WallStSmart

Equity Lifestyle Properties Inc (ELS)vsMid-America Apartment Communities Inc (MAA)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Mid-America Apartment Communities Inc generates 44% more annual revenue ($2.21B vs $1.54B). ELS leads profitability with a 25.1% profit margin vs 20.2%. ELS appears more attractively valued with a PEG of 0.90. ELS earns a higher WallStSmart Score of 62/100 (C+).

ELS

Buy

62

out of 100

Grade: C+

Growth: 6.0Profit: 8.5Value: 7.3Quality: 4.0
Piotroski: 3/9

MAA

Buy

52

out of 100

Grade: C-

Growth: 5.3Profit: 7.0Value: 4.7Quality: 3.3
Piotroski: 2/9Altman Z: 0.78
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ELSSignificantly Overvalued (-175.3%)

Margin of Safety

-175.3%

Fair Value

$23.96

Current Price

$63.14

$39.18 premium

UndervaluedFair: $23.96Overvalued
MAASignificantly Overvalued (-429.3%)

Margin of Safety

-429.3%

Fair Value

$25.70

Current Price

$122.38

$96.68 premium

UndervaluedFair: $25.70Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ELS5 strengths · Avg: 9.2/10
Operating MarginProfitability
36.1%10/10

Strong operational efficiency at 36.1%

Revenue GrowthGrowth
50.0%10/10

Revenue surging 50.0% year-over-year

Return on EquityProfitability
22.1%9/10

Every $100 of equity generates 22 in profit

Profit MarginProfitability
25.1%9/10

Keeps 25 of every $100 in revenue as profit

PEG RatioValuation
0.908/10

Growing faster than its price suggests

MAA4 strengths · Avg: 8.8/10
Revenue GrowthGrowth
100.0%10/10

Revenue surging 100.0% year-over-year

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

ELS4 concerns · Avg: 3.3/10
P/E RatioValuation
31.9x4/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
3.2%4/10

3.2% earnings growth

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Free Cash FlowQuality
$-137.63M2/10

Negative free cash flow — burning cash

MAA4 concerns · Avg: 3.0/10
P/E RatioValuation
32.2x4/10

Premium valuation, high expectations priced in

Return on EquityProfitability
7.7%3/10

ROE of 7.7% — below average capital efficiency

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
7.032/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : ELS

The strongest argument for ELS centers on Operating Margin, Revenue Growth, Return on Equity. Profitability is solid with margins at 25.1% and operating margin at 36.1%. Revenue growth of 50.0% demonstrates continued momentum.

Bull Case : MAA

The strongest argument for MAA centers on Revenue Growth, Profit Margin, Price/Book. Profitability is solid with margins at 20.2% and operating margin at 28.4%. Revenue growth of 100.0% demonstrates continued momentum.

Bear Case : ELS

The primary concerns for ELS are P/E Ratio, EPS Growth, Piotroski F-Score.

Bear Case : MAA

The primary concerns for MAA are P/E Ratio, Return on Equity, Piotroski F-Score.

Key Dynamics to Monitor

MAA carries more volatility with a beta of 0.77 — expect wider price swings.

MAA is growing revenue faster at 100.0% — 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

ELS scores higher overall (62/100 vs 52/100), backed by strong 25.1% margins and 50.0% revenue growth. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

Equity Lifestyle Properties Inc

REAL ESTATE · REIT - RESIDENTIAL · USA

We are a self-managed and self-managed real estate investment trust (?

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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