MAA
NYSE · USDMid-America Apartment Communities, Inc.
Real Estate · REIT - Residential
CEO Adrian Bradley Hill
Employees 2,507
R&D / revenue 0.0%
Last price
$116.63+0.31%last session
Market cap
$13.5B
P/E (TTM)
34.1x
From 52w high
−19.2%
From 52w low
+2.4%
1-year return
−11.3%
RSI 14 · vs SMA200
43.5 · −10.1%
IS score
37.2/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)
One year, rebased to 100
MAA SPY XLRE (sector ETF) · weekly closesScore DNA
Each bar is a 0-100 score within the scored universe60Profitability
22Growth
43Value
56Momentum
30Risk (safety)
76Quality
35Balance sheet
90Earnings quality
Flags
Strengths
✓ Insider buying✓ Congress buying
Warnings
▲ Altman distress zone
Observations
Moat model: Weak, Cost AdvantagePiotroski 7 / 9Altman Z 1.6Beta 0.714 of 4 smart-money sources active
Smart-money strip
Each disclosure source on its own window. Filings coinciding is not coordination.INSForm 4 · 180 days
Insider open-market buys
2
$0.14M bought
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
1
Last disclosed purchase 2026-06-02
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+24
107 new holders, 76 closed
776 filers hold 98.4% · 294 added, 265 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+85
753 funds adding shares
668 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
55.4%
20-day avg 50.8%, 50-day avg 54.9%
Latest 4.6 pp over its 20-day average · a flow, not short interest
Key financials · FY2025
USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.Income statement
Revenue$2.2B
Revenue growth YoY+0.8%
Gross margin31.8%
Operating income$619.4M
Operating margin28.0%
Net income$446.9M
Net margin20.2%
EPS (diluted)$3.78
Cash flow
Operating cash flow$1.1B
Capital expenditure$360.2M
Free cash flow$717.9M
FCF conversion (FCF / OCF)66.6%
Stock-based compensation$16.8M
FCF less SBC$701.1M
Buybacks$27.2M
Dividends$712.7M
Balance sheet & returns
Cash & short-term investments$106.7M
Total debt$5.4B
Net debt$5.3B
Shareholders' equity$5.8B
Goodwill & intangibles$0
Debt / equity1.05
ROE (TTM)7.2%
ROIC (TTM)5.2%
Operating margin by fiscal year
Revenue $1.8B (FY2021) to $2.2B (FY2025), a 5.6% CAGR.
Valuation
P/E (TTM)34.1x
EV / EBITDA15.2x
Price / sales6.10x
Price / FCF23.8x
FCF yield4.21%
Buyback yield0.20%
SBC / revenue0.8%
Price / book2.49x
Forward P/E FY202631.9x
Forward P/E FY202737.2x
Forward P/E FY202833.7x
Forward multiples divide today's price by Street EPS estimates. Street mean target $135.00 across 18 analysts last quarter is theirs, not ours.
MAA vs industry median
40 companies in REIT - Residential
MAA (TTM)Industry median
Asset turnover 0.18 vs industry 0.13 · financial leverage 2.21
Earnings delivery
Next report 2026-10-28 · consensus EPS $0.7783%
beat rate, 10 of 12 quarters
+0.7%
median EPS surprise
5
longest beat streak
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-25 to 2026-07-29. Bars cap at ±60%.
Peers
Market-cap band, not the industry cohort above| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | 12m return |
|---|---|---|---|---|---|---|
| MAA Mid-America Apartment Commun | $13.5B | 34.1x | 7.2% | 18.2% | +0.8% | −11.3% |
| SUI Sun Communities, Inc. | $14.4B | n/m | -13.4% | — | −20.0% | −4.5% |
| ELS Equity LifeStyle Properties, | $11.9B | 30.6x | 23.0% | 24.2% | +9.6% | +1.9% |
| INVH Invitation Homes Inc. | $16.0B | 24.8x | 7.1% | 29.3% | +6.7% | −4.9% |
| AMH American Homes 4 Rent | $11.2B | 24.8x | 6.8% | 24.9% | +4.5% | −3.2% |
| UDR UDR, Inc. | $11.0B | 21.7x | 16.7% | 16.2% | +1.5% | — |
| ESS Essex Property Trust, Inc. | $17.3B | 41.9x | 7.6% | 12.8% | +4.7% | — |
| CPT Camden Property Trust | $9.9B | 32.6x | 7.8% | 4.8% | +0.8% | — |
12-month window: SPY +15.9%, sector ETF XLRE +0.9%. Past returns describe history only.
