Stocks · Real Estate · REIT - Residential
Mid-America Apartment Communities, Inc. MAA
$115.27 -0.95% Close, Oct 2, 2026 · NYSE · Market cap $13.41B
High quality
Next earnings report: Oct 28, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Net debt is 4.5× EBITDA, a high level of leverage.
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
- Diluted EPS over the last four quarters was $3.42, down 29.6% year over year.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 28%
- EPS growth (TTM, YoY)Bottom 30%
- FCF growth (TTM, YoY)Bottom 35%
- Revenue growth, 3-year CAGRBottom 37%
- Revenue growth accelerationBottom 44%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 38%
- Gross marginBottom 48%
- Operating marginTop 46%
- Cash conversion (OCF / net income)Top 34%
- Accruals (lower is better)Top 28%
- Net debt / EBITDA (lower is better)Top 30%
- Interest coverTop 20%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 50%
- Free-cash-flow yieldBottom 42%
- EBITDA / enterprise valueTop 46%
- Sales / enterprise valueTop 47%
- P/E vs own 5-year history (lower is better)Bottom 37%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 37%
- 6-month returnBottom 38%
- 1-year return vs S&P 500Bottom 34%
- Distance from 52-week highBottom 50%
- Trend checklist (0–4)Bottom 22%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 47%
- Consecutive EPS beatsTop 32%
- Share of analysts rating BuyTop 49%
- Upside to consensus price targetBottom 39%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 15%
- Maximum drawdown, 3 yearsTop 40%
- Beta vs S&P 500 (lower is better)Top 31%
- Net debt / EBITDA (lower is better)Top 30%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 0.8% | 0.8% | ↑ |
| EPS growth (YoY) | -31.3% | -29.6% | ↑ |
| Gross margin | 31.4% | 47.3% | ↑ |
| Operating margin | 28.9% | 26.9% | ↓ |
| FCF margin | 34.4% | 25.7% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 0.8% | 0.8% | ↑ | Bottom 28% |
| EPS growth (TTM, YoY) | -29.6% | -31.3% | ↑ | Bottom 30% |
| Gross margin | 47.3% | 31.4% | ↑ | Bottom 48% |
| Operating margin | 26.9% | 28.9% | ↓ | Top 46% |
| Net margin | 18.2% | 26.0% | ↓ | — |
| Free-cash-flow margin | 25.7% | 34.4% | ↓ | — |
| Return on invested capital | 5.2% | — | Top 38% | |
| Revenue growth, 3-year CAGR | 3.0% | — | Bottom 37% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.51×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -5.1%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.8%
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 4.48×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 3.0×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 5.31%
- Net buyback yield (TTM)
- 1.11%
- Shareholder yield
- 6.41%
- Share count change, 1 year
- -0.9%
- Share count change, 3-year CAGR
- -0.2%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- +4.6%
- Average 2-day reaction, last 8
- +0.1%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $137.09
- Target vs current price
- +18.9%
- Analysts with a rating
- 37
- Share rating Buy or Strong Buy
- 49%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 29, 2026 | +41.0% | +1.3% | -1.8% | -2.7% | — |
| Apr 29, 2026 | +31.5% | -0.5% | -0.2% | +0.2% | +2.7% |
| Feb 4, 2026 | -47.9% | +2.2% | +3.2% | +1.2% | -2.3% |
| Oct 29, 2025 | -6.0% | -3.4% | -1.2% | +3.3% | +3.3% |
| Jul 30, 2025 | +10.4% | -2.3% | -6.9% | -6.4% | -11.8% |
| Apr 30, 2025 | +78.3% | +1.4% | +4.5% | -1.7% | -3.7% |
| Feb 5, 2025 | +40.4% | +1.4% | +0.9% | +10.0% | +4.8% |
