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MAA vs WELL
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Healthcare Facilities
MAA vs WELL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Residential | REIT - Healthcare Facilities |
| Market Cap | $15.14B | $150.14B |
| Revenue (TTM) | $2.21B | $11.63B |
| Net Income (TTM) | $403M | $1.43B |
| Gross Margin | 23.9% | 39.1% |
| Operating Margin | 27.4% | 4.4% |
| Forward P/E | 39.0x | 78.9x |
| Total Debt | $5.41B | $21.38B |
| Cash & Equiv. | $60M | $5.03B |
MAA vs WELL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Mid-America Apartme… (MAA) | 100 | 111.9 | +11.9% |
| Welltower Inc. (WELL) | 100 | 422.9 | +322.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MAA vs WELL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
MAA carries the broadest edge in this set and is the clearest fit for income & stability.
- Dividend streak 14 yrs, beta 0.34, yield 4.7%
- Lower P/E (39.0x vs 78.9x)
- 18.2% margin vs WELL's 12.3%
WELL is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 35.8%, EPS growth -11.5%, 3Y rev CAGR 22.7%
- 230.2% 10Y total return vs MAA's 75.2%
- Lower volatility, beta 0.13, Low D/E 49.5%, current ratio 5.34x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 35.8% FFO/revenue growth vs MAA's 0.8% | |
| Value | Lower P/E (39.0x vs 78.9x) | |
| Quality / Margins | 18.2% margin vs WELL's 12.3% | |
| Stability / Safety | Beta 0.13 vs MAA's 0.34, lower leverage | |
| Dividends | 4.7% yield, 14-year raise streak, vs WELL's 1.3% | |
| Momentum (1Y) | +43.9% vs MAA's -17.6% | |
| Efficiency (ROA) | 3.4% ROA vs WELL's 2.3%, ROIC 4.2% vs 0.5% |
MAA vs WELL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
MAA vs WELL — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — MAA and WELL each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
WELL is the larger business by revenue, generating $11.6B annually — 5.3x MAA's $2.2B. MAA is the more profitable business, keeping 18.2% of every revenue dollar as net income compared to WELL's 12.3%. On growth, WELL holds the edge at +40.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $2.2B | $11.6B |
| EBITDAEarnings before interest/tax | $1.2B | $2.8B |
| Net IncomeAfter-tax profit | $403M | $1.4B |
| Free Cash FlowCash after capex | $596M | $2.5B |
| Gross MarginGross profit ÷ Revenue | +23.9% | +39.1% |
| Operating MarginEBIT ÷ Revenue | +27.4% | +4.4% |
| Net MarginNet income ÷ Revenue | +18.2% | +12.3% |
| FCF MarginFCF ÷ Revenue | +26.9% | +21.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | +0.8% | +40.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -31.2% | +22.5% |
Valuation Metrics
MAA leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 34.4x trailing earnings, MAA trades at a 78% valuation discount to WELL's 154.2x P/E. On an enterprise value basis, MAA's 16.5x EV/EBITDA is more attractive than WELL's 66.8x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $15.1B | $150.1B |
| Enterprise ValueMkt cap + debt − cash | $20.5B | $166.5B |
| Trailing P/EPrice ÷ TTM EPS | 34.43x | 154.17x |
| Forward P/EPrice ÷ next-FY EPS est. | 38.97x | 78.89x |
| PEG RatioP/E ÷ EPS growth rate | 2.99x | — |
| EV / EBITDAEnterprise value multiple | 16.50x | 66.76x |
| Price / SalesMarket cap ÷ Revenue | 6.86x | 14.08x |
| Price / BookPrice ÷ Book value/share | 2.61x | 3.37x |
| Price / FCFMarket cap ÷ FCF | 21.09x | 52.72x |
Profitability & Efficiency
MAA leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
MAA delivers a 6.8% return on equity — every $100 of shareholder capital generates $7 in annual profit, vs $3 for WELL. WELL carries lower financial leverage with a 0.49x debt-to-equity ratio, signaling a more conservative balance sheet compared to MAA's 0.93x. On the Piotroski fundamental quality scale (0–9), WELL scores 7/9 vs MAA's 4/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +6.8% | +3.5% |
| ROA (TTM)Return on assets | +3.4% | +2.3% |
| ROICReturn on invested capital | +4.2% | +0.5% |
| ROCEReturn on capital employed | +5.6% | +0.6% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 7 |
| Debt / EquityFinancial leverage | 0.93x | 0.49x |
| Net DebtTotal debt minus cash | $5.3B | $16.3B |
| Cash & Equiv.Liquid assets | $60M | $5.0B |
| Total DebtShort + long-term debt | $5.4B | $21.4B |
| Interest CoverageEBIT ÷ Interest expense | 3.76x | 0.26x |
Total Returns (Dividends Reinvested)
WELL leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in WELL five years ago would be worth $31,264 today (with dividends reinvested), compared to $10,311 for MAA. Over the past 12 months, WELL leads with a +43.9% total return vs MAA's -17.6%. The 3-year compound annual growth rate (CAGR) favors WELL at 41.3% vs MAA's -1.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -4.2% | +15.0% |
| 1-Year ReturnPast 12 months | -17.6% | +43.9% |
| 3-Year ReturnCumulative with dividends | -2.9% | +182.2% |
| 5-Year ReturnCumulative with dividends | +3.1% | +212.6% |