Recent 8-K filings
No 8-K filings on file.
Context
Shares outstanding116,021,957
Free float99.2%
Institutional ownership98.4%
Beta0.71
Dividend yield5.25%
Last dividend$1.53 on 2026-10-15
50 / 200-day average$124.55 / $130.14
Large-cap Real Estate median P/E26.2x
Full factsheet
The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).
Read it in the browser Download (PDF)All fundamentals · 140 measures in 13 categories
Percentile = where MAA sits among 13 scored companies in REIT - Residential (0 = lowest value, 100 = highest). It is a position, not a grade.ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)
Valuation
| Measure | MAA | Industry percentile |
|---|---|---|
| P/E (TTM) | 33.6x | 67th |
| PEG (P/E ÷ 3-yr EPS CAGR) | — | |
| Price / sales | 6.1x | 58th |
| Price / book | 2.5x | 58th |
| Price / tangible book | 3.0x | 67th |
| Price / free cash flow | 23.8x | 83rd |
| Price / operating cash flow | 13.4x | 67th |
| Enterprise value | $19.2B | 83rd |
| EV / sales | 8.6x | 50th |
| EV / EBITDA | 15.2x | 50th |
| EV / EBIT | 31.0x | 55th |
| EV / free cash flow | 33.7x | 83rd |
| Earnings yield | 3.0% | 50th |
| FCF yield | 4.2% | 17th |
| Operating cash flow yield | 7.5% | 33rd |
| Graham number (per share) | $60.45 | 89th |
Profitability (TTM)
| Measure | MAA | Industry percentile |
|---|---|---|
| Gross margin | 47.3% | 50th |
| EBITDA margin | 56.8% | 36th |
| Operating margin | 26.9% | 50th |
| EBIT margin | 27.9% | 45th |
| Net margin | 18.2% | 42nd |
| NOPAT margin | 26.3% | 50th |
| FCF margin | 25.7% | 18th |
| Operating cash flow margin | 45.6% | 64th |
| R&D / revenue | 0.0% | 0th |
| SG&A / revenue | 4.4% | 42nd |
| Stock comp / revenue | 0.8% | 33rd |
| Effective tax rate | 2.1% | 67th |
Returns on capital
| Measure | MAA | Industry percentile |
|---|---|---|
| ROE (on average equity) | 7.1% | 58th |
| ROA | 3.4% | 50th |
| ROIC | 5.3% | 75th |
| ROCE | 5.5% | 58th |
| Return on tangible assets | 5.2% | 42nd |
| Cash ROIC (OCF / invested capital) | 9.1% | 50th |
| Gross profitability (GP / assets) | 8.7% | 58th |
| ROIC, 3-yr average | 5.1% | 82nd |
| ROIC, 5-yr average | 5.3% | 91st |
| ROE, 5-yr average | 9.0% | 82nd |
| Incremental ROIC | 14.7% | 33rd |
Growth
| Measure | MAA | Industry percentile |
|---|---|---|
| Revenue growth (TTM YoY) | 0.8% | 25th |
| Revenue growth (QoQ) | 0.3% | 33rd |
| Revenue CAGR, 3 yr | 1.6% | 45th |
| Revenue CAGR, 5 yr | 5.4% | 18th |
| Gross profit CAGR, 3 yr | 12.1% | 82nd |
| Operating income CAGR, 3 yr | -4.6% | 45th |
| Net income growth (TTM YoY) | -29.5% | 11th |
| Net income CAGR, 3 yr | -12.3% | 14th |
| EPS growth (TTM YoY) | -28.8% | 11th |
| EPS CAGR, 3 yr | -12.1% | 14th |
| EPS CAGR, 5 yr | -0.4% | 12th |
| FCF growth (TTM YoY) | -24.7% | 18th |
| FCF CAGR, 3 yr | -11.1% | 0th |
| Operating cash flow CAGR, 3 yr | -4.2% | 0th |
| Book value CAGR, 3 yr | -4.1% | 45th |
| Dividend CAGR, 3 yr | 0.8% | 45th |
| Sustainable growth rate | -5.5% | 22nd |
Margin history & stability
