Mid-America Apartment Communities Inc. (MAA)

NYSE: MAA · USD

$117

-2.19 (-1.8%)· Recorded snapshot

สำรองภาษาอังกฤษTH

แสดงต้นฉบับภาษาอังกฤษระหว่างที่กำลังแปล

รายงานนี้ยังไม่ได้แปล โปรดรีเฟรชอีกครั้งในไม่กี่นาทีเมื่อคิวการแปลทำงานเสร็จ

StockMarketAgent Research · Analyzed 2026-10-12

Our latest published analysis: MAA rated Hold

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.

Fair value

$112 / share

Potential value

$131 / share

Upside to FV

-3.7%

from $117

Moat

5.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

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

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 2.2B
Net income (ttm): 399.3M
EPS (ttm): $3.42
P/E (trailing): 34.1x
P/E (forward): 33.6x
Market cap: $13.9B

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%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AMT	American Tower Corporation	85.1B	25.8x	7.5x	7.8%	+4.0%	+0.7%	ลดน้ำหนัก
ARE	Alexandria Real Estate Equities Inc.	6.9B	—	2.4x	0.9%	+6.6%	-45.8%	ถือ
CCI	Crown Castle Inc.	37.4B	46.3x	9.1x	5.1%	-7.9%	-6.2%	ขาย
CPT	Camden Property Trust	10.3B	32.3x	6.6x	3.2%	+7.7%	-0.6%	ซื้อ
DLR	Digital Realty Trust, Inc.	68B	86.6x	10.0x	2.4%	+9.3%	+3.7%	ขาย
DOC	Healthpeak Properties, Inc.	13B	53.8x	4.4x	2.5%	+10.5%	+3.0%	ซื้อมาก

Base and Bull scenarios

Base50%

Price target

$111.99

-3.7% from spot

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.

Apartment supply deliveries across Sunbelt submarkets peak and begin to taper.
Same-store revenue growth stabilizes near modest positive levels before expanding.
Operating margins hold steady as centralized property management offsets municipal tax and insurance inflation.
Resident retention remains healthy across established suburban communities.

Bull25%

Price target

$131.09

+12.7% from spot

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.

Corporate relocations and household formation in Sunbelt markets accelerate above historical averages.
New merchant-builder apartment inventory is fully absorbed without prolonged discounting.
Same-store net operating income growth re-accelerates significantly, expanding profit margins.
Market valuation multiples expand toward coastal peer averages.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($111.99). Each row and column shows what Fair value becomes when one assumption moves.

