Mid-America Apartment Communities, Inc. (MAA)

Over the past six months, Mid-America Apartment Communities' stock price has experienced a general decline, falling 16.00% and 11.61% over the past year. The stock reached a 52-week low of $137.20 on October 2, 2025. In Q1 2025, MAA reported earnings per share (EPS) of $2.20, surpassing analysts' expectations of $2.16. In Q2 2025, the company reported an EPS of $2.15, which beat analyst estimates, however, revenue of $549.9 million slightly missed expectations. Following this report, the stock price declined by 2.94% in after-hours trading. On October 1, 2025, Cantor Fitzgerald initiated coverage of MAA with a "Neutral" recommendation. Truist Securities lowered its price target on MAA's stock to $158 from $171, while maintaining a Buy rating, citing a more conservative same-store growth forecast due to slumping national employment growth. Citizens JMP maintained a Market Outperform rating with a $170 price target.

Demand for Mid-America Apartment Communities' apartment rentals in the Sunbelt region exhibits seasonality. In Florida, rental prices tend to rise during the winter months due to an influx of "snowbirds." Conversely, demand typically declines in the summer due to high heat, humidity, and the increased risk of hurricanes. College towns within MAA's footprint also experience increased demand and price hikes in late summer as students return for the academic year. While the Sunbelt generally experiences strong demand for apartment living, the industry is cyclical, and leasing conditions can fluctuate. There has been a moderation in rent growth in some Sunbelt markets, partly due to increased new apartment deliveries.

Mid-America Apartment Communities, Inc. (MAA) is a real estate investment trust (REIT) focused on multifamily housing in the Sunbelt region. MAA operates as an S&P 500 company, specializing in the ownership, management, acquisition, development, and redevelopment of apartment communities. The company's sector is Real Estate, and its industry is classified as REIT - Residential. MAA's primary product offering consists of apartment homes, including a mix of one, two, and three-bedroom units. As of June 30, 2025, MAA had ownership interests in 104,347 apartment homes across its portfolio. The company's integrated business model includes property management, leasing, maintenance, and customer service.

Mid-America Apartment Communities' investment portfolio is diversified across the high-growth Sunbelt region of the U.S. The company owns and operates properties in 16 states and the District of Columbia. Key markets and regions include the Southeastern, Southwestern, and Mid-Atlantic United States. MAA has a significant presence in markets such as Atlanta, Charlotte, Florida, North Carolina, and Texas. As of 2024, Texas markets represented 35.2% of its total portfolio, Florida markets 15.7%, and North Carolina markets 10.3%.

In the past year, Mid-America Apartment Communities' brand reputation has faced scrutiny due to tenant complaints. A Reddit post from August 18, 2025, detailed allegations from a former tenant regarding issues at an MAA property, including concealed mold, retroactive utility billing without notice, inflated move-out charges, and disregard for contracts and compliance. The tenant also claimed MAA ignored legal protocol and contacted their doctor after they moved out. These issues were highlighted as potential long-term risks for investors, including lawsuits, regulatory problems, and reputational damage.

Approximately 56.33% of Mid-America Apartment Communities, Inc.'s stock is held by institutional investors, 0.61% by insiders, and 30.65% by public companies and individual investors. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Capital World Investors, State Street Corp, AWSHX - WASHINGTON MUTUAL INVESTORS FUND Class A, Norges Bank, VGSIX - Vanguard Real Estate Index Fund Investor Shares, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, and Geode Capital Management, Llc.