Mid-America Apartment Communities, Inc.
MAA-PI
New York Stock Exchange55.00
USD
-0.26
- -
Mid-America Apartment Communities, Inc.
MAA-PI
(New York Stock Exchange)
Recent
price
55.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Mid-America Apartment Communities, Inc. (MAA) operates as a self-administered real estate investment trust (REIT) focused on the ownership, selective development, redevelopment, acquisition, and management of high-quality multifamily apartment communities primarily in the Southeast, Southwest, and Mid-Atlantic regions of the United States; the company owns or has ownership interests in approximately 104,600 apartment units across nearly 300 communities in 16 states and the District of Columbia, offering residents amenity-rich properties with smart home technology, EV charging stations, 24-hour on-call services, and sustainable features such as LED lighting retrofits and green certifications in over 15% of its portfolio. Founded in 1977 and headquartered in Germantown, Tennessee, MAA maintains regional offices in Atlanta, Charlotte, Dallas, Jacksonville, Nashville, and other key markets to support its operations, which emphasize full-cycle investment performance through Same Store portfolio management, Non-Same Store activities including recent acquisitions and developments, and interior redevelopment programs that enhance effective rents by an average of $106 per unit. In recent developments, MAA completed multiple projects including the developments of MAA Milepost 35 in Denver, Colorado, and Novel Val Vista in Phoenix, Arizona in fourth-quarter 2024 while starting a 219-unit phase II expansion at Milepost 35; the company acquired a 386-unit community in Dallas, Texas for $106 million and a 3-acre land parcel in Raleigh, North Carolina for $5 million in late 2024, alongside dispositions of properties in Charlotte, North Carolina and Richmond, Virginia, and issued $350 million in unsecured notes due 2035; as of December 31, 2024, MAA had seven communities under development with $851.5 million in total expected costs and eight lease-up communities totaling 2,763 units at 69.7% occupancy, reflecting ongoing portfolio optimization amid improving supply-demand dynamics into 2025.