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Mid-America Apartment Communities Inc Stock Research

MAA

141.16USD+0.41(+0.29%)Market Closed

Market Summary

USD141.16+0.41
Market Closed
0.29%

MAA Stock Price

MAA RSI Chart

MAA Valuation

Market Cap

16.3B

Price/Earnings (Trailing)

25.57

Price/Sales (Trailing)

8.07

EV/EBITDA

12.09

Price/Free Cashflow

15.4

MAA Price/Sales (Trailing)

MAA Profitability

EBT Margin

32.03%

Return on Equity

10.61%

Return on Assets

5.67%

Free Cashflow Yield

6.49%

MAA Fundamentals

MAA Revenue

Revenue (TTM)

2.0B

Revenue Y/Y

13.89%

Revenue Q/Q

1.38%

MAA Earnings

Earnings (TTM)

637.4M

Earnings Y/Y

4.3%

Earnings Q/Q

58.3%

Price Action

52 Week Range

140.67213.05
(Low)(High)

Last 7 days

-5.5%

Last 30 days

-14.4%

Last 90 days

-9.7%

Trailing 12 Months

-29.0%

MAA Financial Health

MAA Investor Care

Dividend Yield

3.53%

Dividend/Share (TTM)

4.99

Shares Dilution (1Y)

0.12%

Diluted EPS (TTM)

5.48

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
49.9B
4.2B
-4.69% -18.91%
11.48
11.94
22.43% 122.66%
27.4B
4.7B
-13.06% -30.36%
72.66
5.85
5.96% -77.90%
21.1B
2.7B
-13.45% -34.66%
27.15
7.77
11.91% -41.71%
19.8B
2.6B
-26.23% -37.57%
38.02
7.66
22.46% -8.68%
10.9B
1.7B
-4.07% -25.83%
86.7
6.32
26.61% -85.07%
MID-CAP
7.5B
1.1B
-13.40% -19.63%
19.4
6.96
12.95% 47.42%
4.2B
802.0M
-10.76% -9.22%
-332.18
5.23
114.83% 84.36%
2.5B
1.8B
-37.64% -69.18%
-7.3
1.41
13.26% -296.88%
2.0B
859.2M
-23.08% -34.08%
-30.3
2.33
1.38% -563.21%
SMALL-CAP
2.0B
421.4M
5.30% 16.12%
22.96
4.63
3.35% 1705.32%
1.3B
826.7M
-43.31% -73.02%
-17.18
1.62
-2.04% -117.36%
1.0B
190.3M
-5.57% -5.31%
11.05
5.35
12.08% 1950.56%
868.4M
740.4M
-27.62% -62.25%
-23.86
1.17
1.87% -78.85%

Financials for Mid-America Apartment Communities

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue3.3%2,0201,9551,8871,8291,778
  S&GA Expenses1.1%59.0058.0059.0056.0053.00
EBITDA0.1%1,3451,3431,3071,317-
EBITDA Margin-3.1%0.67*0.69*0.69*0.72*-
Earnings Before Taxes-0.1%647647613625563
EBT Margin-3.2%0.32*0.33*0.32*0.34*-
Interest Expenses-0.7%155156156156157
Net Income1.3%637629592597534
Net Income Margin-2.0%0.32*0.32*0.31*0.33*-
Free Cahsflow3.4%1,0581,024962926-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-0.9%11,24111,33811,28011,19911,285
    Cash Equivalents-0.9%39.0039.0061.0060.0054.00
Liabilities-2.6%5,0315,1665,0905,0695,101
Shareholder's Equity0.6%6,0055,9685,9835,9205,965
  Additional Paid-In Capital0.1%7,2037,1977,1927,1987,231
Shares Outstanding0.0%115115115115115
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations3.4%1,0581,024962926895
  Share Based Compensation1.7%19.0018.0018.0018.0017.00
Cashflow From Investing-1.7%-405-398-178-224-253
Cashflow From Financing-17.8%-722-613-604-672-546
  Dividend Payments5.1%540513487479470
  Buy Backs55.3%14.009.00---

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

29.6%


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

Returns for MAA

Cumulative Returns on MAA

11.2%


10-Year Cumulative Returns

8.6%


7-Year Cumulative Returns

13.5%


5-Year Cumulative Returns

21.7%


3-Year Cumulative Returns

What are the long-term rolling returns for MAA?

FIve years rolling returns for Mid-America Apartment Communities.

