Mid-America Apartment Communities, Inc. | REIT Profile

Symbol: MAA
CIK: 912595
Exchange: NYSE
Preferred Stock: MAA-I
Founded: 1977 (48 years)
HQ: Memphis, TN, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Residential

See MAA on Yahoo Finance
See MAA on SEC.gov

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About Mid-America Apartment Communities, Inc.

MAA (NYSE: MAA) is an S&P 500 company and real estate investment trust (REIT), focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities. With an investment portfolio that is uniquely balanced and diversified across the high growth Southeast, Southwest and Mid-Atlantic regions of the U.S., MAA has successfully navigated numerous business cycles, captured significant growth and built an efficient, technology-driven operating platform. Supported by a strong, investment-grade balance sheet, the company has paid 98 consecutive quarterly common dividends and delivered a long-term return to shareholders that has consistently ranked in the top-tier of performances within the overall REIT sector. As of June 30, 2018, MAA had ownership interest in 101,362 apartment homes, including those in communities under development, across 17 states and the District of Columbia.


Mid-America Apartment Communities, Inc. Company Logo

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 4 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Previous Close Volume Change $ Change %
$158.32 $160.01 $156.47 $157.11 $154.82 581,685 $3.50 2.26%

Last update: 2025-04-23 12:58:30 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 8.4

Dividend of Trading Day 2025-04-23


Dividend Yield: 3.83%*
Annualized Dividend: $6.06*
Dividend Yield (TTM): 3.8%
Annualized Dividend (TTM): $5.97
Ex-Dividend Date: 2025-04-15
Dividend Date: 2025-04-30
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest REIT Press Releases


See more Press Releases for Mid-America Apartment Communities, Inc.

Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for MAA.

Year Quarter Type Amount Dividend Paid Payout Ratio
2024 Q4 AFFO $--- $--- ---%
2024 Q4 FFO $--- $--- ---%
2024 Q3 AFFO $--- $--- ---%
2024 Q3 FFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day 2025-04-23


Market Capitalization: $18,845,940,000
EBITDA: $1,243,153,000
P/E Ratio: 35.18
PEG Ratio: 10.19
Book Value: 50.84
Dividend Per Share: $5.88
EPS: 4.50
Revenue Per Share TTM: $18.76
ProfitMargin: 24.10%
Operating Margin TTM: 29.50%
Return on Assets TTM: 3.52%
Return on Equity TTM: 8.70%
Revenue TTM: $2,191,015,000
Gross Profit TTM: $1,298,883,000
Diluted EPS TTM: $4.50
Quarterly Earnings Growth YOY: 3.50%
Quarterly Revenue Growth YOY: 1.40%
Trailing P/E: 35.18
Forward P/E: 42.37
Beta: 0.79
Price to Sales Ratio TTM: 8.60
Price to Book Ratio: 3.10
EV to Revenue: 10.71
EV to EBITDA: 18.06x
Shares Outstanding: 116,901,000
52 Week High: $171.72
52 Week Low: $121.76
50 Day Moving Average: $161.33
200 Day Moving Average: $155.89

Properties Owned by MAA


MAA Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate


REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $135.38 per share you would have been able to buy 7 shares of MAA on 2024-04-24 costing $947.66 @ $135.38 per share you would have been able to buy 3 shares of MAA on 2024-04-24 costing $406.14 @ $135.38 per share you would have been able to buy 1 shares of MAA on 2024-04-24 costing $135.38 @ $135.38 per share you would have been able to buy 0 shares of MAA on 2024-04-24 costing $0.00 @ $135.38 per share you would have been able to buy 0 shares of MAA on 2024-04-24 costing $0.00
Current worth On 2024-07-05 these 7 shares would be worth $971.60 @ $138.80 On 2024-07-05 these 3 shares would be worth $416.40 @ $138.80 On 2024-07-05 these 1 shares would be worth $138.80 @ $138.80 On 2024-07-05 these 0 shares would be worth $0.00 @ $138.80 On 2024-07-05 these 0 shares would be worth $0.00 @ $138.80
Dividends earned $52.08 in dividends would have been earned since 2024-04-24 with 7 shares. $22 in dividends would have been earned since 2024-04-24 with 3 shares. $7.44 in dividends would have been earned since 2024-04-24 with 1 shares. $0.00 in dividends would have been earned since 2024-04-24 with 0 shares. $0.00 in dividends would have been earned since 2024-04-24 with 3 shares.
Net (gain / loss)* 76.02 USD 32.58 USD 10.86 USD 0.00 USD 0.00 USD
ROI** 8.02% 8.02% 8.02% nan% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by MAA. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
MAA 2025-04-15 1.515 --- 2025-03-18 2025-04-15 2025-04-30
MAA 2025-01-15 1.515 3.06% 2024-12-10 2025-01-15 2025-01-31
MAA 2024-10-15 1.470 --- 2024-09-24 2024-10-15 2024-10-31
MAA 2024-07-15 1.470 --- 2024-05-21 2024-07-15 2024-07-31
MAA 2024-04-12 1.470 --- 2024-03-19 2024-04-15 2024-04-30
MAA 2024-01-11 1.470 5.00% 2023-12-12 2024-01-12 2024-01-31
MAA 2023-10-12 1.400 --- 2023-09-12 2023-10-13 2023-10-31
MAA 2023-07-13 1.400 --- 2023-05-16 2023-07-14 2023-07-31
MAA 2023-04-13 1.400 31.76% 2023-03-21 2023-04-14 2023-04-28
MAA 2023-03-14 1.063 -24.11% 2023-03-01 2023-03-15 2023-03-31
MAA 2023-01-12 1.400 12.00% 2022-12-13 2023-01-13 2023-01-31
MAA 2022-10-13 1.250 --- 2022-09-27 2022-10-14 2022-10-31
MAA 2022-07-14 1.250 14.94% 2022-05-17 2022-07-15 2022-07-25
MAA 2022-04-13 1.088 --- 2022-03-22 2022-04-14 2022-04-29
MAA 2022-01-13 1.088 6.10% 2021-12-07 2022-01-14 2022-01-31
MAA 2021-10-14 1.025 --- 2021-09-28 2021-10-15 2021-10-29
MAA 2021-07-14 1.025 --- 2021-05-18 2021-07-15 2021-07-30
MAA 2021-04-14 1.025 --- 2021-03-23 2021-04-15 2021-04-30
MAA 2021-01-14 1.025 2.50% 2020-12-08 2021-01-15 2021-01-29
MAA 2020-10-14 1.000 --- 2020-09-24 2020-10-15 2020-10-30

