Mid-America Apartment Communities, Inc. MAA
Mid-America Apartment Communities, known as MAA, is a prominent S&P 500 entity operating as a Real Estate Investment Trust (REIT). Its core objective is to generate outstanding, comprehensive investment returns for its shareholders. MAA achieves this by strategically acquiring, developing, redeveloping, owning, and managing high-quality apartment complexes. These properties are primarily located across the Southeast, Southwest, and Mid-Atlantic regions of the United States. As of December 31, 2020, the company held an interest in 102,772 apartment units, a figure that includes communities currently under development, spread throughout 16 states and the District of Columbia.
This overview is background from company filings and may not reflect the latest quarter — the figures above are the current data, and the SEC filings are the primary source.
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / Core AFFO / leverage are from the Q1 2026 earnings release (filed 2026-06-01) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model MAA yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $2.21B | $446.91M | $622.63M | $1.32B | $1.08B |
| 2024 | $2.19B | $527.54M | $586.40M | $1.30B | $1.10B |
| 2023 | $2.15B | $552.81M | $565.86M | $1.29B | $1.14B |
| 2022 | $2.02B | $637.44M | $544.00M | $1.35B | $1.06B |
| 2021 | $1.78B | $533.79M | $534.41M | $1.25B | $894.97M |
| 2020 | $1.68B | $254.62M | $511.68M | $945.08M | $823.95M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-07-15 | 2026-07-15 | 2026-07-31 | 2026-05-19 | $1.53 | Quarterly |
| 2026-04-15 | 2026-04-15 | 2026-04-30 | 2026-03-17 | $1.53 | Quarterly |
| 2026-01-15 | 2026-01-15 | 2026-01-30 | 2025-12-17 | $1.53 | Quarterly |
| 2025-10-15 | 2025-10-15 | 2025-10-31 | 2025-09-23 | $1.51 | Quarterly |
| 2025-07-15 | 2025-07-15 | 2025-07-31 | 2025-05-20 | $1.51 | Quarterly |
| 2025-04-15 | 2025-04-15 | 2025-04-30 | 2025-03-18 | $1.51 | Quarterly |
| 2025-01-15 | 2025-01-15 | 2025-01-31 | 2024-12-10 | $1.51 | Quarterly |
| 2024-10-15 | 2024-10-15 | 2024-10-31 | 2024-09-24 | $1.47 | Quarterly |
| 2024-07-15 | 2024-07-15 | 2024-07-31 | 2024-05-21 | $1.47 | Quarterly |
| 2024-04-12 | 2024-04-15 | 2024-04-30 | 2024-03-19 | $1.47 | Quarterly |
| 2024-01-11 | 2024-01-12 | 2024-01-31 | 2023-12-12 | $1.47 | Quarterly |
| 2023-10-12 | 2023-10-13 | 2023-10-31 | 2023-09-12 | $1.40 | Quarterly |
| 2023-07-13 | 2023-07-14 | 2023-07-31 | 2023-05-16 | $1.40 | Quarterly |
| 2023-04-13 | 2023-04-14 | 2023-04-28 | 2023-03-21 | $1.40 | Quarterly |
| 2023-01-12 | 2023-01-13 | 2023-01-31 | 2022-12-13 | $1.40 | Quarterly |
| 2022-10-13 | 2022-10-14 | 2022-10-31 | 2022-09-27 | $1.25 | Quarterly |
| 2022-07-14 | 2022-07-15 | 2022-07-25 | 2022-05-17 | $1.25 | Quarterly |
| 2022-04-13 | 2022-04-14 | 2022-04-29 | 2022-03-22 | $1.09 | Quarterly |
| 2022-01-13 | 2022-01-14 | 2022-01-31 | 2021-12-07 | $1.09 | Quarterly |
| 2021-10-14 | 2021-10-15 | 2021-10-29 | 2021-09-28 | $1.02 | Quarterly |
| 2021-07-14 | 2021-07-15 | 2021-07-30 | 2021-05-18 | $1.02 | Quarterly |
| 2021-04-14 | 2021-04-15 | 2021-04-30 | 2021-03-23 | $1.02 | Quarterly |
| 2021-01-14 | 2021-01-15 | 2021-01-29 | 2020-12-08 | $1.02 | Quarterly |
| 2020-10-14 | 2020-10-15 | 2020-10-30 | 2020-09-24 | $1.00 | Quarterly |
Coverage (payout of operating cash flow): 66.48%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — MAA
Scholar Rock Provides Update on Timing of Committee for Medicinal Products for Human Use (CHMP) Opinion for Apitegromab Marketing Authorisation Application (MAA) for Spinal Muscular Atrophy (SMA)
Merrill Managed Account Advisors Surpasses $1 Trillion, Celebrates 20 Years of Innovation
MAA Announces Date of Second Quarter 2026 Earnings Release, Conference Call
Mid-America Apartment: Supply Conditions Abate, But No Margin Of Safety
Forget Fixed Income: This Ultra-Safe Dividend Stock Could Be Retirees' Best Friend
Mid-America Apartment Nears An Inflection Point
MAA Stock Rises 8.5% in Three Months: Will the Trend Continue?
Mid-America Apartment Communities, Inc. (MAA) Presents at Nareit REITweek: 2026 Investor Conference Transcript
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
Other Residential REITs
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.