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.
Snapshot
Reported FFO / Core AFFO / leverage are from the Q1 2026 earnings release (filed 2026-06-01) — 8-K, EX-99.1.
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.
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
| 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).
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.