Headquartered in Germantown, TN Fiscal year ends December NYSE: MAA maac.com
Mid-America Apartment Communities, Inc. (MAA; NYSE: MAA) is an S&P 500 real estate investment trust. It owns, manages, acquires, develops and redevelops apartment communities, mainly in the Southeast, Southwest and Mid-Atlantic regions of the United States.
As of September 30, 2026, MAA had ownership interest in 105,136 apartment units across 16 states, including communities in development. Its largest same-store markets include Atlanta, Dallas, Orlando, Tampa, Charlotte, Austin, Raleigh/Durham, Nashville, Charleston and Houston. It also operates in Phoenix, Fort Worth, Northern Virginia, Jacksonville, Richmond, Denver, Kansas City and other markets.
The portfolio is organized into four groups:
- **Same Store communities:** 96,562 units.
- **Stabilized non-same store communities.**
- **Lease-up and development communities:** 8 projects under construction with 2,236 units, plus 4 lease-up communities with 1,166 units.
- **Commercial property and land.**
MAA also runs value-add programs, including interior unit redevelopment, WiFi retrofits and property repositioning. It sources some development through a pre-purchase program with third-party developers.
Nearly all revenue comes from apartment rents and other property revenues. MAA operates through its operating partnership, Mid-America Apartments, L.P. (MAALP). MAALP issues the company's unsecured debt, which is rated A-/A3, and runs a $750 million commercial paper program and a $1.5 billion revolving credit facility. MAA pays a quarterly common dividend at a current annual rate of $6.12 per share. Updated
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Mid-America Apartment Communities, Inc. (MAA; NYSE: MAA) is an S&P 500 real estate investment trust. It owns, manages, acquires, develops and redevelops apartment communities, mainly in the Southeast, Southwest and Mid-Atlantic regions of the United States.
The Wall Street consensus 12-month price target for MAA is $136.04.