| Measure | MAA | Industry percentile |
|---|---|---|
| Gross margin, 3-yr average | 37.5% | 9th |
| Operating margin, 3-yr average | 28.9% | 82nd |
| Net margin, 3-yr average | 22.6% | 73rd |
| FCF margin, 3-yr average | 29.6% | 36th |
| Revenue stability (0-1) | 0.82 | 45th |
| Earnings stability (0-1) | 0.01 | 0th |
| Margin stability (0-1) | 0.82 | 45th |
Liquidity (latest quarter)
| Measure | MAA | Industry percentile |
|---|---|---|
| Cash & short-term investments | $51.8M | 58th |
| Net cash (− = net debt) | −$5.6B | 25th |
| Working capital | −$636.2M | 8th |
| Current ratio | 0.09 | 0th |
| Quick ratio | 0.09 | 0th |
| Cash ratio (cash + ST investments / current liabilities) | 0.07 | 8th |
| Defensive interval (days) | 42 days | 0th |
Leverage & solvency (latest quarter)
| Measure | MAA | Industry percentile |
|---|---|---|
| Total debt | $5.7B | 75th |
| Debt / equity | 1.05 | 50th |
| Net debt / equity | 1.04 | 50th |
| Debt / assets | 47.5% | 50th |
| Debt / capital | 51.2% | 50th |
| Debt / EBITDA | 4.52 | 42nd |
| Net debt / EBITDA | 4.48 | 42nd |
| Interest coverage (EBIT / interest) | 3.1x | 67th |
| Cash interest coverage | 5.1x | 75th |
| Debt payback (years of OCF) | 5.6 yrs | 25th |
| Liabilities / assets | 53.3% | 50th |
| IS credit model rating | BB+ | |
| Implied credit spread (bps) | 400 | 42nd |
Efficiency
| Measure | MAA | Industry percentile |
|---|---|---|
| Asset turnover | 0.19 | 92nd |
| Fixed asset turnover | 0.19 | 43rd |
| Inventory turnover | — | |
| Receivables turnover | — | |
| Days sales outstanding | 0 days | 0th |
| Days inventory outstanding | — | |
| Days payables outstanding | 0 days | 0th |
| Cash conversion cycle (days) | 0 days | 55th |
| Capex / revenue | 19.9% | 80th |
| Capex / depreciation | 0.69 | 89th |
| Operating expense ratio | 35.2% | 25th |
Cash flow & earnings quality
| Measure | MAA | Industry percentile |
|---|---|---|
| Operating cash flow / net income | 2.51 | 56th |
| FCF / net income | 1.41 | 22nd |
| FCF / operating cash flow | 56.3% | 20th |
| Capex / operating cash flow | 43.7% | 80th |
| Accruals ratio | -5.1% | 50th |
| Sloan accruals ratio | -2.8% | 50th |
| Earnings quality score (0-1) | 0.75 | 0th |
Scores & forensic checks
| Measure | MAA | Industry percentile |
|---|---|---|
| IS score | 37 | 25th |
| IS profitability | 60 | 58th |
| IS growth | 22 | 8th |
| IS value | 43 | 25th |
| IS momentum | 56 | 17th |
| IS risk (safety) | 30 | 42nd |
| IS quality | 76 | 67th |
| IS balance sheet | 35 | 42nd |
| IS earnings quality | 90 | 67th |
| IS cash flow | 56 | 25th |
| Piotroski F-score (0-9) | 7 | 67th |
| Altman Z-score | 1.6 | 67th |
| Beneish M-score | −3.63 | 36th |
| Ohlson O-score | −6.94 | 67th |
| IS credit score | 46 | 42nd |
Size (TTM)
| Measure | MAA | Industry percentile |
|---|---|---|
| Market cap | $13.5B | 75th |
| Revenue | $2.2B | 92nd |
| EBITDA | $1.3B | 75th |
| Net income | $403.2M | 58th |
| Free cash flow | $569.4M | 42nd |
| Total assets | $12.0B | 75th |
