WallStSmart

Essex Property Trust Inc (ESS)vsMid-America Apartment Communities Inc (MAA)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Mid-America Apartment Communities Inc generates 12% more annual revenue ($2.22B vs $1.98B). ESS leads profitability with a 20.9% profit margin vs 18.2%. MAA appears more attractively valued with a PEG of 7.03. MAA earns a higher WallStSmart Score of 56/100 (C).

ESS

Hold

49

out of 100

Grade: D+

Growth: 4.0Profit: 6.5Value: 5.3Quality: 3.5
Piotroski: 4/9Altman Z: 0.74

MAA

Buy

56

out of 100

Grade: C

Growth: 4.7Profit: 7.0Value: 3.7Quality: 3.0
Piotroski: 3/9Altman Z: 0.68
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ESSUndervalued (+35.1%)

Margin of Safety

+35.1%

Fair Value

$403.08

Current Price

$283.06

$120.02 discount

UndervaluedFair: $403.08Overvalued

Intrinsic value data unavailable for MAA.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ESS2 strengths · Avg: 9.5/10
Operating MarginProfitability
34.0%10/10

Strong operational efficiency at 34.0%

Profit MarginProfitability
20.9%9/10

Keeps 21 of every $100 in revenue as profit

MAA2 strengths · Avg: 8.0/10
Price/BookValuation
2.8x8/10

Reasonable price relative to book value

Operating MarginProfitability
25.4%8/10

Strong operational efficiency at 25.4%

Areas to Watch

ESS4 concerns · Avg: 3.0/10
Revenue GrowthGrowth
3.1%4/10

3.1% revenue growth

Return on EquityProfitability
7.8%3/10

ROE of 7.8% — below average capital efficiency

Debt/EquityHealth
1.273/10

Elevated debt levels

PEG RatioValuation
7.392/10

Expensive relative to growth rate

MAA4 concerns · Avg: 3.5/10
P/E RatioValuation
39.3x4/10

Premium valuation, high expectations priced in

Revenue GrowthGrowth
1.0%4/10

1.0% revenue growth

Return on EquityProfitability
7.4%3/10

ROE of 7.4% — below average capital efficiency

Debt/EquityHealth
1.053/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : ESS

The strongest argument for ESS centers on Operating Margin, Profit Margin. Profitability is solid with margins at 20.9% and operating margin at 34.0%.

Bull Case : MAA

The strongest argument for MAA centers on Price/Book, Operating Margin. Profitability is solid with margins at 18.2% and operating margin at 25.4%.

Bear Case : ESS

The primary concerns for ESS are Revenue Growth, Return on Equity, Debt/Equity. A P/E of 44.9x leaves little room for execution misses.

Bear Case : MAA

The primary concerns for MAA are P/E Ratio, Revenue Growth, Return on Equity.

Key Dynamics to Monitor

MAA carries more volatility with a beta of 0.72 — expect wider price swings.

ESS is growing revenue faster at 3.1% — sustainability is the question.

ESS generates stronger free cash flow (234M), providing more financial flexibility.

Monitor REIT - RESIDENTIAL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

MAA scores higher overall (56/100 vs 49/100), backed by strong 18.2% margins. ESS offers better value entry with a 35.1% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Essex Property Trust Inc

REAL ESTATE · REIT - RESIDENTIAL · USA

Essex Property Trust is a publicly traded real estate investment trust that invests in apartments, primarily on the West Coast of the United States.

Mid-America Apartment Communities Inc

REAL ESTATE · REIT - RESIDENTIAL · USA

Mid-America Apartment Communities (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.

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