Mid-America Apartment Communities (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.
| Revenue (TTM) | $2.21B |
| Gross Profit (TTM) | $1.29B |
| EBITDA | $1.24B |
| Operating Margin | 26.60% |
| Return on Equity | 6.71% |
| Return on Assets | 3.19% |
| Revenue/Share (TTM) | $18.94 |
| Book Value | $47.62 |
| Price-to-Book | 2.80 |
| Price-to-Sales (TTM) | 7.19 |
| EV/Revenue | 9.56 |
| EV/EBITDA | 17.24 |
| Quarterly Earnings Growth (YoY) | -31.50% |
| Quarterly Revenue Growth (YoY) | 0.80% |
| Shares Outstanding | $116.39M |
| Float | $115.12M |
| % Insiders | 0.46% |
| % Institutions | 97.02% |
Volatility is currently contracting
MAA heads into Q2 earnings results with steady occupancy, improving lease trends and easing supply pressures, but higher costs are likely to have weighed on core FFO.
Mid-America Apartment Communities is rated Hold due to unattractive valuation despite improving Sunbelt apartment supply-demand dynamics. Sunbelt construction starts and deliveries are declining, supporting future rent growth, but new-lease pricing remains negative and recovery is uneven across markets. MAA leverages apartment upgrades and its ReiMAAgined operating platform to drive NOI growth, targeting high cash-on-cash returns and operational efficiency.
MAA's balance sheet is strong (low secured debt ratio ~2%, "A3" overall credit rating), but all three instruments are currently unattractive. MAA's asset yield is 10.33%, the asset coverage ratio is 211%, and the market-adjusted asset yield stands at 5.63%. MAA.PR.I preferred shares trade above par with a negative yield to worst, prompting a clear 'sell' recommendation until yields exceed 5%.
REITs are poised for 6-7% earnings growth in coming years, outpacing the historical 3-4% average, with multiple sectors showing accelerating fundamentals. Shopping centers, healthcare (notably senior housing), and data centers are standout sectors, benefiting from robust private market demand, supply constraints, and AI-driven tailwinds. Office REITs see improving leasing, especially from AI-related demand, while quality bifurcation widens; overweight positions in BXP and CUZ reflect this thesis.
GERMANTOWN, Tenn., July 1, 2026 /PRNewswire/ -- MAA (NYSE: MAA) announced today that the Company expects to release its second quarter 2026 results on Wednesday, July 29, 2026, after market close and will hold a conference call on Thursday, July 30, 2026, at 9:00 a.m.
Mid-America Apartment Communities is efficiently priced, with the current NAVPS only 4.5% above the market price, warranting a hold rating. MAA's Sunbelt-focused portfolio benefits from strong job growth, in-migration, and affordability but faces headwinds from recent oversupply in key markets. Operating performance is stabilizing, with negative new lease growth moderating and same-store NOI growth guidance for 2026 less negative than 2025.
If Mid-America Apartment Communities (NYSE:MAA | MAA Price Prediction) lives up to its billing as a retiree's hedge against a hawkish Fed, the dividend has to be the load-bearing wall.
MAA climbs 8.5% in three months as Sun Belt demand, development projects, upgrades and a strong balance sheet support growth prospects.
Mid-America Apartment Communities, Inc. (MAA) Presents at Nareit REITweek: 2026 Investor Conference Transcript
GERMANTOWN, Tenn., June 1, 2026 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced a full quarterly dividend of $1.0625 per outstanding share of its 8.50% Series I Cumulative Redeemable Preferred Stock.
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