| Shareholders' equity | $5.4B | 67th |
| Employees | 2,507 | 83rd |
Insider transactions, last 6 months
Form 4 · most recent 12| Date | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| 2026-09-22 | Kelly Green Edith Director |
Award / grant | 223 | — | — | 10,494 |
| 2026-09-22 | Case John Director |
Award / grant | 54 | — | — | 5,895 |
| 2026-09-22 | Caplan Deborah H Director |
Award / grant | 121 | — | — | 1,570 |
| 2026-05-21 | Fischer Tamara D Director |
Open-market buy | 500 | $128.00 | $64,000 | 500 |
| 2026-05-21 | Fischer Tamara D Director |
Open-market buy | 600 | $129.00 | $77,400 | 1,100 |
| 2026-05-19 | Mcgrath Sheila K. Director |
Award / grant | 1,401 | — | — | 3,425 |
| 2026-05-19 | Fischer Tamara D Director |
Award / grant | 1,401 | — | — | 5,174 |
| 2026-05-19 | Caplan Deborah H Director |
Award / grant | 1,401 | — | — | 5,371 |
| 2026-05-19 | Caplan Deborah H Director |
Award / grant | 113 | — | — | 1,433 |
| 2026-05-19 | Case John Director |
Award / grant | 1,401 | — | — | 5,725 |
| 2026-05-19 | Case John Director |
Award / grant | 50 | — | — | 5,775 |
| 2026-05-19 | Kelly Green Edith Director |
Award / grant | 1,401 | — | — | 9,947 |
Shares acquired vs disposed, by month
acquired disposed · all Form 4 typesBy transaction type, 6 months
| Type | Direction | Filings | Shares | Value |
|---|---|---|---|---|
| Award / grant | Acquired | 13 | 10,575 | — |
| Open-market buy | Acquired | 2 | 1,100 | $141,400 |
| Open-market sale | Disposed | 1 | 350 | $45,842 |
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.
Form 144 notices
| Filed | Filer | Shares proposed | Est. proceeds |
|---|---|---|---|
| None on file. | |||
A Form 144 is notice of a proposed sale, not a confirmed one.
Congress trades
12 months: House 3 trades (1 purchases) · Senate 0 (0 purchases)| Traded | Member | Chamber | Type | Amount | Disclosed |
|---|---|---|---|---|---|
| 2026-09-11 | Ro Khanna | House | Sale | $1,001 - $15,000 | 2026-10-09 |
| 2026-06-02 | Ro Khanna | House | Purchase | $1,001 - $15,000 | 2026-07-08 |
| 2026-01-29 | Ro Khanna | House | Sale | $1,001 - $15,000 | 2026-02-10 |
| 2025-10-07 | Ro Khanna | House | Sale | $1,001 - $15,000 | 2025-11-14 |
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.
Largest 13F holders
Quarter to 2026-06-30, the latest most managers have filed| Manager | Shares | Value | % of shares out |
|---|---|---|---|
| BlackRock, Inc. | 13,103,935 | $1.8B | 11.29% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 9,929,114 | $1.4B | 8.56% |
| STATE STREET CORP | 7,932,427 | $1.1B | 6.84% |
| VANGUARD CAPITAL MANAGEMENT LLC | 7,611,715 | $1.1B | 6.56% |
| NORGES BANK | 5,452,477 | $757.6M | 4.70% |
| GEODE CAPITAL MANAGEMENT, LLC | 3,538,997 | $490.0M | 3.05% |
| APG Asset Management US Inc. | 3,089,712 | $432.4M | 2.66% |
| Invesco Ltd. | 2,369,220 | $329.2M | 2.04% |
| JPMORGAN CHASE & CO | 2,211,129 | $311.0M | 1.91% |
| DIMENSIONAL FUND ADVISORS LP | 1,770,242 | $246.0M | 1.53% |
| GOLDMAN SACHS GROUP INC | 1,768,256 | $245.7M | 1.52% |
