WallStSmart

Independence Realty Trust Inc (IRT)vsMid-America Apartment Communities Inc (MAA)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Mid-America Apartment Communities Inc generates 233% more annual revenue ($2.21B vs $662.92M). MAA leads profitability with a 20.2% profit margin vs 3.4%. IRT appears more attractively valued with a PEG of 4.57. MAA earns a higher WallStSmart Score of 52/100 (C-).

IRT

Hold

47

out of 100

Grade: D+

Growth: 4.0Profit: 5.0Value: 2.0Quality: 6.0
Piotroski: 3/9

MAA

Buy

52

out of 100

Grade: C-

Growth: 3.3Profit: 7.0Value: 4.7Quality: 3.3
Piotroski: 2/9Altman Z: 0.78
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

IRTSignificantly Overvalued (-2657.4%)

Margin of Safety

-2657.4%

Fair Value

$0.61

Current Price

$15.01

$14.40 premium

UndervaluedFair: $0.61Overvalued
MAASignificantly Overvalued (-429.3%)

Margin of Safety

-429.3%

Fair Value

$25.70

Current Price

$121.64

$95.94 premium

UndervaluedFair: $25.70Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

IRT2 strengths · Avg: 9.0/10
Price/BookValuation
1.0x10/10

Reasonable price relative to book value

Operating MarginProfitability
23.0%8/10

Strong operational efficiency at 23.0%

MAA3 strengths · Avg: 8.3/10
Profit MarginProfitability
20.2%9/10

Keeps 20 of every $100 in revenue as profit

Price/BookValuation
2.5x8/10

Reasonable price relative to book value

Operating MarginProfitability
28.4%8/10

Strong operational efficiency at 28.4%

Areas to Watch

IRT4 concerns · Avg: 2.8/10
Return on EquityProfitability
0.6%3/10

ROE of 0.6% — below average capital efficiency

Profit MarginProfitability
3.4%3/10

3.4% margin — thin

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
4.572/10

Expensive relative to growth rate

MAA4 concerns · Avg: 3.5/10
P/E RatioValuation
32.2x4/10

Premium valuation, high expectations priced in

Revenue GrowthGrowth
1.0%4/10

1.0% revenue growth

Return on EquityProfitability
7.6%3/10

ROE of 7.6% — below average capital efficiency

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

Bull Case : IRT

The strongest argument for IRT centers on Price/Book, Operating Margin. Revenue growth of 11.0% demonstrates continued momentum.

Bull Case : MAA

The strongest argument for MAA centers on Profit Margin, Price/Book, Operating Margin. Profitability is solid with margins at 20.2% and operating margin at 28.4%.

Bear Case : IRT

The primary concerns for IRT are Return on Equity, Profit Margin, Piotroski F-Score. A P/E of 182.9x leaves little room for execution misses. Thin 3.4% margins leave little buffer for downturns.

Bear Case : MAA

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

Key Dynamics to Monitor

IRT carries more volatility with a beta of 1.02 — expect wider price swings.

IRT is growing revenue faster at 11.0% — sustainability is the question.

MAA generates stronger free cash flow (159M), providing more financial flexibility.

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

Bottom Line

MAA scores higher overall (52/100 vs 47/100), backed by strong 20.2% margins. 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.

Independence Realty Trust Inc

REAL ESTATE · REIT - RESIDENTIAL · USA

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multi-family apartment properties in non-entry US markets, including Atlanta, Louisville, Memphis and Raleigh.

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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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