Mid-America Apartment Communities (MAA)
Owns, operates and develops apartments across the Southeast, Southwest and Mid-Atlantic.
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Owns and manages apartment communities across the Southeast, Southwest and Mid-Atlantic, earning primarily rental and related property revenue. A self-managed REIT platform combines established communities with acquisitions, development, lease-up and redevelopment across a broad mix of local markets and price points.
Owns, operates, acquires, develops and redevelops apartment communities through a self-managed REIT platform. The portfolio spans the Southeast, Southwest and Mid-Atlantic, covering more than 100,000 apartment homes across garden-style, mid-rise and high-rise properties. Rental income and related property charges supply almost all revenue, with a small retail presence embedded in some communities.
Combines local property operations with centralized asset management, technology, renovations and capital recycling across established Same Store properties and newer acquisition, development and lease-up assets. A diversified mix of markets, submarkets, formats and price points spreads exposure across local rental markets and resident segments. Cash flow remains tied to apartment occupancy, lease pricing, property taxes, insurance and borrowing costs, while operations are governed by landlord-tenant and housing rules and REIT distribution requirements.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | Evercore ISI | Target | Target: $129 | Target: $123 |
| Sep 17, 2026 | Scotiabank | Reiterate | Rating: —Target: $134 | Target: $125 |
| Sep 17, 2026 | Truist Financial | Target | Target: $142 | Target: $132 |
| Sep 15, 2026 | UBS | Target | Target: $132 | Target: $129 |
| Sep 14, 2026 | Evercore ISI | Target | Target: $130 | Target: $129 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $51.8M · Total debt $5.69B · Total assets $11.99B · Shareholders' equity $5.43B
- Revenue
- $555.1M
- Operating income
- $140.8M
- Net income
- $121.8M
HistoryDividendAnnual yield
| Institutions | 98.47% | 114.25M shares | |
|---|---|---|---|
| 787 holders · as of Jun 30, 2026 | |||
| Insiders | 0.52% | 603.3K shares | |
| 13 holders · as of May 21, 2026 | |||
| Strategic holders | 8.56% | 9.93M shares | |
| 1 holder · as of Feb 14, 2023 | |||
| Adds to | 107.55% | ||
116.02M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 107.55%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 11.29% | 13.10M | as of Jun 30, 2026 |
Cohen & Steers, Inc.Strategic | 8.56% | 9.93M | filed Feb 14, 2023 |
Vanguard Portfolio Management LLCInstitution | 8.56% | 9.93M | as of Jun 30, 2026 |
State Street CorpInstitution | 6.84% | 7.93M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.56% | 7.61M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 21, 2026 | Tamara D. Fischer | director | +1,100 | $128.55 |
| May 8, 2026 | James Barton French | officer: EVP Investments | −350 | $130.98 |
| Apr 6, 2026 | Aubrey Clay Holder | officer: EVP, CFO | −145 | $124.73 |
| Apr 6, 2026 | Amber Fairbanks | officer: EVP, Property Management | −711 | $124.73 |
| Apr 6, 2026 | Melanie Carpenter | officer: EVP & CHRO | −731 | $124.78 |
- Camden Property Trust
Closest Sun Belt apartment REIT overlap
- UDR
Diversified apartment REIT with Sun Belt overlap
- Equity Residential
Large rental-apartment owner competing for renters and capital
- Independence Realty Trust
Non-gateway apartment REIT with Southeast and Texas overlap
- NexPoint Residential Trust
Value-add Sun Belt apartment REIT in overlapping markets
- Essex Property Trust
Scale West Coast apartment REIT peer competing for capital
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Mid-America Apartment Communities | $119.15 | −0.01% | $13.83B | 34.8 | 38.0 | 6.2 | +1.0% |
| Camden Property Trust | $99.31 | +0.02% | $9.93B | 32.8 | 104.8 | 6.3 | −0.9% |
| UDR | $34.10 | +0.03% | $10.89B | 21.6 | 58.0 | 6.3 | −0.0% |
| Equity Residential | $62.35 | +0.02% | $23.01B | 26.9 | 40.3 | 7.3 | +2.1% |
| Independence Realty Trust | $14.76 | −0.03% | $3.46B | 79.9 | 68.8 | 5.2 | +3.2% |
| NexPoint Residential Trust | $21.72 | −0.09% | $543.1M | — | — | 2.1 | +2.4% |
| Essex Property Trust | $274.76 | 0.00% | $17.44B | 42.2 | 45.5 | 9.1 | +4.1% |
| Median | 32.8 | 58.0 | 6.3 | +2.2% |