MID-AMERICA APARTMENT COMM (MAA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MAA - US59522J1034 - REIT
136.27 USD
+1.83 (+1.36%)
136.27 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to MAA. MAA was compared to 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 is quite expensive at the moment. It does show a decent growth rate.
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.
- In the past 5 years MAA has always been profitable.
- Each year in the past 5 years MAA had a positive operating cash flow.
1.2 Ratios
- MAA's Return On Assets of 4.63% is fine compared to the rest 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.
- MAA's Return On Invested Capital of 4.40% is amongst the best of the industry. MAA outperforms 95.00% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for MAA is above the industry average of 2.59%.
| 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
- The Profit Margin of MAA (25.06%) is better than 70.00% of its industry peers.
- In the last couple of years the Profit Margin of MAA has grown nicely.
- The Operating Margin of MAA (28.33%) is better than 85.00% of its industry peers.
- MAA's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 58.66%, MAA is in line with its industry, outperforming 55.00% of the companies in the same 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
- MAA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, MAA has less shares outstanding
- Compared to 5 years ago, MAA has more shares outstanding
- MAA has a worse debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 1.61, we must say that MAA is in the distress zone and has some risk of bankruptcy.
- With a decent Altman-Z score value of 1.61, MAA is doing good in the industry, outperforming 80.00% of the companies in the same industry.
- 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 | 1.61 |
ROIC/WACC0.59
WACC7.42%
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.
- Looking at the Current ratio, with a value of 0.09, MAA is doing worse than 75.00% of the companies in the same industry.
- A Quick Ratio of 0.03 indicates that MAA may have some problems paying its short term obligations.
- MAA's Quick ratio of 0.03 is on the low side compared to the rest of the industry. MAA is outperformed by 90.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.09 | ||
| Quick Ratio | 0.03 |
3. Growth
3.1 Past
- The Earnings Per Share has been growing slightly by 4.66% over the past year.
- 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.
- The Revenue has been growing slightly by 0.91% in the past year.
- 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 3.58% yearly.
EPS Next Y-6.09%
EPS Next 2Y-12.18%
EPS Next 3Y-4.8%
EPS Next 5Y24.45%
Revenue Next Year0.77%
Revenue Next 2Y1.39%
Revenue Next 3Y2.28%
Revenue Next 5Y3.58%
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 28.87, the valuation of MAA can be described as expensive.
- MAA's Price/Earnings ratio is a bit cheaper when compared to the industry. MAA is cheaper than 65.00% of the companies in the same industry.
- MAA's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.33.
- With a Price/Forward Earnings ratio of 38.75, 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.
- When comparing the Price/Forward Earnings ratio of MAA to the average of the S&P500 Index (24.12), we can say MAA is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.87 | ||
| Fwd PE | 38.75 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, MAA is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
- 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 | 69.63 | ||
| EV/EBITDA | 16.51 |
4.3 Compensation for Growth
- The decent profitability rating of MAA may justify a higher PE ratio.
- MAA's earnings are expected to decrease with -4.80% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)3.49
EPS Next 2Y-12.18%
EPS Next 3Y-4.8%
5. Dividend
5.1 Amount
- MAA has a Yearly Dividend Yield of 4.42%, which is a nice return.
- Compared to an average industry Dividend Yield of 32.52, MAA has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.91, MAA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.42% |
5.2 History
- The dividend of MAA is nicely growing with an annual growth rate of 8.76%!
- MAA has been paying a dividend for at least 10 years, so it has 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.
- MAA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP128.07%
EPS Next 2Y-12.18%
EPS Next 3Y-4.8%
136.27
+1.83 (+1.36%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)10-29 2025-10-29/amc
Earnings (Next)02-04 2026-02-04/amc
Inst Owners98.67%
Inst Owner Change-0.07%
Ins Owners0.56%
Ins Owner Change0.93%
Market Cap15.95B
Revenue(TTM)2.20B
Net Income(TTM)552.18M
Analysts70.97
Price Target150.55 (10.48%)
Short Float %2.73%
Short Ratio2.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.42% |
Yearly Dividend5.89
Dividend Growth(5Y)8.76%
DP128.07%
Div Incr Years0
Div Non Decr Years0
Ex-Date01-15 2026-01-15 (1.53)
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)-0.49%
PT rev (3m)-6.88%
EPS NQ rev (1m)0.14%
EPS NQ rev (3m)-2.37%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)-1.4%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)-0.5%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.87 | ||
| Fwd PE | 38.75 | ||
| P/S | 7.24 | ||
| P/FCF | 69.63 | ||
| P/OCF | 15.11 | ||
| P/B | 2.73 | ||
| P/tB | 2.73 | ||
| EV/EBITDA | 16.51 |
EPS(TTM)4.72
EY3.46%
EPS(NY)3.52
Fwd EY2.58%
FCF(TTM)1.96
FCFY1.44%
OCF(TTM)9.02
OCFY6.62%
SpS18.82
BVpS49.87
TBVpS49.87
PEG (NY)N/A
PEG (5Y)3.49
Graham Number72.77
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 | 1.61 |
F-Score4
WACC7.42%
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)4.66%
EPS 3Y9.96%
EPS 5Y8.27%
EPS Q2Q%-14.29%
EPS Next Y-6.09%
EPS Next 2Y-12.18%
EPS Next 3Y-4.8%
EPS Next 5Y24.45%
Revenue 1Y (TTM)0.91%
Revenue growth 3Y7.21%
Revenue growth 5Y5.95%
Sales Q2Q%0.59%
Revenue Next Year0.77%
Revenue Next 2Y1.39%
Revenue Next 3Y2.28%
Revenue Next 5Y3.58%
EBIT growth 1Y-7.01%
EBIT growth 3Y12.21%
EBIT growth 5Y8.83%
EBIT Next Year87.28%
EBIT Next 3Y25.49%
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 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 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 -6.09% in the next year.