Mid-America Apartment Communities (MAA)
NYSEReal EstateReit - ResidentialSnapshot 2026-07-08
$137.78-2.77%
Close 2026-07-08 · 1-day change
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Track MAA free→Warn: Management is running behind on a stated commitment.
MAA owns apartments in growing US regions. It guides Core FFO per share near $8.69 in 2026. Profit margins remain very high near 95.6%. The company has low risk and stable management.
MAA trades at a high price-to-earnings ratio of 38.18, well above peers at 16.18. Revenue growth is slow, near 0.4% guided for 2025. Guidance is soft, showing some uncertainty in execution.
The market prices MAA about 31% above our fair value near $108. Analysts expect about 3% revenue growth. Our fair value is 21% below the Street median, reflecting skepticism on valuation.
Breaks if: Core FFO per share falls below $8.0 in FY26
Provide updates on the forecasted Core FFO per Share for the fiscal year 2026.
Stated in 3 of last 3 quarters. The forecasted Core FFO per Share for 2026 is $8.53 at the midpoint. Despite consistent guidance, revenue has shown limited growth, moving from $549.8M in 2024-Q4 to $543.1M in 2025-Q4. The trajectory is recurring focus, narrow delivery so far.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“2026 Forecasted Core FFO per Share of $8.53 represents the midpoint of our guidance range of $8.37 to $8.69.”
“2026 Forecasted Core FFO per Share of $8.53 represents the midpoint of our guidance range of $8.35 to $8.71.”
“2025 Forecasted Core FFO per Share of $8.74 represents the midpoint of our guidance range of $8.68 to $8.80.”
Breaks if: Core FFO per share Q2 falls below $2.00
Continue to uphold the Core FFO guidance for the fiscal year 2026.
Stated in 3 of last 3 quarters. Core FFO guidance for Q2 2026 is $2.00 to $2.12 per share. Despite maintaining guidance, financials show mixed results with net income fluctuating from $166.6M in 2024-Q4 to $176.1M in 2025-Q4. The trajectory shows persistent statement, limited substantive delivery this quarter.
“MAA expects Core FFO for the second quarter of 2026 to be in the range of $2.00 to $2.12 per diluted Share.”
“MAA expects Core FFO for the first quarter of 2026 to be in the range of $2.05 to $2.17 per diluted Share.”
“2025 FULL YEAR GUIDANCE MIDPOINT [$8.68 … $8.74 … $8.80]”
Breaks if: Gross margin falls below 93% in FY25
Breaks if: Revenue growth falls below -0.3% in FY25