Independence Realty Trust, Inc. (IRT) vs Mid-America Apartment Communities, Inc. (MAA)

Independence Realty Trust, Inc. and Mid-America Apartment Communities, Inc. are both Reit Residential companies. Mid-America Apartment Communities, Inc. is the larger, with a market value of $14.0B against $3.5B — 4.0× the size. Mid-America Apartment Communities, Inc. trades at the lower P/E: 34.6× against 79.3×. Independence Realty Trust, Inc. grew revenue faster over the last twelve months: 3.46% against 0.85%. Mid-America Apartment Communities, Inc. has the higher net margin (18.0% vs 6.52%) and the higher return on invested capital (3.33% vs 1.21%). Both pay a dividend; Mid-America Apartment Communities, Inc. yields more (4.67% vs 4.12%). Across the 23 metrics below, Mid-America Apartment Communities, Inc. leads on 14 and Independence Realty Trust, Inc. on 9.

Valuation

Metric IRT MAA Reit Residential median
P/E 79.30 34.61 28.48
P/S 5.16 6.19 5.52
P/B 0.99 2.46 1.89
Price to free cash flow 76.38 24.80 18.04
EV/EBITDA 15.71 15.56 15.74
EV/Sales 8.74 8.73 8.08
Earnings yield 1.26% 2.89% 2.37%
Free cash flow yield 1.31% 4.03% 4.03%

Profitability

Metric IRT MAA Reit Residential median
Gross margin 58.73% 58.39% 58.73%
Operating margin 16.94% 26.88% 20.57%
Net margin 6.52% 18.01% 20.81%
Free cash flow margin 6.76% 24.97% 20.24%
Return on equity 1.24% 6.86% 6.86%
Return on assets 0.72% 3.35% 3.17%
Return on invested capital 1.21% 3.33% 2.03%

Growth

Metric IRT MAA Reit Residential median
Revenue growth (TTM) 3.46% 0.85% 2.66%
EPS growth (last fiscal year) 41.18% (15.81%) —
Revenue growth, 5-year CAGR 25.42% 5.65% 7.53%
Net income growth, 5-year CAGR 30.81% 12.02% 3.76%

Health

Metric IRT MAA Reit Residential median
Debt to equity 0.70 1.02 0.78
Current ratio 1.06 0.09 0.54
Net debt to EBITDA 5.82 4.27 4.27

Dividend

Metric IRT MAA Reit Residential median
Dividend yield 4.12% 4.67% 4.63%
Payout ratio 1.81 1.04 1.35

Size

Metric IRT MAA Reit Residential median
Market cap 3.53b 13.95b 4.17b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack