MID-AMERICA APARTMENT COMM (MAA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MAA - US59522J1034 - REIT
137.09 USD
+1.65 (+1.22%)
137.09 USD
0 (0%)
MAA gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals 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. While showing a medium growth rate, MAA is valued expensive at the moment.
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.
- MAA had positive earnings in each of the past 5 years.
- Each year in the past 5 years MAA had a positive operating cash flow.
1.2 Ratios
- MAA has a Return On Assets of 4.63%. This is in the better half of the industry: MAA outperforms 70.00% of its industry peers.
- MAA's Return On Equity of 9.46% is fine compared to the rest of the industry. MAA outperforms 70.00% of its industry peers.
- MAA has a better Return On Invested Capital (4.40%) than 95.00% of its industry peers.
- MAA had an Average Return On Invested Capital over the past 3 years of 4.79%. This 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
- MAA's Profit Margin of 25.06% is fine compared to the rest of the industry. MAA outperforms 70.00% of its industry peers.
- In the last couple of years the Profit Margin of MAA has grown nicely.
- MAA has a better Operating Margin (28.33%) than 85.00% of its industry peers.
- In the last couple of years the Operating Margin of MAA has grown nicely.
- MAA has a Gross Margin (58.66%) 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 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.
- The number of shares outstanding for MAA has been reduced compared to 1 year ago.
- The number of shares outstanding for MAA has been increased compared to 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 1.62. This is a bad value and indicates that MAA is not financially healthy and even has some risk of bankruptcy.
- MAA has a Altman-Z score of 1.62. This is in the better half of the industry: MAA outperforms 80.00% of its industry peers.
- The Debt to FCF ratio of MAA is 22.68, which is on the high side as it means it would take MAA, 22.68 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of MAA (22.68) is better than 70.00% of its industry peers.
- 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 | 1.62 |
ROIC/WACC0.59
WACC7.47%
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: 75.00% of the companies in the same industry are doing better.
- A Quick Ratio of 0.03 indicates that MAA may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.03, MAA is doing worse than 90.00% of the companies in the same industry.
| 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.
- Looking at the last year, MAA shows a small growth in Revenue. The Revenue has grown by 0.91% in the last 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
- MAA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.45% yearly.
- The Revenue is expected to grow by 3.58% on average over the next years.
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
- MAA is valuated quite expensively with a Price/Earnings ratio of 29.04.
- Based on the Price/Earnings ratio, MAA is valued a bit cheaper than 65.00% of the companies in the same industry.
- When comparing the Price/Earnings ratio of MAA to the average of the S&P500 Index (27.47), we can say MAA is valued inline with the index average.
- MAA is valuated quite expensively with a Price/Forward Earnings ratio of 38.98.
- 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.
- The average S&P500 Price/Forward Earnings ratio is at 24.26. MAA is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.04 | ||
| Fwd PE | 38.98 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, MAA is valued a bit cheaper than 75.00% of the companies in the same industry.
- MAA's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 70.05 | ||
| EV/EBITDA | 16.6 |
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)3.51
EPS Next 2Y-12.18%
EPS Next 3Y-4.8%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.52%, MAA is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 32.52, MAA has a dividend in line with its industry peers.
- MAA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.52% |
5.2 History
- On average, the dividend of MAA grows each year by 8.76%, 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)8.76%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 128.07% of the earnings are spent on dividend by MAA. 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-12.18%
EPS Next 3Y-4.8%
137.09
+1.65 (+1.22%)
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 Cap16.05B
Revenue(TTM)2.20B
Net Income(TTM)552.18M
Analysts70.97
Price Target151.21 (10.3%)
Short Float %2.73%
Short Ratio2.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.52% |
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 | 29.04 | ||
| Fwd PE | 38.98 | ||
| P/S | 7.28 | ||
| P/FCF | 70.05 | ||
| P/OCF | 15.2 | ||
| P/B | 2.75 | ||
| P/tB | 2.75 | ||
| EV/EBITDA | 16.6 |
EPS(TTM)4.72
EY3.44%
EPS(NY)3.52
Fwd EY2.57%
FCF(TTM)1.96
FCFY1.43%
OCF(TTM)9.02
OCFY6.58%
SpS18.82
BVpS49.87
TBVpS49.87
PEG (NY)N/A
PEG (5Y)3.51
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 | 1.62 |
F-Score4
WACC7.47%
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.