MAA

Real Estate

Mid-America Apartment Communities, Inc. · REIT - Residential · $15B

UQS Score — Balanced Preset
33.7
Below Average

Mid-America Apartment Communities, Inc. scores 33.7/100 using the Balanced preset.

UQS vs Real Estate Sector
MAA
33.7
Sector avg
38.4
Quality
Neutral
Moat
Weak
Growth
Weak
Risk
Weak
Valuation
Neutral

What is Mid-America Apartment Communities, Inc.?

Mid-America Apartment Communities is a large-cap real estate investment trust focused on apartment ownership and management across the Sun Belt and Mid-Atlantic United States. As an S&P 500 REIT, it serves residents across more than a hundred thousand apartment units.

MAA generates revenue primarily through rental income from its apartment communities. The company acquires, develops, redevelops, and manages multifamily properties concentrated in the Southeast, Southwest, and Mid-Atlantic regions — markets historically characterized by population growth and relative affordability. Rather than distributing earnings to shareholders through buybacks, MAA operates as a REIT, which requires distributing the majority of taxable income as dividends. Its strategy emphasizes full-cycle investment performance across market conditions.

MAA was founded in 1994 and is headquartered in Germantown, Tennessee.

  • Apartment community ownership and management across the Sun Belt
  • Multifamily property acquisition and development
  • Redevelopment of existing apartment communities
  • Geographic diversification across 16 states and Washington D.C.

Is MAA a Good Stock to Buy?

UQS Score rates MAA as Below Average overall, reflecting meaningful headwinds across several key pillars.

Among the five pillars, Quality stands out as the relative bright spot — suggesting the underlying business operations maintain a reasonable standard compared to the overall profile. Valuation comes in at a Neutral reading, meaning the stock is neither clearly cheap nor obviously expensive relative to its fundamentals.

The Moat, Growth, and Risk pillars all register as Weak, pointing to limited competitive differentiation, constrained near-term expansion prospects, and elevated risk factors that investors should weigh carefully.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does MAA pay dividends?

Yes — Mid-America Apartment Communities, Inc. pays a dividend.

MAA pays a regular dividend, consistent with its REIT structure, which legally requires distributing the majority of taxable income to shareholders. This makes MAA a common consideration for income-oriented investors. The dividend cadence is quarterly, typical for US-listed REITs. Investors should review current payout details on MAA's investor relations page, as distributions can vary with earnings.

When does MAA report earnings?

Mid-America Apartment Communities reports earnings on a quarterly cadence, typical for US-listed equities.

MAA's recent results have reflected the broader multifamily market environment, where rent growth has moderated following a period of elevated demand. The company's large regional footprint provides some diversification, though sector-wide pressures on occupancy and new supply have weighed on performance narratives.

For the most recent quarter's results and guidance, visit Mid-America Apartment Communities' investor relations page directly.

MAA Price History

-6.1% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Mid-America Apartment Communities, Inc.?

$
Today it would be worth
$9,751
That's a -2.5% total return, or -0.5% annualized.

Based on Mid-America Apartment Communities, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

MAA Long-term Outlook

MAA's Growth and Risk pillars both register as Weak, suggesting the near-term fundamental outlook faces real constraints. New apartment supply in Sun Belt markets has increased competitive pressure, and the path to meaningful earnings growth appears limited in the current environment. The Neutral Valuation reading indicates the market has partially priced in these challenges, leaving the risk-reward profile balanced rather than clearly favorable.

Growth drivers

  • Long-term population migration trends toward Sun Belt markets
  • Redevelopment pipeline adding value to existing communities
  • Potential for acquisition activity as market conditions evolve

Key risks

  • Elevated new apartment supply pressuring occupancy and rents
  • Interest rate sensitivity affecting REIT valuations and refinancing costs
  • Weak Moat score reflecting limited pricing power versus local competitors

MAA vs Peers

MAA operates in a competitive multifamily and residential REIT landscape alongside several large peers with distinct geographic and strategic profiles.

SUIMAA scores lower
Sun Communities, Inc.

Sun Communities focuses on manufactured housing and RV communities, giving it a different tenant base and asset class than MAA's traditional apartment portfolio.

ESSMAA scores lower
Essex Property Trust, Inc.

Essex concentrates on the West Coast apartment market, particularly California and the Pacific Northwest, contrasting with MAA's Sun Belt and Mid-Atlantic focus.

INVHMAA scores lower
Invitation Homes Inc.

Invitation Homes operates in the single-family rental space rather than multifamily apartments, appealing to a different renter demographic than MAA targets.

Frequently Asked Questions

What does Mid-America Apartment Communities do?

MAA is a real estate investment trust that owns, manages, acquires, develops, and redevelops apartment communities across the Southeast, Southwest, and Mid-Atlantic United States. The company generates revenue primarily through rental income and operates as an S&P 500 REIT with a portfolio spanning more than a hundred thousand units.

Does MAA pay dividends?

Yes, MAA pays a regular quarterly dividend. As a REIT, the company is required to distribute the majority of its taxable income to shareholders, making dividend payments a core part of its investor proposition. Check MAA's investor relations page for the current dividend rate and payment schedule.

When does MAA report earnings?