| Oct 30, 2024 | -5.9% | +0.8% | +2.7% | +8.1% | +0.3% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 29, 2026 | $1.07 | $0.76 | +41.0% | $555.1M |
| Apr 29, 2026 | $1.09 | $0.83 | +31.5% | $553.7M |
| Feb 4, 2026 | $0.48 | $0.92 | -47.9% | $555.6M |
| Oct 29, 2025 | $0.84 | $0.89 | -6.0% | $554.4M |
| Jul 30, 2025 | $0.96 | $0.87 | +10.4% | $549.9M |
| Apr 30, 2025 | $1.59 | $0.89 | +78.3% | $549.3M |
| Feb 5, 2025 | $1.46 | $1.04 | +40.4% | $549.8M |
| Oct 30, 2024 | $0.95 | $1.01 | -5.9% | $551.1M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 33.7× | 33.8× | 48th | Top 50% |
| P/E (forward) | 31.5× | — | — | — |
| EV / EBITDA | 15.1× | — | — | Top 46% |
| EV / Sales | 8.59× | — | — | Top 47% |
| Free-cash-flow yield | 4.25% | — | — | Bottom 42% |
| Earnings yield | 2.97% | — | — | Top 50% |
P/E over the past five years
Range 24.3× – 55.3× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -16.5%
- Earnings per share growth (TTM)
- -29.6%
- Change in P/E multiple
- +33.0%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -4.6%
- 200-day average slope (20 days)
- -0.9%
- Distance from 50-day average
- -9.8%
- Distance from 200-day average
- -12.0%
- RSI (14)
- 21.2
- Relative volume
- 1.38×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 17.2%
- Volatility vs own 5-year history
- 11th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.43
- Correlation with S&P 500
- 0.33
- Current drawdown from 1-year high
- -18.9%
- Maximum drawdown, 3 years
- -32.6%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Dec 31, 2021 | Oct 2, 2026 | -49.8% | 1192 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $13.41B
- P/E (TTM)
- 33.7
- EPS, diluted (TTM)
- $3.42
- Revenue (TTM)
- $2.22B
- Dividend yield
- 6.62%
- 52-week range
- $114.47 – $144.41
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.78B | $2.02B | $2.15B | $2.19B | $2.21B |
| Gross profit | $517.8M | $687.7M | $747.5M | $713.3M | $703.1M |
| Operating income | $464.9M | $628.9M | $688.9M | $656.8M | $619.4M |
| Net income | $533.8M | $637.4M | $552.8M | $527.5M | $446.9M |
| EPS (diluted) | $4.61 | $5.48 | $4.71 | $4.49 | $3.78 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $551.1M | $549.8M | $549.3M | $549.9M | $554.4M | $555.6M | $553.7M | $555.1M |
| Net income | $115.2M | $166.6M | $181.7M | $108.1M | $99.5M | $57.6M | $124.4M | $121.8M |
| EPS (diluted) | $0.98 | $1.42 | $1.54 | $0.92 | $0.84 | $0.48 | $1.06 | $1.04 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $895.0M | $1.06B | $1.14B | $1.10B | $1.08B |
| 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 |
| Dividends paid | -$470.4M | -$539.6M | -$651.7M | -$686.9M | -$709.0M |
| Net share buybacks | $645,000 | $1.1M | $205.1M | $1.2M | -$25.8M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $51.8M
- Total assets
- $11.99B
- Total liabilities
- $6.39B
- Total debt
- $5.69B
- Net debt
- $5.64B
- Shareholders’ equity
- $5.43B
As of Jun 30, 2026 (filed Jul 30, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Oct 15, 2026 | $1.53 | Oct 30, 2026 |
| Jul 15, 2026 | $1.53 | Jul 31, 2026 |
| Apr 15, 2026 | $1.53 | Apr 30, 2026 |
| Jan 15, 2026 | $1.53 | Jan 30, 2026 |
| Oct 15, 2025 | $1.52 | Oct 31, 2025 |
| Jul 15, 2025 | $1.52 | Jul 31, 2025 |
| Apr 15, 2025 | $1.52 | Apr 30, 2025 |
| Jan 15, 2025 | $1.52 | Jan 31, 2025 |
Short interest
- Shares sold short
- 4,500,298
- Days to cover
- 4.55
- Change vs previous report
- +9.3%
FINRA short interest, settlement date Sep 15, 2026.