Added to YB: 2026-06-16
Pitch date: 2026-06-12
MAA [neutral]
Mid-America Apartment Communities, Inc.
-1.09%
current return
Author Info
Company Info
Mid-America Apartment Communities, Inc. is a self-administered real estate investment trust (REIT) and member of S&P 500.
Market Cap
$16.2B
Pitch Price
$138.84
Price Target
N/A
Dividend
4.41%
EV/EBITDA
17.28
P/E
42.14
EV/Sales
9.91
Sector
Residential REITs
Category
N/A
Mid-American Apartment: looking for the breaking point
MAA (overview): A-rated multifamily REIT analyzed via 'breaking point' stress framework. 2025 NOI ~$1.37B, 7.8% cap rate. Debt $5.66B (87% fixed, 3.8% avg cost, 7yr maturity), LTV 31.35%, 95.5% occupancy. Resilient at +50-100bps, but +150bps+ erodes NOI/lifts LTV to 37%; +300-400bps breaks thesis as refinancing, supply, cost inflation compound. Solid but static—little margin if rates stay high.
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