XNYSMAApI
Market cap18bUSD
Dec 23, Last price
55.08USD
1D
-0.99%
1Q
-5.31%
Jan 2017
-13.40%
Name
Mid-America Apartment Communities Inc
Chart & Performance
P/E
11.65
P/S
3.00
EPS
4.73
Div Yield, %
10.18%
Shrs. gr., 5y
-0.23%
Rev. gr., 5y
6.46%
Revenues
2.15b
+6.37%
Net income
553m
-13.28%
CFO
1.14b
-7.15%
Dividend
Sep 13, 20241.0625 USD/sh
Earnings
Feb 05, 2025
Profile
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 December 31, 2020, MAA had ownership interest in 102,772 apartment units, including communities currently in development, across 16 states and the District of Columbia.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023‑12 | 2023‑03 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
| Income | |||||||||||
Revenues | 2,148,468 6.37% | 2,019,866 13.60% | 1,778,082 5.97% | ||||||||
Cost of revenue | 1,459,566 | 1,390,988 | 1,313,214 | ||||||||
Unusual Expense (Income) | |||||||||||
NOPBT | 688,902 | 628,878 | 464,868 | ||||||||
NOPBT Margin | 32.06% | 31.13% | 26.14% | ||||||||
Operating Taxes | 4,744 | (6,208) | 13,637 | ||||||||
Tax Rate | 0.69% | 2.93% | |||||||||
NOPAT | 684,158 | 635,086 | 451,231 | ||||||||
Net income | 552,806 -13.28% | 637,436 19.42% | 533,791 109.36% | ||||||||
Dividends | (655,405) | (543,293) | (474,089) | ||||||||
Dividend yield | 4.18% | 2.99% | 1.80% | ||||||||
Proceeds from repurchase of equity | 205,070 | ||||||||||
BB yield | -1.31% | ||||||||||
| Debt | |||||||||||
Debt current | 894,659 | 20,000 | 124,827 | ||||||||
Long-term debt | 3,700,254 | 4,443,574 | 4,546,941 | ||||||||
Deferred revenue | 65,129 | 59,937 | |||||||||
Other long-term liabilities | 16,216 | (67,951) | (72,801) | ||||||||
Net debt | 4,511,622 | 4,382,625 | 4,574,639 | ||||||||
| Cash flow | |||||||||||
Cash from operating activities | 1,137,187 | 1,224,712 | 1,058,479 | 894,967 | |||||||
CAPEX | (539,376) | (296,176) | (279,635) | ||||||||
Cash from investing activities | (775,262) | (405,236) | (253,586) | ||||||||
Cash from financing activities | (367,905) | (722,770) | (546,398) | ||||||||
FCF | (10,541,850) | (490,172) | 636,389 | 622,809 | |||||||
| Balance | |||||||||||
Cash | 41,314 | 38,659 | 54,302 | ||||||||
Long term investments | 41,977 | 42,290 | 42,827 | ||||||||
Excess cash | 8,225 | ||||||||||
Stockholders' equity | (1,100,799) | (992,415) | (1,077,049) | ||||||||
Invested Capital | 11,964,539 | 11,499,405 | 11,889,794 | ||||||||
ROIC | 5.83% | 5.43% | 3.71% | ||||||||
ROCE | 6.34% | 5.98% | 4.29% | ||||||||
| EV | |||||||||||
Common stock shares outstanding | 116,645 | 115,583 | 115,039 | ||||||||
Price | 134.46 -14.35% | 151.04 -3.79% | 156.99 -31.58% | 229.44 81.10% | |||||||
Market cap | 15,684,087 -13.56% | 18,145,375 -31.25% | 26,394,548 81.96% | ||||||||
EV | 20,381,602 | 22,712,668 | 31,157,926 | ||||||||
EBITDA | 1,254,759 | 547,761 | 1,172,882 | 999,283 | |||||||
EV/EBITDA | 16.24 | 19.36 | 31.18 | ||||||||
Interest | 149,234 | 154,747 | 156,881 | ||||||||
Interest/NOPBT | 21.66% | 24.61% | 33.75% | ||||||||