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142.19 USD
P/E
42.51
EPS
3.31
Yield
4.32%
Safety Score
61
P/B
2.96
ROE
6.71
Beta
0.74
Target Price
141.79 USD
Mid-America Apartment Communities, Inc. logo

Mid-America Apartment Communities, Inc.

🧾 Earnings Recap – Q1 2026

Shares declined 0.9% following the Q1 report, with the market response reflecting a broadly neutral update and no major surprises in the results or outlook. Management highlighted steady occupancy, improving blended lease pricing, and strong collections, while also acknowledging persistent supply pressures impacting new lease rates in select markets.

  • Physical occupancy held stable at 95.5%, with net delinquency at 0.3% of billed rents, consistent with previous quarters.
  • New lease-over-lease growth improved by 110 basis points sequentially, though management continues to note supply pressure, particularly in markets like Austin, Charlotte, and Savannah.
  • Blended lease-over-lease pricing increased 140 basis points from Q4, supported by strong renewal trends.
  • Development spend outlook for 2026 was reduced to $350 million (down from $400 million initially forecast), with the start of four projects expected this year.
  • Major mid-tier and large markets (Richmond, Greenville, D.C., Atlanta, Dallas, Orlando) outperformed, while a few high-supply Sunbelt markets continue to lag.
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Key Metrics
Earnings dateJuly 29, 2026
P/E42.51
EPS3.31
Book Value47.62
Price to Book2.96
Debt/Equity99.83
% Insiders0.461%
Growth
Revenue Growth0.01%
Earnings Growth-0.32%
Estimates
Forward P/E36.17
Forward EPS3.89
Target Mean Price141.79
Dividend
Dividend Yield4.32%
Annual dividends6.09 USD
Ex-Div. DateJuly 15, 2026
Payout183.39%
5y avg Yield3.22%

DCF Valuation

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DCF Result

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Terminal PV
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Mid-America Apartment Communities, Inc. Logo Mid-America Apartment Communities, Inc. Analysis (MAA)

United States Real Estate Official Website Stock

Is Mid-America Apartment Communities, Inc. a good investment? Mid-America Apartment Communities, Inc. (MAA) is currently trading at 142.19 USD. Market analysts have a consensus price target of 141.79 USD. This suggests the asset is currently trading above analyst expectations.

In terms of valuation, the stock trades at a P/E ratio of 42.51. This high multiple suggests investors have priced in significant future growth expectations.

Earnings Schedule: Mid-America Apartment Communities, Inc. is expected to release its next earnings report on July 29, 2026. The market consensus estimate for Forward EPS is 3.89.

For income investors, Mid-America Apartment Communities, Inc. pays a dividend yield of 4.32%. With a payout ratio of 183%, the dividend appears to be under pressure.

Investor FAQ

Does Mid-America Apartment Communities, Inc. pay a dividend?

Yes, it pays an annual dividend of 6.09 USD (4.32% yield).

What asset class is Mid-America Apartment Communities, Inc.?

Mid-America Apartment Communities, Inc. is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be July 29, 2026. The company currently has a trailing EPS of 3.31.

Company Profile

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.

