Mid-America Apartment Communiti (MAA) Stock Price & How to Invest
Last updated July 2026
Short answer
MAA (Mid-America Apartment Communities) is a large Sun Belt apartment REIT, so investors typically treat it as an income-oriented, dividend-paying way to own diversified Southern and Southwestern multifamily real estate rather than a high-growth position.
MAA stock price
As of 2026-07-21, Mid-America Apartment Communiti (MAA) last closed at $132.24, down 13.7% over the past year. Over the past 52 weeks it has traded between $120.57 and $153.20.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Mid-America Apartment Communiti's investor relations page. Walnut is informational, not investment advice.
What does Mid-America Apartment Communiti (MAA) do?
Mid-America Apartment Communities (NYSE: MAA) is a self-managed real estate investment trust that owns, operates, and selectively develops apartment communities, with a portfolio of roughly 100,000 units across around 300 communities concentrated in high-growth Sun Belt and Mid-Atlantic markets in the Southeast, Southwest, and Mid-Atlantic. As a REIT it distributes most of its taxable income to shareholders, and it has paid dividends since 1994 and raised them for more than 15 straight years, giving it an income-stock profile within the residential real estate sector.
The investment picture centers on the Sun Belt supply cycle. A wave of new apartment construction pressured rents and occupancy across MAA's markets, but management points to absorption outpacing new supply and a slowing development pipeline heading into 2026, which supports firming occupancy near 95.5 percent and modest blended rent growth. In Q1 2026 MAA reported rental and property revenues around $554 million and Core FFO of $2.13 per share, ahead of guidance, while net income fell year over year on smaller property-sale gains and higher interest expense. The result is a business that offers a solid yield and defensive cash flows but limited near-term growth until pricing power fully returns.
What's driving Mid-America Apartment Communiti (MAA)?
1. Sun Belt supply cycle turning
New apartment deliveries surged across MAA's core Southern markets and weighed on rents, but absorption has outpaced new supply for several consecutive quarters. As the development pipeline slows into 2026, MAA expects firming occupancy and improved pricing power, which is the main swing factor for its revenue trajectory.
2. Dividend track record and income profile
MAA has paid dividends since 1994 and raised them for more than 15 straight years, with an annualized payout around $6.12 per share and a yield near 4.7 to 4.9 percent. That reliable distribution is central to why the stock is held, and REIT rules require it to pass through most taxable income.
3. Development pipeline and capital recycling
MAA is funding a roughly $1 billion Sun Belt development pipeline and actively recycles capital through selective acquisitions and dispositions. This gives it a lever to add units in high-growth submarkets, though development returns depend on construction costs and lease-up demand.
4. Demographic and migration tailwinds
The Sun Belt continues to benefit from job growth, in-migration, and relative affordability versus coastal markets. MAA's breadth across the region, in more markets than most peers, positions it to capture that demand if hiring and household formation stay resilient.
What are the risks to Mid-America Apartment Communiti (MAA)?
Oversupply in key markets can keep rent growth muted and cap pricing power for longer than expected. Rising interest expense pressures earnings and refinancing costs, and higher rates can weigh on REIT valuations broadly. A weakening job market or slowing Sun Belt migration would soften demand, while property-tax and insurance inflation can erode operating margins. Same-store NOI growth guidance for 2026 spans roughly negative to slightly positive, underscoring that near-term growth is modest.
How is Mid-America Apartment Communiti (MAA) valued? (approximate, JULY 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Mid-America Apartment Communiti's investor relations page or your broker.
- Revenue (TTM): ~$2.2B
- Q1 2026 property revenue: ~$554M
- Q1 2026 Core FFO/share: ~$2.13
- 2026 Core FFO guidance: ~$8.37 to $8.69
- Market cap: ~$15B to $16B
- Dividend yield: ~4.7% to 4.9%
MAA is valued primarily on funds from operations (FFO) and dividend yield rather than standard earnings per share, which is common for REITs. With 2026 Core FFO guided in the roughly $8.37 to $8.69 range, the stock trades at a mid-teens FFO multiple. Net income declined year over year in Q1 2026 largely on smaller gains from property sales and higher interest expense, so FFO is the more representative operating measure.
