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Mid-America Apartment Communities (MAA)
NYSE:MAA

Mid-America Apartment (MAA) AI Stock Analysis

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MAA

Mid-America Apartment

(NYSE:MAA)

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Outperform 71 (OpenAI - 4o)
Rating:71Outperform
Price Target:
$145.00
▲(5.77% Upside)
Mid-America Apartment's strong financial performance and robust dividend yield are key strengths. However, technical indicators suggest bearish momentum, and challenges in new lease rates and supply pressures weigh on the outlook.

Mid-America Apartment (MAA) vs. SPDR S&P 500 ETF (SPY)

Mid-America Apartment Business Overview & Revenue Model

Company DescriptionMAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States. As of December 31, 2020, MAA had ownership interest in 102,772 apartment units, including communities currently in development, across 16 states and the District of Columbia.
How the Company Makes MoneyMAA generates revenue primarily through the leasing of apartment units to residents, which constitutes its core business model. The company's key revenue streams include rental income from both residential leases and ancillary income from services such as pet fees, parking fees, and other community amenities. Additionally, MAA benefits from strategic partnerships with construction and development firms, allowing for cost-effective property improvements and expansions. The company also capitalizes on favorable market conditions and demographic trends to optimize occupancy rates and rental pricing, contributing to its overall financial performance.

Mid-America Apartment Earnings Call Summary

Earnings Call Date:Oct 29, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Feb 04, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook with strong occupancy and successful development and acquisition strategies on the positive side, while facing challenges with new lease rates and supply pressures in specific markets. Guidance adjustments indicate caution in the near term.
Q3-2025 Updates
Positive Updates
Resilient Core FFO Results
Third quarter core FFO results met expectations, demonstrating the resilience of MAA's platform and strategy despite broader economic challenges.
Strong Occupancy and Collections
Occupancy levels have increased 450 basis points over the past 5 quarters, approaching pre-COVID levels, with a current occupancy of 95.6% and strong collections with net delinquency at just 0.3% of billed rents.
Development and Acquisition Success
Recent acquisitions and development projects, such as the Kansas City acquisition and Scottsdale development, are expected to deliver NOI yields of 5.8% to 6.5%.
High Rent-to-Income Ratios
The rent-to-income ratio remains healthy at a low of 20%, supported by high annual wage growth in the region.
Negative Updates
New Lease Rate Challenges
New lease rates have shown lack of traction with a decline of 5.2% year over year, despite slight improvements from the previous quarter.
Guidance Adjustments
Same-store revenue guidance was revised to negative 0.05%, with overall core FFO guidance adjusted to reflect lower recovery trajectory on new lease rents.
Supply Pressure in Certain Markets
Austin and Nashville continue to face significant pricing pressure due to record supply levels.
Company Guidance
In the MAA Third Quarter 2025 Earnings Conference Call, management provided guidance highlighting key metrics. The call discussed a robust occupancy rate of 95.6%, alongside a low net delinquency of just 0.3% of billed rents, indicating strong collections. The company noted an improvement in new renewal and blended lease rates, with blended pricing for the quarter at a positive 0.3%. Additionally, MAA's exposure to new starts was only 0.2% of inventory in the third quarter, with starts over the trailing four quarters at 1.8% of inventory, which is about half the historical norm. This positions MAA for sustained improvement as supply pressures ease. The company also mentioned a favorable rent-to-income ratio of 20% and highlighted the low move-out rate for home purchases at 10.8%. MAA's balance sheet remains strong, with a recent credit facility expansion, maintaining a net debt-to-EBITDA ratio of 4.2x, and 91% of outstanding debt fixed at an average rate of 3.8%. The guidance also reflected adjustments to the full-year core FFO, now anticipated to be $8.74 per share, with revised same-store revenue guidance to negative 0.05% and same-store NOI to negative 1.35%, primarily due to lower recovery in new lease rents and favorable property tax valuations.

