Mid-America Apartment Communities Inc
NYSE:MAA
Intrinsic Value
Mid-America Apartment Communities, Inc. is a real estate investment trust. [ Read More ]
The intrinsic value of one MAA stock under the Base Case scenario is 135.68 USD. Compared to the current market price of 129.79 USD, Mid-America Apartment Communities Inc is Undervalued by 4%.
Valuation Backtest
Mid-America Apartment Communities Inc
Run backtest to discover the historical profit from buying and selling MAA stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Real Estate Earnings Call Insight
2023-Q4 Earnings Call
The company reported a mixed quarter with blended lease-over-lease pricing down by 1.6%, new lease rates declining 7%, and renewal rates up 4.8%. The quarter's revenue growth was 2.1%, supported by strong collections and an average occupancy of 95.5%. The core FFO for the quarter was $2.32 per share, which is a year-over-year increase of approximately 8%, and the projected core FFO for 2024 is $8.68 to $9.08 per share, with a midpoint of $8.88. The same-store revenue growth for 2024 is forecasted at a modest 0.9%, with effective rent growth expected to be the same. However, same-store operating expenses are predicted to increase by about 4.85%, leading to a projected 1.3% decline in same-store NOI.
Balance Sheet Decomposition
Mid-America Apartment Communities Inc
Current Assets | 115.2m |
Cash & Short-Term Investments | 41.3m |
Other Current Assets | 73.9m |
Non-Current Assets | 11.4B |
Long-Term Investments | 88.5m |
PP&E | 11.1B |
Other Non-Current Assets | 170.3m |
Current Liabilities | 645.2m |
Accrued Liabilities | 645.2m |
Non-Current Liabilities | 4.7B |
Long-Term Debt | 4.5B |
Other Non-Current Liabilities | 185.9m |
Earnings Waterfall
Mid-America Apartment Communities Inc
Revenue
|
2.1B
USD
|
Cost of Revenue
|
-835.9m
USD
|
Gross Profit
|
1.3B
USD
|
Operating Expenses
|
-623.6m
USD
|
Operating Income
|
688.9m
USD
|
Other Expenses
|
-140m
USD
|
Net Income
|
548.9m
USD
|
Free Cash Flow Analysis
Mid-America Apartment Communities Inc
What is Free Cash Flow?
MAA Profitability Score
Profitability Due Diligence
Mid-America Apartment Communities Inc's profitability score is 60/100. The higher the profitability score, the more profitable the company is.
Score
Mid-America Apartment Communities Inc's profitability score is 60/100. The higher the profitability score, the more profitable the company is.
MAA Solvency Score
Solvency Due Diligence
Mid-America Apartment Communities Inc's solvency score is 32/100. The higher the solvency score, the more solvent the company is.
Score
Mid-America Apartment Communities Inc's solvency score is 32/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
MAA Price Targets Summary
Mid-America Apartment Communities Inc
According to Wall Street analysts, the average 1-year price target for MAA is 140.64 USD with a low forecast of 125.24 USD and a high forecast of 159.6 USD.
Ownership
MAA Insider Trading
Buy and sell transactions by insiders
Period | Sold | Bought | Net |
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Shareholder Return
MAA Price
Mid-America Apartment Communities Inc
Average Annual Return | 21.03% |
Standard Deviation of Annual Returns | 51.45% |
Max Drawdown | -46% |
Market Capitalization | 15.3B USD |
Shares Outstanding | 119 840 000 |
Percentage of Shares Shorted | 3.05% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Mid-America Apartment Communities, Inc. is a real estate investment trust. The company is headquartered in Memphis, Tennessee and currently employs 2,429 full-time employees. The firm owns, operates, acquires, and selectively develops apartment communities primarily located in the Southeast, Southwest and Mid-Atlantic regions of the United States. The company operates through two segments: Same Store, and Non-Same Store and Other. Its Same Store segment represents those apartment communities that have been owned and stabilized for at least 12 months. Its Non-Same Store and Other segment includes recently acquired communities, communities being developed or in lease-up, communities identified for disposition, and others. Its Non-Same Store and Other segment also includes non-multifamily activities. The firm owns and operates approximately 290 apartment communities through the Mid-America Apartments, L.P. (Operating Partnership) and its subsidiaries.
Contact
IPO
Employees
Officers
The intrinsic value of one MAA stock under the Base Case scenario is 135.68 USD.
Compared to the current market price of 129.79 USD, Mid-America Apartment Communities Inc is Undervalued by 4%.