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

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E33.6

P25 n/aP50 n/aP75 n/a

Trailing P/E34.2

P25 n/aP50 n/aP75 n/a

ROE7

P25 n/aP50 n/aP75 n/a

ROIC5.2

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All MAA indicators

Market & fundamental data

Available fields

270

Groups with data

Currency

USD

Showing 270 of 270 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000912595
Company name	Mid-America Apartment Communities, Inc.
Country	United States
Country code	US
CUSIP number	59522J103
Earnings date	2026-10-28
Earnings time	amc
Employees	2,507
Employees change	-25
Employees growth	-0.99%
Enterprise value	$19.5B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1977
In index	SP500
Industry	REIT - Residential
IPO date	1994-01-28
Is primary listing	Yes
Is SPAC	No
ISIN number	US59522J1034
Last 10-K release date	2026-02-06
Last earnings date	2026-10-28
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$13.9B
Market cap category	Large-Cap
Next earnings date	2027-02-03
Options	Yes
Price	$116.57
Price currency	USD
Sector	Real Estate
SIC code	6798
Stock price date	2026-10-28
Symbol	MAA
U.S. state	Tennessee
Website	https://www.maac.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	40.45x
Average P/E ratio (3Y)	32.84x
Average P/E ratio (5Y)	34.18x
Earnings yield	2.93%
EV/Earnings	48.91x
EV/EBIT	32.74x
EV/EBITDA	15.77x
EV/FCF	94.74x
EV/Sales	8.8x
FCF / EV yield	1.06%
FCF yield	1.49%
Forward EV/Sales	8.67x
Forward P/E	37.31x
Forward P/S	6.16x
Graham number	60.04158
Graham upside	-48.49%
Industry forward P/E	43.69x
Industry P/E	39.72x
Lynch fair value	$17.10
Lynch upside	-85.33%
P/(FCF - SBC) ratio	73.55x
P/(OCF - SBC) ratio	13.96x
P/B ratio	2.54x
P/E ratio	34.08x
P/FCF ratio	67.27x
P/FFO ratio	14.13x
P/OCF ratio	13.72x
P/S ratio	6.25x
PEG ratio	33.16x
Price / tangible book value	2.55x
Price/EBITDA ratio	11.2x
Sector forward P/E	30.05x
Sector P/E	41.38x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	26.88%
EBITDA margin	55.8%
Effective tax rate	2.13%
FCF margin	9.29%
Gross margin	58.39%
Operating margin	26.88%
Pretax margin	18.91%
Profit margin	18.17%
Profit per employee	$159,270
Profitable quarters	50
Profitable years	22
Revenue per employee	$885,034
ROA	3.13%
ROA (5Y)	3.33%
ROCE	5.76%
ROE	7.05%
ROE (5Y)	9.02%
ROIC	5.15%
ROIC (5Y)	5.58%
SBC / revenue	0.79%
Tax / revenue	0.4%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-29.52%
EPS growth (Q)	13.68%
EPS growth (QoQ)	-1.63%
EPS growth 10Y	1.46%
EPS growth 3Y	-12.56%
EPS growth 5Y	-0.56%
EPS growth quarters	1
EPS growth years	0
Net income growth	-29.46%
Net income growth (Q)	12.6%
Net income growth (QoQ)	-2.13%
Net income growth 3Y	-12.38%
Net income growth 5Y	-0.17%
Net income growth quarters	1
Net income growth years	0
OCF growth	-8.02%
OCF growth (Q)	-5.81%
OCF growth (QoQ)	122.46%
OCF growth 10Y	7.83%
OCF growth 3Y	-4.18%
OCF growth 5Y	3.98%
Revenue growth	0.85%
Revenue growth (Q)	0.95%
Revenue growth (QoQ)	0.25%
Revenue growth 10Y	7.6%
Revenue growth 3Y	1.64%
Revenue growth 5Y	5.36%
Revenue growth quarters	62
Revenue growth years	23

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-804.5M
Depreciation and amortization	$640.8M
EBIT	$596.5M
EBITDA	$1.2B
EPS	$3.42
FCF per share	$1.73
Financing cash flow	$-286.1M
Free cash flow	$206.1M
Free cash flow minus SBC	$188.5M
Funds from operations (FFO)	$987.2M
Gross profit	$1.3B
Income taxes	$8.9M
Investing cash flow	$-727.6M
Net cash flow	$-3.1M
Net income	$399.3M
Operating cash flow minus SBC	$993.1M
Operating income	$596.5M
Revenue	$2.2B
Stock-based compensation	$17.6M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$46.84
Debt / EBITDA	4.62
Debt / equity	1.02
Debt / FCF	27.73
Interest coverage	2.99
Net cash (debt)	$-5.7B
Net cash / market cap	-40.84%
Net debt / EBITDA	4.57
Net debt / equity	1.01
Net debt / FCF	27.47
Piotroski F-Score	4
Property, plant and equipment	$11.6B
Shareholders' equity	$5.6B
Tangible book value	$5.4B
Tangible book value per share	$46.84
Total assets	$12B
Total cash	$51.8M
Total debt	$5.7B
Total liabilities	$6.4B
WACC	6.86%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.19
Current ratio	0.05
Net working capital	$-650.8M
Quick ratio	0.03
Working capital	$-1.6B

