Financials Mid-America Apartment Community, Inc.

Equities

MAA

US59522J1034

Residential REITs

Market Closed - Nyse 04:00:02 2024-05-09 pm EDT 5-day change 1st Jan Change
136.3 USD +2.52% Intraday chart for Mid-America Apartment Community, Inc. +3.54% +1.40%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,041 14,490 26,417 18,129 15,690 15,537 - -
Enterprise Value (EV) 1 19,441 19,027 30,880 22,505 20,189 20,465 20,554 20,620
P/E ratio 43 x 57.8 x 49.8 x 28.6 x 28.5 x 32 x 31.8 x 26.8 x
Yield 2.94% 3.18% 1.81% 2.98% 4.22% 4.42% 4.56% 4.68%
Capitalization / Revenue 9.17 x 8.64 x 14.9 x 8.98 x 7.3 x 7.12 x 6.92 x 6.5 x
EV / Revenue 11.8 x 11.3 x 17.4 x 11.1 x 9.4 x 9.37 x 9.15 x 8.63 x
EV / EBITDA 20.4 x 20.2 x 30.5 x 19.1 x 16 x 16.4 x 16 x 15.1 x
EV / FCF - - - 28.6 x 22.1 x 20.3 x 20.6 x -
FCF Yield - - - 3.5% 4.53% 4.92% 4.86% -
Price to Book - - - 3.02 x 2.64 x 2.69 x 2.79 x 2.87 x
Nbr of stocks (in thousands) 114,066 114,370 115,138 115,477 116,688 116,826 - -
Reference price 2 131.9 126.7 229.4 157.0 134.5 133.0 133.0 133.0
Announcement Date 1/29/20 2/3/21 2/2/22 2/1/23 2/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,641 1,678 1,778 2,020 2,148 2,183 2,247 2,390
EBITDA 1 952.2 943.1 1,013 1,178 1,262 1,252 1,285 1,368
EBIT 1 430.2 427.5 464.9 628.9 688.9 670.4 695.7 767
Operating Margin 26.22% 25.48% 26.14% 31.13% 32.06% 30.71% 30.97% 32.1%
Earnings before Tax (EBT) 1 368.7 265.8 563.1 647 570.8 513.3 518.7 577.9
Net income 1 350.1 251.3 530.1 633.7 549.1 491 491.2 553.4
Net margin 21.34% 14.97% 29.81% 31.38% 25.56% 22.49% 21.86% 23.16%
EPS 2 3.070 2.190 4.610 5.480 4.710 4.159 4.186 4.970
Free Cash Flow 1 - - - 787.1 913.7 1,007 998 -
FCF margin - - - 38.97% 42.53% 46.12% 44.42% -
FCF Conversion (EBITDA) - - - 66.82% 72.42% 80.46% 77.67% -
FCF Conversion (Net income) - - - 124.19% 166.4% 205.07% 203.17% -
Dividend per Share 2 3.880 4.025 4.162 4.675 5.670 5.880 6.071 6.219
Announcement Date 1/29/20 2/3/21 2/2/22 2/1/23 2/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 463.6 476.1 495 520.8 528 529 535.1 542 542.2 543.6 544 548.2 551.7 555.2 562
EBITDA 1 275 274.7 278.6 301.6 316.5 313.5 313.8 315.2 319.3 309.8 309.7 311.4 317.7 316.7 314.9
EBIT 1 131.7 140.1 148 164 176.8 173.9 171.9 166.3 176.9 165.8 167.1 167.8 172.1 170.3 170.7
Operating Margin 28.4% 29.42% 29.9% 31.5% 33.48% 32.87% 32.12% 30.68% 32.62% 30.49% 30.72% 30.61% 31.19% 30.68% 30.37%
Earnings before Tax (EBT) 1 198.4 111.8 213.1 124.1 198 140.1 152.1 113.1 165.5 148.9 125.9 124.8 129.7 126.8 127.2
Net income 1 184.7 109.9 209.8 121.4 192.7 135 144.8 109.8 159.6 142.8 119.4 118.9 122 119.6 119.1
Net margin 39.85% 23.08% 42.38% 23.31% 36.5% 25.52% 27.05% 20.26% 29.42% 26.27% 21.95% 21.7% 22.12% 21.54% 21.19%
EPS 2 1.600 0.9500 1.820 1.050 1.670 1.160 1.240 0.9400 1.370 1.220 1.011 1.009 1.035 1.030 1.037
Dividend per Share 2 1.088 1.088 1.088 1.250 1.250 1.400 1.400 1.400 1.470 1.470 1.470 1.470 1.484 1.507 1.503
Announcement Date 2/2/22 4/27/22 7/27/22 10/26/22 2/1/23 4/26/23 7/26/23 10/25/23 2/7/24 5/1/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,400 4,538 4,462 4,376 4,499 4,928 5,017 5,083
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.621 x 4.811 x 4.406 x 3.716 x 3.566 x 3.937 x 3.905 x 3.715 x
Free Cash Flow 1 - - - 787 914 1,007 998 -
ROE (net income / shareholders' equity) - - 8.58% 10.6% 9.08% 8.27% 8.73% 9.99%
ROA (Net income/ Total Assets) - - - - 4.83% 4.22% 4.75% 5.59%
Assets 1 - - - - 11,363 11,623 10,344 9,903
Book Value Per Share 2 - - - 52.00 50.90 49.50 47.70 46.30
Cash Flow per Share 2 - - - 8.920 9.750 9.160 9.680 10.30
Capex 1 - - - 271 223 262 272 180
Capex / Sales - - - 13.44% 10.4% 11.99% 12.09% 7.53%
Announcement Date 1/29/20 2/3/21 2/2/22 2/1/23 2/7/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
22
Last Close Price
133 USD
Average target price
137.4 USD
Spread / Average Target
+3.30%
Consensus
  1. Stock Market
  2. Equities
  3. MAA Stock
  4. Financials Mid-America Apartment Community, Inc.
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