Mid-America Apartment Communities reports earnings on a quarterly cadence, consistent with US-listed equities. For exact dates of upcoming earnings releases, refer to the company's investor relations page, where the reporting calendar is maintained.

Is MAA a good stock to buy?

UQS Score rates MAA as Below Average overall. The Quality pillar shows relative strength, but Moat, Growth, and Risk all register as Weak. Valuation is Neutral. Whether MAA fits a portfolio depends on individual income needs and risk tolerance. The full pillar breakdown is available to UQS Pro members.

Is MAA overvalued?

MAA's Valuation pillar registers as Neutral in the UQS framework, suggesting the stock is neither clearly cheap nor obviously expensive relative to its fundamentals. Given the Weak Growth and Risk readings, investors should weigh whether the current price adequately compensates for those headwinds.

How does MAA compare to its competitors?

MAA's Sun Belt and Mid-Atlantic apartment focus differentiates it from peers like Essex Property Trust, which targets the West Coast, and Invitation Homes, which operates in single-family rentals. Sun Communities focuses on manufactured housing. Each peer carries a distinct geographic and asset-class profile. UQS Score comparisons across these tickers are available on their respective pages.

What is MAA's market cap bracket?

MAA is classified as a large-cap stock, reflecting its scale as one of the larger publicly traded apartment REITs in the United States and its inclusion in the S&P 500 index.

Who founded Mid-America Apartment Communities?

Mid-America Apartment Communities was founded in 1994. Detailed founding history, including key executives involved in establishing the company, is publicly available through the company's official history and SEC filings.

Is MAA a long-term quality investment?

As a long-term quality indicator, MAA's UQS profile presents a mixed picture. The Good Quality pillar suggests operational competence, but Weak scores in Moat, Growth, and Risk indicate structural challenges that could limit long-term compounding potential. Income-focused investors may view the dividend differently than growth-oriented ones.

What is the main competitive advantage of Mid-America Apartment Communities?

MAA's primary competitive positioning comes from its geographic concentration in Sun Belt and Mid-Atlantic markets, which have historically benefited from population inflows and relative housing affordability. However, the UQS Moat pillar rates as Weak, suggesting this advantage may not be deeply defensible against new supply or competing landlords.

What sector does MAA belong to?

MAA belongs to the Real Estate sector, specifically the residential REIT sub-sector focused on multifamily apartment communities. As a REIT, it is subject to specific tax and distribution rules that shape its financial structure and dividend policy.

Is MAA a growth stock or value stock?

Based on the UQS framework, MAA leans neither clearly toward growth nor value. The Growth pillar is Weak, indicating limited near-term expansion expectations, while Valuation is Neutral. Income investors may find the dividend relevant, but pure growth investors may find the profile less compelling.

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MAA — Score History

253035404550Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 16 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 7, 202635.662.325.07.927.054.20.0
May 4, 202635.662.325.07.927.054.5-0.1
May 3, 202635.762.325.08.027.054.6-0.1
Apr 26, 202635.862.325.08.027.055.1+0.1
Apr 20, 202635.762.325.08.027.054.90.0
Apr 19, 202635.762.325.08.027.055.0-0.2
Apr 18, 202635.962.525.08.327.055.3+0.7
Apr 14, 202635.262.525.08.327.050.5-6.2
Apr 13, 202641.462.650.08.327.050.6+6.3
Apr 12, 202635.162.525.08.327.050.3-0.1

MAA — Pillar Breakdown

Quality

55.7/100 (25%)

Mid-America Apartment Communities, Inc. shows solid profitability with healthy returns on capital and reasonable margins.

Return on EquityWeak

Profitability relative to shareholders' equity.

Operating ProfitabilityModerate

Ability to convert revenue into operating profit.

Net ProfitabilityStrong

Bottom-line profit as a share of revenue.

Cash GenerationModerate

Free cash flow relative to market value.

Growth

8.4/100 (20%)

Mid-America Apartment Communities, Inc. faces growth headwinds with declining or stagnant revenue trends.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthWeak

Year-over-year earnings per share growth.

Forward Revenue OutlookWeak

Analyst consensus for future revenue growth.

Forward EPS GrowthWeak

Analyst consensus for future earnings growth.

Risk

25.2/100 (15%)

Mid-America Apartment Communities, Inc. presents elevated risk with concerns around leverage or financial stability.

Debt/EquityModerate

Total debt relative to shareholder equity.

Current RatioWeak

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

53.9/100 (15%)

Mid-America Apartment Communities, Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.

Earnings YieldWeak

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowStrong

How many years of FCF the market cap represents.

EV/EBITDA vs SectorModerate

Enterprise value multiple relative to sector median.

Moat

25/100 (25%)

Mid-America Apartment Communities, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for MAA.

Score Composition

Quality
55.7×25%13.9
Growth
8.4×20%1.7
Risk
25.2×15%3.8
Valuation
53.9×15%8.1
Moat
25.0×25%6.3
Total
33.7Below Average

Financial Data

More Stock Analysis

How is the MAA UQS Score Calculated?

The UQS (Unified Quality Score) for Mid-America Apartment Communities, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Mid-America Apartment Communities, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Mid-America Apartment Communities, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.