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- Mid-America Apartment
Mid-America Apartment Valuation Multiples
Discover revenue and EBITDA valuation multiples for Mid-America Apartment and similar public comparables like Modon Holding, Gaming and Leisure Properties, Regency Centers, Kimco Realty and more.
Mid-America Apartment Overview
About Mid-America Apartment
Mid-America Apartment Communities Inc is a multifamily-focused, self-administered and self-managed real estate investment trust. The company owns, operates, acquires and selectively develops apartment communities located in the Southeast, Southwest and Mid-Atlantic regions of the U.S. Its business objectives are to generate a sustainable, stable and increasing cash flow that will fund its dividends and distributions through all parts of the real estate investment cycle. It operates in two segments, Same Store and Non-Same Store and Other. The majority of the revenue is derived from Same Store segment.
Founded
1993
HQ

Employees
2.5K
Website
Sectors
Financials (LTM)
EV
$20B
Mid-America Apartment Financials
Mid-America Apartment reported last 12-month revenue of $2B and EBITDA of $1B.
In the same LTM period, Mid-America Apartment generated $1B in gross profit, $1B in EBITDA, and $427M in net income.
Revenue (LTM)
Mid-America Apartment P&L
In the most recent fiscal year, Mid-America Apartment reported revenue of $2B and EBITDA of $1B.
Mid-America Apartment expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $674M | XXX | XXX | XXX |
| Gross Margin | 62% | XXX | 31% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 56% | XXX | 57% | XXX | XXX | XXX |
| EBIT Margin | 28% | XXX | 29% | XXX | XXX | XXX |
| Net Profit | $427M | XXX | $447M | XXX | XXX | XXX |
| Net Margin | 19% | XXX | 20% | XXX | XXX | XXX |
| Net Debt | — | — | $5B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Mid-America Apartment Stock Performance
Mid-America Apartment has current market cap of $15B, and enterprise value of $20B.
Market Cap Evolution
Mid-America Apartment's stock price is $125.47.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $20B | $15B | 0.0% | XXX | XXX | XXX | $3.84 |
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Start Free TrialMid-America Apartment Valuation Multiples
Mid-America Apartment trades at 9.0x EV/Revenue multiple, and 16.1x EV/EBITDA.
EV / Revenue (LTM)
Mid-America Apartment Financial Valuation Multiples
As of April 8, 2026, Mid-America Apartment has market cap of $15B and EV of $20B.
Equity research analysts estimate Mid-America Apartment's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Mid-America Apartment has a P/E ratio of 34.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $15B | XXX | $15B | XXX | XXX | XXX |
| EV (current) | $20B | XXX | $20B | XXX | XXX | XXX |
| EV/Revenue | 9.0x | XXX | 9.0x | XXX | XXX | XXX |
| EV/EBITDA | 16.1x | XXX | 15.8x | XXX | XXX | XXX |
| EV/EBIT | 32.0x | XXX | 31.7x | XXX | XXX | XXX |
| EV/Gross Profit | 14.6x | XXX | 29.6x | XXX | XXX | XXX |
| P/E | 34.2x | XXX | 32.7x | XXX | XXX | XXX |
| EV/FCF | 22.0x | XXX | 21.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Mid-America Apartment Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Mid-America Apartment Margins & Growth Rates
Mid-America Apartment's revenue in the last 12 month grew by 2%.
Mid-America Apartment's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.0M for the same period.
Mid-America Apartment's rule of 40 is 57% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Mid-America Apartment's rule of X is 60% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Mid-America Apartment Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 56% | XXX | 57% | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | (1%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 57% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 60% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 3% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 2% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Mid-America Apartment Public Comps
See public comps and valuation multiples for other Buildings & Property comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Modon Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Gaming and Leisure Properties | XXX | XXX | XXX | XXX | XXX | XXX |
| Regency Centers | XXX | XXX | XXX | XXX | XXX | XXX |
| Kimco Realty | XXX | XXX | XXX | XXX | XXX | XXX |
| Invitation Homes | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Mid-America Apartment M&A Activity
Mid-America Apartment acquired XXX companies to date.
Last acquisition by Mid-America Apartment was on XXXXXXXX, XXXXX. Mid-America Apartment acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Mid-America Apartment
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMid-America Apartment Investment Activity
Mid-America Apartment invested in XXX companies to date.
Mid-America Apartment made its latest investment on XXXXXXXX, XXXXX. Mid-America Apartment invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Mid-America Apartment
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Mid-America Apartment
| When was Mid-America Apartment founded? | Mid-America Apartment was founded in 1993. |
| Where is Mid-America Apartment headquartered? | Mid-America Apartment is headquartered in United States. |
| How many employees does Mid-America Apartment have? | As of today, Mid-America Apartment has over 2K employees. |
| Who is the CEO of Mid-America Apartment? | Mid-America Apartment's CEO is A. Bradley Hill. |
| Is Mid-America Apartment publicly listed? | Yes, Mid-America Apartment is a public company listed on NYSE. |
| What is the stock symbol of Mid-America Apartment? | Mid-America Apartment trades under MAA ticker. |
| When did Mid-America Apartment go public? | Mid-America Apartment went public in 1994. |
| Who are competitors of Mid-America Apartment? | Mid-America Apartment main competitors are Modon Holding, Gaming and Leisure Properties, Regency Centers, Kimco Realty. |
| What is the current market cap of Mid-America Apartment? | Mid-America Apartment's current market cap is $15B. |
| What is the current revenue of Mid-America Apartment? | Mid-America Apartment's last 12 months revenue is $2B. |
| What is the current revenue growth of Mid-America Apartment? | Mid-America Apartment revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Mid-America Apartment? | Current revenue multiple of Mid-America Apartment is 9.0x. |
| Is Mid-America Apartment profitable? | Yes, Mid-America Apartment is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Mid-America Apartment? | Mid-America Apartment's last 12 months EBITDA is $1B. |
| What is Mid-America Apartment's EBITDA margin? | Mid-America Apartment's last 12 months EBITDA margin is 56%. |
| What is the current EV/EBITDA multiple of Mid-America Apartment? | Current EBITDA multiple of Mid-America Apartment is 16.1x. |
| What is the current FCF of Mid-America Apartment? | Mid-America Apartment's last 12 months FCF is $908M. |
| What is Mid-America Apartment's FCF margin? | Mid-America Apartment's last 12 months FCF margin is 41%. |
| What is the current EV/FCF multiple of Mid-America Apartment? | Current FCF multiple of Mid-America Apartment is 22.0x. |
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