Mid-America Apartment Communiti — Earnings Quality Grade F
MAA · Real Estate
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
Insufficient data
Insufficient data
Revenue 0.8%, CFFO -1.8%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 11.7% vs revenue 0.8%. Normal
SG&A/Gross Profit = 8.1%, excellent (<30%)
Gross margin 30.5%, change -2.0pp. Stable
Cash Flow Quality
CFFO/NI = 2.41. Profits backed by cash
FCF $0.7B, FCF/NI = 1.61
Accruals ratio = -5.3%. Low accruals
Cash $0.1B covers only 1% of debt $5.4B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 4.3x (>4x). Financial stress
Other assets 5.7% vs revenue 0.8%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
Insufficient data
Altman Z-Score — Not Applicable
Mid-America Apartment Communiti is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09