Summary
MAA Chart
Mid-America Apartment: Valuation Improves Enough For An Upgrade
We had previously rated MAA a Sell due to fundamental deterioration and high upcoming apartment deliveries in the Sunbelt region. Q1-2025 results showed core FFO beat estimates, but overall metrics declined year-over-year. Our key concern remains expenses rising faster than revenues.
Should You Retain Mid-America Stock in Your Portfolio Now?
MAA's Sunbelt focus, smart upgrades and strong balance sheet drive growth, but rent gains face supply and rate headwinds.
Preferred Stocks To Sell (Part 4): Mid-America Apartment Communities' MAA.PR.I
Mid-America Apartment Communities, Inc.'s 8.50% Series I Cumulative Redeemable Preferred Shares are overvalued, with a current yield of 7.69% and yield to call of 1.49%. MAA-I is likely to be redeemed early due to its high embedded call option value, making it a strong sell candidate. MAA's solid financials and strong credit ratings suggest the company can refinance MAA-I at a lower cost, reducing the attractiveness of holding the preferred shares.
Mid-America Apartment Communities, Inc. Dividends
 MAA In 2 days Announced | Quarterly | $1.51 Per Share |
| MAA 2 months ago Paid | Quarterly | $1.51 Per Share |
| MAA 5 months ago Paid | Quarterly | $1.51 Per Share |
| MAA 8 months ago Paid | Quarterly | $1.47 Per Share |
| MAA 11 months ago Paid | Quarterly | $1.47 Per Share |
Mid-America Apartment Communities, Inc. Earnings
| 30 Jul 2025 (In 2 weeks) Date | | 0.85 Cons. EPS | - EPS |
| 29 Jul 2025 (In 2 weeks) Date | | - Cons. EPS | - EPS |
| 29 Apr 2025 Date | | - Cons. EPS | - EPS |
| 5 Feb 2025 Date | | 1.05 Cons. EPS | 1.43 EPS |
| 30 Oct 2024 Date | | 1.01 Cons. EPS | 0.98 EPS |
| MAA In 2 days Announced | Quarterly | $1.51 Per Share |
| MAA 2 months ago Paid | Quarterly | $1.51 Per Share |
| MAA 5 months ago Paid | Quarterly | $1.51 Per Share |
| MAA 8 months ago Paid | Quarterly | $1.47 Per Share |
| MAA 11 months ago Paid | Quarterly | $1.47 Per Share |
| 30 Jul 2025 (In 2 weeks) Date | | 0.85 Cons. EPS | - EPS |
| 29 Jul 2025 (In 2 weeks) Date | | - Cons. EPS | - EPS |
| 29 Apr 2025 Date | | - Cons. EPS | - EPS |
| 5 Feb 2025 Date | | 1.05 Cons. EPS | 1.43 EPS |
| 30 Oct 2024 Date | | 1.01 Cons. EPS | 0.98 EPS |
Mid-America Apartment Communities, Inc. (MAA) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
When is the next earnings date?
Has Mid-America Apartment Communities, Inc. ever had a stock split?
Mid-America Apartment Communities, Inc. Profile
| REIT - Residential Industry | Real Estate Sector | Adrian Bradley Hill CEO | NYSE Exchange | 59522J103 Cusip |
| US Country | 2,532 Employees | 15 Jul 2025 Last Dividend | - Last Split | 28 Jan 1994 IPO Date |
Overview
MAA, an esteemed S&P 500 entity, exemplifies a premier investment vehicle in the real estate domain by operating as a real estate investment trust (REIT). Distinctive for its dedicated focus towards delivering unparalleled investment performance throughout full market cycles, MAA accomplishes this by skillfully owning, managing, acquiring, developing, and redeveloping high-quality apartment communities. The company's geographical footprint predominantly spans the Southeast, Southwest, and Mid-Atlantic regions of the United States, reflecting a strategic presence in areas anticipated to exhibit substantial growth and investment return. As of the end of December 2023, MAA's extensive portfolio includes an ownership interest in 102,662 apartment units. These units spread across diverse communities, some of which are currently under development, covering 16 states alongside the District of Columbia. This wide-reaching operation underscores MAA’s robust commitment to expanding its real estate portfolio while ensuring the generation of significant value for its shareholders.
Products and Services
- Ownership
- Management
- Acquisition
- Development and Redevelopment
MAA holds a significant ownership interest in a broad array of apartment communities. This foundational aspect of their business model facilitates the creation of value through the strategic selection of properties in high-growth areas. By maintaining and enhancing these properties, MAA aims to ensure long-term revenue generation and asset appreciation.
Comprehensive management services are a cornerstone of MAA's offering, encompassing all aspects of property operations. This includes tenant relations, property maintenance, and financial management. By applying expert oversight and employing industry best practices, MAA strives to maximize the performance and value of each community under its stewardship.
MAA aggressively pursues the acquisition of quality apartment communities that align with its strategic objectives. This involves a meticulous screening process to identify properties that offer potential for high yields and growth. Acquisition strategies are designed to expand MAA's geographic footprint and enhance its portfolio diversity.
The company engages in the development of new apartment communities and the redevelopment of existing ones, aiming to respond to market demand and trends. Development projects focus on constructing high-quality, amenity-rich apartment homes in desirable locations, while redevelopment efforts seek to refresh and upgrade older communities to boost their market competitiveness and appeal.
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