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

NYSE:MAA • US59522J1034

133.78 USD
+0.21 (+0.16%)
At close: Mar 4, 2026
133.78 USD
0 (0%)
After Hours: 3/4/2026, 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

Overall MAA gets a fundamental rating of 4 out of 10. We evaluated MAA against 20 industry peers in the Residential REITs industry. While MAA has a great profitability rating, there are quite some concerns on its financial health. MAA has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

7

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.
  • In the past 5 years MAA has always been profitable.
  • In the past 5 years MAA always reported a positive cash flow from operatings.
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's Return On Assets of 3.70% is fine compared to the rest of the industry. MAA outperforms 65.00% of its industry peers.
  • MAA has a better Return On Equity (7.79%) than 65.00% 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 above the industry average of 2.60%.
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 of 20.05%. This is comparable to the rest of the industry: MAA outperforms 50.00% of its industry peers.
  • In the last couple of years the Profit Margin of MAA has grown nicely.
  • With an excellent Operating Margin value of 28.04%, MAA belongs to the best of the industry, outperforming 85.00% of the companies in the same industry.
  • MAA's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 58.69%, MAA is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • 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.
  • MAA has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, MAA has more shares outstanding
  • 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

  • MAA has an Altman-Z score of 1.52. This is a bad value and indicates that MAA is not financially healthy and even has some risk of bankruptcy.
  • MAA has a better Altman-Z score (1.52) than 75.00% 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.
  • 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.
  • A Debt/Equity ratio of 0.95 indicates that MAA is somewhat dependend on debt financing.
  • MAA has a Debt to Equity ratio (0.95) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.95
Debt/FCF 17.3
Altman-Z 1.52
ROIC/WACC0.6
WACC7.25%
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.
  • A Quick Ratio of 0.04 indicates that MAA may have some problems paying 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. 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%.
  • 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 very strong growth in Earnings Per Share. The EPS will grow by 42.50% 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-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

  • The EPS growth rate is accelerating: in the next years the growth will be better 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 2 4 6 8 10

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4

4. MAA Valuation Analysis

4.1 Price/Earnings Ratio

  • MAA is valuated quite expensively with a Price/Earnings ratio of 35.39.
  • MAA's Price/Earnings ratio is in line with the industry average.
  • MAA's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.03.
  • Based on the Price/Forward Earnings ratio of 39.27, the valuation of MAA can be described as expensive.
  • MAA's Price/Forward Earnings ratio is rather cheap when compared to the industry. MAA is cheaper than 85.00% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 25.11. MAA is valued rather expensively when compared to this.
Industry RankSector Rank
PE 35.39
Fwd PE 39.27
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 cheaper than 90.00% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, MAA is valued a bit cheaper than 65.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 50.05
EV/EBITDA 16.35
MAA Per share dataMAA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The decent profitability rating of MAA may justify a higher PE ratio.
  • A more expensive valuation may be justified as MAA's earnings are expected to grow with 42.50% in the coming years.
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. MAA Dividend Analysis

5.1 Amount

  • MAA has a Yearly Dividend Yield of 4.50%, which is a nice return.
  • Compared to an average industry Dividend Yield of 44.17, 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 1.82.
Industry RankSector Rank
Dividend Yield 4.5%

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.
  • 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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MAA Fundamentals: All Metrics, Ratios and Statistics

MID-AMERICA APARTMENT COMM

NYSE:MAA (3/4/2026, 8:04:00 PM)

After market: 133.78 0 (0%)

133.78

+0.21 (+0.16%)

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 Cap15.64B
Revenue(TTM)2.21B
Net Income(TTM)442.99M
Analysts70.67
Price Target148.96 (11.35%)
Short Float %2.66%
Short Ratio2.99
Dividend
Industry RankSector Rank
Dividend Yield 4.5%
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)-1.48%
PT rev (3m)-2.56%
EPS NQ rev (1m)-4.46%
EPS NQ rev (3m)-8.09%
EPS NY rev (1m)-0.62%
EPS NY rev (3m)-9.43%
Revenue NQ rev (1m)0.07%
Revenue NQ rev (3m)-0.6%
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)-1.09%
Valuation
Industry RankSector Rank
PE 35.39
Fwd PE 39.27
P/S 7.08
P/FCF 50.05
P/OCF 14.5
P/B 2.75
P/tB 2.75
EV/EBITDA 16.35
EPS(TTM)3.78
EY2.83%
EPS(NY)3.41
Fwd EY2.55%
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 1.52
F-Score5
WACC7.25%
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 Year95.06%
EBIT Next 3Y28.87%
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.