Mid-America Apartment Communities, Inc.

Mid-America Apartment Communities, Inc.

118.93
USD
-2.76
(-2.27%)
3.39EPS
35.69P/E
13.66BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
12.54
13.23
13.87
14.34
13.48
13.83
14.41
14.69
15.5
17.51
18.44
18.76
18.89
19.11
Basic EPS, GAAP
2.27
1.97
4.42
2.7
2.86
1.93
3.08
2.2
4.62
5.49
4.71
4.49
3.79
3.3
Free Cash Flow per Basic Share
5.1
5.14
6.17
6.18
5.83
6.46
6.86
7.22
7.8
9.18
9.76
9.41
9.22
8.6
Dividend per Share
2.78
2.92
3.09
3.17
3.52
3.73
3.88
4.04
4.13
4.71
5.62
5.91
6.09
6.15
Book Value per Share
39.45
38.48
39.79
56.5
55.88
54.1
53.24
51.47
51.98
52.18
52.39
51.03
48.63
45.7
Tangible Book Value per Share
38.72
38.34
39.69
56.13
55.82
54.07
53.22
51.46
51.97
52.18
52.39
51.03
48.63
45.7
Basic Weighted Avg Shares
51
75
75
79
113
114
114
114
115
115
117
117
117
116
Sales/Revenue/Turnover
635
992
1,043
1,125
1,529
1,571
1,641
1,678
1,778
2,020
2,148
2,191
2,209
2,225
Operating Margin (%)
24.58
24.61
27.9
28.07
24.51
25.49
26.35
25.48
26.14
31.13
32.06
29.97
28.04
26.3
Depreciation Expense
190
302
295
323
495
491
498
512
534
544
566
586
623
652
Net Income, GAAP
115
148
332
212
328
223
354
255
534
637
553
528
447
388
Effective Tax Rate (%)
2.33
1.39
0.47
0.75
0.77
1.13
1
1.25
2.42
- -
0.83
0.96
1
1.99
Profit Margin (%)
18.14
14.91
31.87
18.86
21.48
14.19
21.56
15.19
30.02
31.56
25.73
24.08
20.23
17.43
Working Capital
-49
-173
-169
-331
-721
-902
-472
-665
-454
-497
-1,006
-792
-1,214
-1,534
LT Debt
3,473
3,513
3,428
4,500
4,092
3,988
4,385
4,391
4,517
4,424
4,073
4,757
4,754
4,979
Total Equity
3,119
3,058
3,166
6,652
6,584
6,382
6,304
6,104
6,184
6,210
6,299
6,148
5,840
5,444
Return on Invested Capital (%)
2.48
3.43
4.35
2.95
3.1
3.52
3.95
3.94
4.25
- -
6.26
5.83
5.4
5.1
Return on Capital (%)
4.08
3.96
6.55
3.59
4.13
3.51
4.79
3.84
6.27
- -
6.37
6.18
5.54
5.2
Return on Common Equity (%)
5.96
5.06
11.27
4.5
5.09
3.5
5.72
4.2
8.92
10.54
9.05
8.67
7.61
6.89

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
727
664
860
LT Borrowings
4,929
5,028
4,979
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
116
116
116
Market Capitalization
14,209
16,119
13,657

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
112
65
85
Cash, Cash Equivalents & STI
72
52
26
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
1,357
1,365
1,619
Payables & Accruals
629
701
759
ST Debt
727
664
860
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.74%
-0.85%
-5.01%
Free Cash Flow
9.29%
5.82%
-1.83%
Net Income, GAAP
11.29%
19.13%
-15.28%
Sales/Revenue/Turnover
8.2%
5.75%
0.83%
Total Cash Common Dividend
12.81%
9.39%
3.22%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
544
546
551
550
2,191
2025
549
550
554
556
2,209
2026
554
555
560
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.22
0.87
0.98
1.42
4.49
2025
1.55
0.92
0.84
0.48
3.79
2026
1.06
1.04
0.72
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.48
1.48
1.48
1.48
5.91
2025
1.52
1.52
1.52
1.52
6.09
2026
1.54
1.54
1.54
- -
- -

