Mid-America Apartment Communities Inc. (MAA)

Mid-America Apartment Communities, Inc. an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States. As of June 30, 2026, MAA had ownership interest in 104,698 apartment units, including communities in development, across 16 states and the District of Columbia. Mid-America Apartment Communities, Inc. was incorporated in 1977 in Tennessee and is based in Germantown, Tennessee.

Symbol: MAA
Exchange: NYSE
Sector: Real Estate
Industry: REIT - Residential
Market cap: $13.41B
52 week range: 114.47 - 144.41

Valuation

Share price: $115.27 (close of 2026-10-02)
P/E (TTM): 34.93x
Price to book: 2.36x
Price to free cash flow: 13.01x
Enterprise value: $19.00B
Book value per share: $48.91

Price performance

Period	Change
1 day	-0.95%
5 days	-2.60%
1 month	-10.37%
3 months	-18.93%
6 months	-7.70%
Year to date	-17.02%
1 year	-15.40%
3 years	-9.45%
5 years	-39.08%
10 years	+22.64%
All time	+432.92%

Members of Congress who disclosed MAA trades

Alan Armstrong

Super investors holding MAA

Andreas Halvorsen (Viking Global Investors) · Ken Griffin (Citadel) · Christopher Davis (Davis Selected Advisers)

Profitability and growth

Return on equity: 7.68%
Return on assets: 3.73%
Net margin: 20.23%
EBITDA margin: 57.02%
Revenue growth: 0.83%
Net income growth: -15.28%
Free cash flow growth: -1.83%

Cash flow and balance sheet

Free cash flow yield (TTM): 7.69%
Net debt to EBITDA: 4.55x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $2.21B
EBITDA: $1.26B
Net income: $446.91M
Earnings per share: $3.79
Interest expense: $185.26M
Shares outstanding: 116.95M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$2.21B	-	$446.91M	$3.79
2024-12-31	$2.19B	-	$527.54M	$4.49
2023-12-31	$2.15B	-	$552.81M	$4.71
2022-12-31	$2.02B	-	$637.44M	$5.49
2021-12-31	$1.78B	-	$533.79M	$4.62
2020-12-31	$1.68B	-	$254.96M	$2.20
2019-12-31	$1.64B	-	$353.81M	$3.07
2018-12-31	$1.57B	-	$222.90M	$1.93
2017-12-31	$1.53B	-	$328.38M	$2.86
2012-12-31	$446.55M	$127.36M	$98.74M	$2.56

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	-	20.23%	7.68%	-
2024-12-31	-	24.08%	8.61%	-
2023-12-31	-	25.73%	8.80%	-
2022-12-31	-	31.56%	10.30%	-
2021-12-31	-	30.02%	8.67%	-
2020-12-31	-	15.19%	4.19%	-
2019-12-31	-	21.56%	5.63%	-
2018-12-31	-	14.19%	3.50%	-
2017-12-31	-	21.48%	5.00%	-
2012-12-31	28.52%	22.11%	10.45%	12.38%

Cash and debt by year

Period end	Cash
2025-12-31	$60.26M
2024-12-31	$43.02M
2023-12-31	$41.31M
2022-12-31	$38.66M
2021-12-31	$54.30M
2020-12-31	$25.20M
2019-12-31	$20.48M
2018-12-31	$34.26M
2012-12-31	$9.07M
2011-12-31	$57.32M

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$1.08B	$16.84M
2024-12-31	$1.10B	$15.79M
2023-12-31	$1.14B	$15.70M
2022-12-31	$1.06B	$18.80M
2021-12-31	$894.97M	$16.66M
2020-12-31	$823.95M	$14.33M
2019-12-31	$781.42M	$13.65M
2018-12-31	$734.29M	$12.44M
2017-12-31	$660.80M	$10.57M
2012-12-31	$191.82M	$2.00M

Dividend history

Most recent payment: 2026-07-15
Paid in the last twelve months: $6.10

Payment date	Dividend per share
2026-07-15	$1.53
2026-04-15	$1.53
2026-01-15	$1.53
2025-10-15	$1.51
2025-07-15	$1.51
2025-04-15	$1.51
2025-01-15	$1.51
2024-10-15	$1.47

Investor relations

Next earnings report

Next confirmed report: 2026-11-04
Consensus EPS estimate: $2.10

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-07-29	Jun/2026	$2.08
2026-04-29	Mar/2026	$2.12
2026-02-04	Dec/2025	$2.22
2025-10-29	Sep/2025	$2.17
2025-07-30	Jun/2025	$2.14
2025-04-30	Mar/2025	$2.16
2025-02-05	Dec/2024	$2.24
2024-10-30	Sep/2024	$2.18

Filings and sources

Company website: maac.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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