Mid-America Apartment (MAA) AI Stock Analysis

• Market Cap: $16.61B
• Dividend Yield: 4.3%
• Average Volume (3M): 886.26K
• Price to Earnings (P/E): 28.5
• Beta (1Y): 0.61
• Revenue Growth: 1.19%
• EPS Growth: 10.52%
• Country: US
• Employees: 2,532
• Sector: Real Estate
• Sector Strength: 54
• Industry: REIT - Residential
• EPS (TTM): 0.96
• Shares Outstanding: 117,071,140
• 10 Day Avg. Volume: 988,147
• 30 Day Avg. Volume: 886,256
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.36
• Enterprise Value/Revenue: 10.25
• Enterprise Value/Gross Profit: 31.93
• Enterprise Value/Ebitda: 16.66
• 1Y Price Target: $162.18
• Price Target Upside: 16.03% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 19

• Rating: 69 Neutral
• Price Target: $156.00 ▲(11.61% Upside)

Mid-America Apartment's overall stock score is driven by solid financial performance and strategic growth initiatives, tempered by bearish technical indicators and high valuation metrics. The company's strong financial foundation and promising earnings outlook are significant positives, but potential economic challenges and negative technical trends present risks.

Positive Factors

Financial Performance

MAA reported core FFO numbers of $2.20, which was four cents higher than consensus and seven cents higher than analyst numbers, as well as above the company's expectations.

Investment Strategy

MAA distinguishes itself through a strategic focus on full-cycle investment performance, emphasizing quality apartment communities in key regions like the Southeast, Southwest, and Mid-Atlantic.

Market Conditions

The momentum in new lease rate growth is expected to last at least through 2027 due to strong forward supply/demand fundamentals.

Negative Factors

Earnings Guidance

3Q25 Core FFOps was initiated below Street at $2.16.

Lease Pricing

Lease pricing for new leases in the Same Store Portfolio decreased by 8.0% due to supply pressures.

Revenue Guidance

Same-store revenue guidance was cut -30bps to +0.1% as 2Q25 turned negative at -0.3%.

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 rental income derived from its extensive portfolio of apartment communities. The company leases apartments to individuals and families, charging monthly rents that vary based on the location, amenities, and market demand. Additionally, MAA may earn income through ancillary services such as laundry facilities, parking fees, and other resident services. The company benefits from economies of scale, as its large portfolio allows for efficient property management and reduced operating costs. Furthermore, MAA may engage in strategic partnerships, development projects, and acquisitions, which can provide additional revenue streams and enhance its market position.

Mid-America Apartment Financial Statement Overview

Summary

Mid-America Apartment demonstrates solid financial performance with strong profitability and efficient cash flow management. Key metrics such as a consistent Gross Profit Margin of 32% and a Net Profit Margin of 25.75% reflect robust financial health. The balance sheet is stable with a healthy Equity Ratio of 50.37% and manageable leverage. Cash flows are strong, with a Free Cash Flow to Net Income Ratio of 1.33, underscoring a solid financial foundation.

Income Statement

The company demonstrates strong profitability with a consistent Gross Profit Margin of approximately 32% in the TTM (Trailing-Twelve-Months). The Net Profit Margin has improved to 25.75% in the TTM, showing enhanced efficiency. Revenue growth is moderate, with a TTM increase of around 2.59% compared to the previous annual period, and EBIT and EBITDA margins remain healthy at 29.6% and 61.56%, respectively. This indicates stable operational performance and good cost management.

Balance Sheet

The company's balance sheet reflects a healthy Equity Ratio of 50.37% in the TTM, indicating a strong equity position. However, the Debt-to-Equity Ratio increased slightly to 0.85, suggesting moderate leverage. Return on Equity (ROE) shows improvement with a TTM rate of 9.5%, indicating efficient use of shareholder equity to generate profit. The balance sheet is stable, with manageable leverage levels and solid equity backing.

