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Mid-America Apartment Communities

NYSE: MAA

Stock price

132.96 USD

(+Infinity%) NaN day

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: 68.5%

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    120.3

    52-week range

    153.9

    132.96

    Your model inputs

    Required return / cost of capital
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    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

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

    3.9 %

    Dividend Yield TTM

    4.6 %

    Market cap $

    $ 15,475

    Price / Earnings TTM

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

    40.3

    Price / Book TTM

    2.8

    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)

    (7.7) %

    (13.8) %

    68.5 %

    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 Q1 (Apr 30, 2026)

    1) Strategy & Leadership
    - MAA's management team, led by CEO Brad Hill, is focused on maintaining a strong balance sheet while executing disciplined capital allocation strategies.
    - The company is prioritizing share buybacks due to favorable pricing in the public market, while also investing in development projects.
    - MAA has a development pipeline of over 4,300 units, with plans to start construction on four projects this year, down from an initial forecast of five to seven.

    2) Financial & Segment Results
    - Core FFO for Q1 2026 was reported at $2.13 per diluted share, exceeding guidance by $0.02.
    - Same-store NOI outperformed expectations, driven by lower expenses and stable revenue.
    - Average physical occupancy remained strong at 95.5%, with net delinquency at 0.3% of bill grants, consistent with previous quarters.
    - Blended lease-over-lease growth improved by 140 basis points sequentially from Q4 2025, despite ongoing supply pressures.

    3) Operational Plans & Market Dynamics
    - MAA's leasing traffic remains robust, with positive migration trends and strong wage growth contributing to demand.
    - The company is experiencing strong resident retention, with renewal lease-over-lease growth improving by 70 basis points sequentially.
    - In markets like Atlanta and Dallas, MAA has seen occupancy and pricing power improve, while challenges persist in Austin and Charlotte due to heavy supply.
    - The company completed 1,386 interior unit upgrades in Q1, achieving significant rent increases and faster leasing times compared to non-renovated units.

    4) Guidance & Outlook
    - MAA reaffirmed its full-year guidance for same-store and core FFO, expecting blended rates to range between 1% and 1.5% for the year.
    - The company anticipates gradual seasonal improvement in new lease rates through the second and early third quarters, with a strong outlook for 2027.
    - MAA is focused on maintaining operational efficiencies and enhancing its portfolio through redevelopment initiatives and technology upgrades.

    5) Problems / Headwinds
    - The company faces ongoing supply pressures in certain markets, particularly in Austin and Charlotte, which may hinder new lease pricing growth.
    - Economic uncertainty and elevated new supply levels continue to impact pricing dynamics, although MAA is optimistic about moderating supply pressures in the future.
    - The transcript did not provide specific figures for total revenue or detailed comparisons of year-over-year performance metrics.

    Bottom line: MAA's strong operational performance and disciplined capital allocation position it well for continued growth, despite challenges from supply pressures in certain markets. The company remains optimistic about improving lease rates and overall demand, making it a potentially attractive investment for shareholders.

    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 July 20, 2026, the company's market capitalization is $15474523274 with a current stock price of $132.96.