Is Mid-America Apartment Communities (MAA) overvalued or fairly valued?

MarketChacha shows Mid-America Apartment Communities's valuation in context — a trailing P/E of about 29.4, a forward P/E of about 39.4, a price-to-book of about 2.8 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Mid-America Apartment Communities's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.17×) from reported figures — education, not a rating.

What is Mid-America Apartment Communities's revenue?

Mid-America Apartment Communities reported revenue of $2.2B for FY2025, with net profit of $446.9M, per official filings.

What is the share price of Mid-America Apartment Communities (MAA)?

Mid-America Apartment Communities last traded at $128.32 (-0.2% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Mid-America Apartment Communities

MAA · NYSE · Real Estate · United States

Snapshot

TickerMAA

ExchangeNYSE

SectorReal Estate

IndustryREIT - Residential

CountryUnited States

Employees2,507

HeadquartersGermantown, United States

Websitewww.maac.com

Filings tracked25

About Mid-America Apartment Communities

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.

Who owns it

Insiders0.5%
Institutions99.5%
Public & other0.0%

1,104 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.11.29%
Vanguard Portfolio Management LLC8.56%
State Street Corporation6.84%
Vanguard Capital Management LLC6.56%
NORGES BANK4.70%
Viking Global Investors, L.P.4.35%
AQR Capital Management, LLC3.25%
Geode Capital Management, LLC3.05%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 5.5 points over the period — profitability is trending down.

Cash conversion2.17×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend25.7% → 20.2%

Margin has compressed by about 5.5 points over the period — profitability is trending down.

Return on equity7.9%

Latest ROE of 7.9% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev 1% · PAT -10%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $562.0M · EPS 0.90

Next fiscal year

Rev $2.3B · EPS 3.08

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$2.2B

Net margin

20.2%

ROE

7.9%

Revenue CAGR (2y)

+1.4%

Profit CAGR (2y)

-10.1%

EPS (FY2025)

3.78

Net profit (FY2025)

$446.9M

Ask MarketChacha about MAA

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$2.2B	$446.9M	3.78	20.2%	7.9%
FY2024	$2.2B	$527.5M	4.49	24.1%	8.9%
FY2023	$2.1B	$552.8M	4.71	25.7%	9.1%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$553.7M	$124.4M	1.06	22.5%
2025Q3	$554.4M	$99.5M	0.84	18.0%
2025Q2	$549.9M	$108.1M	0.92	19.7%
2025Q1	$549.3M	$181.7M	1.54	33.1%
2024Q3	$551.1M	$115.2M	0.98	20.9%
2024Q2	$546.4M	$102.0M	0.86	18.7%
2024Q1	$543.6M	$143.7M	1.22	26.4%
2023Q3	$542.0M	$110.7M	0.94	20.4%
2023Q2	$535.1M	$145.7M	1.24	27.2%
2023Q1	$529.0M	$135.9M	1.16	25.7%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Reg FD disclosure, Exhibits
SEC8/4/2026material
10-Q filing
SEC7/30/2026
8-K — Reg FD disclosure
SEC7/30/2026material
8-K — Results of operations, Exhibits
SEC7/29/2026material
8-K — Material agreement, Exhibits
SEC6/25/2026material
8-K — Reg FD disclosure, Exhibits
SEC6/1/2026material
8-K — Shareholder vote results
SEC5/20/2026material
8-K — Reg FD disclosure, Exhibits
SEC5/4/2026material
10-Q filing
SEC4/30/2026
8-K — Results of operations, Exhibits
SEC4/29/2026material
8-K — Other events, Exhibits
SEC2/27/2026material
8-K — Reg FD disclosure, Exhibits
SEC2/27/2026material
8-K — Reg FD disclosure, Other events, Exhibits
SEC2/25/2026material
8-K — Other events, Exhibits
SEC2/13/2026material
10-K filing
SEC2/6/2026
8-K — Results of operations, Exhibits
SEC2/4/2026material
8-K — Material agreement, Reg FD disclosure
SEC1/28/2026material
8-K — Reg FD disclosure, Exhibits
SEC1/20/2026material

2025

8-K — Reg FD disclosure, Exhibits
SEC12/8/2025material
8-K — Reg FD disclosure, Exhibits
SEC11/12/2025material
8-K — Other events, Exhibits
SEC11/10/2025material
8-K — Reg FD disclosure, Other events, Exhibits
SEC11/3/2025material
10-Q filing
SEC10/30/2025
8-K — Results of operations, Exhibits
SEC10/29/2025material
8-K — Material agreement, Material financial obligation, Exhibits
SEC10/23/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.