Cash Flow

The company's cash flow performance is solid, with a Free Cash Flow to Net Income Ratio of 1.33 in the TTM, indicating strong cash generation relative to net income. The Operating Cash Flow to Net Income Ratio stands at 1.94, highlighting excellent cash flow from operations. Although Free Cash Flow slightly decreased compared to the previous annual period, the overall cash flow position remains strong, supporting ongoing operations and potential investments.

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	705.48M	713.27M	747.48M	687.71M	517.75M	526.67M
EBITDA	1.35B	1.30B	1.29B	1.35B	1.25B	944.25M
Net Income	565.47M	527.54M	552.81M	637.44M	533.79M	254.96M
Balance Sheet
Total Assets	11.81B	11.81B	11.48B	11.24B	11.29B	11.19B
Cash, Cash Equivalents and Short-Term Investments	55.78M	43.02M	41.31M	38.66M	54.30M	25.20M
Total Debt	5.04B	5.01B	4.57B	4.44B	4.52B	4.56B
Total Liabilities	5.65B	5.66B	5.19B	5.03B	5.10B	5.09B
Stockholders Equity	5.95B	5.96B	6.11B	6.03B	6.00B	5.89B
Cash Flow
Free Cash Flow	751.87M	775.92M	597.81M	762.30M	615.33M	397.01M
Operating Cash Flow	1.09B	1.10B	1.14B	1.06B	894.97M	823.95M
Investing Cash Flow	-794.12M	-825.50M	-775.26M	-405.24M	-253.59M	-484.73M
Financing Cash Flow	-299.38M	-271.12M	-367.90M	-722.77M	-546.40M	-374.14M

Mid-America Apartment Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 139.77
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MAA, the sentiment is Negative. The current price of 139.77 is below the 20-day moving average (MA) of 145.77, below the 50-day MA of 147.33, and below the 200-day MA of 152.85, indicating a bearish trend. The MACD of -2.85 indicates Positive momentum. The RSI at 36.96 is Neutral, neither overbought nor oversold. The STOCH value of 15.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MAA.

Mid-America Apartment Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EQR	78 Outperform	$23.95B	23.99	9.20%	4.27%	4.49%	5.87%
UDR	70 Neutral	$12.53B	98.67	3.74%	4.52%	2.29%	-4.89%
MAA	69 Neutral	$16.61B	28.50	9.58%	4.30%	1.19%	10.52%
ESS	68 Neutral	$16.93B	20.42	14.40%	3.95%	7.56%	54.15%
CPT	68 Neutral	$14.84B	73.17	3.30%	3.97%	0.76%	-60.70%
INVH	66 Neutral	$18.41B	66.94	5.65%	3.83%	4.41%	-0.16%
Sector *	63 Neutral	$6.82B	13.21	-0.62%	7.17%	3.67%	-27.43%

Mid-America Apartment Corporate Events

Mid-America Apartment Highlights at Nareit REITweek 2025

MAA announced its participation in the Nareit REITweek 2025 Investor Conference, highlighting its strong market positioning and operational strategies. The company emphasized its robust development pipeline, disciplined capital allocation, and strong balance sheet, which support its continued growth and ability to deliver attractive returns for investors.

The most recent analyst rating on (MAA) stock is a Hold with a $165.00 price target. To see the full list of analyst forecasts on Mid-America Apartment stock, see the MAA Stock Forecast page.

Mid-America Apartment Holds 2025 Annual Shareholder Meeting

On May 20, 2025, Mid-America Apartment held its 2025 Annual Meeting of Shareholders, where shareholders voted on several key matters. Eleven directors were elected to serve until the 2026 Annual Meeting, executive compensation was approved in an advisory vote, and Ernst & Young LLP was ratified as the independent registered public accounting firm for 2025.

The most recent analyst rating on (MAA) stock is a Hold with a $165.00 price target. To see the full list of analyst forecasts on Mid-America Apartment stock, see the MAA Stock Forecast page.