Financial Statements Overview


The next Earnings Report for MAA is 2024-07-31

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Assets 2024-12-31 2024-09-30 QoQ
Current Assets
Cash and Cash Equivalents at Carrying Value 43,018,000 50,232,000
Short-Term Investments 0 0
Cash and Short Term Investments 43,018,000 50,232,000
Current Net Receivables 0 0
Inventory 0 0
Other Current Assets 21,507,000 29,150,000
Total Current Assets 64,525,000 79,382,000 -18.7%
Non-Current Assets
Property Plant Equipment 0 0
Accumulated Depreciation Amortization PPE 0 0
Long-Term Investments 41,650,000 41,693,000
Investments 0 0
Intangible Assets Excluding Goodwill 0 0
Goodwill 0 0
Intangible Assets 0 0
Other Non-Current Assets 0 0
Total Non-Current Assets 11,747,844,000 11,676,870,000 0.6%
Total Assets 11,812,369,000 11,756,252,000 0.5%
Liabilities
Current Liabilities
Current Accounts Payable 0 0
Deferred Revenue 0 0
Current Debt 0 0
Short-Term Debt 250,000,000 490,000,000
Current Long-Term Debt 250,000,000 490,000,000
Short Long-Term Debt Total 5,007,048,000 4,875,968,000
Other Current Liabilities 277,330,000 726,172,000
Total Current Liabilities 856,739,000 1,216,172,000 -29.6%
Non-Current Liabilities
Long-Term Debt Noncurrent 0 0
Long-Term Debt 4,730,957,000 4,385,968,000
Capital Lease Obligations 26,091,000 0
Other Non-Current Liabilities 27,565,000 0
Total Non-Current Liabilities 4,807,966,000 4,385,968,000
Total Liabilities 5,664,705,000 5,602,140,000 1.1%
Shareholders' Equity
Common Stock 23,396,000 23,684,000
Common Stock Shares Outstanding 116,820,000 116,820,000
Treasury Stock 0 0
Retained Earnings -1,469,557,000 -1,458,816,000
Total Shareholder Equity 5,942,131,000 5,948,674,000 -0.1%

Amounts in USD ($)

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Income Statement 2024-03-31 2023-12-31 2023-09-30 2023-06-30
Total Revenue 543,622,000 542,247,000 542,042,000 535,146,000
Cost of Revenue 0 0 0 0
Gross Profit 543,622,000 542,247,000 542,042,000 535,146,000
Research and Development 0 0 0 0
Selling General and Admin 17,045,000 15,249,000 13,524,000 13,882,000
Operating Expense 377,862,000 365,386,000 375,747,000 363,278,000
Operating Income 165,760,000 176,861,000 166,295,000 171,868,000
Income Expense Net (Other) 0 0 0 0
EBIT 166,242,000 177,377,000 166,742,000 172,250,000
Interest Income 40,361,000 38,579,000 36,651,000 36,723,000
Pretax Income 149,405,000 166,016,000 113,523,000 152,518,000
Income Tax 1,795,000 1,148,000 -209,000 2,861,000
Minority Interest 3,861,000 4,392,000 3,000,000 3,969,000
Net Income 142,765,000 159,716,000 109,766,000 144,708,000
Net Income Basic 142,765,000 159,716,000 109,766,000 144,708,000

Amounts in USD ($)

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Cash Flow 2024-03-31 2023-12-31 2023-09-30 2023-06-30
Net Income 142,765,000 159,716,000 109,766,000 144,708,000
Depreciation 143,258,000 141,060,000 146,863,000 139,176,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 54,601,000 41,314,000 161,897,000 150,155,000
Cash Flow 200,257,000 264,931,000 318,173,000 335,773,000
Capital Expenditures -52,121,000 -291,158,000 -86,726,000 -98,721,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -93,012,000 -346,721,000 -135,720,000 -154,436,000
Dividends Paid 0 0 0 0
Net Borrowings 4,569,862,000 4,498,911,000 4,232,366,000 4,246,238,000
Cash Flow Financing -94,260,000 -38,456,000 -170,841,000 -173,629,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

Amounts in USD ($)

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 4.9
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 8.1
9 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 9.0
8 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.5
Rating AFFO & Efficiency Section Avg. Rating
8 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.7
7 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 6.9
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.2
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.9
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.5
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.3
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 4.8
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.8
Rating Asset & Revenue Section Avg. Rating
10 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.6
10 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 8.4
7 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.3
6 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.4
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.8
8 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 7.7
8 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.1
Rating Market Cap Section Avg. Rating
7 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.1
8.4 Overall REITRating™ Score (See trend) 6.4

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2025-04-24 - v5.9