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Mid-America Apartment Communities, Inc.

MAA Real Estate Reit Residential

Mid-America Apartment Communities, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 0.83% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 13.0%, free cash flow fell 3.86% and total debt rose 12.8%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for ten; insiders bought in the last twelve months.

116.52 0.25 +0.22%
Market cap
$13.8B
P/E
34.1×
Fwd P/E
40.5×
Dividend yield
5.25%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 0.24
Total sells 1.16
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — 1 — — — — 1 — — — — —
Sell — — 9 — — 4 1 — — — — —
Insider Ownership 0.87%

Capital & Financial Ratios $m

Market Cap 13,830.00
Revenue 2,218.78
Net Income 410.71
Free Cash Flow 553.94
Net Debt 5,626.90
Current Ratio 0.09
Debt/Equity 1.02
P/E ratio 34.07
Fwd P/E 40.50 (above 35: high)
P/S ratio 6.10
P/B ratio 2.42
Past 5Y EPS Growth 11.53%
This Y EPS Growth (3.13%) (below 0%: weak)
Next Y EPS Growth (14.38%) (below 0%: weak)
Next Y revenue growth 0.90%
Next 5Y EPS Growth (2.88%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 8.6×, against a ten-year median of 10.6×; over the ten years it ranged from 8.4× in 2023 to 17.3× in 2021.
P/E against its own 10 years 41.95%
10-year low 10-year high
P/S against its own 10 years 0.59%
10-year low 10-year high
P/B against its own 10 years 45.34%
10-year low 10-year high
EV/Sales against its own 10 years 0.81%
10-year low 10-year high
EV/FCF against its own 10 years 47.81%
10-year low 10-year high

Dividends

Payout Ratio 1.79
Annual Dividend Rate 6.12
Annual Dividend Yield 5.25%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 6.12
1.53
1.53
1.53
1.53
2025 6.06
1.52
1.52
1.52
1.52
2024 5.88
1.47
1.47
1.47
1.47
2023 8.06
1.40
1.06
1.40
1.40
1.40
1.40
2022 4.68
1.09
1.09
1.25
1.25
2021 5.16
1.03
1.06
1.03
1.03
1.03
2020 4.00
1.00
1.00
1.00
1.00
2019 3.84
0.96
0.96
0.96
0.96
2018 3.69
0.92
0.92
0.92
0.92
2017 3.48
0.87
0.87
0.87
0.87
2016 3.28
0.82
0.82
0.82
0.82
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 55 57 74 65
Receivables — — — —
Inventory — — — —
Other — — — —
55 57 74 65
2023 2024 2025 Q'26
Payables — — — —
ST’ Debt — — — —
Other — — — —
645 684 730 701

Compound Annual Growth %

10y 5y 3y
Sales 7.80% 5.65% 3.03%
Cash Flow 8.80% 5.53% 0.62%
Earnings 2.92% 12.02% (11.24%)
Book Value 6.30% (0.90%) (2.04%)

Revenue $m

Mar Jun Sep Dec Year
’26 554 555 — — —
’25 549 550 554 556 2,209
’24 544 546 551 550 2,191
’23 529 535 542 542 2,148
’22 476 495 521 528 2,020
’21 425 437 453 464 1,778
’20 418 413 423 424 1,678
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 150 333 — — —
’25 197 353 266 262 1,078
’24 200 349 310 239 1,098
’23 218 336 318 265 1,137
’22 180 284 343 251 1,058
’21 148 249 281 217 895
’20 161 229 254 180 824
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 103 246 — — —
’25 205 256 75 130 666
’24 148 168 118 125 559
’23 133 237 231 (26) 575
’22 136 343 22 310 811
’21 100 282 201 280 862
’20 72 122 161 190 544
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 1.06 1.04 — — —
’25 1.54 0.92 0.84 0.48 3.78
’24 1.22 0.86 0.98 1.42 4.49
’23 1.16 1.24 0.94 1.37 4.71
’22 0.95 1.82 1.05 1.67 5.48
’21 0.40 1.88 0.73 1.60 4.61
’20 0.31 0.65 0.52 0.72 2.19
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 82.91 92.50 85.16 92.19 82.00 122.15 141.13 115.56 121.51 125.75

