Mid-America Apartment Communities (FRA:M2K) Scaled Net Operating Assets: 0.96 (As of Mar. 2026)


FRA:M2K Mid-America Apartment Communities Inc FRA:M2K
73 GF Score
Price €122.15
GF Value €123.56
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Mid-America Apartment Communities Scaled Net Operating Assets?

Mid-America Apartment Communities FRA:M2K -0.57% 73 Scaled Net Operating Assets is 0.96 as of Mar. 2026. GuruFocus rates FRA:M2K with a GF Score™ of 73/100 and a GF Value™ of €123.56 (Fairly Valued). The stock has 6 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Mid-America Apartment Communities's operating assets for the quarter that ended in Mar. 2026 was €10,313 Mil. Mid-America Apartment Communities's operating liabilities for the quarter that ended in Mar. 2026 was €545 Mil. Mid-America Apartment Communities's Total Assets for the quarter that ended in Dec. 2025 was €10,227 Mil. Therefore, Mid-America Apartment Communities's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.96.


Mid-America Apartment Communities Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Mid-America Apartment Communities's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mid-America Apartment Communities Scaled Net Operating Assets Chart

Mid-America Apartment Communities Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.02 1.00 0.94 1.01 0.85

Mid-America Apartment Communities Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.91 0.88 0.93 0.94 0.96

FRA:M2K vs SUI, INVH, ESS: Scaled Net Operating Assets Comparison

For the REIT - Residential subindustry, Mid-America Apartment Communities's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mid-America Apartment Communities Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Mid-America Apartment Communities's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Mid-America Apartment Communities's Scaled Net Operating Assets falls into.


FRA:M2K
73GF Score
Mid-America Apartment Communities Inc FRA:M2K
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mid-America Apartment Communities Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Mid-America Apartment Communities's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(10175.517-602.998)/11280.812
=0.85

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10226.977 - 51.46
=10175.517

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5239.92 - 4059.618 - 577.304
=602.998

Mid-America Apartment Communities's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(10313.371-544.506)/10226.977
=0.96

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10375.244 - 61.873
=10313.371

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5437.395 - 4263.775 - 629.114
=544.506

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.96 mean?
Mid-America Apartment Communities (FRA:M2K) has a Scaled Net Operating Assets of 0.96 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Mid-America Apartment Communities and its competitors.
Is Mid-America Apartment Communities' Scaled Net Operating Assets too high?
Mid-America Apartment Communities' current Scaled Net Operating Assets is 0.96. Overall, Mid-America Apartment Communities has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mid-America Apartment Communities' Scaled Net Operating Assets compare to SUI and INVH?
Mid-America Apartment Communities' Scaled Net Operating Assets of 0.96 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Mid-America Apartment Communities and its competitors. Mid-America Apartment Communities's current Scaled Net Operating Assets is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mid-America Apartment Communities stock overvalued right now?
Based on GuruFocus' analysis, Mid-America Apartment Communities (FRA:M2K) is currently considered Fairly Valued. The stock's GF Value™ is €123.56, compared to a current price of €122.15 — trading 1.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.96. Mid-America Apartment Communities' overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Mid-America Apartment Communities (FRA:M2K), the current Scaled Net Operating Assets is 0.96 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mid-America Apartment Communities (FRA:M2K) Overvalued in 2026?

Based on GuruFocus' analysis, Mid-America Apartment Communities stock appears to be undervalued. The current stock price of €122.15 is trading 1.1% below its estimated GF Value™ of €123.56. GuruFocus considers Mid-America Apartment Communities to be Fairly Valued.

Key valuation signals for FRA:M2K:

  • Scaled Net Operating Assets: 0.96
  • GF Value™: €123.56 vs. price of €122.15 (1.1% below fair value)
  • GF Score™: 73/100 with 6 warning signs

No single metric tells the full story. See the FRA:M2K stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mid-America Apartment Communities Business Description

Industry Real EstateREITs
Address 6815 Poplar Avenue, Suite 500, Germantown, TN, USA, 38138
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.
73GF Score

Get the complete analysis for FRA:M2K

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€122.15
Price
€123.56
GF Value