Mid-America Apartment Communities Inc logo

Mid-America Apartment Communities Inc(MAA)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$118.35
09/25/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for MAA

09/25/2026: MAA (1-star) is currently NOT-A-BUY. Pass it for now.

Mid-America Apartment Communities (MAA) is a prominent real estate investment trust specializing in the acquisition, development, and management of multifamily apartments in the high-growth Sun Belt region. The company is known for its strong operational efficiency and a conservative balance sheet that supports consistent dividend distributions for investors. Its primary investment story centers on capturing long-term rental demand in economically expanding markets. However, investors must monitor risks related to increased apartment supply, interest rate volatility, and potential economic slowdowns that could impact occupancy levels. As an income-oriented investment, MAA remains a suitable candidate for investors seeking stable real estate exposure, provided they keep a close eye on regional market trends.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitAs a REIT, the company focuses more on stable income and moderate appreciation rather than rapid, high-growth expansion.
Momentum investorWeak fitThe stock is generally driven by macro real estate trends and interest rates rather than short-term price momentum signals.
Value investorStrong fitREIT investors often look at FFO multiples and NAV, making MAA a potential fit when trading at attractive valuations relative to its underlying assets.
Dividend investorStrong fitMAA is well-regarded for its history of consistent and growing dividend distributions to shareholders.
Low-risk investorMixed fitWhile established, the stock is subject to interest rate fluctuations and real estate cycle volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumReal estate stocks often fluctuate with broader market sentiment and interest rate expectations.
Valuation riskMediumChanges in capitalization rates can significantly impact the implied value of the company's real estate portfolio.
Competition risk (multifamily REITs)MediumHigh levels of new supply in key markets can limit rent growth and increase competition for tenants.
Business qualityStrongThe company has a long-standing reputation for disciplined property management and conservative balance sheet oversight.
Dividend incomeLowThe company has a strong track record of prioritizing stable, recurring dividend payments.
Execution riskMediumSuccessfully managing development and redevelopment projects requires ongoing operational excellence.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Very Smooth
PRICE STABILITY

Very Smooth

The stock has followed a highly orderly price path with minimal short-term disruption.

Analysis of Past Performance

Type Stock
Historic Profit -12.01%
Avg. Invested days 42
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
MAA receives a 4-star rating, supported by solid unit economics, solid quantitative characteristics, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
MAA has moderate overall fundamentals (3 stars), with solid financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, strong cash generation (FCF margin 32.5%) and strong profitability (net margin 20.2%) are partially offset by negative earnings growth (-15.3%), moderate revenue growth (+0.8%), very low insider ownership of 0.46%.

Financial Health Rating

★★★★★
MAA's financial health is supported by solid cash strength, including free-cash-flow generation (32.5% of revenue). Liquidity is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is MAA's strongest growth driver at +0.8% FY2025 versus FY2024 (moderate, 3 stars). By comparison, while earnings growth (-15.3%, negative) and free-cash-flow growth (-7.5%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 100.1% and approximately 98.9% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.46%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 11.23%
Vanguard Portfolio Management, LLC 8.54%
State Street Corp 6.90%
Vanguard Capital Management, LLC 6.55%
NORGES BANK 4.70%

Unit Economics (Per $1K Revenue)

★★★★★
MAA generates approximately $318 of gross profit, $280 of operating income, and $325 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 1.00%

Quantitative Style Profile

★★★★★
MAA has a large-cap, liquid, relatively low-volatility profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Low VolatilityLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 13.95B USD
Price to earnings Ratio 34.49
1Y Target Price 141.44
Price to earnings Ratio 34.49
1Y Target Price 141.44
Volume (30-day avg) 1.0M shares
Beta 0.71
52 Weeks Range 116.67 - 142.76
Updated Date 09/25/2026
52 Weeks Range 116.67 - 142.76
Updated Date 09/25/2026
Dividends yield (FY) 5.17%
Basic EPS (TTM) 3.4

How Company Makes Money

Business areaWhat it includesRetail investor read
Rental RevenueMonthly lease payments from residents across all multifamily properties.This is the primary source of cash flow that enables dividend payments.
Property Management Fees/OtherAncillary income from pet fees, amenities, and management services.These represent smaller, supplemental income streams that boost overall operating margins.
Geography: Sun BeltConcentration in Southeast, Southwest, and Mid-Atlantic states.Investors should monitor population and job growth trends in these specific regions.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE 34.49
Forward PE 33.56
Enterprise Value 19.31B
Price to Sales(TTM) 6.31
Enterprise Value 19.31B
Price to Sales(TTM) 6.31
Enterprise Value to Revenue 9.07
Enterprise Value to EBITDA 15.98
Shares Outstanding 116.02M
Shares Floating 114.76M
Shares Outstanding 116.02M
Shares Floating 114.76M
Percent Insiders 0.46
Percent Institutions 100.1

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Mid-America Apartment Communities Inc

Exchange NYSE
Headquarters Germantown, TN, United States
IPO Launch date 1994-01-28
CEO, President & Director Mr. Adrian Bradley Hill C.F.A.
Sector Real Estate
Industry REIT - Residential
Full time employees 2507
Full time employees 2507

Mid-America Apartment Communities, Inc. an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States. As of June 30, 2026, MAA had ownership interest in 104,698 apartment units, including communities in development, across 16 states and the District of Columbia. id-America Apartment Communities, Inc. was incorporated in 1977 in Tennessee and is based in Germantown, Tennessee.