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0.16%
Dividend growth	0.99%
Dividend growth (10Y)	6.44%
Dividend growth (3Y)	3%
Dividend growth (5Y)	8.34%
Dividend growth years	15
Dividend payment date	2026-10-30
Dividend payment years	33
Dividend payout frequency	Quarterly
Dividend per share	$6.12
Dividend yield	5.25%
Ex-dividend date	2026-10-15
FCF payout ratio	353.15%
Last dividend	$1.53
Payout ratio	178.91%
Shareholder yield	5.41%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	29.46%
10Y return CAGR	6.4%
10Y total return	86%
150-day SMA	$128.33
15Y price change	85.82%
15Y return CAGR	8.2%
15Y total return	226.13%
1D price change	-1.84%
1M price change	-1.57%
1M total return	-0.25%
1W price change	-0.74%
1W total return	-0.74%
1Y price change	-12.42%
1Y return CAGR	-8.09%
1Y total return	-8.09%
20-day SMA	$117.02
200-day SMA	$129.27
20Y price change	82.79%
20Y return CAGR	7.36%
20Y total return	313.85%
3M price change	-12.72%
3M total return	-11.54%
3Y price change	-0.92%
3Y return CAGR	4.17%
3Y total return	13.05%
50-day SMA	$121.93
50-day SMA vs 200-day SMA	50under200
52-week high	$144.41
52-week high date	2026-07-07
52-week low	$113.95
52-week low date	2026-10-08
5Y price change	-42.9%
5Y return CAGR	-7.03%
5Y total return	-30.55%
6M price change	-7.1%
6M total return	-4.76%
All-time high	$231.63
All-time high date	2021-12-31
All-time low	$20.75
All-time low date	1994-01-28
Average true range (ATR)	$2.08
Average volume	983.8K
Beta (1Y)	0.09
Beta (2Y)	0.42
Beta (5Y)	0.73
Change from 52-week high	-19.28%
Change from 52-week low	2.3%
Change from all-time high	-49.71%
Change from all-time low	461.4%
Change from open	-0.78%
Day's gap	-1.06%
Dollar volume	$109.3M
High price	$118.26
Low price	$116.25
Monthly RSI	37.58
Open price	$117.49
Position in 52-week range	15.92%
Premarket change	0.63%
Premarket close	$118.75
Premarket price	$119.50
Previous close	$118.75
Price vs 150-day SMA	-9.22%
Price vs 20-day SMA	-0.46%
Price vs 200-day SMA	-9.89%
Price vs 50-day SMA	-4.46%
Relative volume	0.95
RSI	42.02
Sharpe ratio	-0.54
Sharpe ratio (3Y)	-0.02
Sharpe ratio (5Y)	-0.38
Sortino ratio	-0.48
Sortino ratio (3Y)	0.25
Sortino ratio (5Y)	-0.28
Volume	937.9K
Weekly RSI	35.47
YTD price change	-16.14%
YTD total return	-11.99%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	108.9M
Float percentage	91.53%
Shares change (QoQ)	-0.51%
Shares change (YoY)	-0.16%
Shares held by insiders	0.7%
Shares held by institutions	94.24%
Shares outstanding	119M
Short % of float	4.26%
Short % of shares	3.9%
Short ratio	3.9 days

Deeper analysis on MAA

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this MAA report

What is the latest published MAA stock rating?

Mid-America Apartment Communities Inc. is shown with Hold in the latest published report, analyzed 2026-10-12. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full MAA analysis?

The full latest published report, analyzed 2026-10-12, lives at /stocks/MAA/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for MAA?

The latest published report analyzed 2026-10-12 gives MAA a fair value of USD 112 and a potential value of USD 131. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the MAA page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-12). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

HoldMAA · Fair value $112-3.7%

Read full analysis →

Mid-America Apartment Communities Inc. (MAA)

Our latest published analysis: MAA rated Hold

Price

Financial snapshot

Fair-value bridge

Latest news · MAA

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All MAA indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on MAA

Frequently asked questions

ประวัติการจัดอันดับ

Category	Score	Reading
Valuation	4.5
Management	8.5
Balance Sheet	3.0
Profitability	5.5
Revenue Growth	4.5
Risk Assessment	5.5
Competitive Moat	5.5
Earnings Quality	8.0
Capital Efficiency	3.5