| 1832 Asset Management L.P. | 1,734,565 | $241.0M | 1.50% |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 1,608,237 | $231.8M | 1.39% |
| River Road Asset Management, LLC | 1,324,380 | $184.0M | 1.14% |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | 1,262,251 | $175.4M | 1.09% |
Institutional ownership by quarter
% of shares held by 13F filers
Number of 13F filers holding
Holder changes by quarter
| Quarter | Holders | Ownership | New | Increased | Reduced | Closed |
|---|---|---|---|---|---|---|
| 2026-06-30 | 776 | 98.4% | 107 | 294 | 265 | 76 |
| 2026-03-31 | 752 | 89.8% | 99 | 267 | 275 | 102 |
| 2025-12-31 | 767 | 95.8% | 127 | 271 | 253 | 84 |
| 2025-09-30 | 738 | 92.6% | 91 | 247 | 274 | 91 |
| 2025-06-30 | 746 | 96.8% | 94 | 304 | 226 | 68 |
| 2025-03-31 | 735 | 109.0% | 84 | 281 | 241 | 47 |
| 2024-12-31 | 708 | 95.9% | 84 | 261 | 230 | 72 |
| 2024-09-30 | 714 | 93.0% | 93 | 241 | 258 | 49 |
| 2024-06-30 | 680 | 93.6% | 99 | 254 | 219 | 56 |
| 2024-03-31 | 645 | 93.7% | 64 | 239 | 240 | 78 |
| 2023-12-31 | 669 | 94.0% | 104 | 227 | 248 | 61 |
| 2023-09-30 | 634 | 96.7% | 61 | 244 | 226 | 64 |
Schedule 13D / 13G filers
| Filed | Form | Filer | % of class | Shares |
|---|---|---|---|---|
| None on file. | ||||
Required above 5% of a class; 13G is the passive form.
ETFs with the largest holding
| ETF | Weight in fund | Holding value |
|---|---|---|
| VGSLX | 0.78% | $518.9M |
| VNQ | 0.78% | $518.9M |
| VGSNX | 0.78% | $518.9M |
| VITSX | 0.02% | $431.4M |
| VSMPX | 0.02% | $431.4M |
| VTI | 0.02% | $431.4M |
Share structure
Shares outstanding116,021,957
Float115,068,183
Free float99.2%
Income statement
Fiscal years, USD| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Revenue | $1.8B | $2.0B | $2.1B | $2.2B | $2.2B |
| Cost of revenue | $1.3B | $1.3B | $1.4B | $1.5B | $1.5B |
| Gross profit | $517.8M | $687.7M | $747.5M | $713.3M | $703.1M |
| R&D | $0 | $0 | $0 | $0 | $0 |
| SG&A | $52.9M | $58.8M | $58.6M | $56.5M | $54.8M |
| Operating income | $464.9M | $628.9M | $688.9M | $656.8M | $619.4M |
| EBITDA | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B |
| Pretax income | $563.1M | $647.0M | $570.8M | $544.9M | $460.2M |
| Income tax | $13.6M | −$6.2M | $4.7M | $5.2M | $4.6M |
| Net income | $533.8M | $637.4M | $552.8M | $527.5M | $446.9M |
| EPS, diluted | $4.61 | $5.48 | $4.71 | $4.49 | $3.78 |
| Diluted shares | 115.0M | 115.6M | 116.6M | 116.8M | 117.1M |
Balance sheet
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Cash & short-term investments | $54.3M | $38.7M | $41.3M | $43.0M | $106.7M |
| Receivables | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $130.6M | $61.1M | $55.1M | $64.5M | $120.4M |
| PP&E, net | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangibles | $900,000 | $0 | $0 | $1.0M | $0 |
| Total assets | $11.3B | $11.2B | $11.5B | $11.8B | $12.0B |
| Accounts payable | $0 | $102.0M | $94.5M | $124.8M | $0 |
| Total current liabilities | $584.4M | $558.0M | $1.1B | $856.7M | $730.4M |
