Overview Dividends

(MAA) Mid-America Apartment - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US59522J1034

Apartment, Leasing, Management, Development, Redevelopment

Multi-Family Residential REITs
Market Cap in USD: 16,700m

IPO / Inception: 1994-01-28
Return 12m vs S&P 500: -18.2%

EPS (Earnings per Share)

EPS CAGR: -13.90%
EPS Trend: -35.5%

Last SUE: 0.00
Qual. Beats: 0

Revenue

Rev. CAGR: 4.89%
Rev. Trend: 85.9%

Last SUE: -0.59
Qual. Beats: 0

Dividends

Dividend Yield	5.49%
Yield on Cost 5y	7.26%
Yield CAGR 5y	4.09%
Payout Consistency	98.4%
Payout Ratio	129.3%

Risk via 5d forecast
Volatility	19.4%
Value at Risk 5%th	31.5%
Relative Tail Risk	-1.00%

Reward TTM
Sharpe Ratio	-0.46
Alpha	-16.23
CAGR/Max DD	0.01

Character TTM
Hurst Exponent	0.509
Beta	0.416
Beta Downside	0.509

Drawdowns 3y
Max DD	30.73%
Mean DD	13.67%
Median DD	14.06%

Description: MAA Mid-America Apartment January 03, 2026

Mid-America Apartment Communities (MAA) is an S&P 500 REIT that owns, manages, acquires, develops, and redevelops multifamily properties mainly in the Southeast, Southwest, and Mid-Atlantic U.S., with a portfolio of 104,665 apartment units across 16 states and D.C. as of September 30 2025.

Key metrics: FY 2024 adjusted FFO grew 9% YoY to $1.08 billion, occupancy averaged 95.2% (above the 93% industry median), and average rent growth outpaced inflation by ~2.5 percentage points in the core markets. The company benefits from strong demographic tailwinds-particularly the influx of Millennials and Gen Z renters into Sun Belt metros-and a relatively low-cost capital environment, though rising interest rates could pressure debt refinancing.

For a deeper dive into MAA’s valuation nuances and scenario analysis, you might find ValueRay’s research tools useful.

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (556.0m TTM) > 0 and > 6% of Revenue (6% = 132.2m TTM)

FCFTA 0.06 (>2.0%) and ΔFCFTA 0.78pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -51.37% (prev -52.06%; Δ 0.69pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.09 (>3.0%) and CFO 1.06b > Net Income 556.0m (YES >=105%, WARN >=100%)

Net Debt (5.17b) to EBITDA (1.37b) ratio: 3.77 <= 3.0 (WARN <= 3.5)

Current Ratio 0.04 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (117.2m) change vs 12m ago 0.29% (target <= -2.0% for YES)

Gross Margin 30.82% (prev 33.38%; Δ -2.56pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 18.61% (prev 18.57%; Δ 0.04pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.18 (EBITDA TTM 1.37b / Interest Expense TTM 180.7m) >= 6 (WARN >= 3)

Altman Z'' -0.92

(A) -0.09 = (Total Current Assets 45.9m - Total Current Liabilities 1.18b) / Total Assets 11.93b

(B) -0.14 = Retained Earnings (Balance) -1.61b / Total Assets 11.93b

(D) -0.27 = Book Value of Equity -1.60b / Total Liabilities 5.91b

Total Rating: -0.92 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 63.22

1. Piotroski 3.0pt

2. FCF Yield 3.26%

3. FCF Margin 32.31%

4. Debt/Equity 0.89

5. Debt/Ebitda 3.77

6. ROIC - WACC (= 0.79)%

7. RoE 9.39%

8. Rev. Trend 85.86%

9. EPS Trend -35.47%

What is the price of MAA shares?

As of January 08, 2026, the stock is trading at USD 138.17 with a total of 1,036,057 shares traded.
Over the past week, the price has changed by -1.24%, over one month by +5.47%, over three months by +2.76% and over the past year by -3.87%.

