(MAA) Mid-America Apartment - Overview

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

Stock: Apartment, Leasing, Management, Development, Redevelopment

Total Rating 27
Risk 83
Buy Signal -1.01
Risk 5d forecast
Volatility 19.4%
Relative Tail Risk -0.24%
Reward TTM
Sharpe Ratio -0.63
Alpha -18.76
Character TTM
Beta 0.448
Beta Downside 0.587
Drawdowns 3y
Max DD 26.86%
CAGR/Max DD -0.10

EPS (Earnings per Share)

EPS (Earnings per Share) of MAA over the last years for every Quarter: "2020-12": 0.56, "2021-03": 0.4, "2021-06": 1.72, "2021-09": 0.66, "2021-12": 1.49, "2022-03": 0.86, "2022-06": 2.02, "2022-09": 1.05, "2022-12": 1.87, "2023-03": 1.13, "2023-06": 1.24, "2023-09": 1.09, "2023-12": 1.14, "2024-03": 1.03, "2024-06": 1.03, "2024-09": 1.06, "2024-12": 1.43, "2025-03": 1.54, "2025-06": 0.88, "2025-09": 0.85, "2025-12": 0.48,

Revenue

Revenue of MAA over the last years for every Quarter: 2020-12: 423.661, 2021-03: 425.005, 2021-06: 436.927, 2021-09: 452.575, 2021-12: 463.575, 2022-03: 476.078, 2022-06: 495.04, 2022-09: 520.783, 2022-12: 527.965, 2023-03: 529.033, 2023-06: 535.146, 2023-09: 542.042, 2023-12: 542.247, 2024-03: 543.622, 2024-06: 546.435, 2024-09: 551.126, 2024-12: 549.832, 2025-03: 549.295, 2025-06: 549.902, 2025-09: 554.373, 2025-12: 555.556,

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) 3.5

Net Income: 446.9m TTM > 0 and > 6% of Revenue
FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.57 > 1.0
NWC/Revenue: -27.61% < 20% (prev -36.16%; Δ 8.55% < -1%)
CFO/TA 0.09 > 3% & CFO 1.08b > Net Income 446.9m
Net Debt (5.35b) to EBITDA (1.32b): 4.05 < 3
Current Ratio: 0.16 > 1.5 & < 3
Outstanding Shares: last quarter (117.1m) vs 12m ago 0.19% < -2%
Gross Margin: 31.83% > 18% (prev 0.33%; Δ 3150 % > 0.5%)
Asset Turnover: 18.57% > 50% (prev 18.55%; Δ 0.03% > 0%)
Interest Coverage Ratio: 3.76 > 6 (EBITDA TTM 1.32b / Interest Expense TTM 185.3m)

Altman Z'' -0.71

A: -0.05 (Total Current Assets 120.4m - Total Current Liabilities 730.4m) / Total Assets 11.98b
B: -0.14 (Retained Earnings -1.73b / Total Assets 11.98b)
C: 0.06 (EBIT TTM 696.0m / Avg Total Assets 11.89b)
D: -0.28 (Book Value of Equity -1.74b / Total Liabilities 6.14b)
Altman-Z'' Score: -0.71 = B

Beneish M

DSRI: none (Receivables none/none, Revenue 2.21b/2.19b)
GMI: 1.02 (GM 31.83% / 32.55%)
AQI: 1.04 (AQ_t 0.03 / AQ_t-1 0.03)
SGI: 1.01 (Revenue 2.21b / 2.19b)
TATA: -0.05 (NI 446.9m - CFO 1.08b) / TA 11.98b)
Beneish M-Score: cannot calculate (missing components)

What is the price of MAA shares?

As of February 21, 2026, the stock is trading at USD 135.07 with a total of 905,948 shares traded.
Over the past week, the price has changed by +1.22%, over one month by +0.48%, over three months by +5.22% and over the past year by -10.51%.

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.
  • StrongBuy: 8
  • Buy: 6
  • Hold: 10
  • Sell: 0
  • StrongSell: 2

What are the forecasts/targets for the MAA price?