Exchange Ticker
NYQ (United States) MAA
Trades
Dividend Yield
4.32%
5y avg 3.22%
Annual Dividends
6.09USD
Next Ex. Div Date
July 15, 2026
Payout Ratio
183.39%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
2027
3.38 USD
April 30, 2027 (estimated) 1.6919
Jan. 29, 2027 (estimated) 1.6919
2026
6.26 USD
Oct. 30, 2026 (estimated) 1.6720
July 31, 2026 1.5300
April 30, 2026 1.5300
Jan. 30, 2026 1.5300
2025
6.06 USD
Oct. 31, 2025 1.5150
July 31, 2025 1.5150
April 30, 2025 1.5150
Jan. 31, 2025 1.5150
2024
5.88 USD
Oct. 31, 2024 1.4700
July 31, 2024 1.4700
April 30, 2024 1.4700
Jan. 31, 2024 1.4700
2023
5.60 USD
Oct. 31, 2023 1.4000
July 31, 2023 1.4000
April 28, 2023 1.4000
Jan. 31, 2023 1.4000
2022
4.68 USD
Oct. 31, 2022 1.2500
July 25, 2022 1.2500
April 29, 2022 1.0880
Jan. 31, 2022 1.0880
2021
4.10 USD
Oct. 29, 2021 1.0250
July 30, 2021 1.0250
April 30, 2021 1.0250
Jan. 29, 2021 1.0250
2020
4.00 USD
Oct. 30, 2020 1.0000
July 31, 2020 1.0000
April 30, 2020 1.0000
Jan. 31, 2020 1.0000
2019
3.84 USD
Oct. 31, 2019 0.9600
July 31, 2019 0.9600
April 30, 2019 0.9600
Jan. 31, 2019 0.9600
2018
3.69 USD
Oct. 31, 2018 0.9230
July 31, 2018 0.9230
April 30, 2018 0.9230
Jan. 31, 2018 0.9230
2017
3.48 USD
Oct. 31, 2017 0.8700
July 31, 2017 0.8700
April 28, 2017 0.8700
Jan. 31, 2017 0.8700
2016
3.28 USD
Oct. 31, 2016 0.8200
July 29, 2016 0.8200
April 29, 2016 0.8200
Jan. 29, 2016 0.8200
2015
3.08 USD
Oct. 30, 2015 0.7700
July 31, 2015 0.7700
April 30, 2015 0.7700
Jan. 30, 2015 0.7700
2014
2.92 USD
Oct. 31, 2014 0.7300
July 31, 2014 0.7300
April 30, 2014 0.7300
Jan. 31, 2014 0.7300
2013
2.78 USD
Oct. 31, 2013 0.6950
July 31, 2013 0.6950
April 30, 2013 0.6950
Jan. 31, 2013 0.6950
2012
2.64 USD
Oct. 31, 2012 0.6600
July 31, 2012 0.6600
April 30, 2012 0.6600
Jan. 31, 2012 0.6600
2011
2.51 USD
Oct. 31, 2011 0.6280
July 29, 2011 0.6280
April 29, 2011 0.6280
Jan. 31, 2011 0.6280
2010
2.46 USD
Oct. 29, 2010 0.6150
July 30, 2010 0.6150
April 30, 2010 0.6150
Jan. 29, 2010 0.6150
2009
2.46 USD
Oct. 30, 2009 0.6150
July 31, 2009 0.6150
April 30, 2009 0.6150
Jan. 30, 2009 0.6150
2008
2.46 USD
Oct. 31, 2008 0.6150
July 31, 2008 0.6150
April 30, 2008 0.6150
Jan. 31, 2008 0.6150
2007
2.42 USD
Oct. 31, 2007 0.6050
July 31, 2007 0.6050
April 30, 2007 0.6050
Jan. 31, 2007 0.6050
2006
2.38 USD
Oct. 31, 2006 0.5950
July 31, 2006 0.5950
April 29, 2006 0.5950
Jan. 31, 2006 0.5950
2005
2.35 USD
Oct. 31, 2005 0.5950
July 29, 2005 0.5850
April 29, 2005 0.5850
Jan. 31, 2005 0.5850
2004
2.34 USD
Oct. 30, 2004 0.5850
July 31, 2004 0.5850
April 30, 2004 0.5850
Jan. 31, 2004 0.5850
2003
2.34 USD
Oct. 31, 2003 0.5850
July 31, 2003 0.5850
April 30, 2003 0.5850
Jan. 31, 2003 0.5850
2002
2.34 USD
Oct. 31, 2002 0.5850
July 31, 2002 0.5850
April 30, 2002 0.5850
Jan. 31, 2002 0.5850
2001
2.34 USD
Oct. 31, 2001 0.5850
July 31, 2001 0.5850
April 30, 2001 0.5850
Jan. 31, 2001 0.5850
2000
2.32 USD
Oct. 31, 2000 0.5800
July 31, 2000 0.5800
April 28, 2000 0.5800
Jan. 31, 2000 0.5800
1999
2.30 USD
Oct. 29, 1999 0.5750
July 30, 1999 0.5750
April 30, 1999 0.5750
Jan. 29, 1999 0.5750
1998
2.20 USD
Oct. 30, 1998 0.5500
July 31, 1998 0.5500
April 30, 1998 0.5500
Jan. 30, 1998 0.5500
1997
2.14 USD
Oct. 31, 1997 0.5350
July 31, 1997 0.5350
April 30, 1997 0.5350
Jan. 31, 1997 0.5350
1996
2.04 USD
Oct. 31, 1996 0.5100
July 31, 1996 0.5100
April 30, 1996 0.5100
Jan. 31, 1996 0.5100
1995
2.00 USD
Oct. 31, 1995 0.5000
July 31, 1995 0.5000
April 28, 1995 0.5000
Jan. 31, 1995 0.5000
1994
1.16 USD
Oct. 31, 1994 0.4500
July 29, 1994 0.4500
May 10, 1994 0.2600
Upcoming Dividends
Name Payment Date Status Amount
Mid-America Apartment Communities, Inc. Jul 31, 2026 Upcoming 1.53 USD
Mid-America Apartment Communities, Inc. Apr 30, 2026 1.53 USD
Mid-America Apartment Communities, Inc. Jan 30, 2026 1.53 USD
Mid-America Apartment Communities, Inc. Oct 31, 2025 1.515 USD
Mid-America Apartment Communities, Inc. Jul 31, 2025 1.515 USD
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