MID-AMERICA APARTMENT COMM (MAA) Stock Fundamental Analysis

NYSE:MAA • US59522J1034

133.86 USD
-2.01 (-1.48%)
At close: Feb 27, 2026
134.01 USD
+0.15 (+0.11%)
After Hours: 2/27/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall MAA gets a fundamental rating of 4 out of 10. We evaluated MAA against 20 industry peers in the Residential REITs industry. MAA scores excellent on profitability, but there are concerns on its financial health. MAA is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • MAA had positive earnings in the past year.
  • MAA had a positive operating cash flow in the past year.
  • In the past 5 years MAA has always 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

  • MAA has a Return On Assets of 3.70%. This is in the better half of the industry: MAA outperforms 65.00% of its industry peers.
  • Looking at the Return On Equity, with a value of 7.79%, MAA is in the better half of the industry, outperforming 65.00% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 4.35%, MAA belongs to the best of the industry, outperforming 95.00% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for MAA is above the industry average of 2.59%.
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

  • Looking at the Profit Margin, with a value of 20.05%, MAA is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • In the last couple of years the Profit Margin of MAA has grown nicely.
  • The Operating Margin of MAA (28.04%) is better than 85.00% of its industry peers.
  • In the last couple of years the Operating Margin of MAA has grown nicely.
  • 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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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MAA is destroying value.
  • MAA has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for MAA has been increased compared to 5 years ago.
  • 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 1.54, we must say that MAA is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.54, MAA is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • 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 75.00% 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.
  • 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 1.54
ROIC/WACC0.6
WACC7.22%
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's Current ratio of 0.10 is on the low side compared to the rest of the industry. MAA is outperformed by 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.
  • MAA's Quick ratio of 0.04 is on the low side compared to the rest of the industry. MAA is outperformed by 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

4

3. Growth

3.1 Past

  • The earnings per share for MAA have decreased strongly by -17.11% in the last year.
  • The Earnings Per Share has been growing by 11.43% on average over the past years. This is quite good.
  • MAA shows a small growth in Revenue. In the last year, the Revenue has grown by 0.83%.
  • MAA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.65% yearly.
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

  • The Earnings Per Share is expected to grow by 42.50% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 4.26% on average over the next years.
EPS Next Y-9.87%
EPS Next 2Y-0.86%
EPS Next 3Y42.5%
EPS Next 5YN/A
Revenue Next Year1.79%
Revenue Next 2Y2.54%
Revenue Next 3Y4.42%
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 accelerating.
  • 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 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

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 35.41, which means the current valuation is very expensive for MAA.
  • MAA's Price/Earnings is on the same level as the industry average.
  • MAA is valuated rather expensively when we compare the Price/Earnings ratio to 27.10, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 39.29, the valuation of MAA can be described as expensive.
  • MAA's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MAA is cheaper than 80.00% of the companies in the same industry.
  • MAA's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 28.06.
Industry RankSector Rank
PE 35.41
Fwd PE 39.29
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 cheaply inside the industry as 85.00% of the companies are valued more expensively.
  • 65.00% of the companies in the same industry are more expensive than MAA, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 50.08
EV/EBITDA 16.54
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.
  • MAA's earnings are expected to grow with 42.50% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)3.1
EPS Next 2Y-0.86%
EPS Next 3Y42.5%

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

6

5. Dividend

5.1 Amount

  • MAA has a Yearly Dividend Yield of 4.53%, which is a nice return.
  • Compared to an average industry Dividend Yield of 42.63, MAA has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, MAA pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.53%

5.2 History

  • On average, the dividend of MAA grows each year by 8.56%, which is quite nice.
  • 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.
  • MAA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP160.89%
EPS Next 2Y-0.86%
EPS Next 3Y42.5%
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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MID-AMERICA APARTMENT COMM

NYSE:MAA (2/27/2026, 8:04:00 PM)

After market: 134.01 +0.15 (+0.11%)

133.86

-2.01 (-1.48%)

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-2.06%
Ins Owners0.56%
Ins Owner Change0.93%
Market Cap15.65B
Revenue(TTM)2.21B
Net Income(TTM)442.99M
Analysts70.67
Price Target150.32 (12.3%)
Short Float %2.51%
Short Ratio2.8
Dividend
Industry RankSector Rank
Dividend Yield 4.53%
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)-0.58%
PT rev (3m)-1.67%
EPS NQ rev (1m)-1.16%
EPS NQ rev (3m)-4.28%
EPS NY rev (1m)-0.62%
EPS NY rev (3m)-9.43%
Revenue NQ rev (1m)0.17%
Revenue NQ rev (3m)-0.51%
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)-1.09%
Valuation
Industry RankSector Rank
PE 35.41
Fwd PE 39.29
P/S 7.08
P/FCF 50.08
P/OCF 14.51
P/B 2.75
P/tB 2.75
EV/EBITDA 16.54
EPS(TTM)3.78
EY2.82%
EPS(NY)3.41
Fwd EY2.54%
FCF(TTM)2.67
FCFY2%
OCF(TTM)9.22
OCFY6.89%
SpS18.9
BVpS48.62
TBVpS48.62
PEG (NY)N/A
PEG (5Y)3.1
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 1.54
F-Score5
WACC7.22%
ROIC/WACC0.6
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-9.87%
EPS Next 2Y-0.86%
EPS Next 3Y42.5%
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 2Y2.54%
Revenue Next 3Y4.42%
Revenue Next 5Y4.26%
EBIT growth 1Y-5.68%
EBIT growth 3Y-0.5%
EBIT growth 5Y7.7%
EBIT Next Year95.22%
EBIT Next 3Y30.6%
EBIT Next 5YN/A
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 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 -9.87% in the next year.