MID-AMERICA APARTMENT COMM (MAA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MAA - US59522J1034 - REIT
138.979 USD
+0.07 (+0.05%)
Overall MAA gets a fundamental rating of 5 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 is valied quite expensively at the moment, while it does show a decent growth rate. MAA also has an excellent dividend rating.
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.
MAA had positive earnings in each of the past 5 years.
MAA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of MAA (4.63%) is better than 70.00% of its industry peers.
The Return On Equity of MAA (9.46%) is better than 70.00% of its industry peers.
The Return On Invested Capital of MAA (4.40%) is better than 95.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years 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.
MAA has a better Operating Margin (28.33%) than 85.00% of its industry peers.
MAA's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 58.66%, MAA perfoms like the industry average, outperforming 55.00% 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 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MAA is destroying value.
The number of shares outstanding for MAA has been reduced compared to 1 year ago.
Compared to 5 years ago, MAA has more shares outstanding
The debt/assets ratio for MAA is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.66, we must say that MAA is in the distress zone and has some risk of bankruptcy.
MAA has a Altman-Z score of 1.66. This is in the better half of the industry: MAA outperforms 80.00% of its industry peers.
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.
MAA has a Debt to FCF ratio of 22.68. This is in the better half of the industry: MAA outperforms 70.00% of its industry peers.
MAA has a Debt/Equity ratio of 0.89. This is a neutral value indicating MAA is somewhat dependend on debt financing.
MAA has a Debt to Equity ratio of 0.89. This is comparable to the rest of the industry: MAA outperforms 55.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 22.68 | ||
| Altman-Z | 1.66 |
ROIC/WACC0.59
WACC7.44%
2.3 Liquidity
A Current Ratio of 0.09 indicates that MAA may have some problems paying its short term obligations.
MAA has a worse Current ratio (0.09) than 75.00% of its industry peers.
MAA has a Quick 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 Quick ratio value of 0.03, MAA is not doing good in the industry: 90.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.09 | ||
| Quick Ratio | 0.03 |
3. Growth
3.1 Past
MAA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.66%.
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.
The Revenue has been growing slightly by 5.95% on average over the past years.
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
Based on estimates for the next years, MAA will show a very strong growth in Earnings Per Share. The EPS will grow by 24.45% on average per year.
Based on estimates for the next years, MAA will show a small growth in Revenue. The Revenue will grow by 3.58% on average per year.
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
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.
4. Valuation
4.1 Price/Earnings Ratio
MAA is valuated quite expensively with a Price/Earnings ratio of 29.44.
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 (26.51), we can say MAA is valued inline with the index average.
MAA is valuated quite expensively with a Price/Forward Earnings ratio of 39.52.
Based on the Price/Forward Earnings ratio, MAA is valued cheaper than 85.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.13, MAA is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.44 | ||
| Fwd PE | 39.52 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MAA is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
MAA's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 71.01 | ||
| EV/EBITDA | 16.93 |
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 decrease with -4.80% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)3.56
EPS Next 2Y-12.18%
EPS Next 3Y-4.8%
5. Dividend
5.1 Amount
MAA has a Yearly Dividend Yield of 8.22%, which is a nice return.
Compared to an average industry Dividend Yield of 11.48, MAA pays a better dividend. On top of this MAA pays more dividend than 85.00% of the companies listed in the same industry.
MAA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.22% |
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.
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%
NYSE:MAA (1/2/2026, 12:53:40 PM)
138.979
+0.07 (+0.05%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners98.63%
Inst Owner Change-0.33%
Ins Owners0.56%
Ins Owner Change0.14%
Market Cap16.27B
Revenue(TTM)2.20B
Net Income(TTM)552.18M
Analysts71.61
Price Target150.55 (8.33%)
Short Float %2.73%
Short Ratio2.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.22% |
Yearly Dividend5.89
Dividend Growth(5Y)8.76%
DP128.07%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)-1.52%
PT rev (3m)-7.24%
EPS NQ rev (1m)-0.4%
EPS NQ rev (3m)-2.79%
EPS NY rev (1m)-1.69%
EPS NY rev (3m)-1.4%
Revenue NQ rev (1m)-0.22%
Revenue NQ rev (3m)-0.49%
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)-0.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.44 | ||
| Fwd PE | 39.52 | ||
| P/S | 7.38 | ||
| P/FCF | 71.01 | ||
| P/OCF | 15.41 | ||
| P/B | 2.79 | ||
| P/tB | 2.79 | ||
| EV/EBITDA | 16.93 |
EPS(TTM)4.72
EY3.4%
EPS(NY)3.52
Fwd EY2.53%
FCF(TTM)1.96
FCFY1.41%
OCF(TTM)9.02
OCFY6.49%
SpS18.82
BVpS49.87
TBVpS49.87
PEG (NY)N/A
PEG (5Y)3.56
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 | 1.66 |
F-Score4
WACC7.44%
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.