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Mid-America Apartment Communities

NYSE: MAA

Stock price

134.2 USD

(+0%) TODAY

Multi-Family Residential REITsREIT - Residential

Financial Performance

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5Y price score: (38)

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 75%

DATE RANGE:

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    120.3

    52-week range

    146.4

    134.2

    Your model inputs

    Required return / cost of capital
    %
    FCFF terminal growth rate
    %

    Your fair value & Margin of safety

    To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

    Forecast:

    Valuation

    Free Cash Flow Yield

    Help
    FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

    3.6 %

    Dividend Yield TTM

    4.5 %

    Market cap $

    $ 15,619

    Price / Earnings TTM

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    P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

    39.2

    Price / Book TTM

    2.9

    PEG TTM

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    Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

    (2.5)

    Earnings growth and return

    LTM

    5YR

    10YR

    Total return (price & dividends)

    0.4 %

    (14.8) %

    75 %

    Free cash flow per share growth

    (7.7) %

    17.3 %

    54.8 %

    Earnings per share growth

    (15.8) %

    72.6 %

    (14.3) %

    Founded: 1,977

    Employees: 2,532

    Business Summary:Mid-America Apartment Communities, known as MAA, is a prominent S&P 500 entity operating as a Real Estate Investment Trust (REIT). Its core objective is to generate outstanding, comprehensive investment returns for its shareholders. MAA achieves this by strategically acquiring, developing, redeveloping, owning, and managing high-quality apartment complexes. These properties are primarily located across the Southeast, Southwest, and Mid-Atlantic regions of the United States. As of December 31, 2020, the company held an interest in 102,772 apartment units, a figure that includes communities currently under development, spread throughout 16 states and the District of Columbia.

    Fair Value Reference Estimate

    Latest Earnings Call Takeaways

    2026 Q2 (Jul 30, 2026)

    1) Strategy & Leadership - MAA reported core FFO of $2.08 per diluted share, exceeding guidance by $0.02. - Management emphasized a disciplined approach to capital allocation, focusing on development and strategic technology initiatives to enhance customer service and operational efficiency. - The company is committed to maintaining a development pipeline of approximately $1 billion, with a focus on high-demand markets.

    2) Financial & Segment Results - Same-store NOI exceeded expectations, driven by lower property operating expenses and strong renewal rates. - New lease-over-lease growth improved by 170 basis points sequentially, though recovery in new lease rates remains slower than desired due to cautious consumer sentiment and elevated supply in certain markets. - Renewal lease-over-lease rates were 5.2% for the quarter, with turnover decreasing to 39.6%.

    3) Operational Plans & Market Dynamics - MAA is expanding its interior renovation programs, achieving an average cash-on-cash return of approximately 25% on renovated units. - The company is also investing in a community-wide Wi-Fi initiative, which has seen revenue growth from $500,000 in Q1 to $850,000 in Q2. - Strong demand is noted in Virginia and South Carolina, while markets like Charlotte and Raleigh continue to face challenges from supply pressures.

    4) Guidance & Outlook - MAA maintained its core FFO guidance for the year at a midpoint of $8.53 per diluted share, while slightly reducing expectations for effective rent growth and average occupancy. - The company anticipates blended pricing in Q3 to improve compared to Q2, driven by strong renewal rates and declining supply pressures. - Management expressed optimism about the potential for a later seasonal peak in leasing activity.

    5) Problems / Headwinds - The company faces challenges from high levels of new supply in certain markets, which has affected new lease pricing recovery. - While demand remains resilient, the cautious consumer sentiment is impacting leasing decisions, leading to longer decision-making times for potential renters.

    Bottom line: MAA's disciplined capital allocation and focus on high-demand markets position it well for future growth, despite current headwinds from supply pressures and cautious consumer sentiment. The company is optimistic about improving pricing dynamics and operational efficiencies as it navigates the recovery period.

    Annual Reports, Presentations And IR Contacts

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    Annual report links (10K)
    2025202420232022202120202019201820172016

    Mid-America Apartment Communities — Financial Overview, Stock Price, Market Cap

    Mid-America Apartment Communities is a company. Founded in 1977. As of August 14, 2026, the company's market capitalization is $15618840428 with a current stock price of $134.20.