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Mid-America Apartment Communities Inc Stock Research

MAA

127.30USD-1.35(-1.05%)Market Closed
Watchlist

Market Summary

USD127.30-1.35
Market Closed
-1.05%

MAA Stock Price

MAA RSI Chart

MAA Valuation

Market Cap

14.9B

Price/Earnings (Trailing)

24.86

Price/Sales (Trailing)

7.03

EV/EBITDA

11.16

Price/Free Cashflow

12.93

MAA Price/Sales (Trailing)

MAA Profitability

EBT Margin

32.58%

Return on Equity

10.71%

Return on Assets

5.84%

Free Cashflow Yield

7.73%

MAA Fundamentals

MAA Revenue

Revenue (TTM)

2.1B

Revenue Y/Y

8.1%

Revenue Q/Q

1.16%

MAA Earnings

Earnings (TTM)

597.5M

Earnings Y/Y

-30.86%

Earnings Q/Q

7.19%

Price Action

52 Week Range

126.46176.36
(Low)(High)

Last 7 days

-2.4%

Last 30 days

-11.8%

Last 90 days

-17.2%

Trailing 12 Months

-17.2%

MAA Financial Health

MAA Investor Care

Dividend Yield

3.29%

Dividend/Share (TTM)

4.99

Shares Dilution (1Y)

1.07%

Diluted EPS (TTM)

5.11

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for MAA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-08-10
SANDERS WILLIAM REID
bought
144,780
144
1,000
-
2023-08-08
SANDERS WILLIAM REID
bought
289,680
144
2,000
-
2023-08-07
SANDERS WILLIAM REID
bought
440,513
146
3,000
-
2023-05-16
GRAF ALAN B JR
acquired
-
-
1,094
-
2023-05-16
LOWDER THOMAS H
acquired
-
-
1,094
-
2023-05-16
LOWDER JAMES K
acquired
-
-
1,094
-
2023-05-16
SANDERS WILLIAM REID
acquired
-
-
1,094
-
2023-05-16
JENNINGS TONI
acquired
-
-
1,094
-
2023-05-16
Caplan Deborah H
acquired
-
-
1,094
-
2023-05-05
DelPriore Robert J.
gifted
-
-
-200
evp, general counsel

1–10 of 50

Which funds bought or sold MAA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-26
BROOKFIELD Corp /ON/
reduced
-18.82
-14,004,600
62,179,100
0.24%
2023-09-21
Baystate Wealth Management LLC
unchanged
-
5.00
917
-%
2023-09-20
BARCLAYS PLC
added
87.18
15,591,000
33,271,000
0.02%
2023-09-18
CAPE ANN SAVINGS BANK
added
2.45
14,822
507,061
0.34%
2023-09-12
Farther Finance Advisors, LLC
added
25.00
1,551
7,593
-%
2023-09-07
ST GERMAIN D J CO INC
new
-
36,446
36,446
-%
2023-08-28
DT Investment Partners, LLC
unchanged
-
-448
10,213
-%
2023-08-24
Alberta Investment Management Corp
unchanged
-
2,378
440,394
-%
2023-08-23
WOLVERINE TRADING, LLC
added
14.1
152,126
1,056,130
-%
2023-08-22
Asset Dedication, LLC
unchanged
-
-
6,000
-%

1–10 of 48

Latest Funds Activity

Are funds buying MAA calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own MAA
No. of Funds

Schedule 13G FIlings of Mid-America Apartment Communities

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Jun 08, 2023
blackrock inc.
10.1%
11,803,761
SC 13G/A
Feb 14, 2023
cohen & steers, inc.
8.60%
9,929,972
SC 13G
Feb 09, 2023
vanguard group inc
16.61%
19,175,009
SC 13G/A
Jan 24, 2023
blackrock inc.
9.7%
11,250,066
SC 13G/A
Feb 11, 2022
state street corp
6.39%
7,351,578
SC 13G/A
Feb 10, 2022
vanguard group inc
16.17%
18,620,838
SC 13G/A
Jan 27, 2022
blackrock inc.
10.9%
12,596,863
SC 13G/A
Jan 26, 2022
blackrock inc.
10.9%
12,596,863
SC 13G/A
Mar 10, 2021
blackrock inc.
10.0%
11,467,060
SC 13G/A
Feb 10, 2021
vanguard group inc
15.89%
18,171,315
SC 13G/A

Recent SEC filings of Mid-America Apartment Communities

View All Filings
Date Filed Form Type Document
Sep 13, 2023
4
Insider Trading
Sep 13, 2023
4
Insider Trading
Sep 13, 2023
4
Insider Trading
Sep 13, 2023
4
Insider Trading
Sep 13, 2023
4
Insider Trading
Sep 12, 2023
8-K
Current Report
Sep 06, 2023
8-K
Current Report
Aug 10, 2023
4
Insider Trading
Aug 08, 2023
4
Insider Trading
Aug 07, 2023
4
Insider Trading

MAA Fair Value

Loading...