Issuer Target Up/Down from current
Wallstreet Target Price 145.9 8%
Analysts Target Price 145.9 8%

MAA Fundamental Data Overview February 18, 2026

P/E Trailing = 35.8598
P/E Forward = 35.8423
P/S = 7.3645
P/B = 2.7882
P/EG = 10.19
Revenue TTM = 2.21b USD
EBIT TTM = 696.0m USD
EBITDA TTM = 1.32b USD
Long Term Debt = 4.73b USD (from longTermDebt, last quarter)
Short Term Debt = 676.0m USD (from shortTermDebt, last quarter)
Debt = 5.41b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.35b USD (from netDebt column, last quarter)
Enterprise Value = 21.61b USD (16.27b + Debt 5.41b - CCE 60.3m)
Interest Coverage Ratio = 3.76 (Ebit TTM 696.0m / Interest Expense TTM 185.3m)
EV/FCF = 30.11x (Enterprise Value 21.61b / FCF TTM 717.9m)
FCF Yield = 3.32% (FCF TTM 717.9m / Enterprise Value 21.61b)
FCF Margin = 32.50% (FCF TTM 717.9m / Revenue TTM 2.21b)
Net Margin = 20.23% (Net Income TTM 446.9m / Revenue TTM 2.21b)
Gross Margin = 31.83% ((Revenue TTM 2.21b - Cost of Revenue TTM 1.51b) / Revenue TTM)
Gross Margin QoQ = 36.07% (prev 29.49%)
Tobins Q-Ratio = 1.80 (Enterprise Value 21.61b / Total Assets 11.98b)
Interest Expense / Debt = 0.90% (Interest Expense 48.7m / Debt 5.41b)
Taxrate = 2.04% (1.19m / 58.4m)
NOPAT = 681.8m (EBIT 696.0m * (1 - 2.04%))
Current Ratio = 0.16 (Total Current Assets 120.4m / Total Current Liabilities 730.4m)
Debt / Equity = 0.95 (Debt 5.41b / totalStockholderEquity, last quarter 5.68b)
Debt / EBITDA = 4.05 (Net Debt 5.35b / EBITDA 1.32b)
Debt / FCF = 7.45 (Net Debt 5.35b / FCF TTM 717.9m)
Total Stockholder Equity = 5.85b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.76% (Net Income 446.9m / Total Assets 11.98b)
RoE = 7.64% (Net Income TTM 446.9m / Total Stockholder Equity 5.85b)
RoCE = 6.58% (EBIT 696.0m / Capital Employed (Equity 5.85b + L.T.Debt 4.73b))
RoIC = 6.18% (NOPAT 681.8m / Invested Capital 11.03b)
WACC = 5.90% (E(16.27b)/V(21.67b) * Re(7.57%) + D(5.41b)/V(21.67b) * Rd(0.90%) * (1-Tc(0.02)))
Discount Rate = 7.57% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.16%
[DCF Debug] Terminal Value 85.64% ; FCFF base≈741.1m ; Y1≈693.7m ; Y5≈643.5m
Fair Price DCF = 119.7 (EV 19.33b - Net Debt 5.35b = Equity 13.99b / Shares 116.9m; r=5.90% [WACC]; 5y FCF grow -8.16% → 2.90% )
EPS Correlation: -47.69 | EPS CAGR: -14.40% | SUE: -2.17 | # QB: 0
Revenue Correlation: 84.66 | Revenue CAGR: 4.20% | SUE: -0.40 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.83 | Chg30d=-0.048 | Revisions Net=-3 | Analysts=7
EPS current Year (2026-12-31): EPS=3.35 | Chg30d=-0.124 | Revisions Net=-5 | Growth EPS=-11.3% | Growth Revenue=+2.2%
EPS next Year (2027-12-31): EPS=3.89 | Chg30d=-0.060 | Revisions Net=-1 | Growth EPS=+16.5% | Growth Revenue=+3.5%

Additional Sources for MAA Stock

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