth 5Y5.95%
Sales Q2Q%0.59%
3.2 Future
The Earnings Per Share is expected to grow by 24.45% on average over the next years. This is a very strong growth
MAA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.78% yearly.
EPS Next Y-4.47%
EPS Next 2Y-9.18%
EPS Next 3Y-1.98%
EPS Next 5Y24.45%
Revenue Next Year0.86%
Revenue Next 2Y1.86%
Revenue Next 3Y2.75%
Revenue Next 5Y4.78%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
MAA is valuated quite expensively with a Price/Earnings ratio of 27.08.
MAA's Price/Earnings ratio is a bit cheaper when compared to the industry. MAA is cheaper than 75.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of MAA to the average of the S&P500 Index (26.13), we can say MAA is valued inline with the index average.
MAA is valuated quite expensively with a Price/Forward Earnings ratio of 33.98.
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.
MAA's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.08 | ||
| Fwd PE | 33.98 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MAA is valued cheaper than 90.00% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MAA is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 65.3 | ||
| EV/EBITDA | 15.95 |
4.3 Compensation for Growth
The decent profitability rating of MAA may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)3.27
EPS Next 2Y-9.18%
EPS Next 3Y-1.98%
5. Dividend
5.1 Amount
MAA has a Yearly Dividend Yield of 4.69%, which is a nice return.
MAA's Dividend Yield is comparable with the industry average which is at 7.38.
Compared to an average S&P500 Dividend Yield of 2.39, MAA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.69% |
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
5.3 Sustainability
MAA pays out 128.07% of its income as dividend. This is not a sustainable payout ratio.
The dividend of MAA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP128.07%
EPS Next 2Y-9.18%
EPS Next 3Y-1.98%
NYSE:MAA (11/6/2025, 1:54:09 PM)
127.81
-0.69 (-0.54%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners98.01%
Inst Owner Change-0.37%
Ins Owners0.56%
Ins Owner Change0.23%
Market Cap14.96B
Revenue(TTM)2.20B
Net Income(TTM)552.18M
Analysts70.97
Price Target159.57 (24.85%)
Short Float %3.38%
Short Ratio5.02
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.69% |
Yearly Dividend5.89
Dividend Growth(5Y)8.76%
DP128.07%
Div Incr Years0
Div Non Decr Years0
Ex-Date
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)-1.69%
PT rev (3m)-6.58%
EPS NQ rev (1m)0.36%
EPS NQ rev (3m)1.21%
EPS NY rev (1m)0.3%
EPS NY rev (3m)1.6%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)-0.57%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.08 | ||
| Fwd PE | 33.98 | ||
| P/S | 6.79 | ||
| P/FCF | 65.3 | ||
| P/OCF | 14.17 | ||
| P/B | 2.56 | ||
| P/tB | 2.56 | ||
| EV/EBITDA | 15.95 |
EPS(TTM)4.72
EY3.69%
EPS(NY)3.76
Fwd EY2.94%
FCF(TTM)1.96
FCFY1.53%
OCF(TTM)9.02
OCFY7.06%
SpS18.82
BVpS49.87
TBVpS49.87
PEG (NY)N/A
PEG (5Y)3.27
Graham Number72.78
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 1.54 |
F-Score4
WACC7.3%
ROIC/WACC0.6
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)4.66%
EPS 3Y9.96%
EPS 5Y8.27%
EPS Q2Q%-14.29%
EPS Next Y-4.47%
EPS Next 2Y-9.18%
EPS Next 3Y-1.98%
EPS Next 5Y24.45%
Revenue 1Y (TTM)0.91%
Revenue growth 3Y7.21%
Revenue growth 5Y5.95%
Sales Q2Q%0.59%
Revenue Next Year0.86%
Revenue Next 2Y1.86%
Revenue Next 3Y2.75%
Revenue Next 5Y4.78%
EBIT growth 1Y-7.01%
EBIT growth 3Y12.21%
EBIT growth 5Y8.83%
EBIT Next Year87.13%
EBIT Next 3Y26.86%
EBIT Next 5Y21.48%
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.
Can you provide the valuation status for MID-AMERICA APARTMENT COMM?
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.
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 27.08 and the Price/Book (PB) ratio is 2.56.
What is the financial health of MID-AMERICA APARTMENT COMM (MAA) stock?
The financial health rating of MID-AMERICA APARTMENT COMM (MAA) is 2 / 10.