Analyst estimates 2026–2028

Powerpack
High 110.01 110.95 104.98 140.15 148.88 231.63 230.71 176.36 167.39 173.38
People
People Employees 2,528 2,464 2,552 2,513 2,530 2,429 2,387 2,427 2,532 2,507
Revenue/emp, $m 0.45 0.62 0.62 0.65 0.66 0.73 0.85 0.89 0.87 0.88
Income, $m
Income, $m Revenue 1,125 1,529 1,571 1,641 1,678 1,778 2,020 2,148 2,191 2,209
Gross margin, % 59.35 59.43 59.13 59.30 58.71 59.12 60.93 61.09 59.28 58.69
EBT 226 342 232 369 266 563 647 571 545 459
EBT margin, % 20.07 22.35 14.75 22.47 15.84 31.67 32.03 26.57 24.87 20.78
Net income 224 341 231 367 264 551 655 568 542 457
Depreciation 313 485 486 504 517 540 550 572 592 630
Per share, $
Per share, $ Revenue 14.34 13.48 13.83 14.41 14.69 15.50 17.51 18.44 18.76 18.89
Earnings 2.70 2.86 1.93 3.07 2.20 4.62 5.49 4.71 4.49 3.79
Cash flow 6.18 5.83 6.46 6.86 7.22 7.80 9.18 9.76 9.41 9.22
Capex (2.89) (2.58) (3.21) (1.06) (2.45) (0.28) (2.14) (4.82) (4.62) (3.53)
Free cash flow 3.29 3.25 3.26 5.81 4.76 7.52 7.03 4.94 4.79 5.69
Book value 84.61 57.97 56.07 55.24 53.32 53.64 53.66 53.90 52.45 49.76
Shares, m 79 113 114 114 114 115 115 117 117 117
Valuation, ×
Valuation, × P/E 35.52 34.83 49.59 43.09 57.59 49.77 28.31 28.84 34.50 36.65
P/S 6.79 7.39 6.92 9.15 8.62 14.80 8.88 7.37 8.24 7.35
P/B 1.15 1.72 1.71 2.39 2.38 4.28 2.90 2.52 2.95 2.79
EV/Sales 10.68 10.27 9.77 11.82 11.32 17.27 11.03 9.45 10.49 9.77
EV/FCF 46.54 42.68 41.48 29.35 34.91 35.61 27.46 35.30 41.09 32.41
Cash, $m
Cash, $m Operating cash flow 485 661 734 781 824 895 1,058 1,137 1,098 1,078
Capex (227) (293) (364) (120) (280) (33) (247) (562) (539) (412)
Free cash flow 258 368 370 661 544 862 811 575 559 666
Balance, $m
Balance, $m Working capital (331) (317) (362) (402) (493) (454) (555) (590) (627) (656)
Total debt 4,500 4,502 4,528 4,455 4,563 4,517 4,415 4,540 4,981 5,405
Net debt 4,378 4,413 4,477 4,384 4,527 4,386 4,354 4,485 4,924 5,331
Shareholders’ equity 6,642 6,574 6,372 6,289 6,088 6,154 6,190 6,280 6,125 5,819
Returns, %
Returns, % ROA 2.30 2.81 1.92 3.10 2.24 4.72 5.63 4.83 4.50 3.73
ROIC 1.56 2.02 2.31 2.53 2.52 2.76 3.73 4.00 3.71 3.47
ROE 4.32 4.91 3.39 5.53 4.06 8.66 10.27 8.81 8.45 7.42
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Mid-America Apartment Communities, Inc. vs peers in Reit Residential (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
VMRK Vivmark Residential $47.3B 26.5× 49.7× +2.11% (above 0%: growing) −41.18% (below 0%: shrinking) +298.73% (above 0%: growing) 61.38% 25.75% Compare
ESS Essex Property Trust, Inc. $17.9B 41.9× 47.4× +4.09% (above 0%: growing) −71.80% (below 0%: shrinking) +21.02% (above 0%: growing) 68.42% 22.36% Compare
UDR United Dominion Realty Trust, Inc. $17.9B 21.7× 46.5× 0.00% +90.91% (above 0%: growing) −27.77% (below 0%: shrinking) 62.41% 27.23% Compare
INVH Invitation Home $15.8B 24.8× 39.7× +9.71% (above 0%: growing) +60.87% (above 0%: growing) +41.97% (above 0%: growing) 55.10% 24.62% Compare
SUI Sun Communities, Inc. $14.1B — (loss-making) 54.0× +8.02% (above 0%: growing) n/m −12.76% (below 0%: shrinking) 55.40% 12.25% Compare
MAA Mid-America Apartment Communities, Inc. $13.8B 34.1× 40.5× +0.95% (above 0%: growing) +13.04% (above 0%: growing) −3.86% (below 0%: shrinking) 57.37% 25.36%
CPT Camden Property Trust $13.3B 32.7× 102× −0.90% (below 0%: shrinking) −75.68% (below 0%: shrinking) −1,195.62% (below 0%: shrinking) 64.13% 12.20% Compare
ELS Equity Lifestyle Properties, Inc. $12.1B 29.4× 30.8× +5.56% (above 0%: growing) +19.05% (above 0%: growing) +14.74% (above 0%: growing) 51.52% 32.00% Compare
AMH American Homes 4 Rent $11.1B 24.8× 44.5× +2.75% (above 0%: growing) +10.71% (above 0%: growing) +24.76% (above 0%: growing) 58.35% 25.92% Compare
Median of peers $15.0B 26.5× 47.0× +3.42% +10.71% +17.88% 59.87% 25.19%

All 19 Reit Residential stocks →

MAA metrics, ten years each

Mid-America Apartment Communities, Inc. (MAA) key facts

  • Concern: Net income was $456.6 million, or $3.79 per share (basic), a net margin of 20.1%.
  • Strength: Mid-America Apartment Communities, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 0.83% from fiscal 2024.
  • Mid-America Apartment Communities, Inc. (MAA) is a Reit Residential company in the Real Estate sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, MAA traded at $116.52, a market capitalization of $13.8 billion.
  • At that price the stock trades at 34.1× trailing-twelve-month earnings and 6.1× sales; its P/E is higher than 42% of its own readings over the past ten years.
  • Mid-America Apartment Communities, Inc. pays an annual dividend of $6.12 per share, a yield of 5.25%, with a payout ratio of 179.0%.
  • Return on equity was 7.42% and debt-to-equity 1.02.
  • Its Piotroski F-score is 4 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Mid-America Apartment Communities, Inc. (MAA) Latest News

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stockrow.com/MAA · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com