Mid-America Apartment Communities (MAA): Evaluating Valuation After Securing a $1.5 Billion Credit Facility for Flexibility

Mid-America Apartment Communities (MAA) has established a Fifth Amended and Restated Credit Agreement that sets up a new unsecured revolving credit facility worth up to $1.5 billion. The facility has maturity through 2030, with possible expansion to $2.0 billion.

See our latest analysis for Mid-America Apartment Communities.

Momentum for Mid-America Apartment Communities has cooled this year, with a year-to-date share price return of -12.1%. The company’s total shareholder return over the past year stands at -8.9%. Long-term holders have still seen a 36.7% gain over five years. Recent moves to shore up financing may signal management’s focus on stability as the market reassesses growth prospects.

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With shares trading at a notable discount to analyst targets and price-to-value metrics, the question remains: is Mid-America Apartment Communities an undervalued opportunity, or is the market already anticipating its next chapter of growth?

Most Popular Narrative: 14.5% Undervalued

Mid-America Apartment Communities is priced at $133.99, while the most popular narrative estimates fair value at $156.72, highlighting a significant gap in expectations. Investors are paying close attention to the sources of revenue growth and margin moves underpinning this valuation thesis.

“Absorption in MAA's core Sun Belt markets has materially outpaced new supply for four consecutive quarters, leading to a significant reduction in available units and firming occupancy. This positions the company for improved pricing power and accelerating revenue growth as new supply continues to decline in the back half of 2025 and into 2026.”

Read the complete narrative.

Want to know what lies behind the valuation? The outlook is shaped by shifting supply, powerful demographic trends, and key profitability assumptions that could spark a major market re-rating. The most critical financial forecasts and strategic projections driving this undervalued call might surprise you. See what’s fueling the bullish narrative.

Result: Fair Value of $156.72 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, persistent high new supply in key markets and tepid demand could prolong sluggish revenue growth. This may challenge bullish expectations for Mid-America Apartment Communities.

Find out about the key risks to this Mid-America Apartment Communities narrative.

Build Your Own Mid-America Apartment Communities Narrative

Keep in mind, if this perspective doesn't align with your views or you want to dive deeper into the numbers, crafting your own take is quick and simple. Just Do it your way.

A great starting point for your Mid-America Apartment Communities research is our analysis highlighting 3 key rewards and 3 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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