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Mid-America Apartment Communities Inc.'s published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $13.9B | |
|---|---|---|
| Revenue (ttm) | 2.2B | |
| Net income (ttm) | 399.3M | |
| EPS (ttm) | $3.42 | |
| Shares out | 119M | |
| P/E (trailing) | 34.1x | |
| P/E (forward) | 33.6x | |
| Dividend | $6.12 (5.25%) | |
| Volume | 937,879 | |
| Beta | 0.73 |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $1.78B | $2.02B | $2.15B | $2.19B | $2.21B | +5.6% |
| Gross profit | $517.8M | $687.7M | $747.5M | $713.3M | $703.1M | +7.9% |
| Operating income | $720.0M | $801.7M | $720.1M | $713.4M | $696.0M | -0.8% |
| Net income | $533.8M | $637.4M | $552.8M | $527.5M | $446.9M | -4.3% |
| EPS (diluted) | $4.61 | $5.48 | $4.71 | $4.49 | $3.78 | -4.8% |
| EBITDA | $1.25B | $1.35B | $1.29B | $1.30B | $1.32B | +1.3% |
| R&D | $0 | $0 | $0 | — | — | -8.1% |
| SG&A | $52.9M | $58.8M | $58.6M | $56.5M | $54.8M | +0.9% |
Recent company headlines from major financial publishers.
The base scenario projects that new apartment completions gradually peak, allowing same-store revenue growth to trough before accelerating into subsequent fiscal periods. Valuation converges to $111.99, representing an expected return of -3.7% with an assigned probability of 50.0%. This modal path assumes disciplined cost management and steady resident retention.
The bull scenario envisions rapid demographic absorption of multifamily units in premier Sunbelt employment centers, enabling property managers to eliminate lease concessions and expand effective rental rates. This pathway yields a valuation target of $131.09, offering an implied return of 12.7% at a probability of 25.0%. Accelerating net operating income growth would drive multiple expansion toward coastal peer levels.
| Ke ↓ / g → | 2.0% | 2.3% | 2.5% | 2.8% | 3.0% |
|---|---|---|---|---|---|
| 7.2% | $133 | $135 | $137 | $139 | $141 |
| 7.7% | $123 | $124 | $126 | $128 | $129 |
| 8.2% | $110 | $111 | $112 | $113 | $115 |
| 8.7% | $108 | $109 | $110 | $111 | $112 |
| 9.2% | $102 | $102 | $103 | $104 | $105 |
Upcoming earnings date and setup when available.
The rating each month's published research edition carried. A rating compares the price at analysis with the Fair value; it is not a record of whether the call was right.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
