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

NYSE:MAA • US59522J1034

126.32 USD
-1.43 (-1.12%)
At close: Mar 13, 2026
126.32 USD
0 (0%)
After Hours: 3/13/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

4

MAA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 20 industry peers in the Residential REITs industry. While MAA is still in line with the averages on profitability rating, there are concerns on its financial health. MAA does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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.
  • 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.
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

  • Looking at the Return On Assets, with a value of 3.70%, MAA is in the better half of the industry, outperforming 65.00% of the companies in the same industry.
  • MAA has a Return On Equity of 7.79%. This is comparable to the rest of the industry: MAA outperforms 60.00% of its industry peers.
  • MAA has a better Return On Invested Capital (4.35%) than 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 2.74%.
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.
  • MAA has a Operating Margin of 28.04%. This is in the better half of the industry: MAA outperforms 80.00% of its industry peers.
  • In the last couple of years the Operating Margin of MAA has grown nicely.
  • MAA has a Gross Margin (58.69%) 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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ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • MAA has more shares outstanding than it did 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

  • Based on the Altman-Z score of 1.45, we must say that MAA is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of MAA (1.45) is better than 80.00% of its industry peers.
  • The Debt to FCF ratio of MAA is 17.30, which is on the high side as it means it would take MAA, 17.30 years of fcf income to pay off 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's Debt to Equity ratio of 0.95 is in line compared 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 1.45
ROIC/WACC0.59
WACC7.34%
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.
  • With a Current ratio value of 0.10, MAA is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.04 indicates that MAA may have some problems paying 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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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 -17.11% 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.
  • Looking at the last year, MAA shows a small growth in Revenue. The Revenue has grown by 0.83% in the last year.
  • The Revenue has been growing slightly by 5.65% on average over the past years.
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.
  • Based on estimates for the next years, MAA will show a small growth in Revenue. The Revenue will grow by 4.26% on average per year.
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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3

4. MAA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 33.42, which means the current valuation is very expensive for MAA.
  • The rest of the industry has a similar Price/Earnings ratio as MAA.
  • MAA's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 25.70.
  • The Price/Forward Earnings ratio is 38.03, 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.
  • The average S&P500 Price/Forward Earnings ratio is at 23.84. MAA is valued rather expensively when compared to this.
Industry RankSector Rank
PE 33.42
Fwd PE 38.03
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA 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/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 47.26
EV/EBITDA 15.78
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.
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

  • MAA has a Yearly Dividend Yield of 4.55%, which is a nice return.
  • MAA's Dividend Yield is comparable with the industry average which is at 44.43.
  • MAA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.55%

5.2 History

  • The dividend of MAA is nicely growing with an annual growth rate of 8.56%!
  • MAA has paid a dividend for at least 10 years, which is 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.
  • The dividend of MAA is growing, but the earnings are growing slower. 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 (3/13/2026, 8:04:00 PM)

After market: 126.32 0 (0%)

126.32

-1.43 (-1.12%)

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 (17.92%)
Short Float %2.66%
Short Ratio2.99
Dividend
Industry RankSector Rank
Dividend Yield 4.55%
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)-4.98%
EPS NQ rev (3m)-6.61%
EPS NY rev (1m)-2.5%
EPS NY rev (3m)-6.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.11%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-0.39%
Valuation
Industry RankSector Rank
PE 33.42
Fwd PE 38.03
P/S 6.68
P/FCF 47.26
P/OCF 13.7
P/B 2.6
P/tB 2.6
EV/EBITDA 15.78
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 1.45
F-Score5
WACC7.34%
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 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.


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.