Mid-America Apartment Communities
Owns, operates and develops apartments across the Southeast, Southwest and Mid-Atlantic.
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Profile
Owns and manages apartment communities across the Southeast, Southwest and Mid-Atlantic, earning primarily rental and related property revenue. A self-managed REIT platform combines established communities with acquisitions, development, lease-up and redevelopment across a broad mix of local markets and price points.
Owns, operates, acquires, develops and redevelops apartment communities through a self-managed REIT platform. The portfolio spans the Southeast, Southwest and Mid-Atlantic, covering more than 100,000 apartment homes across garden-style, mid-rise and high-rise properties. Rental income and related property charges supply almost all revenue, with a small retail presence embedded in some communities.
Combines local property operations with centralized asset management, technology, renovations and capital recycling across established Same Store properties and newer acquisition, development and lease-up assets. A diversified mix of markets, submarkets, formats and price points spreads exposure across local rental markets and resident segments. Cash flow remains tied to apartment occupancy, lease pricing, property taxes, insurance and borrowing costs, while operations are governed by landlord-tenant and housing rules and REIT distribution requirements.
Company facts
Categories
Key statistics
Year to date −6.8% · Average volume (30d) 945.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 17, 2026 | Barclays | Reiterate | Equal Weight | $147 | $146 |
| Aug 12, 2026 | Morgan Stanley | Reiterate | Overweight | $155 | $147 |
| Aug 4, 2026 | Scotiabank | Reiterate | Sector Underperform | $137 | $134 |
| Aug 3, 2026 | Cantor Fitzgerald | Reiterate | Neutral | $132 | $140 |
| Jul 30, 2026 | Evercore ISI | Target | $132 | $130 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.76 | $1.07 | +41.0% | $556.2M | $555.1M | −0.2% | −2.96% |
| Apr 29, 2026Q1 FY26 | $2.12 | $2.13 | +0.5% | $555.8M | $553.7M | −0.4% | −0.41% |
| Feb 4, 2026Q4 FY25 | $2.22 | $2.23 | +0.5% | $556.4M | $555.6M | −0.1% | −3.21% |
| Oct 29, 2025Q3 FY25 | $2.17 | $2.16 | −0.5% | $556.8M | $554.4M | −0.4% | +2.00% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $549.3M | $549.9M | $554.4M | $555.6M | $553.7M | $555.1M | |
| Gross profit | $175.0M | $164.2M | $163.5M | $200.4M | $348.2M | $336.4M | |
| Operating income | $159.4M | $151.4M | $151.0M | $157.7M | $147.1M | $140.8M | |
| Net income | $181.7M | $108.1M | $99.5M | $57.6M | $124.4M | $121.8M | |
| Diluted EPS | $1.54 | $0.92 | $0.84 | $0.48 | $1.06 | $1.04 | |
| Gross margin | 31.9% | 29.9% | 29.5% | 36.1% | 62.9% | 60.6% | |
| Operating margin | 29.0% | 27.5% | 27.2% | 28.4% | 26.6% | 25.4% |
Fiscal years (4-quarter sums)FY21 $1.78B · FY22 $2.02B · FY23 $2.15B · FY24 $2.19B · FY25 $2.21B
Revenue by product · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $51.8M · Total debt $5.69B · Total assets $11.99B · Shareholders' equity $5.43B
Dividends
Raised for 30 straight years — most recently to $1.53 from $1.515 in Jan 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 15, 2026 | Jul 15 | Jul 31 | $1.53 | |
| Apr 15, 2026 | Apr 15 | Apr 30 | $1.53 | |
| Jan 15, 2026 | Jan 15 | Jan 30 | $1.53 | raised from $1.515 |
| Oct 15, 2025 | Oct 15 | Oct 31 | $1.515 | |
| Jul 15, 2025 | Jul 15 | Jul 31 | $1.515 | |
| Apr 15, 2025 | Apr 15 | Apr 30 | $1.515 | |
| Jan 15, 2025 | Jan 15 | Jan 31 | $1.515 | raised from $1.47 |
| Oct 15, 2024 | Oct 15 | Oct 31 | $1.47 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 116.38M · Float 115.42M · 99.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 13.10M | 11.26% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 9.93M | 8.53% | 13F | Aug 13, 2026 |
| State Street Corp | 7.93M | 6.82% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 7.61M | 6.54% | 13F | Aug 13, 2026 |
| Norges Bank | 5.45M | 4.68% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 21, 2026 | Tamara D. Fischer | director | +1,100 | $128.55 |
| May 8, 2026 | James Barton French | officer: EVP Investments | −350 | $130.98 |
| Apr 6, 2026 | Aubrey Clay Holder | officer: EVP, CFO | −145 | $124.73 |
| Apr 6, 2026 | Amber Fairbanks | officer: EVP, Property Management | −711 | $124.73 |
| Apr 6, 2026 | Melanie Carpenter | officer: EVP & CHRO | −731 | $124.78 |
Peers
- Camden Property Trust
Closest Sun Belt apartment REIT overlap
- UDR
Diversified apartment REIT with Sun Belt overlap
- AvalonBay Communities
Large apartment REIT expanding into MAA markets
- Equity Residential
Large rental-apartment owner competing for renters and capital
- Independence Realty Trust
Non-gateway apartment REIT with Southeast and Texas overlap
- NexPoint Residential Trust
Value-add Sun Belt apartment REIT in overlapping markets
- Essex Property Trust
Scale West Coast apartment REIT peer competing for capital
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Mid-America Apartment Communities | $128.57 | −0.84% | $15.08B | 37.9 | 41.5 | 6.8 | +1.0% |
| Camden Property Trust | $106.35 | +0.03% | $10.69B | 35.3 | 101.8 | 6.8 | −0.9% |
| UDR | $37.12 | −0.01% | $11.93B | 23.6 | 64.3 | 6.9 | −0.6% |
| AvalonBay Communities | $184.06 | 0.00% | $26.28B | 25.4 | 35.5 | 8.5 | −6.3% |
| Equity Residential | $63.66 | −3.50% | $23.87B | 27.9 | 42.5 | 7.6 | +2.1% |
| Independence Realty Trust | $16.31 | +0.03% | $3.84B | 88.9 | 91.7 | 5.8 | +3.0% |
| NexPoint Residential Trust | $23.55 | −0.04% | $598.5M | — | — | 2.3 | +2.3% |
| Essex Property Trust | $284.03 | 0.00% | $18.25B | 44.2 | 47.4 | 9.5 | +3.6% |
| Median | 31.6 | 55.8 | 6.9 | +2.1% |