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

NYSE:MAA • US59522J1034

Current stock price

126.32 USD
-1.43 (-1.12%)
At close:
126.32 USD
0 (0%)
After Hours:

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

6

1. MAA Profitability Analysis

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.
  • Each year in the past 5 years MAA 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 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.
  • 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.
  • The Return On Invested Capital of MAA (4.35%) is better than 95.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital 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.
  • MAA's Profit Margin has improved in the last couple of years.
  • 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 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 28.04%
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.
  • The number of shares outstanding for MAA remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, MAA has more shares outstanding
  • 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

  • MAA has an Altman-Z score of 1.43. This is a bad value and indicates that MAA is not financially healthy and even has some risk of bankruptcy.
  • With a decent Altman-Z score value of 1.43, MAA is doing good in the industry, outperforming 80.00% of the companies in the same industry.
  • 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 has a Debt to FCF ratio of 17.30. This is in the better half 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.
  • The Debt to Equity ratio of MAA (0.95) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.95
Debt/FCF 17.3
Altman-Z 1.43
ROIC/WACC0.59
WACC7.35%
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 has a worse Current ratio (0.10) than 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.
  • Looking at the Quick ratio, with a value of 0.04, MAA is doing worse than 85.00% of the companies in the same industry.
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

  • MAA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -17.11%.
  • 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%.
  • 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.
  • MAA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.26% yearly.
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

  • The EPS growth rate is decreasing: in the next years the growth will be less 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 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 1 2 3 4 5

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4

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.
  • MAA's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 25.70, MAA is valued a bit more expensive.
  • 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 cheaply inside the industry as 85.00% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.84, MAA is valued quite expensively.
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

  • Based on the Enterprise Value to EBITDA ratio, MAA is valued cheaply inside the industry as 90.00% 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 47.26
EV/EBITDA 15.64
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%

More info and screens

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 4.79%, which is a nice return.
  • MAA's Dividend Yield is comparable with the industry average which is at 46.03.
  • Compared to an average S&P500 Dividend Yield of 1.89, MAA pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.79%

5.2 History

  • On average, the dividend of MAA grows each year by 8.56%, which is quite nice.
  • MAA has been paying a dividend for at least 10 years, so it has 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

More info and screens

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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 4.79%
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)-4.37%
EPS NQ rev (3m)-6.61%
EPS NY rev (1m)-2.5%
EPS NY rev (3m)-6.87%
Revenue NQ rev (1m)-0.27%
Revenue NQ rev (3m)-0.25%
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 15.64
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 1.43
F-Score5
WACC7.35%
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 Fundamental Analysis 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.