Mid-America Apartment Communities, Inc. MAA SPX

Real Estate · REIT - Residential · United States

https://www.maac.com

Mid-America Apartment Communities, Inc. is a self-administered real estate investment trust (REIT) and member of S&P 500. MAA owns or has ownership interest in apartment communities primarily throughout the Southeast, Southwest and Mid-Atlantic regions of the U.S. focused on delivering strong, full-cycle investment performance. Mid-America Apartment Communities, Inc. was incorporated in 1977 in Tennessee and is based in Germantown, United States.

Market & Price

Market Cap

$15.40B

Current Price

$129.07

High / Low (52W)

$149.77 / $119.11

Beta

0.76

Valuation

Stock P/E

39.11

Industry PE

26.58

Forward P/E

33.18

PEG Ratio

7.03

Book Value

$47.62

Price to Book

2.71

P/S

6.96

EV/EBITDA

16.76

Dividend Yield

4.74%

Profitability & Returns

ROCE

6.06%

ROE

6.71%

ROA

3.19%

Profit Margin

17.60%

Op Margin

26.57%

EPS (Latest Qtr)

$1.06

EPS (TTM)

$3.30

Balance Sheet & Liquidity

Debt/Equity

1.00

Quick Ratio

0.04

Current Ratio

0.08

Debt

$5.68B

Total Assets

$11.98B

Current Assets

$120.38M

Working Capital

$-1.21B

Ownership

Promoter Holding

0.46%

Chg in Prom Hold

FII / Inst Holding

97.30%

Chg in FII Hold

0.02%

Financial Snapshot

Enterprise Value

$20.78B

Total Revenue (TTM)

$2.21B

EBITDA

$1.24B

Free Cash Flow

$909.08M

Operating Cash Flow

$1.03B

Shares Outstanding

116.38M

Gross Margin

58.50%

Payout Ratio

184.09%

Growth (CAGR)

Revenue 5Y

3.03%

Profit 5Y

-11.16%

Revenue (YoY)

0.80%

Earnings (YoY)

-31.50%

PROS

Attractive dividend yield of 4.74%.
Generates positive free cash flow.

CONS

Earnings shrank at -11.2% CAGR over 5 years.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Real Estate).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	MAA Mid-America Apartment Communities, Inc. SPX	129.07	39.11	$15.40B	4.74%	6.06%	6.71%	3.03%	-11.16%
2	WELL Welltower Inc. SPX	205.33	99.19	$144.95B	1.44%	0.26%	3.67%	22.69%	87.90%
3	PLD Prologis, Inc. SPX	143.47	36.14	$133.76B	2.98%	4.94%	6.84%	13.74%	-0.36%
4	EQIX Equinix, Inc. SPX	1,068.04	74.07	$105.33B	1.84%	5.61%	10.06%	8.27%	24.18%
5	AMT American Tower Corporation SPX	186.96	30.11	$87.10B	3.73%	7.82%	29.95%	3.34%	12.73%
6	SPG Simon Property Group, Inc. SPX	204.91	14.25	$77.86B	4.29%	17.44%	113.59%	6.35%	29.32%
7	DLR Digital Realty Trust, Inc. SPX	190.00	50.53	$67.96B	2.57%	3.99%	5.69%	9.22%	51.32%
8	O Realty Income Corporation SPX	61.28	50.23	$57.14B	5.30%	3.27%	2.83%	19.80%	6.78%
9	PSA Public Storage SPX	303.69	31.34	$53.31B	3.95%	10.69%	20.18%	4.88%	-25.69%

Quarterly Results

Figures in USD.

Metric	Sep 2010	Dec 2010	Mar 2011	Jun 2011	Sep 2011	Dec 2011	Mar 2012	Jun 2012	Sep 2012	Dec 2012	Mar 2013	Jun 2013	Sep 2013	Mar 2014	Jun 2018	Sep 2018	Mar 2019	Jun 2019	Sep 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	100.32M	103.43M	101.67M	105.40M	110.70M	113.04M	116.29M	119.01M	123.19M	131.39M	127.92M	134.11M	136.44M	243.49M	390.07M	397.11M	401.18M	407.39M	415.63M	418.10M	413.03M	423.20M	425.00M	436.93M	452.57M	476.08M	495.04M	520.78M	529.03M	535.15M	542.04M	543.62M	546.43M	551.13M	-	549.29M	549.90M	554.37M	555.56M	553.73M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	374.28M	385.69M	390.90M	384.02M	389.90M
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	175.01M	164.22M	163.48M	171.54M	163.82M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15.62M	12.81M	12.53M	13.85M	16.72M
Operating Income	21.04M	22.12M	22.59M	21.60M	24.79M	26.23M	29.96M	30.14M	30.59M	37.28M	38.58M	32.57M	32.52M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	159.40M	151.40M	150.95M	157.69M	147.11M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	384.66M	309.74M	306.52M	266.39M	345.31M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45.16M	45.11M	46.28M	48.71M	51.41M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	186.98M	110.94M	103.42M	57.74M	131.87M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.04M	600.00K	1.77M	1.19M	5.52M
Net Income	6.75M	6.94M	8.84M	7.43M	13.79M	18.76M	23.89M	28.16M	30.87M	22.31M	21.18M	59.09M	44.28M	14.87M	59.81M	52.79M	63.66M	61.92M	78.64M	36.65M	75.06M	59.91M	47.19M	216.48M	84.48M	110.80M	210.70M	122.31M	135.91M	145.69M	110.73M	143.75M	101.95M	115.19M	-	181.67M	108.13M	99.54M	57.57M	124.36M
Diluted EPS	0.11	0.20	0.24	0.20	0.37	0.49	0.60	0.69	0.74	0.53	0.50	1.37	1.04	-	0.52	0.46	0.55	0.53	0.68	0.31	0.65	0.52	0.40	1.88	0.73	0.95	1.82	1.05	1.16	1.24	0.94	1.22	0.86	0.98	-	1.54	0.92	0.84	0.48	1.06

