MAA's Sunbelt-focused portfolio faces a challenging operating environment as unprecedented supply drives revenue growth to just 1.0% YoY in 2026Q2, down from 2.8% in 2024Q1. While the balance sheet remains investment-grade with a D/E of 1.02, rising leverage a...
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 decelerated to 1.0% YoY in 2026Q2, while NOI margin swung dramatically from 60.6% to 29.5% over the past year, indicating potential non-recurring items or accounting adjustments.
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 9/23/2026, 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) |
|---|---|---|
Q3 2026Latest 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 |
Q4 2025 Oct 29, 2025 | $0.84-6.0% vs $0.89 | $554M-0.1% vs $555M |
GERMANTOWN, Tenn., Sept. 22, 2026 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced that its board of directors approved a quarterly dividend payment of $1.53 per share of common stock to be paid on October 30, 2026, to shareholders of record on October 15, 2026.
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Mid-America Apartment Communities, Inc. (MAA) Presents at BofA NY Global Real Estate Conference 2026 Transcript
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 |
|---|---|---|---|---|---|---|---|
| $119.15 | $13.87B | 31.52 | 0.83% | 20.23% | 7.46% | 5.08% | |
| $68.14 | $25.55B | 23.42 | 4.06% | 27.91% | 7.82% | — | |
| $68.14 | $9.68B | 9.22 | 4.29% | 33.39% | 8.58% | — | |
| $99.31 | $9.98B | 28.05 | 1.92% | 20.74% | 7.66% | — | |
| $34.10 | $11.08B | 30.18 | 2.42% | 30.43% | 14.38% | — | |
| $274.76 | $17.66B | 26.39 | 7.11% | 12.33% | 4.19% | — |
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)
Aug 4, 2026·SEC
Jul 30, 2026·SEC
Jul 29, 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 for fiscal year 2025. This represents a 1883% increase from $111.9M in 1996.
Mid-America Apartment Communities, Inc. (MAA) grew revenue by 0.8% over the past year. Growth has been modest.
Yes, Mid-America Apartment Communities, Inc. (MAA) is profitable, generating $403.2M in net income for fiscal year 2025 (20.2% net margin).
Yes, Mid-America Apartment Communities, Inc. (MAA) pays a dividend with a yield of 5.08%. This makes it attractive for income-focused investors.
Mid-America Apartment Communities, Inc. (MAA) has a return on equity (ROE) of 7.5%. This is below average, suggesting room for improvement.
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 5.08% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