Peers (Alternatives to Mid-America Apartment Communities)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
48.1B
4.4B
-0.64% -17.74%
11.24
10.95
14.80% 87.79%
35.4B
5.1B
-10.51% 21.93%
82.68
6.9
13.73% -68.04%
21.9B
2.0B
-9.58% -13.91%
26.32
10.88
-22.97% -33.54%
20.0B
2.7B
-16.05% -29.97%
26.64
7.46
15.16% 88.51%
10.6B
1.8B
-9.43% -7.12%
26.2
6.03
6.75% -42.80%
MID-CAP
7.2B
1.1B
-9.72% -1.76%
18.62
6.52
8.31% 38.10%
4.6B
820.5M
-7.18% 23.16%
163.68
5.6
29.95% 125.56%
4.2B
1.8B
-10.24% -2.78%
-11.27
2.3
5.60% -286.96%
2.3B
866.2M
-8.46% 38.20%
-26.75
2.69
0.51% -335.26%
SMALL-CAP
2.4B
882.0M
-7.85% -1.63%
-5.34
2.67
11.76% -239.94%
2.3B
426.3M
-3.29% 65.38%
24.82
5.51
1.38% 137.97%
973.5M
732.3M
-12.67% -28.09%
-11.42
1.33
-0.03% -4012.90%
955.8M
339.3M
-13.75% -8.90%
-5.41
2.82
88.48% -168.70%

Mid-America Apartment Communities News

MarketBeat
Mid-America Apartment Communities (NYSE:MAA) Coverage ....
MarketBeat,
11 minutes ago
Clarksville Now
InvestorsObserver
Best Stocks
InvestorPlace

Returns for MAA

Cumulative Returns on MAA

11.1%


10-Year Cumulative Returns

7.8%


7-Year Cumulative Returns

8.0%


5-Year Cumulative Returns

3.0%


3-Year Cumulative Returns

Risks for MAA

What is the probability of a big loss on MAA?

46.9%


Probability that Mid-America Apartment Communities stock will be more than 20% underwater in next one year

30.8%


Probability that Mid-America Apartment Communities stock will be more than 30% underwater in next one year.

18.5%


Probability that Mid-America Apartment Communities stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MAA drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Mid-America Apartment Communities was unfortunately bought at previous high price.

Drawdowns

Financials for Mid-America Apartment Communities

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.9%2,1132,0732,0201,9551,8871,8291,7781,7381,7091,6851,6781,6711,6641,6581,6411,6221,6041,5871,5711,5741,560
  S&GA Expenses-2.9%57.0058.0059.0058.0059.0056.0053.0050.0049.0047.0047.0046.0045.0045.0044.0046.0042.0041.0039.0031.0037.00
EBITDA-100.0%-1,3761,3451,3431,3071,3171,2531,1381,1059579441,0121,0321,0191,045------
EBITDA Margin-100.0%-0.66*0.67*0.69*0.69*0.72*0.70*0.65*0.65*0.57*0.56*0.61*0.62*0.61*0.64*------
Interest Expenses-1.4%151153155156156156157159161164168170174178180181181178174176174
Earnings Before Taxes-9.0%614675647647613625563451424277266335355341369277249247232234249
EBT Margin-100.0%-0.33*0.32*0.33*0.32*0.34*0.32*0.26*0.25*0.16*0.16*0.20*0.21*0.21*0.22*------
Net Income-9.8%598663637629592597534431407266255321340327354266240238223225239
Net Income Margin-100.0%-0.32*0.32*0.32*0.31*0.33*0.30*0.25*0.24*0.16*0.15*0.19*0.20*0.20*0.22*------
Free Cashflow-100.0%-1,0971,0581,024962926895858832811824804803787781------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22018Q42014Q12013Q42013Q3
Assets0.3%11,39111,35211,24111,33811,28011,19911,28511,25411,24211,19211,19511,12911,13111,15611,23011,24811,27511,3246,7866,8423,028
    Cash Equivalents5.4%15014239.0039.0061.0060.0013130.0032.0033.0025.0018.0020.0035.0071.0026.0041.0052.00--181
  Goodwill---------------------4.00
Liabilities1.2%5,0204,9625,0315,1665,0905,0695,1015,1395,1005,1555,0914,9964,9464,9294,9274,9974,9904,942--1,993
Shareholder's Equity-0.3%6,1626,1836,0055,9685,9835,9205,9655,8975,9195,8056,0885,9045,9555,9976,2896,0166,0516,372--990
  Additional Paid-In Capital0.0%7,4067,4087,2037,1977,1927,1987,2317,2177,2027,1837,1777,1737,1697,1707,1667,1507,1467,138--1,562
Shares Outstanding0.1%117117115115115115115115115114114114114114114114114114---
Minority Interest---------------------40.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations4.7%1,1491,0971,0581,024962926895858832811824804803787781755739700734948728
  Share Based Compensation-5.2%17.0018.0019.0018.0018.0018.0017.0015.0015.0014.0014.0015.0014.0014.0014.0014.0014.0014.0012.0012.0014.00
Cashflow From Investing-39.2%-640-460-405-398-178-224-253-461-419-507-484-300-295-275-238-309-285-263-366-265-442
Cashflow From Financing-2.3%-566-553-722-613-604-672-546-383-404-309-374-518-529-522-524-482-456-438-405-608-341
  Dividend Payments6.6%614576540513487479470467463460457452448443438433429426420420420
  Buy Backs---14.00---9.00---6.00---4.00---3.00--

