Mid America Apartment Communities Inc. (MAA) intrinsic value & 10-year financials
Mid America Apartment Communities Inc. (MAA) has a Graham intrinsic value of $50.87 per share. At $116.63 on Oct 17, 2026, the stock trades 129% above that value. Over the last 10 fiscal years revenue grew 4.7% a year to $2.2B, with an average return on invested capital of 7.1%.
- Graham intrinsic value
- $50.87
- Share price (Oct 17, 2026)
- $116.63
- Price vs Graham value
- 129% above
- Market cap
- $13.7B
- Revenue (FY2025)
- $2.2B
- Revenue growth (10-yr CAGR)
- 4.7%
- ROIC (10-yr avg)
- 7.1%
- Free cash flow (FY2025)
- —
MAA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.2B | $446.9M | $3.78 | — | — | — |
| FY2024 | $2.2B | $527.5M | $4.49 | — | — | — |
| FY2023 | $2.1B | $552.8M | $4.71 | — | — | — |
| FY2022 | $2.0B | $637.4M | $5.48 | — | — | — |
| FY2021 | $1.8B | $533.8M | $4.61 | — | — | — |
| FY2020 | $1.7B | $255.0M | $2.19 | — | — | — |
| FY2019 | $1.6B | $353.8M | $3.07 | — | — | — |
| FY2018 | $1.6B | $222.9M | $1.93 | — | — | — |
| FY2017 | $1.5B | $328.4M | $2.86 | — | — | — |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Mid-America Apartment Communities revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Mid-America Apartment Communities 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.
Mid-America Apartment Communities capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Mid-America Apartment Communities is modeled at 3.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $50.87 per share.