| 10-Year ReturnCumulative with dividends | +75.2% | +230.2% |
| CAGR (3Y)Annualised 3-year return | -1.0% | +41.3% |
Risk & Volatility
WELL leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
WELL is the less volatile stock with a 0.13 beta — it tends to amplify market swings less than MAA's 0.34 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. WELL currently trades 97.6% from its 52-week high vs MAA's 77.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.34x | 0.13x |
| 52-Week HighHighest price in past year | $167.74 | $219.59 |
| 52-Week LowLowest price in past year | $120.30 | $142.65 |
| % of 52W HighCurrent price vs 52-week peak | +77.6% | +97.6% |
| RSI (14)Momentum oscillator 0–100 | 56.0 | 62.6 |
| Avg Volume (50D)Average daily shares traded | 859K | 2.6M |
Analyst Outlook
MAA leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates MAA as "Buy" and WELL as "Buy". Consensus price targets imply 10.4% upside for MAA (target: $144) vs 5.7% for WELL (target: $227). For income investors, MAA offers the higher dividend yield at 4.65% vs WELL's 1.29%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $143.71 | $226.50 |
| # AnalystsCovering analysts | 37 | 34 |
| Dividend YieldAnnual dividend ÷ price | +4.7% | +1.3% |
| Dividend StreakConsecutive years of raises | 14 | 2 |
| Dividend / ShareAnnual DPS | $6.05 | $2.76 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.2% | 0.0% |
MAA leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). WELL leads in 2 (Total Returns, Risk & Volatility). 1 tied.
MAA vs WELL: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is MAA or WELL a better buy right now?
For growth investors, Welltower Inc.
(WELL) is the stronger pick with 35. 8% revenue growth year-over-year, versus 0. 8% for Mid-America Apartment Communities, Inc. (MAA). Mid-America Apartment Communities, Inc. (MAA) offers the better valuation at 34. 4x trailing P/E (39. 0x forward), making it the more compelling value choice. Analysts rate Mid-America Apartment Communities, Inc. (MAA) a "Buy" — based on 37 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — MAA or WELL?
On trailing P/E, Mid-America Apartment Communities, Inc.
(MAA) is the cheapest at 34. 4x versus Welltower Inc. at 154. 2x. On forward P/E, Mid-America Apartment Communities, Inc. is actually cheaper at 39. 0x.
03Which is the better long-term investment — MAA or WELL?
Over the past 5 years, Welltower Inc.
(WELL) delivered a total return of +212. 6%, compared to +3. 1% for Mid-America Apartment Communities, Inc. (MAA). Over 10 years, the gap is even starker: WELL returned +230. 2% versus MAA's +75. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — MAA or WELL?
By beta (market sensitivity over 5 years), Welltower Inc.
(WELL) is the lower-risk stock at 0. 13β versus Mid-America Apartment Communities, Inc. 's 0. 34β — meaning MAA is approximately 152% more volatile than WELL relative to the S&P 500. On balance sheet safety, Welltower Inc. (WELL) carries a lower debt/equity ratio of 49% versus 93% for Mid-America Apartment Communities, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — MAA or WELL?
By revenue growth (latest reported year), Welltower Inc.
(WELL) is pulling ahead at 35. 8% versus 0. 8% for Mid-America Apartment Communities, Inc. (MAA). On earnings-per-share growth, the picture is similar: Welltower Inc. grew EPS -11. 5% year-over-year, compared to -15. 8% for Mid-America Apartment Communities, Inc.. Over a 3-year CAGR, WELL leads at 22. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — MAA or WELL?
Mid-America Apartment Communities, Inc.
(MAA) is the more profitable company, earning 20. 2% net margin versus 8. 8% for Welltower Inc. — meaning it keeps 20. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MAA leads at 28. 0% versus 3. 3% for WELL. At the gross margin level — before operating expenses — WELL leads at 39. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is MAA or WELL more undervalued right now?
On forward earnings alone, Mid-America Apartment Communities, Inc.
(MAA) trades at 39. 0x forward P/E versus 78. 9x for Welltower Inc. — 39. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MAA: 10. 4% to $143. 71.
08Which pays a better dividend — MAA or WELL?
All stocks in this comparison pay dividends.
Mid-America Apartment Communities, Inc. (MAA) offers the highest yield at 4. 7%, versus 1. 3% for Welltower Inc. (WELL).
09Is MAA or WELL better for a retirement portfolio?
For long-horizon retirement investors, Welltower Inc.
(WELL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 13), 1. 3% yield, +230. 2% 10Y return). Both have compounded well over 10 years (WELL: +230. 2%, MAA: +75. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between MAA and WELL?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: MAA is a mid-cap income-oriented stock; WELL is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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