Mid-America Apartment (MAA) AI Stock Analysis

• Market Cap: $17.50B
• Dividend Yield: 4.19%
• Average Volume (3M): 861.70K
• Price to Earnings (P/E): 29.3
• Beta (1Y): 0.62
• Revenue Growth: 1.19%
• EPS Growth: 10.52%
• Country: US
• Employees: 2,532
• Sector: Real Estate
• Sector Strength: 49
• Industry: REIT - Residential
• EPS (TTM): 0.96
• Shares Outstanding: 117,071,140
• 10 Day Avg. Volume: 764,706
• 30 Day Avg. Volume: 861,699
• 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: 1.29
• Enterprise Value/Revenue: 10.25
• Enterprise Value/Gross Profit: 31.93
• Enterprise Value/Ebitda: 16.66
• 1Y Price Target: $159.32
• Price Target Upside: 11.09% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 20

• Rating: 74 Outperform
• Price Target: $161.00 ▲(12.27% Upside)

Mid-America Apartment's overall stock score reflects its solid financial performance and positive earnings call sentiment. The company's strategic positioning in high-growth markets and strong dividend yield are significant strengths. However, technical indicators suggest a neutral trend, and valuation metrics indicate moderate pricing, which slightly tempers the overall score.

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.

Stock Valuation

The combination of accelerating growth and a discounted stock valuation should be a good setup for the stock, which trades at a 6.2% implied cap rate that prices it much cheaper than private market.

Negative Factors

Price Target

The 12-month price target is being trimmed to $158 from $171, indicating a more conservative outlook.

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 financial stability with strong profitability and efficient cash flow management. The company maintains healthy margins and a strong equity base while managing its leverage effectively. Despite moderate revenue growth, the consistent performance across key financial metrics underscores a solid financial foundation and potential for sustained growth.

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	474.37M
EBITDA	1.35B	1.30B	1.29B	1.35B	1.25B	945.08M
Net Income	565.47M	527.54M	552.81M	637.44M	533.79M	254.62M
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	5.97B	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: 143.41
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 143.41 is above the 20-day moving average (MA) of 141.72, below the 50-day MA of 145.55, and below the 200-day MA of 152.34, indicating a neutral trend. The MACD of -0.48 indicates Negative momentum. The RSI at 49.53 is Neutral, neither overbought nor oversold. The STOCH value of 59.33 is Neutral, 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
SUI	75 Outperform	$15.88B	12.21	-1.51%	6.27%	-14.17%	1097.53%
MAA	74 Outperform	$17.50B	29.31	9.58%	4.19%	1.19%	10.52%
AMH	74 Outperform	$13.29B	31.19	5.99%	3.22%	7.19%	15.70%
INVH	69 Neutral	$19.18B	67.61	5.65%	3.80%	4.41%	-0.16%
CPT	68 Neutral	$15.85B	75.77	3.30%	3.83%	0.76%	-60.70%
ESS	66 Neutral	$18.01B	20.95	14.40%	3.84%	7.56%	54.15%
Sector *	63 Neutral	$6.95B	13.72	-0.50%	6.99%	4.08%	-25.24%

Mid-America Apartment Corporate Events

Mid-America Apartment Highlights Strong Financial Performance

On September 3, 2025, Mid-America Apartment Communities, Inc. (MAA) will present a capital markets update to investors, highlighting its robust financial performance and strategic positioning in the multifamily real estate sector. The company emphasizes its strong demand dynamics and declining supply impact, which are expected to support continued growth. MAA’s disciplined capital allocation and diversified portfolio strategy in high-growth Sunbelt markets are key factors in its ability to outperform peers and deliver superior long-term shareholder returns.