Mid-America Apartment Financial Statement Overview

Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Mid-America Apartment Technical Analysis

Technical Analysis Sentiment
Positive
Last Price137.09
Price Trends
50DMA
132.00
Positive
100DMA
135.91
Positive
200DMA
144.44
Negative
Market Momentum
MACD
0.44
Negative
RSI
64.78
Neutral
STOCH
66.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MAA, the sentiment is Positive. The current price of 137.09 is above the 20-day moving average (MA) of 133.26, above the 50-day MA of 132.00, and below the 200-day MA of 144.44, indicating a neutral trend. The MACD of 0.44 indicates Negative momentum. The RSI at 64.78 is Neutral, neither overbought nor oversold. The STOCH value of 66.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MAA.

Mid-America Apartment Peers Comparison

Overall Rating
UnderperformOutperform
Sector (―)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
$14.87B42.635.79%4.03%1.41%-21.93%
71
Outperform
$16.00B28.229.41%4.55%0.91%6.55%
70
Outperform
$11.65B26.646.36%3.86%7.63%23.16%
70
Neutral
$15.24B15.43-5.55%6.34%-20.69%330.60%
69
Neutral
$17.03B19.4215.30%3.98%6.92%53.76%
69
Neutral
$16.45B51.635.99%4.31%6.82%27.91%
* Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
MAA
Mid-America Apartment
137.09
-7.70
-5.32%
SUI
Sun Communities
124.13
11.18
9.90%
ESS
Essex Property
262.45
-11.55
-4.22%
CPT
Camden Property
107.79
-1.35
-1.24%
AMH
American Homes
32.02
-2.69
-7.75%
INVH
Invitation Homes
27.36
-3.12
-10.24%

Mid-America Apartment Corporate Events

Business Operations and StrategyFinancial Disclosures
Mid-America Apartment Investor Presentation Release
Positive
Dec 8, 2025

On December 8, 2025, Mid-America Apartment will release a presentation to investors detailing its strategic positioning and financial outlook. The company highlights its strong demand dynamics, declining supply impact, and superior long-term shareholder returns. MAA’s focus on high-growth Sunbelt markets and its ability to capture positive in-migration trends are key to its continued success. The presentation also addresses potential risks, including economic conditions and competition, while emphasizing MAA’s resilience and strategic initiatives to maintain its REIT status and deliver value to stakeholders.

Private Placements and Financing
Mid-America Apartment Issues $400M Senior Notes
Neutral
Nov 10, 2025

On November 10, 2025, Mid-America Apartments, L.P. issued $400 million in 4.650% Senior Notes due 2033. The notes, governed by an indenture agreement with U.S. Bank Trust Company, offer semi-annual interest payments and options for early redemption. This financial move allows the company flexibility in managing its debt obligations, potentially impacting its financial stability and attractiveness to investors.

Private Placements and FinancingBusiness Operations and Strategy
Mid-America Apartment Announces $400M Senior Notes Offering
Positive
Nov 3, 2025

On November 3, 2025, Mid-America Apartments, L.P., the operating partnership of Mid-America Apartment Communities, Inc., announced the pricing of a $400 million offering of 4.650% senior unsecured notes due in 2033. The proceeds from this offering are intended to repay borrowings under its unsecured commercial paper program and for general corporate purposes, including debt repayment and apartment community projects. This move is expected to impact the company’s financial strategy by providing funds for debt management and potential growth opportunities.

Private Placements and Financing
Mid-America Apartment Secures $1.5 Billion Credit Facility
Neutral
Oct 23, 2025

On October 21, 2025, Mid-America Apartments, L.P. (MAALP) entered into a Fifth Amended and Restated Credit Agreement with several financial institutions, including Wells Fargo and JPMorgan Chase. This agreement establishes an unsecured revolving credit facility of up to $1.5 billion, with provisions for extensions and an accordion feature to increase the credit limit to $2.0 billion. The facility is intended for general corporate purposes, such as debt repayment and supporting MAALP’s commercial paper program. The agreement includes various financial covenants and events of default that could impact MAALP’s financial obligations.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 09, 2025