MAA Stock Analysis: Mid-America Apartment | NYSE
REIT - Residential | NYSE, USA | Market Cap: 15.929m USD | 12M Return: -3.3% | US59522J1034 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 132M
EPS Trend: -30.3%
Qual. Beats: 0
Rev. Trend: 96.6%
Qual. Beats: -2
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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: 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): 4.50 < 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 August 20, 2026, the stock is trading at USD 131.47 with a total of 395,552 shares traded. Over the past week, the price has changed by -0.65%, over one month by -1.68%, over three months by +3.52% and over the past year by -3.29%.
Current recommended Stop Loss: 127.90 (which is 2.7% or 1.4 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 | 143.8 | 9.4% |
P/E Trailing = 39.0322
P/E Forward = 33.8983
P/S = 7.1573
P/B = 2.8403
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 = 21.6b USD (15.9b + Debt 5.72b - CCE 51.8m)
Interest Coverage Ratio = 3.10 (Ebit TTM 618.6m / Interest Expense TTM 199.5m)
EV/FCF = 37.93x (Enterprise Value 21.6b / FCF TTM 569.4m)
FCF Yield = 2.64% (FCF TTM 569.4m / Enterprise Value 21.6b)
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 = 1.80 (Enterprise Value 21.6b / 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 = 4.50 (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 = 5.21% (E(15.9b)/V(21.6b) * Re(5.85%) + D(5.72b)/V(21.6b) * Rd(3.49%) * (1-Tc(0.02)))
Discount Rate = 5.85% (= 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 = 14.28 (EV 7.33b - Net Debt 5.66b = Equity 1.66b / Shares 116.4m; 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=0.81 | Chg30d=-2.64% | Revisions=+0% | Analysts=5
EPS current Year (2026-12-31): EPS=3.67 | Chg30d=+7.90% | Revisions=+0% | GrowthEPS=-3.0% | GrowthRev=+0.9%
EPS next Year (2027-12-31): EPS=3.13 | Chg30d=-1.18% | Revisions=-50% | GrowthEPS=-14.8% | GrowthRev=+2.8%
[Analyst] Revisions Ratio: -50% (up=0, down=3)