MAA · Mid America Apartment Communities Inc.
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Average effective interest rate | 3.9% | As of June 30, 2026 | — |
| Average Effective Rent per Unit | $1,687 | six months ended June 30, 2026 | — |
| Average Physical Occupancy | 94% | As of June 30, 2026 | — |
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| Combined cash and available capacity under MAALP's unsecured revolving credit facility | $882.8M | As of June 30, 2026 | — |
| Completed Units | 1,952 | As of June 30, 2026 | — |
| Core AFFO attributable to common shareholders and unitholders non-GAAP | 446.58M | Six months ended June 30, 2026 | — |
| Core AFFO per Share - diluted non-GAAP | $3.74 | Six months ended June 30, 2026 | — |
| Core FFO attributable to common shareholders and unitholders non-GAAP | 502.57M | Six months ended June 30, 2026 | — |
| Core FFO per Share - diluted non-GAAP | $4.21 | six months ended June 30, 2026 | — |
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| Development units delivered | 193 | As of June 30, 2026 | — |
| Development units leased | 127 | As of June 30, 2026 | — |
| Dividends and distributions paid on shares of common stock and noncontrolling interests | $182.5M | three months ended June 30, 2026 | — |
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| Dividends/Core AFFO (diluted) payout ratio non-GAAP | 81.8% | Six months ended June 30, 2026 | — |
| Dividends/Core FFO (diluted) payout ratio non-GAAP | 72.7% | Six months ended June 30, 2026 | — |
| Effective Blended Lease Rate Growth | 0.7% | three months ended June 30, 2026 | — |
| Effective New Lease Rate Growth | -6% | six months ended June 30, 2026 | — |
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| Effective Renewal Lease Rate Growth | 5.2% | three months ended June 30, 2026 | — |
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| FAD attributable to common shareholders and unitholders non-GAAP | 339.9M | Six months ended June 30, 2026 | — |
| FFO attributable to common shareholders and unitholders non-GAAP | 516.03M | Six months ended June 30, 2026 | — |
| Fixed rate debt as a % of total debt | 86.6% | As of June 30, 2026 | — |
| Fixed Rate Debt Balance | $4.93B | As of June 30, 2026 | — |
| Floating Rate Debt Balance | $761.68M | As of June 30, 2026 | — |
| Floating Rate Debt Percent of Total | 13.4% | As of June 30, 2026 | — |
| Funds from operations (FFO) per Share - diluted non-GAAP | $4.32 | six months ended June 30, 2026 | — |
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| Interior Redevelopment Average Cost per Unit | $5,134 | Six months ended June 30, 2026 | — |
| Interior Redevelopment Increase in Average Effective Rent per Unit | $110 | Six months ended June 30, 2026 | — |
| Interior Redevelopment Units Completed | 3,504 | Six months ended June 30, 2026 | — |
| Move-outs associated with buying single-family homes | 10.9% | three months ended June 30, 2026 | — |
| Resident Turnover | 39.6% | As of June 30, 2026 | — |
| Same Store Operating Growth - Average Effective Rent per Unit | -0.2% | three months ended June 30, 2026 vs. 2025 | — |
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| Same Store Operating Growth - Expenses | 1.1% | six months ended June 30, 2026 vs. 2025 | — |
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| Same Store Operating Growth - NOI | -1.2% | six months ended June 30, 2026 vs. 2025 | — |
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| Same Store Operating Growth - Revenues | -0.3% | six months ended June 30, 2026 vs. 2025 | — |
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| Shares of common stock repurchased | 0.4M | three months ended June 30, 2026 | — |
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| Total Active Development Expected Costs Remaining | $237.14M | Q2 2026 | — |
| Total Active Development Pipeline Units | 1,749 | Q2 2026 | — |
| Total apartment units with ownership interest | 104,698 | As of June 30, 2026 | — |
| Total consideration for share repurchases | $50M | three months ended June 30, 2026 | — |
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| Total debt average years to maturity | 6 | As of June 30, 2026 | — |
| Total debt outstanding | $5.7B | As of June 30, 2026 | — |
| Total debt to adjusted total assets | 31.2% | As of June 30, 2026 | — |
| Total Development Costs to Date (Active Pipeline) | $360.36M | Q2 2026 | — |
| Total Lease-Up Communities Physical Occupancy | 74.4% | Q2 2026 | — |
| Total Lease-Up Communities Units | 1,759 | Q2 2026 | — |
| Total NOI non-GAAP | 684.56M | Six months ended June 30, 2026 | — |
| Total Same Store Units | 96,561 | Q2 2026 | — |
| Total units in development pipeline | 1,749 | As of June 30, 2026 | — |
| Total Units, Including Development | 102,873 | As of June 30, 2026 | — |
| Unencumbered Gross Assets | $17.45B | As of June 30, 2026 | — |
| Unsecured Debt Balance | $5.33B | As of June 30, 2026 | — |
| Weighted average share price for repurchased shares | $130.66 | three months ended June 30, 2026 | — |
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| Same Store Average Effective Rent per Unit | $1,685 | Three months ended March 31, 2026 | — |
| Same Store Average Physical Occupancy | 95.5% | Three months ended March 31, 2026 | — |
| Same Store effective blended lease rate growth | -0.3% | Three months ended March 31, 2026 | — |
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| Same Store Effective Renewal Lease Rate Growth | 5.4% | Three months ended March 31, 2026 | — |
| Same Store resident turnover | 39.9% | As of March 31, 2026 | — |
| Average Google Star rating | 4.7 | Year ended December 31, 2025 | — |
| Development projects under construction | 8 | As of December 31, 2025 | — |
| ENERGY STAR appliance installations | 15,700 | As of December 31, 2025 | — |
| EV charging ports | 545 | As of December 31, 2025 | — |
| Net Debt/Adjusted EBITDAre non-GAAP | 4.3 | As of December 31, 2025 | — |
| Properties with smart irrigation systems | 55 | As of December 31, 2025 | — |
| Reduction in energy use intensity (EUI) from 2018 baseline | 29% | As of December 31, 2024 | — |
| Reduction in greenhouse gas emission intensity (GEI) from 2018 baseline | 44% | As of December 31, 2024 | — |
| Unsecured revolving credit facility borrowing capacity | $1.5B | As of December 31, 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Residential — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
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MAA
this stock
Mid America Apartment Communities Inc.
|
$15.26B | -5.4% | +0.8% | 39.7 | 3.9% |
|
AVB
Avalonbay Communities Inc
|
$26.28B | +1.5% | +4.4% | 25.2 | 2.6% |
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VMRK
Vivmark Residential
|
$24.01B | +2.1% | +4.8% | 27.7 | 2.8% |
|
ESS
Essex Property Trust, Inc.
|
$18.39B | +9.8% | +6.4% | 44.6 | 3.5% |
|
INVH
Invitation Homes Inc.
|
$17.84B | +8.7% | +4.2% | 27.7 | 2.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| MAA | -0.7% | -0.1% | -3.2% | -0.7% | -5.4% |
| SPY | -0.4% | +2.9% | +11.6% | +3.0% | +12.8% |
| vs SPY | -0.2% | -3.0% | -14.8% | -3.6% | -18.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.