MAA

NYSE

MID AMERICA APARTMENT COMMUNITIES INC.

Real Estate, Multi-Family Residential REITs

$134.96

close 7 Aug 2026

-2.54%

52-week change

$15.70B

market cap

$120.30

$146.41

52-week range

Expected price

$91.39 – $111.70

Current price

$134.96

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)40.90x

P/S (TTM)7.09x

P/B2.83x

EV/EBITDA (TTM)13.08x

FCF yield (TTM)4.36%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average33.99x

P/E, sector median34.68x*

Price at 5-year median P/E$103.91*

Indicated dividend yield4.53%

Forward — analyst consensus

Forward P/E (FY2026)36.57x*

Forward P/E (FY2027)43.03x

Forward PEG—*

Consensus EPS FY2026 (1 analysts)$3.69

EPS growth (FY2026→FY2027)-15.01%

Revenue growth (FY2026)0.91%

Street view

Price target (mean)$143.40*

Target upside6.25%

Ratings (buy / hold / sell)9 / 14 / 3

FY2026 EPS revisions, 30d (up / down)0 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 31 Mar 2026, filed 30 Apr 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +3.71%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$134.96

Cash & equivalents$71.53M

Total debt$360.42M

Shares outstanding116.35M

Result

DCF price per share$118.14

Current price$134.96

Margin of safety-12.46%

PV of years 1–10$5.52B

PV of terminal value$8.51B

Equity value$13.75B

Market-implied growth+5.38%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$710.65M	$737.02M	$764.36M	$792.72M	$822.13M	$852.63M	$884.26M	$917.07M	$951.09M	$986.38M	$18.38B
PV	$658.01M	$631.87M	$606.77M	$582.67M	$559.53M	$537.30M	$515.96M	$495.46M	$475.78M	$456.88M	$8.51B

period to 31 Mar 2026, filed 30 Apr 2026, close 7 Aug 2026