Who competes with Mid-America Apartment Communiti (MAA)?
Sun Belt apartment REITs
Camden Property Trust (CPT) is the closest peer, with a Sun Belt and Southern focus and similar dividend-oriented profile. These names compete directly with MAA for tenants and development sites in the same high-growth Southern markets.
Coastal and diversified apartment REITs
AvalonBay (AVB), Equity Residential (EQR), Essex Property Trust (ESS), and UDR are larger or coastal-focused multifamily REITs. They offer investors an alternative regional and demographic exposure, and their relative rent growth shifts capital between coastal and Sun Belt names.
Broader residential and rental housing
Invitation Homes (INVH) and other single-family rental operators, plus private apartment owners and homebuilders, compete for renters and housing demand. Rising homeownership costs and mortgage rates can push demand toward rental operators like MAA.
How to invest in Mid-America Apartment Communiti (MAA)
There are three common ways to get MAA exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so MAA sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where MAA fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on Mid-America Apartment Communiti (MAA)
MAA is best understood as a scaled, dividend-focused Sun Belt apartment landlord whose fortunes track regional supply, occupancy, and interest rates.
More on Mid-America Apartment Communiti (MAA)
Whether MAA is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is MAA a buy?, and where the stock could go from here in the MAA stock forecast.
For income investors, whether MAA pays a dividend and how the payout looks is covered in does MAA pay a dividend?
Build a basket around MAA with Walnut
Use Mid-America Apartment Communiti as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does Mid-America Apartment Communities (MAA) do?
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MAA is a real estate investment trust that owns, operates, and develops apartment communities, with roughly 100,000 units across about 300 communities concentrated in the Sun Belt and Mid-Atlantic regions of the United States. It earns money mainly from renting apartments.
Is MAA a REIT, and what does that mean for investors?
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Yes, MAA is a REIT, which means it must distribute most of its taxable income to shareholders and generally pays little corporate income tax. For investors this translates into a higher dividend yield but means dividends are often taxed as ordinary income rather than at qualified-dividend rates.
What is MAA's dividend yield?
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MAA pays an annualized dividend of about $6.12 per share, which works out to a yield of roughly 4.7 to 4.9 percent depending on the share price. It has paid dividends since 1994 and raised them for more than 15 consecutive years.
How did MAA perform in its most recent quarter?
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In Q1 2026 MAA reported rental and property revenues of about $554 million and Core FFO of $2.13 per share, ahead of guidance. Net income fell year over year to about $127 million, largely on smaller property-sale gains and higher interest expense, with occupancy around 95.5 percent.
Why does the Sun Belt matter for MAA?
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MAA concentrates its portfolio in fast-growing Southern and Southwestern markets that benefit from job growth, in-migration, and relative affordability. That demographic tailwind supports demand, but the same markets saw heavy apartment construction that pressured rents, so the pace of new supply is a key driver.
Who are MAA's main competitors?
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Its closest peer is Camden Property Trust, another Sun Belt apartment REIT. Larger and coastal-focused peers include AvalonBay, Equity Residential, Essex Property Trust, and UDR, while single-family rental operators such as Invitation Homes compete for rental housing demand.
What are the main risks to MAA?
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The biggest risks are prolonged apartment oversupply that caps rent growth, rising interest expense that pressures earnings and valuation, and a weakening job market that could soften Sun Belt demand. Property-tax and insurance inflation can also squeeze operating margins.
How is MAA typically valued?
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REITs like MAA are usually valued on funds from operations (FFO) and dividend yield rather than standard earnings per share. With 2026 Core FFO guided around $8.37 to $8.69 per share and a market cap near $15 billion to $16 billion, MAA trades at a mid-teens FFO multiple.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Mid-America Apartment Communiti's investor relations page or your broker before making investment decisions.