MAA Income Statement

2023-06-30
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:    
Rental and other property revenues$ 535,146$ 495,040$ 1,064,179$ 971,118
Expenses:    
Operating expenses, excluding real estate taxes and insurance116,604110,007225,208211,124
Real estate taxes and insurance77,72971,670151,928139,973
Depreciation and amortization138,972134,144277,473267,882
Total property operating expenses333,305315,821654,609618,979
Property management expenses16,09115,63034,01932,167
General and administrative expenses13,88215,58029,80531,903
Interest expense36,72338,90574,00478,026
Loss (gain) on sale of depreciable real estate assets1(131,965)(14)(131,964)
Gain on sale of non-depreciable real estate assets0(355)(54)(378)
Other non-operating (income) expense(16,992)28,325(20,459)17,530
Income before income tax (expense) benefit152,136213,099292,269324,855
Income tax (expense) benefit(2,861)3,052(3,805)4,494
Income from continuing operations before real estate joint venture activity149,275216,151288,464329,349
Income from real estate joint venture382409767788
Net income149,657216,560289,231330,137
Net income (loss) attributable to noncontrolling interests3,9695,8587,6338,633
Net income available for shareholders145,688210,702281,598321,504
Dividends to MAA Series I preferred shareholders9229221,8441,844
Net income available for MAA common shareholders$ 144,766$ 209,780$ 279,754$ 319,660
Earnings per common share - basic:    
Net income available for MAA common shareholders$ 1.24$ 1.82$ 2.4$ 2.77
Earnings per common share - diluted:    
Net income available for MAA common shareholders$ 1.24$ 1.82$ 2.4$ 2.76
Limited Partnership [Member]    
Revenues:    
Rental and other property revenues$ 535,146$ 495,040$ 1,064,179$ 971,118
Expenses:    
Operating expenses, excluding real estate taxes and insurance116,604110,007225,208211,124
Real estate taxes and insurance77,72971,670151,928139,973
Depreciation and amortization138,972134,144277,473267,882
Total property operating expenses333,305315,821654,609618,979
Property management expenses16,09115,63034,01932,167
General and administrative expenses13,88215,58029,80531,903
Interest expense36,72338,90574,00478,026
Loss (gain) on sale of depreciable real estate assets1(131,965)(14)(131,964)
Gain on sale of non-depreciable real estate assets0(355)(54)(378)
Other non-operating (income) expense(16,992)28,325(20,459)17,530
Income before income tax (expense) benefit152,136213,099292,269324,855
Income tax (expense) benefit(2,861)3,052(3,805)4,494
Income from continuing operations before real estate joint venture activity149,275216,151288,464329,349
Income from real estate joint venture382409767788
Net income149,657216,560289,231330,137
Net income (loss) attributable to noncontrolling interests000(293)
Net income available for shareholders149,657216,560289,231330,430
Dividends to MAA Series I preferred shareholders9229221,8441,844
Net income available for MAA common shareholders$ 148,735$ 215,638$ 287,387$ 328,586
Earnings per common share - basic:    
Net income available for MAALP common unitholders$ 1.24$ 1.82$ 2.4$ 2.77
Earnings per common share - diluted:    
Net income available for MAALP common unitholders$ 1.24$ 1.82$ 2.4$ 2.76