| Long-term debt | $4.5B | $4.4B | $4.0B | $4.7B | $5.4B |
| Total liabilities | $5.1B | $5.0B | $5.2B | $5.7B | $6.1B |
| Shareholders' equity | $6.2B | $6.2B | $6.3B | $6.1B | $5.8B |
Cash flow statement
Outflows are negative| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Net income | $550.7M | $654.8M | $567.8M | $541.6M | $456.6M |
| Depreciation & amortization | $534.4M | $544.0M | $565.9M | $586.4M | $623.0M |
| Stock-based compensation | $16.7M | $18.8M | $15.7M | $15.8M | $16.8M |
| Change in working capital | $55.9M | −$16.1M | $4.9M | $3.8M | $9.3M |
| Operating cash flow | $895.0M | $1.1B | $1.1B | $1.1B | $1.1B |
| Capital expenditure | −$511.3M | −$296.2M | −$341.2M | −$322.4M | −$360.2M |
| Free cash flow | $383.7M | $762.3M | $796.0M | $775.9M | $717.9M |
| Investing cash flow | −$253.6M | −$405.2M | −$775.3M | −$825.5M | −$690.2M |
| Net debt issued / repaid | −$44.7M | −$106.4M | $121.1M | $446.6M | $423.4M |
| Buybacks | $0 | $0 | $0 | $0 | −$27.2M |
| Dividends paid | −$474.1M | −$543.3M | −$655.4M | −$690.6M | −$712.7M |
Ratio history
Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Gross margin | 36.5% | 34.0% | 34.8% | 32.6% | 31.8% |
| Operating margin | 33.5% | 31.1% | 32.1% | 30.0% | 28.0% |
| Net margin | 30.0% | 31.6% | 25.7% | 24.1% | 20.2% |
| FCF margin | 44.7% | 37.7% | 27.8% | 35.4% | 32.5% |
| ROE | 9.0% | 10.6% | 9.1% | 8.7% | 7.7% |
| ROIC | 5.6% | 6.1% | 6.4% | 6.0% | 5.6% |
| ROA | 4.7% | 5.7% | 4.9% | 4.5% | 3.8% |
| Debt / equity | 0.75 | 0.74 | 0.75 | 0.84 | 0.95 |
| Interest coverage | 4.7x | 5.2x | 4.8x | 4.2x | 3.5x |
| Current ratio | 0.22 | 0.11 | 0.05 | 0.08 | 0.16 |
| Revenue growth | +6.0% | +13.6% | +6.4% | +2.0% | +0.8% |
| EPS growth | +107.5% | +19.4% | −14.1% | −4.7% | −15.4% |
| P/E at year end | 42.9x | 25.2x | 26.1x | 32.9x | 36.4x |
| EV / EBITDA at year end | 21.5x | 15.2x | 14.7x | 17.2x | 17.0x |
| FCF yield at year end | 3.47% | 4.74% | 4.14% | 4.47% | 4.41% |
| Dividend payout | 88.8% | 85.2% | 118.6% | 130.9% | 159.5% |
Revenue by segment
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Same Store | $1.7B | $1.9B | $2.0B | $2.1B | $2.1B |
| Non Same Store And Other | $75.3M | $95.2M | $123.7M | $106.2M | $132.0M |
Street estimates by fiscal year
Next report 2026-10-28 · consensus EPS $0.77 · these are analysts' numbers, not ours| Fiscal year | Revenue (mean) | Revenue range | EPS (mean) | EPS range | Analysts | P/E on mean EPS |
|---|---|---|---|---|---|---|
| 2026 | $2.2B | $2.2B – $2.3B | $3.66 | $3.64 – $3.67 | 8 | 31.9x |
| 2027 | $2.3B | $2.3B – $2.3B | $3.14 | $3.08 – $3.18 | 7 | 37.2x |
| 2028 | $2.4B | $2.3B – $2.4B | $3.46 | $3.34 – $3.64 | 4 | 33.7x |
Reported vs expected, every quarter on file
| Reported | EPS expected | EPS actual | EPS surprise | Revenue expected | Revenue actual | Revenue surprise |
|---|---|---|---|---|---|---|
| 2026-07-29 | $0.76 | $1.07 | +41.0% | $556.2M | $555.1M | −0.2% |
| 2026-04-29 | $2.12 | $2.13 | +0.5% | $555.8M | $553.7M | −0.4% |