Annualized Returns

Which funds bought or sold MAA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
1.42
10,709
448,709
0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
15.26
1,226,210
8,576,210
0.01%
2023-03-07
Investure, LLC
unchanged
-
236,294
19,320,800
3.78%
2023-03-06
Rockefeller Capital Management L.P.
added
3.4
5,000
104,000
-%
2023-02-28
Voya Investment Management LLC
reduced
-18.29
-2,512,290
12,023,700
0.02%
2023-02-27
Parallax Volatility Advisers, L.P.
sold off
-100
-427,000
-
-%
2023-02-27
ST GERMAIN D J CO INC
new
-
37,678
37,678
0.01%
2023-02-24
SRS Capital Advisors, Inc.
added
2.74
5,356
129,356
0.02%
2023-02-24
National Pension Service
added
6.97
2,448,690
28,739,400
0.06%
2023-02-24
NATIXIS
reduced
-72.31
-813,880
317,120
-%

1–10 of 48

Latest Funds Activity

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

Mid-America Apartment Communities News

MarketWatch

UDR Inc. stock outperforms competitors despite losses on the day.

MarketWatch,
7 hours ago

The News Heater

Marketscreener.com

Seeking Alpha

Schedule 13G FIlings of Mid-America Apartment Communities

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Feb 09, 2021
state street corp
5.76%
6,591,473
SC 13G

MAA Fair Value

Mid-America Apartment Communities fair value in different scenarios

The table shows the Fair Value estimates for Mid-America Apartment Communities for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

83.92

-40.55%

103.56

-26.64%

143.59

1.72%

305.22

116.22%

509.59

261.00%
Current Inflation

77.53

-45.08%

94.19

-33.27%

127.68

-9.55%

264.21

87.17%

435.92

208.81%
Very High Inflation

69.70

-50.62%

82.92

-41.26%

109.07

-22.73%

217.17

53.85%

352.10

149.43%

Historical Mid-America Apartment Communities Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Mid-America Apartment Communities

View All Filings
Date Filed Form Type Document
Mar 22, 2023
3
Insider Trading
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
4
Insider Trading
Mar 21, 2023
8-K
Current Report
Mar 08, 2023
8-K
Current Report
Mar 03, 2023
8-K
Current Report
Feb 21, 2023
4
Insider Trading

Latest Insider Trading transactions for MAA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-21
Caplan Deborah H
acquired
-
-
509
-
2023-02-21
Hill Adrian
sold
-95,941
164
-584
evp, chief investment officer
2023-02-03
STOCKERT DAVID P
gifted
-
-
-1,600
-
2023-01-11
Campbell Albert M III
sold
-14,468
155
-93.00
evp, chief financial officer
2023-01-11
Carpenter Melanie
sold
-41,848
155
-269
evp & chro
2023-01-11
DelPriore Robert J.
sold
-153,703
155
-988
evp, general counsel
2023-01-09
DelPriore Robert J.
sold (taxes)
-49,843
155
-320
evp, general counsel
2023-01-09
Carpenter Melanie
sold (taxes)
-17,912
155
-115
evp & chro
2023-01-09
BOLTON H ERIC JR
sold (taxes)
-116,820
155
-750
president and ceo
2023-01-09
Argo Timothy
sold (taxes)
-11,526
155
-74.00
evp, chief strategy & analysis

1–10 of 50

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.

MAA Income Statement

2022-12-31
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:   
Rental and other property revenues$ 2,019,866$ 1,778,082$ 1,677,984
Expenses:   
Operating expenses, excluding real estate taxes and insurance435,108404,288387,966
Real estate taxes and insurance288,586266,877252,505
Depreciation and amortization542,998533,433510,842
Total property operating expenses1,266,6921,204,5981,151,313
Property management expenses65,46355,73252,300
General and administrative expenses58,83352,88446,858
Interest expense154,747156,881167,562
Gain on sale of depreciable real estate assets(214,762)(220,428)(9)
Gain on sale of non-depreciable real estate assets(809)(811)(1,024)
Other non-operating expense (income)42,713(33,902)(4,857)
Income before income tax benefit (expense)646,989563,128265,841
Income tax benefit (expense)6,208(13,637)(3,327)
Income from continuing operations before real estate joint venture activity653,197549,491262,514
Income from real estate joint venture1,5791,2111,501
Net income654,776550,702264,015
Net income (loss) attributable to noncontrolling interests17,34016,9119,053
Net income available for shareholders637,436533,791254,962
Distributions to MAALP preferred unitholders3,6883,6883,688
Net income available for MAA common shareholders$ 633,748$ 530,103$ 251,274
Earnings per common share - basic:   
Net income available for MAA common shareholders$ 5.49$ 4.62$ 2.20
Earnings per common share - diluted:   
Net income available for MAA common shareholders$ 5.48$ 4.61$ 2.19
Limited Partner [Member]   
Revenues:   
Rental and other property revenues$ 2,019,866$ 1,778,082$ 1,677,984
Expenses:   
Operating expenses, excluding real estate taxes and insurance435,108404,288387,966
Real estate taxes and insurance288,586266,877252,505
Depreciation and amortization542,998533,433510,842
Total property operating expenses1,266,6921,204,5981,151,313
Property management expenses65,46355,73252,300
General and administrative expenses58,83352,88446,858
Interest expense154,747156,881167,562
Gain on sale of depreciable real estate assets(214,762)(220,428)(9)
Gain on sale of non-depreciable real estate assets(809)(811)(1,024)
Other non-operating expense (income)42,713(33,902)(4,857)
Income before income tax benefit (expense)646,989563,128265,841
Income tax benefit (expense)6,208(13,637)(3,327)
Income from continuing operations before real estate joint venture activity653,197549,491262,514
Income from real estate joint venture1,5791,2111,501
Net income654,776550,702264,015
Net income (loss) attributable to noncontrolling interests(293)00
Net income available for shareholders655,069550,702264,015
Distributions to MAALP preferred unitholders3,6883,6883,688
Net income available for MAA common shareholders$ 651,381$ 547,014$ 260,327
Earnings per common share - basic:   
Net income available for MAALP common unitholders$ 5.49$ 4.62$ 2.20
Earnings per common share - diluted:   
Net income available for MAALP common unitholders$ 5.48$ 4.61$ 2.20

