Mid-America Apartment Communities, Inc. (MAA) AI Stock Analysis

Mid-America Apartment Communities, Inc. operates as an equity real estate investment trust focused on the acquisition, development, redevelopment, and management of residential apartment communities. The company concentrates its portfolio in high-growth markets throughout the Southeast, Southwest, and Mid-Atlantic regions of the United States. As of December 31, 2020, MAA's portfolio encompassed 102,772 apartment units located across 16 states and the District of Columbia. Headquartered in Memphis, Tennessee, MAA employs 2,507 people and aims to generate long-term value across all phases of the real estate cycle through disciplined capital deployment and active property management.

Between FY2021 and FY2025, MAA grew annual revenue from $1.78B to $2.21B, achieving a 5-year revenue CAGR of 5.7%. However, annual top-line expansion slowed from a peak of 13.6% in FY2022 to 2.0% in FY2024 and 0.8% in FY2025. Operating margin declined from 32.1% in FY2023 to 28.0% in FY2025, while net margin fell from 31.6% in FY2022 to 20.2% in FY2025. Annual diluted EPS decreased from $5.80 in FY2022 to $4.19 in FY2025. For the trailing twelve months ended June 30, 2026, revenue stood at $2.22B with an operating margin of 25.4%. In the latest quarter ended June 30, 2026, quarterly revenue grew 1.0% year-over-year, while quarterly earnings increased 13.7%.

As of June 30, 2026, MAA held $51.8M in cash and short-term investments against $5.69B in total debt, resulting in net debt of $5.64B. Shareholders' equity was $5.43B on $11.99B in total assets, yielding a debt-to-equity ratio of 1.05 and a current ratio of 0.09. In FY2025, the company generated $1.08B in operating cash flow and $717.9M in free cash flow. Capital allocation in FY2025 included $360.2M in capital expenditures, $712.7M in dividends paid, and $27.2M in share buybacks.

MAA trades at a trailing P/E of 34.1x and a forward P/E of 33.6x, above the median of its S&P 500 Real Estate peers of 30.3x and 29.2x, respectively. Its enterprise value to EBITDA ratio is 16.0x, below the peer median of 17.6x, and its price-to-sales ratio of 6.3x is below the peer median of 7.1x. Over the past year, MAA stock fell 6.9%, trailing the S&P 500 (SPY) gain of 16.8%. Over five years, MAA posted a return of -28.2%, compared to an 83.0% return for the benchmark.

MAA pays a quarterly dividend with an annual forward payout of $6.12, reflecting a dividend yield of 5.25%. The trust has paid dividends for 33 consecutive years and achieved a 5-year annualized dividend growth rate of 8.7%. In FY2025, dividends paid totaled $712.7M, and the trailing payout ratio stood at 124.6%. The company's last ex-dividend date was October 15, 2026.

Wall Street coverage consists of 7 Strong Buy, 2 Buy, 14 Hold, 2 Sell, and 1 Strong Sell ratings. The mean price target is $138.60, representing an 18.8% upside relative to the October 16, 2026 closing price of $116.63. Consensus estimates project FY2026 revenue of $2.23B and EPS of $3.74. For FY2027, 7 analysts project revenue of $2.29B and EPS of $3.11. MAA beat EPS estimates in 2 of the past 4 quarters, with next earnings scheduled for October 28, 2026.

This page is an AI-written research summary of Mid-America Apartment Communities, Inc. (MAA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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