MAAMid-America Apartment Communities

$131.54

Is it safe?

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.

$5.22B

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
−6.6%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.