Company Description

CEO
Bradley A. Hill
Full Time Employees
2,507
Sector
Finance
Industry
Real estate investment trusts
Address
6815 Poplar Avenue Germantown TN United States 38138-3606
IPO Date
Jan 28, 1994
Website
maac.com
Business
Mid-America Apartment Communities, Inc. (MAA) is a publicly traded real estate investment trust (REIT) primarily engaged in the acquisition, development, ownership, and operation of multifamily apartment communities. The company's core business involves managing a portfolio of high-quality residential apartment properties, including luxury and mid-market apartment units, primarily located in the Southeastern, Southwestern, and Mid-Atlantic regions of the United States. Its product offerings include multi-family housing units across approximately 296 communities comprising around 102,000 apartment units as of late 2023. MAA provides apartment rentals with a focus on pet-friendly, upscale living environments and also offers property management and asset management services associated with these residential communities. The company is headquartered in Memphis, Tennessee, and was founded in 1977. Recent major developments include an active expansion strategy through acquisitions and development projects. In 2024, MAA increased investments in interior renovations and repositioning programs for existing apartment units, resulting in substantial rent increases following upgrades. The company also focused on a strong development pipeline with seven projects under construction totaling over 2,300 units, along with plans for additional projects in 2025. This development activity is aimed at delivering average net operating income (NOI) yields at stabilization of 6.3%. Additionally, MAA made strategic land acquisitions adjacent to existing properties, such as a stabilized multifamily complex in the Kansas City area with 318 units, to facilitate future expansion phases. MAA has also implemented property-wide technological upgrades, including Wi-Fi retrofitting across several communities. MAA operates as a self-administered and self-managed entity and is included in the S&P 500 Index. Its geographic footprint concentrates on high-growth U.S. southern regions and select metropolitan areas, serving a broad tenant base spanning individual renters to families seeking quality apartment living. The company continues to emphasize portfolio optimization through renovations, asset growth, strategic acquisitions, and selective development to maintain market leadership in multifamily residential real estate. This focused approach, combined with its scale as one of the largest apartment owners in the U.S., positions Mid-America Apartment Communities as a leading player in the REIT sector catering to multifamily housing demand in prime regional markets.

Company News

  • Ultragenyx Announces the Marketing Authorisation Application (MAA) for its Investigational Gene Therapy for MPS IIIA (Sanfilippo syndrome Type A) is Under Review with the UK Medicines and Healthcare Products Regulatory Agency (MHRA)

  • MAA Announces Pricing of Senior Unsecured Notes Offering

  • 4 Apartment REITs Ranked by Dividend Coverage as Rental Markets Tighten

  • Mid-America Apartment Communities Q3 Earnings Call Highlights

  • Mid-America Apartment Communities, Inc. (MAA) Q3 2026 Earnings Call Transcript

  • Mid-America's Q3 FFO Meets Estimates, Revenues Beat as Occupancy Gains

  • Mid-America Apartment: Inflection Is Slow But Occurring

  • Here's What Key Metrics Tell Us About Mid-America Apartment Communities (MAA) Q3 Earnings

  • Mid-America Apartment Communities (MAA) Meets Q3 FFO Estimates

  • MAA REPORTS THIRD QUARTER 2026 RESULTS

  • Mid-America Apartment Stock Pre-Q3 Earnings: Smart Buy or Risky Move?

  • Buy 8 Barron's Big Better Bets (Than T-Bills) Out Of 14 'Safer' October DiviDogs

  • 3 Cheap REITs To Buy Before Rents Surge

  • Forget Being a Landlord: These 3 REITs Pay You to Own Apartments

  • Mid-America Apartment: Decade-High Yield And Turnaround Potential

  • Mid-America Apartment Communities, Inc. $MAA Stock Sold by Perpetual Ltd

  • Apartment Supply Is Finally Tightening. These 4 REITs Could Reward Investors

  • MAA Announces Date of Third Quarter 2026 Earnings Release, Conference Call

  • Wall Street Rarely Agrees, But It Just Did on These 5 Dividend Stocks Yielding 5% and More

  • The Next Big Move In Interest Rates: How I'm Buying The Dividend Sell-Off