MAA Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets  
Land$ 2,008,364$ 1,977,813
Buildings and improvements and other12,841,94712,454,439
Development and capital improvements in progress332,035247,970
Real Estate Investment Property, at Cost15,182,34614,680,222
Less: Accumulated depreciation(4,302,747)(3,848,161)
Real Estate Investment Property, Net10,879,59910,832,061
Undeveloped land64,31224,015
Investment in real estate joint venture42,29042,827
Real estate assets, net10,986,20110,898,903
Cash and cash equivalents38,65954,302
Restricted cash22,41276,296
Other assets193,893255,681
Total assets11,241,16511,285,182
Liabilities:  
Unsecured notes payable4,050,9104,151,375
Secured notes payable363,993365,315
Accrued expenses and other liabilities615,843584,400
Total liabilities5,030,7465,101,090
Redeemable common stock20,67130,185
Shareholders’ equity:  
Preferred Stock, Value, Outstanding99
Common stock[1]1,1521,151
Additional paid-in capital7,202,8347,230,956
Accumulated distributions in excess of net income(1,188,854)(1,255,807)
Accumulated other comprehensive loss(10,052)(11,132)
Total MAA shareholders’ equity6,005,0895,965,177
Noncontrolling interests - Operating Partnership units163,595165,116
Total Company’s shareholders’ equity6,168,6846,130,293
Noncontrolling interests - consolidated real estate entities21,06423,614
Total equity6,189,7486,153,907
Operating Partnership capital:  
Accumulated other comprehensive loss(10,052)(11,132)
Total operating partners' capital6,168,6846,130,293
Noncontrolling interests - consolidated real estate entities21,06423,614
Total equity6,189,7486,153,907
Total liabilities and equity11,241,16511,285,182
Limited Partner [Member]  
Assets  
Land2,008,3641,977,813
Buildings and improvements and other12,841,94712,454,439
Development and capital improvements in progress332,035247,970
Real Estate Investment Property, at Cost15,182,34614,680,222
Less: Accumulated depreciation(4,302,747)(3,848,161)
Real Estate Investment Property, Net10,879,59910,832,061
Undeveloped land64,31224,015
Investment in real estate joint venture42,29042,827
Real estate assets, net10,986,20110,898,903
Cash and cash equivalents38,65954,302
Restricted cash22,41276,296
Other assets193,893255,681
Total assets11,241,16511,285,182
Liabilities:  
Unsecured notes payable4,050,9104,151,375
Secured notes payable363,993365,315
Accrued expenses and other liabilities615,843584,400
Due to general partner1919
Total liabilities5,030,7655,101,109
Redeemable common stock20,67130,185
Shareholders’ equity:  
Accumulated other comprehensive loss(10,268)(11,382)
Total Company’s shareholders’ equity6,168,6656,130,274
Noncontrolling interests - consolidated real estate entities21,06423,614
Total equity6,189,7296,153,888
Operating Partnership capital:  
Preferred Units, Preferred Partners' Capital Accounts66,84066,840
General Partners' Capital Account[2]5,948,4985,909,700
Limited Partners' Capital Account[2]163,595165,116
Accumulated other comprehensive loss(10,268)(11,382)
Total operating partners' capital6,168,6656,130,274
Noncontrolling interests - consolidated real estate entities21,06423,614
Total equity6,189,7296,153,888
Total liabilities and equity$ 11,241,165$ 11,285,182
[1]Number of shares issued and outstanding represents total shares of common stock regardless of classification on the Consolidated Balance Sheets. The number of shares classified as redeemable common stock on the Consolidated Balance Sheets as of December 31, 2022 and December 31, 2021 are 136,429 and 131,559, respectively.
[2]Number of units outstanding represents total OP Units regardless of classification on the Consolidated Balance Sheets. The number of units classified as redeemable common units on the Consolidated Balance Sheets as of December 31, 2022 and December 31, 2021 are 136,429 and 131,559, respectively.