MAA on NYSE

MAA

Logo: https://www.maac.com/, Public domain, via Wikimedia Commons4

American real estate investment trust

Mid-America Apartment Communities, Inc. (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 18, 2026.

Overview

Jan 1, 1977Founded1

Compare with CoreCivic, Uniti or Lamar Advertising Company, or pick any stock.

  • TickerMAA on NYSE1
  • Industryreal estate investment trust1
  • HeadquartersTennessee1
  • Websitewww.maac.com
  • Incorporated inTN5
  • Business address6815 Poplar Avenue, Suite 500, Germantown, Tn 381385
  • Filer categoryLarge accelerated filer5

See how the biggest companies compare on our leaderboards

Mid-America Apartment Communities, Inc. (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

20.2%Net margin7
0.8%Revenue growth, 20257
7.9%Return on equity7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Same Store brought in 94% of the revenue MAA broke down this way in fiscal 2025.

  1. Same Store$2.1B794%down 0% from 2024
  2. Non Same Store And Other$132.0M76%up 19% from 2024
Business segments by year
Business segments202320242025
Same Store$2.1B$2.1B$2.1B
Non Same Store And Other$73.4M$111.0M$132.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs71¢$1.6B
  • Interest8¢$185.3M
  • Income tax0¢$4.6M
  • Profit20¢$446.9M

Out of $2.2B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid66¢$709.0M
  • Share buybacks3¢$27.2M
  • Kept or used elsewhere32¢$341.9M

Out of $1.1B of cash from operations.7

Financial statements

Revenue8910117$2.2B in 2025+35% since 2019
0$1.0B$2.0B$3.0B2019: $1.6B$1.6B20192020: $1.7B$1.7B2020+2%2021: $1.8B$1.8B2021+6%2022: $2.0B$2.0B2022+14%2023: $2.1B$2.1B2023+6%2024: $2.2B$2.2B2024+2%2025: $2.2B$2.2B2025+1%
Net income8910117$446.9M in 2025+26% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $353.8M$353.8M20192020: $255.0M$255.0M2020−28%2021: $533.8M$533.8M2021+109%2022: $637.4M$637.4M2022+19%2023: $552.8M$552.8M2023−13%2024: $527.5M$527.5M2024−5%2025: $446.9M$446.9M2025−15%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Rental and other property revenues$2.2B$2.2B$2.1B
Operating expenses, excluding real estate taxes and insurance$518.9M$502.7M$461.5M
Real estate taxes and insurance$318.9M$317.4M$306.6M
Depreciation and amortization$622.3M$585.6M$565.1M
Total property operating expenses$1.5B$1.4B$1.3B
Property management expenses$74.8M$72.0M$67.8M
General and administrative expenses$54.8M$56.5M$58.6M
Interest expense$185.3M$168.5M$149.2M
(Gain) loss on sale of depreciable real estate assets-$72.1M-$55.0M$62.0K
Gain on sale of non-depreciable real estate assets$0$0-$54.0K
Other non-operating expense (income)$47.2M-$1.7M-$31.2M
Income before income tax expense$459.1M$544.9M$570.8M
Income tax expense-$4.6M-$5.2M-$4.7M
Income from continuing operations before real estate joint venture activity$454.5M$539.6M$566.1M
Income from real estate joint venture$2.1M$2.0M$1.7M
Net income$456.6M$541.6M$567.8M
Net (loss) income attributable to noncontrolling interests$9.7M$14.0M$15.0M
Net income$446.9M$527.5M$552.8M
Dividends to MAA Series I preferred shareholders$3.7M$3.7M$3.7M
Net income available for MAA common shareholders$443.2M$523.9M$549.1M
Net income available for MAA common shareholders$3.79$4.49$4.71
Net income available for MAA common shareholders$3.78$4.49$4.71

Compare MAA with another company

The story

The company was founded as The Cates Co. in 1977 by George E. Cates.

In 1993, the company was organized as a real estate investment trust.

In February 1994, the company acquired The Cates Company from George E. Cates and became a public company via an initial public offering.

In March 2009, founder George E. Cates retired.

In October 2013, the company acquired Colonial Properties.

In December 2016, the company acquired Post Properties.

In November 2018, the company paid $11.3 million to settle a complaint that Post Properties violated the design and construction requirements under the Fair Housing Act and the Americans with Disabilities Act at 50 properties.

In January 2023, the company was named a defendant in a class-action lawsuit over its use of RealPage software to control rent pricing. The lawsuit was settled in January 2026.