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	370.01M	374.37M	380.14M	430.81M	497.17M	1.53B	1.57B	1.64B	1.68B	1.78B	2.02B	2.15B	2.19B	2.21B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	1.33B	1.40B	1.48B	1.53B
Gross Profit	-	-	-	-	-	-	-	-	-	-	687.71M	747.48M	713.27M	674.25M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	58.83M	58.58M	56.52M	54.81M
Operating Income	95.90M	92.23M	85.27M	95.22M	130.28M	-	-	-	-	-	628.88M	688.90M	656.75M	619.44M
EBITDA	-	-	-	-	-	-	-	-	-	-	1.35B	1.29B	1.30B	1.27B
Interest Expense	-	-	-	-	-	-	-	-	-	-	154.75M	149.23M	168.54M	185.26M
Pretax Income	-	-	-	-	-	-	-	-	-	-	646.99M	570.85M	544.87M	459.09M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-6.21M	4.74M	5.24M	4.59M
Net Income	30.25M	37.21M	29.76M	48.82M	105.22M	328.38M	222.90M	353.81M	254.96M	533.79M	637.44M	552.81M	527.54M	446.91M
Diluted EPS	0.64	0.85	0.56	1.31	2.56	2.86	1.93	3.07	2.19	4.61	5.48	4.71	4.49	3.78

Compounded Sales Growth

5 Years:	3.03%
1 Year:	0.80%

Compounded Profit Growth

5 Years:	-11.16%
1 Year:	-31.50%

Stock Price Performance

1 Year:	-13.82%
6 Months:	-2.17%
3 Months:	-2.40%
1 Month:	-0.49%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	1.99B	2.18B	2.53B	2.75B	6.84B	-	-	11.32B	11.23B	11.19B	-	11.24B	11.48B	11.81B	11.98B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	61.07M	55.09M	64.53M	120.38M
Cash & Equivalents	17.19M	9.43M	13.82M	45.94M	57.32M	9.07M	-	-	10.75M	34.26M	20.48M	25.20M	-	38.66M	41.31M	43.02M	60.26M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Liabilities	-	-	1.53B	1.63B	1.78B	1.80B	-	-	-	4.94B	4.93B	5.09B	-	5.03B	5.19B	5.66B	6.14B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	558.01M	1.06B	856.74M	1.33B
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	4.39B	4.05B	4.73B	4.73B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	4.44B	4.57B	5.01B	5.43B
Total Equity	-	-	430.57M	518.50M	718.33M	914.05M	-	6.64B	-	6.15B	6.07B	5.87B	-	6.03B	6.11B	5.96B	5.68B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	115.48M	116.69M	116.88M	116.88M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	139.79M	140.28M	133.79M	172.29M	210.97M	660.80M	734.29M	781.42M	823.95M	-	1.06B	1.14B	1.10B	1.08B
Investing Cash Flow	-244.91M	-153.96M	-254.27M	-442.16M	-329.22M	-294.21M	-366.35M	-238.27M	-484.73M	-	-405.24M	-775.26M	-825.50M	-690.22M
Financing Cash Flow	97.35M	18.07M	152.60M	281.25M	70.01M	-399.52M	-405.14M	-524.28M	-374.14M	-	-722.77M	-367.90M	-271.12M	-370.74M
Capital Expenditure	-	-	-	-	-	-	-	-	-	-	-296.18M	-341.22M	-322.37M	-360.24M
Free Cash Flow	-	-	-	-	-	-	-	-	-	-	762.30M	795.96M	775.92M	717.94M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-69.53M	-5.98M	1.67M	17.21M
Share Buybacks	679.00K	964.00K	1.18M	2.55M	1.99M	-	-	-	-	-	-	0	0	27.23M

Ratios (Annual)

Figures in %.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	34.0%	34.8%	32.6%	30.5%
Operating Margin %	25.9%	24.6%	22.4%	22.1%	26.2%	-	-	-	-	-	31.1%	32.1%	30.0%	28.0%
Net Margin %	8.2%	9.9%	7.8%	11.3%	21.2%	21.5%	14.2%	21.6%	15.2%	30.0%	31.6%	25.7%	24.1%	20.2%
ROE %	-	8.6%	5.7%	6.8%	11.5%	-	3.6%	5.8%	4.3%	-	10.6%	9.0%	8.8%	7.9%
ROCE %	-	-	-	-	-	-	-	-	-	-	5.9%	6.6%	6.0%	5.8%

Shareholding Pattern

Insiders

0.46%

Institutions

97.30%

Public Float

97.75%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	11.20%	13.03M	$1.68B
2	Vanguard Portfolio Management LLC	8.51%	9.91M	$1.28B
3	State Street Corporation	6.88%	8.00M	$1.03B
4	Vanguard Capital Management LLC	6.53%	7.60M	$980.32M
5	Viking Global Investors, L.P.	4.12%	4.80M	$619.33M
6	Geode Capital Management, LLC	3.00%	3.50M	$451.30M
7	Apg Asset Management US Inc.	2.65%	3.09M	$398.79M
8	JPMORGAN CHASE & CO	2.50%	2.91M	$375.06M
9	Invesco Ltd.	2.09%	2.43M	$313.72M
10	Dimensional Fund Advisors LP	1.52%	1.77M	$228.77M

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MAA · Real Estate