| 2026-02-04 | $2.22 | $2.23 | +0.5% | $556.4M | $555.6M | −0.1% |
| 2025-10-29 | $2.17 | $2.16 | −0.5% | $556.8M | $554.4M | −0.4% |
| 2025-07-30 | $2.14 | $2.15 | +0.5% | $558.4M | $549.9M | −1.5% |
| 2025-04-30 | $2.16 | $2.20 | +1.9% | $551.1M | $549.3M | −0.3% |
| 2025-02-05 | $1.04 | $2.23 | +114.4% | $552.1M | $549.8M | −0.4% |
| 2024-10-30 | $2.18 | $2.21 | +1.4% | $552.3M | $551.1M | −0.2% |
| 2024-07-31 | $2.20 | $2.22 | +0.9% | $545.4M | $546.4M | +0.2% |
| 2024-05-01 | $2.23 | $2.22 | −0.4% | $540.9M | $543.6M | +0.5% |
| 2024-02-07 | $2.30 | $2.32 | +0.9% | $544.6M | $542.2M | −0.4% |
| 2023-10-25 | $2.28 | $2.29 | +0.4% | $540.4M | $542.0M | +0.3% |
| 2023-07-26 | $2.27 | $2.28 | +0.4% | $542.6M | $535.1M | −1.4% |
| 2023-04-26 | $2.25 | $2.28 | +1.3% | $528.3M | $529.0M | +0.1% |
| 2023-02-01 | $1.17 | $1.67 | +42.7% | $530.2M | $528.0M | −0.4% |
| 2022-10-26 | $2.09 | $2.19 | +4.8% | $507.8M | $520.8M | +2.6% |
| 2022-07-27 | $0.94 | $1.82 | +93.6% | $489.2M | $495.0M | +1.2% |
| 2022-04-27 | $1.92 | $1.97 | +2.6% | $473.9M | $476.1M | +0.5% |
| 2022-02-02 | $0.75 | $1.60 | +113.3% | $460.7M | $463.6M | +0.6% |
| 2021-10-27 | $1.71 | $1.78 | +4.1% | $443.5M | $452.6M | +2.0% |
| 2021-07-28 | $1.64 | $1.69 | +3.0% | $438.6M | $436.9M | −0.4% |
| 2021-04-28 | $1.61 | $1.64 | +1.9% | $422.8M | $425.0M | +0.5% |
| 2021-02-03 | $1.64 | $1.65 | +0.6% | $407.7M | $423.7M | +3.9% |
| 2020-10-28 | $1.53 | $1.57 | +2.6% | $397.3M | $423.2M | +6.5% |
Off-exchange (dark pool) volume, weekly
FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)| Week of | Notional | Shares | Trades |
|---|---|---|---|
| 2026-08-31 | $128.3M | 996,387 | 33,107 |
| 2026-08-24 | $114.8M | 874,488 | 29,774 |
| 2026-08-17 | $132.9M | 1,009,078 | 32,486 |
| 2026-08-10 | $158.6M | 1,191,664 | 37,958 |
| 2026-08-03 | $165.6M | 1,238,838 | 38,857 |
| 2026-07-27 | $289.7M | 2,151,912 | 49,003 |
Short-sale share of off-exchange volume
daily 20-day average| Date | Short share | Short volume | Total volume |
|---|---|---|---|
| 2026-10-15 | 55.4% | 260,357 | 470,100 |
| 2026-10-14 | 47.6% | 100,864 | 211,929 |
| 2026-10-13 | 48.1% | 99,692 | 207,457 |
| 2026-10-12 | 57.2% | 166,830 | 291,695 |
| 2026-10-09 | 54.4% | 154,445 | 283,838 |
| 2026-10-08 | 50.4% | 194,074 | 385,197 |
| 2026-10-07 | 47.1% | 176,708 | 375,044 |
| 2026-10-06 | 45.5% | 219,495 | 482,012 |
| 2026-10-05 | 57.8% | 237,515 | 411,086 |
| 2026-10-02 | 37.6% | 161,602 | 429,312 |
A daily flow measure from FINRA, not short interest.
Seasonality
Average return by calendar month| Month | Avg return | Up years | Years |
|---|---|---|---|
| Jan | +1.8% | 65% | 20 |
| Feb | −0.5% | 45% | 20 |
| Mar | +1.7% | 62% | 21 |
| Apr | +2.5% | 65% | 20 |
| May | +1.0% | 65% | 20 |
| Jun | +0.1% | 60% | 20 |
| Jul | +2.3% | 70% | 20 |
| Aug | +0.5% | 55% | 20 |
| Sep | −2.1% | 30% | 20 |
| Oct | +1.0% | 65% | 20 |
| Nov | +1.5% | 55% | 20 |
| Dec | +2.8% | 65% | 20 |
History, not a forecast.
