Mid-America Apartment Communiti (MAA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Mid-America Apartment Communiti

NYSE•Real Estate•REIT - Residential

$118.93-2.24(-0.02%)After hours

Market Cap

$14.07B

P/E

34.9x

P/S

6.3x

P/B

2.6x

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. id-America Apartment Communities, Inc. was incorporated in 1977 in Tennessee and is based in Germantown, Tennessee.

How this company scores

AverageMetricSide Score: 55/100

Strongest: Cash & Earnings Quality (18/25); weakest: Balance Sheet & Red Flags (11/25).

Profitability15/25

Growth11/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality18/25

Strengths

Strong marginsCash-backed earningsConsistent free cash flowConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 34.9x5y range 28.7x – 43.7x

Currently near its 20-quarter median.

P/S · 6.3x5y range 6.3x – 10.8x

Currently below its 20-quarter median.

P/B · 2.6x5y range 2.6x – 3.3x

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 23.4% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Leverage Risk

Watch

Debt-to-equity has risen 23.3% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $14.07B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.22B
Q. Revenue: $555.13M
TTM EBITDA: $1.09B
TTM Op. Income: $452.62M
Q. Op. Income: $122.88M
TTM Net Income: $403.22M
Q. Net Income: $121.75M
EPS: $1.04
Shares Out.: $116.08M

$2.22B in TTM revenue grew 0.8% YoY, reaching $555.13M last quarter. TTM EBITDA of $1.09B and TTM operating income of $452.62M show growth is flowing through to the bottom line. TTM net income of $403.22M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 51.5%
Op. Margin: 22.1%
Net Margin: 21.9%

Op. margin of 22.1% is up 2.8% YoY — cost efficiency is improving. Net margin at 21.9% Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 34.9x
P/S Ratio: 6.3x
P/B Ratio: 2.6x

At 34.9x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 6.3x and P/B of 2.6x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $11.99B
Cash: $51.84M
Long-Term Debt: $5.33B
Book Value: $5.43B
D/E Ratio: 1.0
Debt/EBITDA: 18.7

With $11.99B in assets and $5.33B in long-term debt, D/E is 1.0and book value is $5.43B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 7 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $332.90M
TTM Free Cash Flow: $644.61M
FCF Margin: 29.1%
FCF / Net Income: 1.6

TTM FCF of $644.61M on $332.90M in operating cash flow. The FCF / Net Income ratio of 1.6x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.