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MID AMERICA APARTMENT COMMUNITIES INC. MAA

NYSE · reit · Real Estate Investment Trusts · website · IPO 1994-01-28 · LEI

MID AMERICA APARTMENT COMMUNITIES INC. statistics & valuation

Market cap$16.4B
P / E36.6×
P / S7.4×
P / B2.8×
Dividend yield4.33%
Net margin20.2%
Return on equity7.7%
Graham number -51.6%$65.00

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($65.00); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
11.30% 21.20% 14.20% 21.60% 15.20% 30.00% 31.60% 25.70% 24.10% 20.20% 2011201220182019202020212022202320242025
Gross margin (%)
2011201220182019202020212022202320242025
Operating margin (%)
22.10% 26.20% 2011201220182019202020212022202320242025
Return on equity (%)
6.60% 11.10% 3.50% 5.60% 4.20% 8.70% 10.30% 8.80% 8.60% 7.70% 2011201220182019202020212022202320242025
Shares outstanding
39.1M 42.9M 113.8M 114.2M 114.5M 115.3M 115.6M 116.7M 116.9M 117.1M 2011201220182019202020212022202320242025
Net debt ($)
2011201220182019202020212022202320242025
Share buybacks ($)
2011201220182019202020212022202320242025
Return on assets (%)
1.90% 3.80% 2.00% 3.20% 2.30% 4.70% 5.70% 4.80% 4.50% 3.70% 2011201220182019202020212022202320242025
Free cash flow margin (%)
2011201220182019202020212022202320242025
Debt / equity (×)
2011201220182019202020212022202320242025
EPS ($)
$1.31 $2.56 $1.93 $3.07 $2.19 $4.61 $5.48 $4.71 $4.49 $3.78 2011201220182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

MID AMERICA APARTMENT COMMUNITIES INC. trades at about 35.5× earnings — below its 10-year norm (10-year range 25.5×–60.6×, median 44.7×).

25.5× 60.6×

Shaded band = 10-year range (25.5×–60.6×); dot = today's 35.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2012FY2011
Operating margin————————26.2%22.1%
Net margin20.2%24.1%25.7%31.6%30.0%15.2%21.6%14.2%21.2%11.3%
Return on assets3.7%4.5%4.8%5.7%4.7%2.3%3.2%2.0%3.8%1.9%
Return on equity7.7%8.6%8.8%10.3%8.7%4.2%5.6%3.5%11.1%6.6%

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.