Indicators
as of 2026-10-16RSI 1443.5
MFI55.5
ADX39.5
Stochastic %K / %D45.6 / 37.9
Williams %R-40.6
CCI16
TSI / signal-33.0 / -41.5
Chaikin money flow-0.07
ATR$2.13
Bollinger width6.3%
Volume vs 20-day avg0.60x
SupertrendDown
Moving averages and bands
level (price vs level)SMA 20$116.14 (+0.4%)
SMA 50$123.87 (−5.8%)
SMA 200$129.73 (−10.1%)
EMA 21$117.25 (−0.5%)
EMA 50$122.04 (−4.4%)
EMA 200$129.55 (−10.0%)
Bollinger upper$119.80 (−2.6%)
Bollinger lower$112.49 (+3.7%)
Parabolic SAR$112.75 (+3.4%)
Open the live chart, 110+ indicatorsAbout Mid-America Apartment Communities, Inc.
Mid-America Apartment Communities, known as MAA, is a prominent S&P 500 entity operating as a Real Estate Investment Trust (REIT). Its core objective is to generate outstanding, comprehensive investment returns for its shareholders. MAA achieves this by strategically acquiring, developing, redeveloping, owning, and managing high-quality apartment complexes. These properties are primarily located across the Southeast, Southwest, and Mid-Atlantic regions of the United States. As of December 31, 2020, the company held an interest in 102,772 apartment units, a figure that includes communities currently under development, spread throughout 16 states and the District of Columbia.
https://www.maac.com
Key executives
| Name | Title | Pay | Born |
|---|---|---|---|
| H. Eric Bolton Jr. | Executive Chairman | $2.0M | 1957 |
| Adrian Bradley Hill | Chief Executive Officer, President & Director | $2.0M | 1976 |
| Robert J. DelPriore | Executive Vice President, Chief Administrative Officer & General Counsel | $1.4M | 1969 |
| A. Clay Holder | Executive Vice President & Chief Financial Officer | $1.1M | 1977 |
| Timothy Argo | Executive Vice President and Chief Strategy & Analysis Officer | $984,552 | 1977 |
| Amber Fairbanks | Executive Vice President of Property Management | $838,066 | 1981 |
| Jennifer Patrick | Investor Relations Contact | — | — |
| Joseph Fracchia | Executive Vice President and Chief Technology & Innovation Officer | — | 1974 |
Executive pay, latest proxy
| Executive | Year | Salary | Stock awards | Incentive | Total |
|---|---|---|---|---|---|
| H. Eric Bolton, Jr. Former CEO, Executive Chairman | 2025 | $884,988 | $3.8M | $942,007 | $5.9M |
| A. Bradley Hill CEO and President | 2025 | $712,019 | $3.4M | $1.2M | $5.5M |
| Robert J. DelPriore EVP and CAO | 2025 | $599,499 | $1.6M | $690,159 | $3.0M |
| A Clay Holder CFO | 2025 | $519,215 | $1.1M | $565,450 | $2.3M |
| Timothy Argo EVP and CSAO | 2025 | $469,783 | $825,054 | $460,000 | $1.8M |
| Amber Fairbanks EVP, Property Management | 2025 | $418,702 | $609,254 | $371,544 | $1.4M |
Employees
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| 2026-10-15 | $1.53 | 2026-10-30 |
| 2026-07-15 | $1.53 | 2026-07-31 |
| 2026-04-15 | $1.53 | 2026-04-30 |
| 2026-01-15 | $1.53 | 2026-01-30 |
| 2025-10-15 | $1.515 | 2025-10-31 |
| 2025-07-15 | $1.515 | 2025-07-31 |
| 2025-04-15 | $1.515 | 2025-04-30 |
| 2025-01-15 | $1.515 | 2025-01-31 |
Moat model
Weak · Cost Advantage · 2026-06-30Cost advantage63
Intangibles51
Switching costs27
Network effect35
Efficient scale61
Our component scores (0-100) and overall 46.5; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17