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Mid-America Apartment Communities
MAA · NYSEReal Estate (Residential REIT)
The economic chain
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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Capitalwho funds itREITs & ownerswho owns the propertyPropertyportfoliosthe buildings & sitesBrokerage &managementwho leases & runs itTenantswho rents the spaceEnd demandwhat drives itCAPInvestors & index fundsDBTMortgages & bondholdersMAAMid-America Apartment CommunitiesAPTApartment communitiesDEVDevelopment pipelineOPSLeasing & property mgmtBLDBuilders & contractorsRENTSun Belt householdsHHConsumers & householdsGOVGovernments & regulators
Company details
Market cap
~$15B
Dividend yield
~4.7%
Annual dividend
$6.12/sh
Core FFO/sh (2026e)
~$8.2
Revenue
~$2.1B
Apartment homes
~104,000
Consecutive dividends
128 qtrs
Dev. pipeline
~$1B
In plain English
MAA is one of the largest apartment landlords in the US Sun Belt — it owns and runs ~104,000 rental homes across fast-growing southern metros like Dallas, Atlanta, Houston, Tampa and Charlotte. It collects rent from tens of thousands of households, funds buildings with index-fund capital and mortgage debt, and — as a REIT — passes most of that rent back to shareholders as a steadily growing dividend (128 consecutive quarterly payouts).
In simple terms
What Mid-America Apartment Communities really sells
MAA is one of the largest apartment landlords in the US Sun Belt — it owns and runs ~104,000 rental homes across fast-growing southern metros like Dallas, Atlanta, Houston, Tampa and Charlotte. It collects rent from tens of thousands of households, funds buildings with index-fund capital and mortgage debt, and — as a REIT — passes most of that rent back to shareholders as a steadily growing dividend (128 consecutive quarterly payouts).
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Risk read
Moderate
SteadierMore speculative
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