| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 27 | 36.5x | 17.8x | Bottom tier | |
Growth | 17 | 0.8% | 7.1% | Bottom tier | |
Quality | 62 | 5.3% | 4.5% | Around median | |
Safety | 48 | 4.3x | 2.6x | Around median | |
Capital Return | 63 | 4.87% | 2.12% | Around median | |
Momentum | 36 | -6.3% | 2.9% | Bottom tier | |
Sentiment | 79 | 8 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Mid-America Apartment Communities (MAA) owns, operates, and develops rental apartment communities, with its portfolio concentrated in U.S. markets experiencing strong population and employment growth, including Atlanta, Dallas, Austin, Charlotte, Phoenix, and Raleigh. Its income is derived primarily from apartment rents and lease renewals, with growing contributions from community development and lease-up, apartment and amenity renovations, and community-wide Wi‑Fi service, while it recycles capital by selling older, capital-intensive properties.
In fiscal 2026 Q2, MAA reported core funds from operations of $2.08 per diluted share, exceeding its guidance by $0.02, while same-store net operating income also came in above expectations due to expense control. Same-store property expenses increased 0.8% year over year, lease renewal rates rose 5.2%, resident turnover declined to 39.6%, and blended lease pricing improved by 100 basis points from fiscal 2026 Q1.
The latest available EDGAR filings for fiscal 2026 Q1 show revenue of $553.7 million, net income of $124.4 million, and earnings per share of $1.06. For fiscal 2025, revenue was $2.2 billion, net income was $446.9 million, and earnings per share were $3.78, while trailing-twelve-month revenue ending in 2026 was approximately $2.2 billion and net income was $389.6 million.
The average analyst price target is $141, within a wide range of $130 to $152, compared with a 52-week share-price range of $120.30 to $146.41; the average target is therefore below the top of the 52-week range, while the highest target exceeds that peak. The "Buy" consensus supports the positive outlook, but the wide target range reflects uncertainty associated with the slow recovery in new lease rates, supply pressure in key markets, and the dependence of improving development yields on fading concessions.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
MAA is relying on a recovery in rental pricing, apartment renovations, community development, and expansion of its Wi‑Fi service. In fiscal 2026 Q2, absorption of new units exceeded deliveries by 1.8 times, and nearly 80% of markets recorded positive blended pricing growth. The company also completed 3,500 interior upgrades in the first half with a cash return of approximately 25%, and expanded Wi‑Fi from 28 operating properties to 38 additional properties.
New lease rates improved by 170 basis points from fiscal 2026 Q1, and blended pricing increased by 100 basis points. Renewal increases reached 5.2%, while resident turnover declined to 39.6%. Nevertheless, the recovery in new lease rates was slower than management had assumed, so the company lowered its fiscal 2026 forecasts for effective rent growth and average occupancy.
Norfolk, Richmond, Charleston, Greenville, and the D.C. area outperformed the portfolio in pricing during fiscal 2026 Q2. Austin improved by 300 basis points in blended pricing and 40 basis points in occupancy compared with fiscal 2025 Q2, while Orlando improved by 130 basis points. By contrast, Phoenix, Charlotte, Raleigh, and Savannah remained under supply pressure, and concessions for some units at the two Charlotte projects reached eight or ten weeks.
Automated analysis for informational purposes only — not investment advice.
Cash liquidity and available credit facility capacity exceeded $880 million as of June 30, 2026. Net debt to earnings before interest, taxes, depreciation, and amortization was 4.5 times, with an average debt maturity of six years and an effective rate of 3.9%. In June 2026, the company entered into an unsecured term loan with a committed amount of $350 million, of which $100 million was drawn at quarter-end.
MAA spent an average of $5,130 on each renovated unit during the first half of fiscal 2026, generating a $110 rent premium over non-renovated units and a cash return of approximately 25%. The first group of common-area repositioning projects generated an average cash return of 13%. New development projects target yields between 6.25% and 6.5%, but current lease-up projects are generating approximately 5% under current concessions compared with a target yield of approximately 6% after stabilization.
The analyst consensus is "Buy," with an average target of $141 and a target range of $130 to $152. The average target is below the top of the 52-week range of $146.41, while the highest target exceeds that peak. Insiders also recorded three-month net purchases of 141,400 shares through May 21, 2026, across two purchases and no sales, a supportive signal that does not eliminate the risks from supply and the slower recovery in rents.