Is MAA a buy, sell or hold?

Mid-America Apartment has received a consensus analysts rating of 3.69. Therefor, it is recommend to hold MAA.

Strong Buy: 8
Buy: 6
Hold: 10
Sell: 0
Strong Sell: 2

What are the forecasts/targets for the MAA price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	147.6	6.8%
Analysts Target Price	147.6	6.8%
ValueRay Target Price	145.2	5.1%

MAA Fundamental Data Overview January 05, 2026

Market Cap USD = 16.70b (16.70b USD * 1.0 USD.USD)
P/E Trailing = 29.4767
P/E Forward = 36.7647
P/S = 7.5792
P/B = 2.79
P/EG = 10.19
Beta = 0.77
Revenue TTM = 2.20b USD
EBIT TTM = 754.8m USD
EBITDA TTM = 1.37b USD
Long Term Debt = 4.73b USD (from longTermDebt, last quarter)
Short Term Debt = 463.0m USD (from shortTermDebt, last quarter)
Debt = 5.20b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.17b USD (from netDebt column, last quarter)
Enterprise Value = 21.87b USD (16.70b + Debt 5.20b - CCE 32.2m)
Interest Coverage Ratio = 4.18 (Ebit TTM 754.8m / Interest Expense TTM 180.7m)
FCF Yield = 3.26% (FCF TTM 712.0m / Enterprise Value 21.87b)
FCF Margin = 32.31% (FCF TTM 712.0m / Revenue TTM 2.20b)
Net Margin = 25.23% (Net Income TTM 556.0m / Revenue TTM 2.20b)
Gross Margin = 30.82% ((Revenue TTM 2.20b - Cost of Revenue TTM 1.52b) / Revenue TTM)
Gross Margin QoQ = 29.49% (prev 29.86%)
Tobins Q-Ratio = 1.83 (Enterprise Value 21.87b / Total Assets 11.93b)
Interest Expense / Debt = 0.89% (Interest Expense 46.3m / Debt 5.20b)
Taxrate = 1.70% (1.77m / 103.8m)
NOPAT = 741.9m (EBIT 754.8m * (1 - 1.70%))
Current Ratio = 0.04 (Total Current Assets 45.9m / Total Current Liabilities 1.18b)
Debt / Equity = 0.89 (Debt 5.20b / totalStockholderEquity, last quarter 5.84b)
Debt / EBITDA = 3.77 (Net Debt 5.17b / EBITDA 1.37b)
Debt / FCF = 7.25 (Net Debt 5.17b / FCF TTM 712.0m)
Total Stockholder Equity = 5.92b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.66% (Net Income 556.0m / Total Assets 11.93b)
RoE = 9.39% (Net Income TTM 556.0m / Total Stockholder Equity 5.92b)
RoCE = 7.08% (EBIT 754.8m / Capital Employed (Equity 5.92b + L.T.Debt 4.73b))
RoIC = 6.75% (NOPAT 741.9m / Invested Capital 10.99b)
WACC = 5.97% (E(16.70b)/V(21.90b) * Re(7.55%) + D(5.20b)/V(21.90b) * Rd(0.89%) * (1-Tc(0.02)))
Discount Rate = 7.55% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 0.18%
[DCF Debug] Terminal Value 77.43% ; FCFE base≈671.1m ; Y1≈634.3m ; Y5≈601.2m
Fair Price DCF = 91.83 (DCF Value 10.75b / Shares Outstanding 117.1m; 5y FCF grow -7.10% → 3.0% )
EPS Correlation: -35.47 | EPS CAGR: -13.90% | SUE: 0.0 | # QB: 0
Revenue Correlation: 85.86 | Revenue CAGR: 4.89% | SUE: -0.59 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.85 | Chg30d=-0.040 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=3.46 | Chg30d=-0.200 | Revisions Net=-1 | Growth EPS=-15.8% | Growth Revenue=+2.4%

Additional Sources for MAA Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle