MAA's revenue growth has decelerated to 1.0% year over year in 2026Q3 from 2.1% in 2024Q2, and FFO per share swung between $1.86 and $2.85 across the last ten quarters, with the most recent reading at $2.16, suggesting persistent top-line pressure from new Sunbelt apartment deliveries.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth slowed to 1.0% in 2026Q3 from 2.1% in 2024Q2 and NOI margins swung between 29.5% and 62.9%, a range that appears driven by timing and classification effects rather than a simple cost trend.
MAA possesses high-quality apartment communities, particularly in Sunbelt regions, which are expected to drive future growth. The stock is seen as trading at an attractive valuation, with some analyses suggesting it is undervalued.
The company's concentration in Sunbelt markets is a strategic advantage, as these areas are experiencing strong demand for multifamily properties. Oversupply in these markets is also abating, which could lead to potential rent growth in the coming 12-18 months.
MAA has demonstrated robust revenue streams, with Q4 2025 revenue reaching $555.6 million. Its trailing twelve months (TTM) net income margin of 20.23% indicates operational efficiency, and a dividend yield of 4.84% shows a commitment to shareholder returns.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 28, 2026 | $0.72-5.9% vs $0.77 | $560M+0.4% vs $558M |
Q3 2026 Jul 29, 2026 | $1.07+41.0% vs $0.76 | $555M-0.2% vs $556M |
Q2 2026 Apr 29, 2026 | $1.09+31.5% vs $0.83 | $554M-0.4% vs $556M |
Q1 2026 Feb 4, 2026 | $0.48-47.9% vs $0.92 | $556M-0.1% vs $556M |
GERMANTOWN, Tenn., Oct. 28, 2026 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced operating results for the three and nine months ended September 30, 2026.
MAA heads into Q3 2026 earnings with stronger leasing trends and easing supply pressures, but rising interest expenses and rent recovery concerns persist.
Eight of the fourteen highest-yield 'Safer' Big BBB Dogs, including Suburban Propane, Verizon, and Realty Income, currently meet the dogcatcher ideal for buyable dividend value. Analyst 1-year targets project average net gains of 23.91% for the top ten BBB stocks, with risk/volatility 26% below the market average. Dividend safety is highlighted by positive free cash flow yields exceeding dividend yields for the 'safer' group, while eight names show negative free cash flow margins and are considered unsafe.
REIT rent growth could accelerate significantly starting in 2027. Falling construction activity could give landlords stronger pricing power. Some heavily discounted REITs could offer substantial upside as growth recovers.
Benchmark MAA against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Mid-America Apartment Communities, Inc. (MAA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $118.93 | $13.84B | 35.57 | 0.83% | 17.43% | 6.86% | 5.09% | |
| $65.51 | $50.69B | -257.71 | 4.06% | -4.19% | -0.85% | 4.11% | |
| $99.44 | $10B | 9.24 | 1.92% | 71.53% | 26.22% | 4.27% | |
| $36.58 | $11.89B | 16.98 | 2.42% | 40.75% | 19.52% | 4.69% | |
| $272.18 | $17.49B | 50.00 | 7.11% | 17.99% | 6.28% | 3.73% | |
| $71.24 | $3.45B | 20.71 | 12.93% | 38.47% | 10.85% | 5.06% |
Mid-America Apartment Communities, Inc. (MAA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Mid-America Apartment Communities, Inc. (MAA) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 28, 2026·SEC
Aug 4, 2026·SEC
Jul 30, 2026·SEC
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Mid-America Apartment Communities, Inc. (MAA) stock FAQ — growth, dividends, profitability & financials explained
Mid-America Apartment Communities, Inc. (MAA) reported $2.22B in revenue over the trailing twelve months. Revenue was $2.21B in fiscal year 2025. That is 1875% more than the $111.9M of fiscal year 1996.
Mid-America Apartment Communities, Inc. (MAA) grew revenue by 1.0% over the trailing twelve months, compared with the twelve months before.
Yes. Mid-America Apartment Communities, Inc. (MAA) earned $387.7M in net income over the trailing twelve months (a 17.4% net margin).
Yes. Mid-America Apartment Communities, Inc. (MAA) pays a dividend that yields 5.09% at the current price, a high yield.
Mid-America Apartment Communities, Inc. (MAA) had a return on equity (ROE) of 6.9% over the trailing twelve months. That is below the market's typical 10-15%.
Mid-America Apartment Communities, Inc. (MAA) generated Funds From Operations (FFO) of $1.04B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Mid-America Apartment Communities, Inc. (MAA) offers a 5.09% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
