MAA Stock Analysis: Mid-America Apartment | NYSE
REIT - Residential | NYSE, USA | Market Cap: 13.832m USD | 12M Return: -7.8% | US59522J1034 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 138M
EPS Trend: -30.3%
Qual. Beats: 0
Rev. Trend: 96.6%
Qual. Beats: -2
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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. (NYSE: MAA) is an S&P 500-listed real estate investment trust (REIT) that owns, manages, acquires, develops, and redevelops apartment communities primarily in the Southeast, Southwest, and Mid-Atlantic regions of the United States. The company was incorporated in 1977 in Tennessee and is headquartered in Germantown, Tennessee, having gone public on January 28, 1994.
As of June 30, 2026, MAA held ownership interests in apartment units spanning 16 states and the District of Columbia, including communities still under development. The company is classified within the Multi-Family Residential REITs sub-industry and carries a large-cap market capitalization.
As a REIT, MAA is generally required to distribute the bulk of its taxable income to shareholders in the form of dividends in exchange for a pass-through tax structure, a defining feature of the asset class. The multi-family residential REIT model is centered on generating rental income from owned apartment portfolios, with portfolio scale and geographic diversification serving as key drivers of operating performance.
- Sun Belt apartment demand drives occupancy and rent growth
- High interest rates pressure FFO and cap rate spreads
- Competitive supply in Mid-Atlantic limits pricing power
| Net Income: 403.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -1.65 > 1.0 |
| NWC/Revenue: -28.67% < 20% (prev -11.22%; Δ -17.45% < -1%) |
| CFO/TA 0.08 > 3% & CFO 1.01b > Net Income 403.2m |
| Net Debt (5.66b) to EBITDA (1.26b): 4.49 < 3 |
| Current Ratio: 0.09 > 1.5 & < 3 |
| Outstanding Shares: last quarter (116.1m) vs 12m ago -0.87% < -2% |
| Gross Margin: 47.25% > 18% (prev 31.42%; Δ 15.83% > 0.5%) |
| Asset Turnover: 18.62% > 50% (prev 18.59%; Δ 0.03% > 0%) |
| Interest Coverage Ratio: 3.10 > 6 (EBIT TTM 618.6m / Interest Expense TTM 199.5m) |
| A: -0.05 (Total Current Assets 65.0m - Total Current Liabilities 701.2m) / Total Assets 12.0b |
| B: -0.15 (Retained Earnings -1.85b / Total Assets 12.0b) |
| C: 0.05 (EBIT TTM 618.6m / Avg Total Assets 11.9b) |
| D: 0.85 (Book Value of Equity 5.43b / Total Liabilities 6.39b) |
| Altman-Z'' = 0.39 = B |
As of October 19, 2026, the stock is trading at USD 116.63 with a total of 943,059 shares traded. Over the past week, the price has changed by +1.14%, over one month by -2.46%, over three months by -11.11% and over the past year by -7.76%.
Current recommended Stop Loss: 113.70 (which is 2.5% or 1.4 ATR below the current price).
Mid-America Apartment has received a consensus analysts rating of 3.46. Therefore, it is recommended to hold MAA.
- StrongBuy: 7
- Buy: 2
- Hold: 14
- Sell: 2
- StrongSell: 1
| Analysts Target Price | 138.6 | 18.8% |
P/E Trailing = 33.9971
P/E Forward = 33.557
P/S = 6.234
P/B = 2.506
P/EG = 7.0257
Revenue TTM = 2.22b USD
EBIT TTM = 618.6m USD
EBITDA TTM = 1.26b USD
Long Term Debt = 5.03b USD (from longTermDebt, last quarter)
Short Term Debt = 664.0m USD (from shortLongTermDebt, last quarter)
Debt = 5.72b USD (from shortLongTermDebtTotal, last quarter) + Leases 24.3m
Net Debt = 5.66b USD (calculated: Debt 5.72b - CCE 51.8m)
Enterprise Value = 19.5b USD (13.8b + Debt 5.72b - CCE 51.8m)
Interest Coverage Ratio = 3.10 (Ebit TTM 618.6m / Interest Expense TTM 199.5m)
EV/FCF = 34.24x (Enterprise Value 19.5b / FCF TTM 569.4m)
FCF Yield = 2.92% (FCF TTM 569.4m / Enterprise Value 19.5b)
FCF Margin = 25.66% (FCF TTM 569.4m / Revenue TTM 2.22b)
Net Margin = 18.17% (Net Income TTM 403.2m / Revenue TTM 2.22b)
Gross Margin = 47.25% ((Revenue TTM 2.22b - Cost of Revenue TTM 1.17b) / Revenue TTM)
Gross Margin QoQ = 60.60% (prev 62.87%)
Tobins Q-Ratio = 1.63 (Enterprise Value 19.5b / Total Assets 12.0b)
Interest Expense / Debt = 3.49% (Interest Expense 199.5m / Debt 5.72b)
Taxrate = 2.13% (8.93m / 419.1m)
NOPAT = 605.4m (EBIT 618.6m * (1 - 2.13%))
Current Ratio = 0.09 (Total Current Assets 65.0m / Total Current Liabilities 701.2m)
Debt / Equity = 1.05 (Debt 5.72b / totalStockholderEquity, last quarter 5.43b)
Debt / EBITDA = 4.49 (Net Debt 5.66b / EBITDA 1.26b)
Debt / FCF = 9.95 (Net Debt 5.66b / FCF TTM 569.4m)
Total Stockholder Equity = 5.63b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.38% (Net Income 403.2m / Total Assets 12.0b)
RoE = 7.16% (Net Income TTM 403.2m / Total Stockholder Equity 5.63b)
RoCE = 5.81% (EBIT 618.6m / Capital Employed (Equity 5.63b + L.T.Debt 5.03b))
RoIC = 5.08% (NOPAT 605.4m / Invested Capital 11.9b)
WACC = 4.93% (E(13.8b)/V(19.5b) * Re(5.55%) + D(5.72b)/V(19.5b) * Rd(3.49%) * (1-Tc(0.02)))
Discount Rate = 5.55% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -31.46 | Cagr: -0.24%
[DCF] Terminal Value 73.10% ; FCFF base≈644.2m ; Y1≈565.0m ; Y5≈456.5m
[DCF] Fair Price = 14.33 (EV 7.33b - Net Debt 5.66b = Equity 1.66b / Shares 116.0m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -30.26 | EPS CAGR: -3.23% | SUE: 0.0 | # QB: 0
Revenue Correlation: 96.62 | Revenue CAGR: 1.32% | SUE: -0.97 | # QB: -2
EPS current Quarter (2026-09-30): EPS=0.79 | Chg30d=+1.33% | Revisions=-25% | Analysts=6
EPS current Year (2026-12-31): EPS=3.74 | Chg30d=+0.28% | Revisions=-25% | GrowthEPS=-1.0% | GrowthRev=+0.9%
EPS next Year (2027-12-31): EPS=3.11 | Chg30d=-1.38% | Revisions=-50% | GrowthEPS=-16.9% | GrowthRev=+2.5%
[Analyst] Revisions Ratio: -62% (up=0, down=5)