Mid-America Apartment (MAA) AI Stock Analysis

• Market Cap: $16.37B
• Dividend Yield: 4.42%
• Average Volume (3M): 994.54K
• Price to Earnings (P/E): 28.9
• Beta (1Y): 0.42
• Revenue Growth: 0.91%
• EPS Growth: 6.55%
• Country: US
• Employees: 2,532
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Residential
• EPS (TTM): 0.81
• Shares Outstanding: 117,081,740
• 10 Day Avg. Volume: 1,013,744
• 30 Day Avg. Volume: 994,541
• PEG Ratio: -7.33
• Price to Book (P/B): 3.03
• Price to Sales (P/S): 8.24
• P/FCF Ratio: 23.26
• Enterprise Value/Market Cap: 1.31
• Enterprise Value/Revenue: 9.76
• Enterprise Value/Gross Profit: 31.67
• Enterprise Value/Ebitda: 15.72
• 1Y Price Target: $147.18
• Price Target Upside: 8.01% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 18
• EPS Forecast (FY): 3.44
• Revenue Forecast (FY): $2.25B

• Rating: 71 Outperform
• Price Target: $145.00 ▲(6.41% 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.

Positive Factors

Strong Occupancy and Collections

High occupancy rates and low delinquency indicate strong demand for MAA's properties, supporting stable revenue streams and operational efficiency.

Development and Acquisition Success

Successful development and acquisitions enhance MAA's portfolio, providing growth opportunities and improving long-term profitability through higher NOI yields.

Strategic Market Focus

Targeting high-growth regions allows MAA to capitalize on demographic trends, supporting sustained revenue growth and competitive positioning.

Negative Factors

New Lease Rate Challenges

Declining new lease rates can pressure revenue growth and profitability, indicating potential challenges in maintaining competitive pricing.

Supply Pressure in Certain Markets

Excess supply in key markets can lead to pricing pressures, impacting MAA's ability to raise rents and maintain occupancy levels.

Declining Free Cash Flow

Reduced free cash flow limits MAA's ability to invest in growth opportunities and manage debt, potentially affecting long-term financial health.

Mid-America Apartment Business Overview & Revenue Model

Company Description

MAA, 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 Money

MAA 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 Financial Statement Overview

Summary

Mid-America Apartment demonstrates strong revenue growth and profitability, supported by efficient operations and a stable balance sheet. However, the significant drop in free cash flow growth is a potential risk.

Income Statement

Mid-America Apartment shows strong revenue growth with a TTM increase of 14.8%. The company maintains healthy margins, with a gross profit margin of 30.8% and a net profit margin of 25.2% in the TTM. EBIT and EBITDA margins are robust at 34.3% and 62.2%, respectively, indicating efficient operations. However, the slight decline in gross profit margin over the years suggests potential cost pressures.

Balance Sheet

The company maintains a stable balance sheet with a debt-to-equity ratio of 0.89, reflecting moderate leverage. Return on equity is reasonable at 9.4%, indicating effective use of equity capital. The equity ratio stands at 48.9%, showing a balanced capital structure. However, the increasing debt levels over the years could pose a risk if not managed carefully.

Cash Flow

Operating cash flow remains positive, but the free cash flow has seen a significant decline of 79.6% in the TTM, which could impact future investments. The operating cash flow to net income ratio is healthy at 1.19, indicating good cash generation relative to profits. However, the declining free cash flow growth rate is a concern that needs addressing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.20B	2.19B	2.15B	2.02B	1.78B	1.68B
Gross Profit	679.17M	713.27M	747.48M	687.71M	517.75M	474.37M
EBITDA	1.37B	1.30B	1.29B	1.35B	1.25B	945.08M
Net Income	555.98M	527.54M	552.81M	637.44M	533.79M	254.62M
Balance Sheet
Total Assets	11.93B	11.81B	11.48B	11.24B	11.29B	11.19B
Cash, Cash Equivalents and Short-Term Investments	32.25M	43.02M	41.31M	38.66M	54.30M	25.20M
Total Debt	5.20B	5.01B	4.57B	4.44B	4.52B	4.56B
Total Liabilities	5.91B	5.66B	5.19B	5.03B	5.10B	5.09B
Stockholders Equity	5.84B	5.96B	6.11B	6.03B	6.00B	5.89B
Cash Flow
Free Cash Flow	711.95M	775.92M	795.96M	762.30M	383.69M	598.44M
Operating Cash Flow	1.06B	1.10B	1.14B	1.06B	894.97M	823.95M
Investing Cash Flow	-666.60M	-825.50M	-775.26M	-405.24M	-253.59M	-484.73M
Financing Cash Flow	-407.15M	-271.12M	-367.90M	-722.77M	-546.40M	-374.14M

Mid-America Apartment Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 136.27
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 136.27 is below the 20-day moving average (MA) of 136.80, above the 50-day MA of 133.75, and below the 200-day MA of 142.44, indicating a neutral trend. The MACD of 0.49 indicates Positive momentum. The RSI at 51.37 is Neutral, neither overbought nor oversold. The STOCH value of 30.02 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CPT	73 Outperform	$15.22B	43.61	5.79%	3.90%	1.41%	-21.93%
MAA	71 Outperform	$16.37B	28.88	9.41%	4.42%	0.91%	6.55%
AMH	70 Outperform	$11.68B	26.71	6.36%	3.81%	7.63%	23.16%
ESS	69 Neutral	$16.88B	19.25	15.30%	3.98%	6.92%	53.76%
INVH	69 Neutral	$16.40B	51.45	5.99%	4.30%	6.82%	27.91%
SUI	66 Neutral	$15.66B	15.85	-5.55%	6.34%	-20.69%	330.60%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Mid-America Apartment Corporate Events

Mid-America Apartment Investor Presentation Release

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.

The most recent analyst rating on (MAA) stock is a Buy with a $145.00 price target. To see the full list of analyst forecasts on Mid-America Apartment stock, see the MAA Stock Forecast page.

Mid-America Apartment Issues $400M Senior Notes

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.

The most recent analyst rating on (MAA) stock is a Hold with a $132.00 price target. To see the full list of analyst forecasts on Mid-America Apartment stock, see the MAA Stock Forecast page.

Mid-America Apartment Announces $400M Senior Notes Offering

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.

The most recent analyst rating on (MAA) stock is a Hold with a $140.00 price target. To see the full list of analyst forecasts on Mid-America Apartment stock, see the MAA Stock Forecast page.

Mid-America Apartment Secures $1.5 Billion Credit Facility

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.

The most recent analyst rating on (MAA) stock is a Hold with a $143.00 price target. To see the full list of analyst forecasts on Mid-America Apartment stock, see the MAA Stock Forecast page.