Mid-America Apartment Communities Inc logo

Mid-America Apartment Communities Inc MAA

Market Closed
18 Jun, 20:00
NYSE NYSE
$
141. 25
+1.89
+1.36%
Pre Market
$
141. 45
+0.2 +0.14%
12.22B Market Cap
26.9 P/E Ratio
4.25% Div Yield
411,900 Volume
4.41 Eps
$ 139.36
Previous Close
Day Range
139.78 141.49
Year Range
115.56 158.46

MAA Chart

Mid-America Apartment Communities Inc Profile

REIT - Residential Industry
Real Estate Sector
Mr. H. Eric Bolton Jr. CEO
NYSE Exchange
US59522J1034 ISIN
United States Country
2,427 Employees
30 Apr 2024 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
  • 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.

  • Management
  • 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.

  • Acquisition
  • 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.

  • Development and Redevelopment
  • 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.

Contact Information

Address: 6815 Poplar Avenue
Phone: 901 682 6600