Feed / MAA

Mid-America Apartment Communities, Inc.

MAA

Real Estate · 124.48 -2.4% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Mid-America Apartment Communities, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 13 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Company-2.4% todayVolume comparison unavailable
Market group0 of 13 activeREIT - Residential · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • MAA's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if MAA's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Real Estate · REIT - Residential

No new filing conclusion is available. 0 of 13 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • MAA's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements97
Verified relationships1
Evidence supporting the case
  • Operating cash flow covered net income at 2.41x in the latest annual period.
  • Demand and volume has repeated favorable evidence across 4 filings.
  • Macroeconomic conditions has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Net margin changed -3.8 percentage points in the latest annual period.
Questions before a position
  • P/E is 48% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

124.48
6m-2.7%12m-14.4%24m-22.8%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$1.8B+6.0%$4.61+0.5%
2022-12-31$2.0B+13.6%$5.48+0.5%
2023-12-31$2.1B+6.4%$4.71+0.9%
2024-12-31$2.2B+2.0%$4.49+0.1%
2025-12-31$2.2B+0.8%$3.78+0.3%

What management says matters

Persistent and emerging business drivers

Demand and volumepositive · 4 filings
We believe demand for apartments is primarily driven by general economic conditions in our markets and is particularly correlated to job growth, population growth, household formation, in-migration and housing affordability over the long term.
10-Q · Apr 30, 2026
Macroeconomic conditionspositive · 4 filings
We believe demand for apartments is primarily driven by general economic conditions in our markets and is particularly correlated to job growth, population growth, household formation, in-migration and housing affordability over the long term.
10-Q · Apr 30, 2026
Credit and interest ratesnegative · 3 filings
The increase in borrowings under the commercial paper program was primarily driven by an increase in cash requirements to fund acquisition, development, redevelopment and property repositioning activities.
10-K · Feb 6, 2026
Restructuring and cost reductionsmixed · 2 filings
Non-GAAP Financial Measures Funds from Operations and Core Funds from Operations Funds from operations, or FFO, a non-GAAP financial measure, represents net income available for MAA common shareholders (computed in accordance with GAAP) excluding gains or los…
10-K · Feb 6, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 6.6× · EV/sales 6.6×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

124.48-2.4% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for MAA. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for MAA. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind MAA

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

JPMJPMorgan Chase & Co.partnerFeb 6, 2026

10.16 Fifth Amended and Restated Credit Agreement, dated as of October 21, 2025, by and among Wells Fargo Bank, National Association, as Administrative Agent, Wells Fargo Securities, LLC, KeyBanc Capital Markets Inc., and JPMorgan Chase Bank, N.A., as Joint L…

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

MAA is currently a Follower in the organic co-movement group REIT - Residential. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.