MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.
Established dividend payer with proven track record.
Share Price & News
How has Mid-America Apartment Communities's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MAA.PRI has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MAA.PRI exceeded the US REITs industry which returned -15.4% over the past year.
Return vs Market: MAA.PRI underperformed the US Market which returned 3.7% over the past year.
Price Volatility Vs. Market
How volatile is Mid-America Apartment Communities's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Mid-America Apartment Communities undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MAA.PRI ($61) is trading below our estimate of fair value ($73.29)
Significantly Below Fair Value: MAA.PRI is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MAA.PRI is poor value based on its PE Ratio (40.4x) compared to the REITs industry average (25.8x).
PE vs Market: MAA.PRI is poor value based on its PE Ratio (40.4x) compared to the US market (15x).
Price to Earnings Growth Ratio
PEG Ratio: MAA.PRI is poor value based on its PEG Ratio (4.6x)
Price to Book Ratio
PB vs Industry: MAA.PRI is overvalued based on its PB Ratio (2.2x) compared to the US REITs industry average (1.3x).
How is Mid-America Apartment Communities forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MAA.PRI's forecast earnings growth (8.8% per year) is above the savings rate (2.2%).
Earnings vs Market: MAA.PRI's earnings (8.8% per year) are forecast to grow slower than the US market (21.5% per year).
High Growth Earnings: MAA.PRI's earnings are forecast to grow, but not significantly.
Revenue vs Market: MAA.PRI's revenue (3.7% per year) is forecast to grow slower than the US market (8.9% per year).
High Growth Revenue: MAA.PRI's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MAA.PRI's Return on Equity is forecast to be high in 3 years time
How has Mid-America Apartment Communities performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MAA.PRI has a large one-off gain of $81.9M impacting its March 31 2020 financial results.
Growing Profit Margin: MAA.PRI's current net profit margins (19.5%) are higher than last year (14.7%).
Past Earnings Growth Analysis
Earnings Trend: MAA.PRI's earnings have grown by 2.1% per year over the past 5 years.
Accelerating Growth: MAA.PRI's earnings growth over the past year (38.1%) exceeds its 5-year average (2.1% per year).
Earnings vs Industry: MAA.PRI earnings growth over the past year (38.1%) exceeded the REITs industry 5.3%.
Return on Equity
High ROE: MAA.PRI's Return on Equity (5.4%) is considered low.
How is Mid-America Apartment Communities's financial position?
Financial Position Analysis
Short Term Liabilities: MAA.PRI's short term assets ($57.9M) do not cover its short term liabilities ($543.0M).
Long Term Liabilities: MAA.PRI's short term assets ($57.9M) do not cover its long term liabilities ($4.4B).
Debt to Equity History and Analysis
Debt Level: MAA.PRI's debt to equity ratio (72.1%) is considered high.
Reducing Debt: MAA.PRI's debt to equity ratio has reduced from 114.3% to 72.1% over the past 5 years.
Debt Coverage: MAA.PRI's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: MAA.PRI's interest payments on its debt are not well covered by EBIT (2.5x coverage).
What is Mid-America Apartment Communities's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MAA.PRI's dividend (3.5%) is higher than the bottom 25% of dividend payers in the US market (1.75%).
High Dividend: MAA.PRI's dividend (3.5%) is low compared to the top 25% of dividend payers in the US market (4.73%).
Stability and Growth of Payments
Stable Dividend: MAA.PRI's dividends per share have been stable in the past 10 years.
Growing Dividend: MAA.PRI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (59.6%), MAA.PRI's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MAA.PRI's dividends in 3 years are forecast to be thoroughly covered by earnings (0.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
H. Bolton (62yo)
Mr. H. Eric Bolton Jr., has been the Chief Executive Officer at Mid-America Apartment Communities, Inc. since October 2001; Chairman since September 2002 and President since December 1996. Mr. Bolton joine ...
CEO Compensation Analysis
Compensation vs Market: H.'s total compensation ($USD5.74M) is below average for companies of similar size in the US market ($USD11.76M).
Compensation vs Earnings: H.'s compensation has increased by more than 20% in the past year.
|Executive VP & CFO||10.33yrs||US$2.66m||0.070% $9.4m|
|Executive VP & COO||8.42yrs||US$2.89m||0.070% $9.4m|
|Executive VP & General Counsel||6.75yrs||US$2.60m||0.043% $5.9m|
|Senior Vice President of Investments||no data||no data||no data|
|Senior VP & Chief Accounting Officer||3.33yrs||no data||no data|
|Senior VP & Chief Information Officer||3.42yrs||no data||no data|
|Investor Relations Contact||12.17yrs||no data||no data|
|Senior VP||no data||no data||no data|
|Executive VP of Development||no data||no data||no data|
Experienced Management: MAA.PRI's management team is seasoned and experienced (8.4 years average tenure).
|Lead Independent Director||no data||US$254.83k||0.012% $1.7m|
|Independent Director||6.58yrs||US$221.71k||0.031% $4.1m|
|Independent Director||6.58yrs||US$220.46k||0.0078% $1.1m|
|Independent Director||6.58yrs||US$231.08k||0.011% $1.4m|
|Independent Director||10.17yrs||US$223.58k||0.029% $3.9m|
|Independent Director||12.75yrs||US$237.96k||0.011% $1.5m|
|Independent Director||8yrs||US$222.96k||0.0042% $567.0k|
|Independent Director||4.17yrs||US$224.83k||0.0032% $438.4k|
Experienced Board: MAA.PRI's board of directors are considered experienced (6.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Mid-America Apartment Communities, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Mid-America Apartment Communities, Inc.
- Ticker: MAA.PRI
- Exchange: NYSE
- Founded: 1977
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: US$13.532b
- Market Cap: US$13.356b
- Shares outstanding: 118.41m
- Website: https://www.maac.com
Number of Employees
- Mid-America Apartment Communities, Inc.
- 6815 Poplar Avenue
- Suite 500
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MAA||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Jan 1994|
|M2K||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jan 1994|
|0K1E||LSE (London Stock Exchange)||Yes||Common Shares||GB||USD||Jan 1994|
|MAA *||BMV (Bolsa Mexicana de Valores)||Yes||Common Shares||MX||MXN||Jan 1994|
|MAA.PRI||NYSE (New York Stock Exchange)||PFD SER I||US||USD||Dec 2016|
|M1AA34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 4 REPR 1 COM||BR||BRL||Jan 2020|
MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States. As of March 31, 2020, MAA had ownership interest in 102,105 apartment units, including communities currently in development, across 16 states and the District of Columbia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/27 03:27|
|End of Day Share Price||2020/05/26 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.