Financials Mid-America Apartment Community, Inc.

Equities

MAA

US59522J1034

Residential REITs

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
129.2 USD +1.60% Intraday chart for Mid-America Apartment Community, Inc. +2.50% -3.89%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,041 14,490 26,417 18,129 15,690 15,085 - -
Enterprise Value (EV) 1 19,441 19,027 30,880 22,505 20,189 20,020 19,956 20,004
P/E ratio 43 x 57.8 x 49.8 x 28.6 x 28.5 x 30.4 x 30.4 x 25.8 x
Yield 2.94% 3.18% 1.81% 2.98% 4.22% 4.58% 4.67% 4.78%
Capitalization / Revenue 9.17 x 8.64 x 14.9 x 8.98 x 7.3 x 6.9 x 6.71 x 6.31 x
EV / Revenue 11.8 x 11.3 x 17.4 x 11.1 x 9.4 x 9.16 x 8.88 x 8.37 x
EV / EBITDA 20.4 x 20.2 x 30.5 x 19.1 x 16 x 16 x 15.5 x 14.6 x
EV / FCF - - - 28.6 x 22.1 x 19.9 x 20 x -
FCF Yield - - - 3.5% 4.53% 5.03% 5% -
Price to Book - - - 3.02 x 2.64 x 2.6 x 2.69 x 2.77 x
Nbr of stocks (in thousands) 114,066 114,370 115,138 115,477 116,688 116,727 - -
Reference price 2 131.9 126.7 229.4 157.0 134.5 129.2 129.2 129.2
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 2,186 2,247 2,389
EBITDA 1 952.2 943.1 1,013 1,178 1,262 1,251 1,287 1,373
EBIT 1 430.2 427.5 464.9 628.9 688.9 675.5 697.6 768.6
Operating Margin 26.22% 25.48% 26.14% 31.13% 32.06% 30.9% 31.05% 32.18%
Earnings before Tax (EBT) 1 368.7 265.8 563.1 647 570.8 509 523.3 580.8
Net income 1 350.1 251.3 530.1 633.7 549.1 499.2 496.7 556.6
Net margin 21.34% 14.97% 29.81% 31.38% 25.56% 22.84% 22.11% 23.3%
EPS 2 3.070 2.190 4.610 5.480 4.710 4.250 4.244 5.017
Free Cash Flow 1 - - - 787.1 913.7 1,007 998 -
FCF margin - - - 38.97% 42.53% 46.07% 44.42% -
FCF Conversion (EBITDA) - - - 66.82% 72.42% 80.47% 77.52% -
FCF Conversion (Net income) - - - 124.19% 166.4% 201.73% 200.91% -
Dividend per Share 2 3.880 4.025 4.162 4.675 5.670 5.914 6.033 6.174
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 Q3 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
Net sales 1 452.6 463.6 476.1 495 520.8 528 529 535.1 542 542.2 541.2 544.9 549.7 552.4 555.7
EBITDA 1 256.2 275 274.7 278.6 301.6 316.5 313.5 313.8 315.2 319.3 309.4 310.1 311.8 318.1 317
EBIT 1 118.6 131.7 140.1 148 164 176.8 173.9 171.9 166.3 176.9 167.9 167.4 167.3 172 171.6
Operating Margin 26.21% 28.4% 29.42% 29.9% 31.5% 33.48% 32.87% 32.12% 30.68% 32.62% 31.03% 30.73% 30.44% 31.14% 30.88%
Earnings before Tax (EBT) 1 89.59 198.4 111.8 213.1 124.1 198 140.1 152.1 113.1 165.5 127.9 128 125.1 131.7 127.9
Net income 1 83.56 184.7 109.9 209.8 121.4 192.7 135 144.8 109.8 159.6 122.1 120.8 126.5 124 121.2
Net margin 18.46% 39.85% 23.08% 42.38% 23.31% 36.5% 25.52% 27.05% 20.26% 29.42% 22.56% 22.17% 23.01% 22.45% 21.81%
EPS 2 0.7300 1.600 0.9500 1.820 1.050 1.670 1.160 1.240 0.9400 1.370 1.024 1.039 1.118 1.061 1.048
Dividend per Share 2 1.025 1.088 1.088 1.088 1.250 1.250 1.400 1.400 1.400 1.470 1.472 1.468 1.468 1.481 1.493
Announcement Date 10/27/21 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 - - - - -
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 4,935 4,871 4,920
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.621 x 4.811 x 4.406 x 3.716 x 3.566 x 3.944 x 3.784 x 3.584 x
Free Cash Flow 1 - - - 787 914 1,007 998 -
ROE (net income / shareholders' equity) - - 8.58% 10.6% 9.08% 8.1% 8.81% 10%
ROA (Net income/ Total Assets) - - - - 4.83% 4.57% 5.15% 5.85%
Assets 1 - - - - 11,363 10,922 9,645 9,522
Book Value Per Share 2 - - - 52.00 50.90 49.60 48.00 46.70
Cash Flow per Share 2 - - - 8.920 9.750 9.560 10.00 10.60
Capex 1 - - - 271 223 191 252 168
Capex / Sales - - - 13.44% 10.4% 8.73% 11.21% 7.03%
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
23
Last Close Price
129.2 USD
Average target price
136.9 USD
Spread / Average Target
+5.92%
Consensus
  1. Stock Market
  2. Equities
  3. MAA Stock
  4. Financials Mid-America Apartment Community, Inc.