MAA Balance Sheet

2023-06-30
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets  
Land$ 2,008,523$ 2,008,364
Buildings and improvements and other13,076,34512,841,947
Development and capital improvements in progress394,798332,035
Real Estate Investment Property, at Cost15,479,66615,182,346
Less: Accumulated depreciation(4,579,117)(4,302,747)
Real Estate Investment Property, Net10,900,54910,879,599
Undeveloped land73,86164,312
Investment in real estate joint venture42,34742,290
Real estate assets, net11,016,75710,986,201
Cash and cash equivalents150,15538,659
Restricted cash13,57022,412
Other assets210,688193,893
Total assets11,391,17011,241,165
Liabilities:  
Unsecured notes payable4,033,0914,050,910
Secured notes payable363,302363,993
Accrued expenses and other liabilities623,714615,843
Total liabilities5,020,1075,030,746
Redeemable common stock20,99120,671
Shareholders' equity:  
Preferred stock, value, outstanding99
Common stock, value, outstanding[1]1,1681,152
Additional Paid in Capital7,405,5727,202,834
Accumulated distributions in excess of net income(1,235,118)(1,188,854)
Accumulated other comprehensive loss(9,514)(10,052)
Total MAA shareholders' equity6,162,1176,005,089
Noncontrolling interests - Operating Partnership units165,626163,595
Total Company’s shareholders’ equity6,327,7436,168,684
Noncontrolling interests - consolidated real estate entities22,32921,064
Operating Partnership capital:  
Accumulated other comprehensive loss(9,514)(10,052)
Noncontrolling interests - consolidated real estate entities22,32921,064
Total equity6,350,0726,189,748
Total liabilities and equity11,391,17011,241,165
Limited Partnership [Member]  
Assets  
Land2,008,5232,008,364
Buildings and improvements and other13,076,34512,841,947
Development and capital improvements in progress394,798332,035
Real Estate Investment Property, at Cost15,479,66615,182,346
Less: Accumulated depreciation(4,579,117)(4,302,747)
Real Estate Investment Property, Net10,900,54910,879,599
Undeveloped land73,86164,312
Investment in real estate joint venture42,34742,290
Real estate assets, net11,016,75710,986,201
Cash and cash equivalents150,15538,659
Restricted cash13,57022,412
Other assets210,688193,893
Total assets11,391,17011,241,165
Liabilities:  
Unsecured notes payable4,033,0914,050,910
Secured notes payable363,302363,993
Accrued expenses and other liabilities623,714615,843
Total liabilities5,020,1265,030,765
Redeemable common stock20,99120,671
Shareholders' equity:  
Accumulated other comprehensive loss(9,712)(10,268)
Total Company’s shareholders’ equity6,327,7246,168,665
Noncontrolling interests - consolidated real estate entities22,32921,064
Operating Partnership capital:  
Preferred Units, Preferred Partners' Capital Accounts66,84066,840
General Partners' Capital Account[2]6,104,9705,948,498
Limited Partners' Capital Account[2]165,626163,595
Accumulated other comprehensive loss(9,712)(10,268)
Noncontrolling interests - consolidated real estate entities22,32921,064
Total equity6,350,0536,189,729
Total liabilities and equity11,391,17011,241,165
Limited Partnership [Member] | Related Party [Member]  
Liabilities:  
Due to general partner$ 19$ 19
[1]Number of shares issued and outstanding represents total shares of common stock regardless of classification on the Condensed Consolidated Balance Sheets. The number of shares classified as redeemable common stock on the Condensed Consolidated Balance Sheets as of June 30, 2023 and December 31, 2022 are 138,229and 136,429, respectively.
[2]Number of units outstanding represents total OP Units regardless of classification on the Condensed Consolidated Balance Sheets. The number of units classified as redeemable common units on the Condensed Consolidated Balance Sheets as of June 30, 2023 and December 31, 2022 are 138,229 and 136,429, respectively.
H. Eric Bolton
2430
MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States. As of December 31, 2020, MAA had ownership interest in 102,772 apartment units, including communities currently in development, across 16 states and the District of Columbia.