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Mid America Apartment Communities Inc
Mid America Apartment Communities Inc (MAA) is listed on NYSE and classified in REIT - Residential, part of the Real Estate sector. It is headquartered in Germantown, United States and has 2,507 employees. The company is worth $14.41B and trades at 34.4x its earnings of the last twelve months; the median for its sector is 22.1x. Revenue was $2.21B in fiscal 2025, up 0.8% from the year before. Net income was $446.91M. The share price is 16.1% below its 52-week high of $144.41. It pays a dividend yielding 5.05%, and has raised its annual dividend for 15 years in a row in our records. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Andreas Halvorsen (Viking Global Investors), at $700.72M. In that quarter, 3 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -43.5% over 5Y.
today you would have $685.54▼ -31.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 14 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $138.91 | $154.57 | $134.46 | $156.99 | $229.44 | $126.69 | $131.86 | $95.70 | $100.56 | $64.75 | $62.55 | $63.49 | $48.28 | $37.16 | |
| P/E | 45.3x | 36.7x | 34.4x | 28.5x | 28.6x | 49.8x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 11.5% a year plus a 5.1% dividend yield. Growth capped at 25%.
Median P/E of 22.1 among peers in the sector.
Median P/E of 45.3 across this company’s own years on record.
Cash flow growing 11.5% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 3.8% a year against a 7.7% required return, from the stock’s beta.
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| JLLJones Lang Lasalle Inc | $312.55 | 14.7x | 1.9x | 0.00% | 13.52% | $14.38B |
| CSGPCostar Group Inc | $35.45 | 186.6x | 1.8x | 0.00% | 0.89% | $14.36B |
| WYWeyerhaeuser Co | $19.82 | 30.5x | 1.5x | 4.24% | 4.97% | $14.28B |
| WPCW. P. Carey Inc. | $64.54 |
| 57.8x |
| 43.0x |
| 49.6x |
| 35.2x |
| 25.3x |
| 47.7x |
| 113.4x |
| 56.8x |
| 58.1x |
| P/S | 7.3x | 7.4x | 8.2x | 7.3x | 9.1x | 14.9x | 8.6x | 9.2x | 6.9x | 7.5x | 5.5x | 5.7x | 6.0x | 3.8x | 2.7x |
| P/B | 2.9x | 2.9x | 3.0x | 2.6x | 3.0x | 4.4x | 2.5x | 2.5x | 1.8x | 1.7x | 3.0x | 3.4x | 4.4x | 3.3x | 2.3x |
| EPS | $3.78 | $4.49 | $4.71 | $5.48 | $4.61 | $2.19 | $3.07 | $1.93 | $2.86 | $2.56 | $1.31 | $0.56 | $0.85 | $0.64 |
| Dividend yield | 3.87% | 4.36% | 3.80% | 4.16% | 2.98% | 1.79% | 3.16% | 2.91% | 3.86% | 3.46% | 4.08% | 4.02% | 3.87% | 5.10% | 6.62% |
| Payout | 145.64% | 160.32% | 130.96% | 118.90% | 85.33% | 88.94% | 182.65% | 125.08% | 191.30% | 121.68% | 103.13% | 191.76% | 439.29% | 289.41% | 384.38% |
| Profit margin | 20.70% | 20.23% | 24.08% | 25.73% | 31.56% | 30.02% | 15.19% | 21.56% | 14.19% | 21.48% | 21.16% | 11.33% | 7.83% | 9.94% | 8.18% |
| ROE | 7.36% | 7.89% | 8.88% | 9.07% | 10.61% | 8.95% | 4.34% | 5.83% | 3.62% | 5.00% | 11.51% | 6.80% | 5.74% | 8.64% | 6.83% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+1.4% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 22.1x |
| 1.7x |
| 5.89% |
| 7.78% |
| $14.7B |
| OHIOmega Healthcare Investors Inc | $46.30 | 15.9x | 2.6x | 5.87% | 16.53% | $14.78B |
| REGRegency Centers Corp | $74.38 | 24.3x | 2.0x | 4.06% | 8.19% | $13.91B |