Mid America Apartment Communities Inc. (MAA) stock analysis

P/E above its 5-year median

Mid America Apartment Communities's P/E of 35.8 is above its own 5-year median of 31.4.

P/E above the industry

Mid America Apartment Communities's P/E of 35.8 is above the Miscellaneous Investing median of 26.3.

EV/EBITDA below its 5-year median

Mid America Apartment Communities's EV/EBITDA of 10.8 is below its 5-year median of 12.8.

P/B above the industry

Mid America Apartment Communities's price-to-book of 2.59 is above the Miscellaneous Investing median of 1.20.

Trading above fair value

The share price of $118.19 is above our fair value estimate of $107.53.

Margin of safety under 20%

The price is 9.9% above fair value, so there is no margin of safety.

Revenue growing under 10% a year

Revenue grew 3.0% a year over the last three fiscal years, short of the 10% we look for.

EPS growing under 10% a year

Diluted EPS grew -11.6% a year over the last three fiscal years.

Earnings growth not accelerating

Net income grew -30.3% over the last twelve months, against a 5-year average of 11.9% a year.

Growing slower than the industry

Revenue grew 1.0% over the last twelve months; the Miscellaneous Investing median is 4.6%.

Guidance lowered

Mid America Apartment Communities lowered its Full Year 2026 Core AFFO per Share - diluted outlook on Apr 29, 2026.

Gross margin trend

This company does not report gross profit.

Return on equity under 15%

Return on equity was 7.0% over the last twelve months and averaged 9.1% over five years; we look for 15% on both.

Return on invested capital

Needs operating income and invested capital.

Return on equity above the industry

Mid America Apartment Communities's return on equity of 7.0% is above the Miscellaneous Investing median of 3.1%.

Earnings grew over 5 years

Net income grew 11.9% a year on average over the last five fiscal years.

Net margin below its 5-year average

Net margin was 17.4% over the last twelve months, against a 5-year average of 26.3%.

Net margin above the industry

Mid America Apartment Communities's net margin of 17.4% is above the Miscellaneous Investing median of 10.3%.

Debt level

Needs debt and equity figures.

Debt trend

Needs a balance sheet from five years ago with positive equity.

Debt coverage

Needs operating cash flow.

Interest coverage

Interest expense is not reported separately.

Short-term liquidity

The balance sheet is not split into current and non-current items.

Elevated bankruptcy risk

The Altman Z-score is 1.43; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

Mid America Apartment Communities paid dividends worth 5.2% of the share price over the last twelve months.

Yield above Treasuries

The 5.2% yield is above the 4.4% on a 1-year Treasury.

Yield in the top quarter

The top quarter of US dividend payers yield 3.8% or more; Mid America Apartment Communities yields 5.2%.

Dividend not cut

The dividend per share has not fallen by more than 10% in any of the last 9 fiscal years.

Not covered by earnings

Dividends take 184% of net income, leaving little room.

Cash-flow cover

Needs dividends paid and free cash flow.