Added to YB: 2026-09-15
Pitch date: 2026-09-11
MAA [bullish]
Mid-America Apartment Communities, Inc.
+0.92%
current return
Author Info
No bio for this author
Company Info
Mid-America Apartment Communities, Inc. an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.
Market Cap
$14.5B
Pitch Price
$124.46
Price Target
N/A
Dividend
4.90%
EV/EBITDA
16.02
P/E
36.48
EV/Sales
9.14
Sector
Residential REITs
Category
special_situation
19.2# MAA: Relevant fact, or not?
MAA (update): Mid-America Apartment Communities’ redemption of all 867,846 Series I 8.50% preferred shares for ~$43.4M is a sensible but quantitatively marginal balance-sheet cleanup. Funding through the ATM at an assumed $130 requires ~334,000 common shares, or 0.3% dilution, while an estimate based on management’s guidance puts the Core FFO increase below 0.1%. The deal removes an implicit derivative and expensive capital, but barely changes intrinsic value; shares offer a 5.75% AFFO yield versus 4.8% for 10-year Treasuries.
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