From Wikipedia’s article on Mid-America Apartment Communities, shared under CC BY-SA 4.0.6

Leadership

Who has led MAA, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. H. Eric Bolton Jr.2006–now

President

  1. H. Eric Bolton Jr.2006–now

Chief financial officer

  1. Simon R. C. Wadsworth2008–2010
  2. Aubrey Clay Holder2024–now

Chief operating officer

  1. Thomas L. Grimes Jr.2012–2023
19801990200020102020
Board members and other officers (32)

Products and brands

  • apartment

Listed on Wikidata.1

Former names

  • MID AMERICA APARTMENT COMMUNITIES INCFeb 3, 1995 to May 3, 20185

Timeline

  1. Jan 5, 2006New chief executive H. Eric Bolton Jr. becomes CEO16
  2. Jan 1, 1977Founded Founded1

Filings

383 filings to the SEC since October 2021: 1 quarterly reports, 10 major events, 286 insider forms, 22 large holders, 64 other. The latest 20:

  1. Oct 5, 2026SCHEDULE 13G EDGAR
  2. Oct 1, 202625-NSE EDGAR
  3. Sep 23, 20264 PRIMARY DOCUMENT EDGAR
  4. Sep 23, 20264 PRIMARY DOCUMENT EDGAR
  5. Sep 23, 20264 PRIMARY DOCUMENT EDGAR
  6. May 21, 20264 PRIMARY DOCUMENT EDGAR
  7. May 20, 20264 PRIMARY DOCUMENT EDGAR
  8. May 20, 20264 PRIMARY DOCUMENT EDGAR
  9. May 20, 20264 PRIMARY DOCUMENT EDGAR
  10. May 20, 20264 PRIMARY DOCUMENT EDGAR
  11. May 20, 20264 PRIMARY DOCUMENT EDGAR
  12. May 20, 20264 PRIMARY DOCUMENT EDGAR
  13. May 20, 20264 PRIMARY DOCUMENT EDGAR
  14. May 8, 20264 PRIMARY DOCUMENT EDGAR
  15. Apr 30, 2026SCHEDULE 13G EDGAR
  16. Apr 29, 2026SCHEDULE 13G EDGAR
  17. Apr 7, 20263 PRIMARY DOCUMENT EDGAR
  18. Apr 6, 2026144 EDGAR
  19. Apr 6, 2026144 EDGAR
  20. Apr 6, 2026144 EDGAR

The 383 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 22 such filings since October 2021, the latest 10:

  1. Oct 5, 2026SCHEDULE 13G
  2. Apr 30, 2026SCHEDULE 13G
  3. Apr 29, 2026SCHEDULE 13G
  4. Mar 27, 2026SCHEDULE 13G/A
  5. Feb 13, 2026SCHEDULE 13G/A
  6. May 13, 2025SCHEDULE 13G/A
  7. Feb 13, 2025SCHEDULE 13G
  8. Nov 8, 2024SC 13G/A
  9. Oct 23, 2024SC 13G/A
  10. Feb 14, 2024SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.13,103,935$1.8B0.0%+73,326
Vanguard Portfolio Management LLC9,929,114$1.4B0.1%+21,787
State Street Corp7,932,427$1.1B0.0%−72,104
Vanguard Capital Management LLC7,611,715$1.1B0.0%+16,445
Norges Bank5,452,477$757.6M0.1%New
Viking Global Investors LP5,043,318$700.7M2.0%+244,914
Aqr Capital Management LLC3,769,982$523.8M0.2%+2,991,466
Geode Capital Management, LLC3,538,997$490.0M0.0%+42,408
APG Asset Management US Inc.3,089,712$432.4M3.0%No change
Invesco Ltd.2,369,220$329.2M0.0%−61,361
Jpmorgan Chase & Co2,310,321$324.9M0.0%−595,510
Dimensional Fund Advisors LP1,770,242$246.0M0.0%−2,203
Goldman Sachs Group Inc1,768,256$245.7M0.0%+290,457
1832 Asset Management L.P.1,734,565$241.0M0.3%+681,656
Charles Schwab Investment Management Inc1,686,464$234.3M0.0%+91,433
Northern Trust Corp1,676,498$232.9M0.0%−69,613
Massachusetts Financial Services Co /ma/1,608,237$231.8M0.1%−56,706
Morgan Stanley1,559,633$216.7M0.0%−38,467
River Road Asset Management, LLC1,324,380$184.0M2.0%−103,699
Barrow Hanley Mewhinney & Strauss LLC1,262,251$175.4M0.5%+10,061
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC1,221,025$169.6M0.0%+1,213,390
Legal & General Group Plc1,115,962$155.1M0.0%−32,595
Duff & Phelps Investment Management Co1,018,023$141.4M1.3%+168,280
Bank Of America Corp /de/818,301$113.7M0.0%−23,262
Centersquare Investment Management LLC789,692$109.7M0.9%+169,517

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

4 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 27, 2026Alan ArmstrongRepublican, SenateBuy$1,001 - $15,000−25.3%Report
Jul 12, 2023Daniel S. GoldmanDemocratic, HouseSale$15,001 - $50,000+99.1%Report
May 25, 2023Zoe LofgrenDemocratic, HouseSale$1,001 - $15,000+105.7%Report
Mar 23, 2020Zoe LofgrenDemocratic, HouseSale$1,001 - $15,000+208.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49