Mid-America Apartment Communities, Inc. (MAA) vs Vivmark Residential (VMRK)

Mid-America Apartment Communities, Inc. and Vivmark Residential are both Reit Residential companies. Vivmark Residential is the larger, with a market value of $47.2B against $14.0B — 3.4× the size. Vivmark Residential trades at the lower P/E: 26.6× against 34.6×. Vivmark Residential grew revenue faster over the last twelve months: 2.77% against 0.85%. Vivmark Residential has the higher net margin (27.9% vs 18.0%) and the higher return on invested capital (4.23% vs 3.33%). Both pay a dividend; Mid-America Apartment Communities, Inc. yields more (4.67% vs 4.58%). Across the 23 metrics below, Vivmark Residential leads on 18 and Mid-America Apartment Communities, Inc. on 5.

Valuation

Metric MAA VMRK Reit Residential median
P/E 34.61 26.63 28.48
P/S 6.19 7.36 5.52
P/B 2.46 2.16 1.89
Price to free cash flow 24.80 12.12 18.04
EV/EBITDA 15.56 13.50 15.74
EV/Sales 8.73 9.98 8.08
Earnings yield 2.89% 3.76% 2.37%
Free cash flow yield 4.03% 8.25% 4.03%

Profitability

Metric MAA VMRK Reit Residential median
Gross margin 58.39% 62.34% 58.73%
Operating margin 26.88% 40.88% 20.57%
Net margin 18.01% 27.93% 20.81%
Free cash flow margin 24.97% 60.71% 20.24%
Return on equity 6.86% 7.99% 6.86%
Return on assets 3.35% 4.23% 3.17%
Return on invested capital 3.33% 4.23% 2.03%

Growth

Metric MAA VMRK Reit Residential median
Revenue growth (TTM) 0.85% 2.77% 2.66%
EPS growth (last fiscal year) (15.81%) 8.09% —
Revenue growth, 5-year CAGR 5.65% 3.77% 7.53%
Net income growth, 5-year CAGR 12.02% 4.20% 3.76%

Health

Metric MAA VMRK Reit Residential median
Debt to equity 1.02 0.77 0.78
Current ratio 0.09 0.19 0.54
Net debt to EBITDA 4.27 3.20 4.27

Dividend

Metric MAA VMRK Reit Residential median
Dividend yield 4.67% 4.58% 4.63%
Payout ratio 1.04 1.21 1.35

Size

Metric MAA VMRK Reit Residential median
Market cap 13.95b 47.24b 4.17b

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