MAA Stock Analysis: Mid-America Apartment | NYSE
REIT - Residential | NYSE, USA | Market Cap: 16.092m USD | 12M Return: -6.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 141M
EPS Trend: -59.1%
Qual. Beats: 1
Rev. Trend: 95.8%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Mid-America Apartment Communities, Inc. (MAA) is a self-administered, S&P 500-listed real estate investment trust (REIT) that owns or holds ownership interests in apartment communities concentrated in the Southeast, Southwest, and Mid-Atlantic regions of the United States. The company is headquartered in Germantown, Tennessee, was incorporated in 1977, and has been publicly traded since its 1994 IPO. MAA operates as a large-cap multi-family residential REIT, with its strategy centered on generating strong, full-cycle investment performance through the ownership and operation of rental apartment properties.
As a REIT, MAA is structured to benefit from a federal tax framework that generally exempts it from corporate income tax on earnings distributed to shareholders, in exchange for distributing the majority of its taxable income as dividends. Multi-family residential REITs like MAA generate revenue primarily through rental income on their owned apartment communities, with operating performance closely tied to occupancy rates, rental pricing power, and regional demand-supply dynamics in their target Sun Belt markets.
- Sun Belt population migration drives apartment demand and occupancy
- Rising interest rates pressure borrowing costs and cap rate expansion
- New apartment supply in Sun Belt markets pressures same-store rental growth
| Net Income: 389.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -1.28 > 1.0 |
| NWC/Revenue: -75.52% < 20% (prev -38.81%; Δ -36.72% < -1%) |
| CFO/TA 0.09 > 3% & CFO 1.03b > Net Income 389.6m |
| Net Debt (5.62b) to EBITDA (1.23b): 4.57 < 3 |
| Current Ratio: 0.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (116.5m) vs 12m ago -0.55% < -2% |
| Gross Margin: 39.58% > 18% (prev 32.12%; Δ 7.47% > 0.5%) |
| Asset Turnover: 18.60% > 50% (prev 18.60%; Δ -0.00% > 0%) |
| Interest Coverage Ratio: 3.12 > 6 (EBIT TTM 596.6m / Interest Expense TTM 191.5m) |
| A: -0.14 (Total Current Assets 84.9m - Total Current Liabilities 1.76b) / Total Assets 12.0b |
| B: -0.15 (Retained Earnings -1.79b / Total Assets 12.0b) |
| C: 0.05 (EBIT TTM 596.6m / Avg Total Assets 11.9b) |
| D: 0.88 (Book Value of Equity 5.56b / Total Liabilities 6.29b) |
| Altman-Z'' = -0.13 = B |
As of July 21, 2026, the stock is trading at USD 133.71 with a total of 1,451,064 shares traded. Over the past week, the price has changed by -0.47%, over one month by +2.37%, over three months by +4.47% and over the past year by -6.64%.
Current recommended Stop Loss: 129.00 (which is 3.5% or 1.7 ATR below the current price).
Mid-America Apartment has received a consensus analysts rating of 3.69. Therefore, it is recommended to hold MAA.
- StrongBuy: 8
- Buy: 6
- Hold: 10
- Sell: 0
- StrongSell: 2
| Analysts Target Price | 142.6 | 6.7% |
P/E Trailing = 40.0178
P/E Forward = 33.8983
P/S = 7.2699
P/B = 2.7589
P/EG = 7.0257
Revenue TTM = 2.21b USD
EBIT TTM = 596.6m USD
EBITDA TTM = 1.23b USD
Long Term Debt = 4.93b USD (from longTermDebt, last quarter)
Short Term Debt = 1.76b USD (from shortTermDebt, last quarter)
Debt = 5.70b USD (from shortLongTermDebtTotal, last quarter) + Leases 24.3m
Net Debt = 5.62b USD (calculated: Debt 5.70b - CCE 84.9m)
Enterprise Value = 21.7b USD (16.1b + Debt 5.70b - CCE 84.9m)
Interest Coverage Ratio = 3.12 (Ebit TTM 596.6m / Interest Expense TTM 191.5m)
EV/FCF = 35.60x (Enterprise Value 21.7b / FCF TTM 610.0m)
FCF Yield = 2.81% (FCF TTM 610.0m / Enterprise Value 21.7b)
FCF Margin = 27.56% (FCF TTM 610.0m / Revenue TTM 2.21b)
Net Margin = 17.60% (Net Income TTM 389.6m / Revenue TTM 2.21b)
Gross Margin = 39.58% ((Revenue TTM 2.21b - Cost of Revenue TTM 1.34b) / Revenue TTM)
Gross Margin QoQ = 62.87% (prev 36.07%)
Tobins Q-Ratio = 1.81 (Enterprise Value 21.7b / Total Assets 12.0b)
Interest Expense / Debt = 3.36% (Interest Expense 191.5m / Debt 5.70b)
Taxrate = 2.24% (9.08m / 405.1m)
NOPAT = 583.2m (EBIT 596.6m * (1 - 2.24%))
Current Ratio = 0.05 (Total Current Assets 84.9m / Total Current Liabilities 1.76b)
Debt / Equity = 1.03 (Debt 5.70b / totalStockholderEquity, last quarter 5.56b)
Debt / EBITDA = 4.57 (Net Debt 5.62b / EBITDA 1.23b)
Debt / FCF = 9.21 (Net Debt 5.62b / FCF TTM 610.0m)
Total Stockholder Equity = 5.75b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.27% (Net Income 389.6m / Total Assets 12.0b)
RoE = 6.78% (Net Income TTM 389.6m / Total Stockholder Equity 5.75b)
RoCE = 5.59% (EBIT 596.6m / Capital Employed (Equity 5.75b + L.T.Debt 4.93b))
RoIC = 4.90% (NOPAT 583.2m / Invested Capital 11.9b)
WACC = 4.99% (E(16.1b)/V(21.8b) * Re(5.60%) + D(5.70b)/V(21.8b) * Rd(3.36%) * (1-Tc(0.02)))
Discount Rate = 5.60% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 23.14 | Cagr: -0.11%
[DCF] Terminal Value 73.10% ; FCFF base≈666.7m ; Y1≈584.6m ; Y5≈472.4m
[DCF] Fair Price = 16.86 (EV 7.58b - Net Debt 5.62b = Equity 1.96b / Shares 116.4m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -59.07 | EPS CAGR: -6.65% | SUE: 0.90 | # QB: 1
Revenue Correlation: 95.77 | Revenue CAGR: 1.58% | SUE: -0.93 | # QB: -1
EPS current Quarter (2026-06-30): EPS=0.79 | Chg30d=-4.04% | Revisions=-50% | Analysts=6
EPS next Quarter (2026-09-30): EPS=0.83 | Chg30d=-2.08% | Revisions=+0% | Analysts=6
EPS current Year (2026-12-31): EPS=3.40 | Chg30d=+0.25% | Revisions=+0% | GrowthEPS=-10.1% | GrowthRev=+1.3%
EPS next Year (2027-12-31): EPS=3.16 | Chg30d=-0.02% | Revisions=-29% | GrowthEPS=-6.9% | GrowthRev=+3.1%
[Analyst] Revisions Ratio: -50% (up=1, down=6)