TORVANTA
Real Estate · S&P 500 · data as of 2026-10-05

MAA stock analysis: Mid-America Apartment

Mid-America Apartment (MAA) is an S&P 500 company in Multi-Family Residential REITs. It grades weakest on momentum and growth.

The model's view of MAA · subscribers

Where MAA ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with MAA · updated 2026-10-05 · from prices and SEC filings

MAA price performance

MAA against the S&P 500, one year
-10%+0%+10%+20%S&P 500 +18%MAA -12%2025-09-292026-10-05
Year to date-13.2%S&P 500 +14.5% · behind by 27.7 pts
1 year-10.8%S&P 500 +17.0% · behind by 27.8 pts
3 years+3.3%S&P 500 +89.3% · behind by 86.0 pts
5 years-25.4%S&P 500 +91.3% · behind by 116.7 pts

Total returns with dividends reinvested.

MAA factor grades

Each grade compares MAA with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

CValueP/E 35.3x (industry 33.8x)FCF yield 7.6% (industry 8.0%)
D-GrowthRevenue growth +1% (industry +3%)EPS growth -31% (industry +111%)
C+Profitability
D+Momentum12-month change -11%From 52-wk high -17%

MAA in plain numbers

MAA key statistics

SectorReal Estate
IndustryMulti-Family Residential REITs
IndexS&P 500
Market value$13.6B
Revenue growth (y/y)+1%
Free-cash-flow yield7.6%
Dividend yield5.2%
Next earnings (expected)2026-10-28
Valuation measures
Market value$13.6B
Enterprise value$13.5B
P/E (trailing)35.3x
Forward P/E (Torvanta estimate)35.5x
Price / sales6.1x
Price / book2.4x
EV / revenue6.1x
Financial highlights
Revenue, last 12 months$2.2B
Net income, last 12 months$389.6M
EPS, last 12 months (GAAP)$3.30
Net margin17.6%
Return on equity6.8%
Cash$71.5M
Total debt$0

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

MAA earnings trends

Revenue vs earnings
$0$138.9M$277.8M$416.7M$555.6MJun 2024 Revenue: $546.4MSep 2024 Revenue: $551.1MDec 2024 Revenue: $549.8MMar 2025 Revenue: $549.3MJun 2025 Revenue: $549.9MSep 2025 Revenue: $554.4MDec 2025 Revenue: $555.6MMar 2026 Revenue: $553.7MJun 2024 Net income: $102.0MSep 2024 Net income: $115.2MDec 2024 Net income: $166.6MMar 2025 Net income: $181.7MJun 2025 Net income: $108.1MSep 2025 Net income: $99.5MDec 2025 Net income: $57.6MMar 2026 Net income: $124.4MJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Net margin: 18.7%Net margin: 20.9%Net margin: 30.3%Net margin: 33.1%Net margin: 19.7%Net margin: 18.0%Net margin: 10.4%Net margin: 22.5%0%17%33%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.4$0.8$1.2$1.5Jun 2024 EPS (GAAP, diluted): $0.9Sep 2024 EPS (GAAP, diluted): $1.0Dec 2024 EPS (GAAP, diluted): $1.4Mar 2025 EPS (GAAP, diluted): $1.5Jun 2025 EPS (GAAP, diluted): $0.9Sep 2025 EPS (GAAP, diluted): $0.8Dec 2025 EPS (GAAP, diluted): $0.5Mar 2026 EPS (GAAP, diluted): $1.1Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026■ EPS (GAAP, diluted) Change from a year earlier: Jun 2025 +7% · Sep 2025 -14% · Dec 2025 -66% · Mar 2026 -31%

From the company's 10-Q and 10-K filings with the SEC.

Mid-America Apartment financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$1.8B$2.0B$2.1B$2.2B$2.2B
Net income$533.8M$637.4M$552.8M$527.5M$446.9M
EPS (GAAP)$4.61$5.48$4.71$4.48$3.78

MAA earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-04-29$1.06-31%+1%-1.9%
2026-02-04$0.48-66%+1%+0.6%
2025-10-29$0.84-14%+1%-0.4%
2025-07-30$0.92+7%+1%-6.0%
2025-04-30$1.54+26%+1%+2.2%
2025-02-05$1.42+4%+1%+2.0%

About Mid-America Apartment

HeadquartersGermantown, TN
Industry (SEC code)Real Estate Investment Trusts
Fiscal year endsDecember 31
Incorporated inTN
Listed onNYSE, NYSE
FormerlyMID AMERICA APARTMENT COMMUNITIES INC

From the company's SEC registration record.

Companies similar to MAA

CompanyMarket valueP/ERevenue growthOperating margin12-month change
MAA Mid-America Apartment$13.6B35.3x+1%n/a-11%
UDR UDR Inc$11.0B23.0x+2%38.5%-2%compare
ESS Essex Property$17.5B42.3x+5%32.5%+7%compare
CPT Camden Property$9.8B32.2x+57%n/a-3%compare
VMRK Vivmark Residentialn/an/a+3%57.7%-1%

All Real Estate stock ratings

Frequently asked questions

Is MAA stock a buy?

Torvanta does not tell individuals what to buy. Its grades for MAA are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is MAA's P/E ratio?

MAA trades at about 35.3 times its last 12 months of GAAP earnings reported to the SEC, and about 35.5 times Torvanta's own estimate of the next 12 months.

When does MAA report earnings next?

Based on its filing history, Torvanta expects Mid-America Apartment to report around 2026-10-28.

Does MAA pay a dividend?

Yes. Its dividend yield is about 5.2%, and it has raised its dividend 1 years in a row.

How has MAA performed against the S&P 500?

Over the past year MAA returned -10.8%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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