MAAMid-America Apartment Communities
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and steady price behavior.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Relatively steady, low volatility. Worst drawdown -45% · now 16% below its 52-week high.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can MAA take a bad year?
Mid-America Apartment Communities carries $5.22B of net debt at 2.61× EBITDA: a load its earnings can carry.
Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.61×
Net debt / EBITDA · 2.35× a year ago · the load is going up
- Interest cover
- 7.16×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 20%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ1 2026
- $5.30B
- Cash and short-term investments
- $74M
- Net debt
- $5.22B
- EBITDA, trailing twelve months
- $2.00B
- Operating profit, trailing twelve months
- $1.37B
- Debt / equity
- 0.96×
- Total debt / EBITDA
- 2.64×
- Annualised volatilitytwo years of daily moves
- 20%
- Worst drawdown on file
- −45%
- Below its 52-week high
- 16%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
REIT, Residential
The closest names by size in the same industry