Mid-America Apartment Communities Inc (MAA) Fair Value & Analysis
Real Estate · US · Market cap $15.8B · ISIN US59522J1034
What is Mid-America Apartment Communities Inc really worth?
Mid-America Apartment Communities Inc
MAA · US
A solid business, but trading 97% above our fair value of $65.28.
Strengths
Risks
For context
Fair value as of: Sep 3, 2026
From 16 valuation models · updated 2 days ago
Share price −3.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case ($81.60). The favourable scenario is already priced in.
- Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range ($41.39 to $81.60) leaves room in how you read the outcome.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.
How to read this chart
60‑month range $105.58 – $193.36 · fair‑value band $41.39 – $81.60 · the $128.56 price screens above the $65.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 3, 2026.
Analysis
Mid-America Apartment Communities Inc (MAA) currently trades at $128.56, while our model-based Fair Value estimate is $65.28, implying the stock looks roughly 96.9% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Real Estate sector. Bull case: the Dividend Discount group reads highest at a median of $98.58 per share, and 2 of the 16 models we run sit above the $128.56 price. Bear case: the Asset-Based group reads lowest at $32.72, and 14 of the 16 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Mid-America Apartment Communities Inc generated revenue of $2.2B at a net margin of 17.6%. Revenue grew 0.8% year over year. It earns a return on equity of 6.7%. Net debt stands at $5.3B. Fundamentals as of Sep 3, 2026
Our scenario range runs from $41.39 (bear case) to $81.60 (bull case); at $128.56, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −39% fair-value upside, at −49%, MAA screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 16 models by family
Widest divergence: Dividend Discount ($98.58) versus Asset-Based ($32.72). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 49
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Mid-America Apartment Communities, Inc. is a self-administered real estate investment trust (REIT) and member of S&P 500. MAA owns or has ownership interest in apartment communities primarily throughout the Southeast, Southwest and Mid-Atlantic regions of the U.S. focused on delivering strong, full-cycle investment performance.
Full company description
Mid-America Apartment Communities, Inc. is a self-administered real estate investment trust (REIT) and member of S&P 500. MAA owns or has ownership interest in apartment communities primarily throughout the Southeast, Southwest and Mid-Atlantic regions of the U.S. focused on delivering strong, full-cycle investment performance. Mid-America Apartment Communities, Inc. was incorporated in 1977 in Tennessee and is based in Germantown, United States.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Mid-America Apartment Communities Inc reported revenue of $2.2B in FY2025 versus $1.8B in FY2021, a compound +5.6%/yr. Reported net income was $447M in FY2025, compounding −4.3%/yr from FY2021.
of which total revenue +8.4 % · buybacks/dilution −4.6 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
MAA screens 97% overvalued. Compare with EQR →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Mid-America Apartment Communities (MAA) Down 3.4% Since Last Earnings Report: Can It Rebound?
- Mid-America Apartment Communities to Redeem All Outstanding Shares of Its 8.50% Series I Cumulative Redeemable Preferred Stock
- Mid-America Apartment Communities Stock: Analyst Estimates & Ratings
Peer Group
REIT - Residential · 45 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs REIT - Residential median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 42/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more REIT - Residential stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| EQR EQR | $66.79 | $36.19 | −46% |
| Essex Property Trust, Inc ESS | $284.03 | $177.90 | −37% |
| Invitation Homes INVH | $29.78 | $15.91 | −47% |
| Sun Communities, Inc SUI | $118.34 | $121.64 | +3% |
| UDR, Inc UDR | $37.51 | $19.76 | −47% |
| American Homes 4 Rent (AMH or the General Partner) AMH | $34.56 | $21.07 | −39% |
| Equity LifeStyle Properties, Inc ELS | $65.44 | $20.93 | −68% |
| Camden Property Trust, an S&P 500 Company CPT | $105.96 | $41.51 | −61% |
| Millrose Properties, Inc MRP | $31.72 | $41.87 | +32% |
| Canadian Apartment Properties Real Estate Investment Trust CARUN | C$33.70 | C$21.86 | −35% |
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