Mid-America Apartment Communities, Inc.
S&P 500MAA/Real Estate · REIT - Residential/NYSE
Dividend Yield
4.61%
$6.09 · Annual Dividend
Dividend Safety Rating
MAA's dividend appears safe and well-supported. Strengths include a 66.9% ffo payout ratio & 99.8 debt-to-equity. Areas of concern: 104.3% fcf payout ratio & 0.1x current ratio. The dividend has been growing at a 8.66% 5-year CAGR. As a REIT, its payout is measured against FFO (funds from operations) rather than net income, since large non-cash depreciation makes the earnings payout ratio misleading.
Based on 15 of 15 metrics
Strengths
- FFO Payout Ratio: 66.9%Dividends are well covered by funds from operations (FFO).
- Debt-to-Equity: 99.8Conservative debt level relative to equity.
- Operating Margin: 26.6%Healthy operating margin provides a wide buffer.
Risks
- FCF Payout Ratio: 104.3%Free cash flow is tight relative to the dividend.
- Current Ratio: 0.1xLimited short-term liquidity to meet obligations.
- Return on Equity: 6.7%Return on equity is below industry norms.
Payout & Coverage
CautionBalance Sheet
CautionProfitability
CautionDividend Track Record
Very SafeAbout Mid-America Apartment Communities, Inc.
Mid-America Apartment Communities is a real estate investment trust (REIT) that owns, operates, acquires, and develops apartment communities across the Southeast, Southwest, and Mid-Atlantic regions of the United States. As an S&P 500 company, it manages a portfolio of quality multifamily residential properties designed to generate sustainable cash flow for shareholders. The company operates through its Same Store and Non-Same Store segments, with the majority of revenue derived from its established property portfolio. Mid-America Apartment Communities focuses on full-cycle investment performance by strategically acquiring and redeveloping apartment communities while maintaining stable operations across its existing properties. The company distributes regular dividends to shareholders and maintains a self-administered and self-managed structure, overseeing operations across 16 states and the District of Columbia. Its business model centers on delivering consistent returns through property management excellence and strategic capital deployment in growing residential markets throughout the United States.
Dividend Overview
Dividend Yield
4.61%
Annual Dividend
$6.09
Frequency
Quarterly
Payout Ratio
184.09%
FCF Payout Ratio
104.27%
52-Week Range
$120.30 - $153.93
Dividend History (2016–2025)
MAA annual dividend per share and yield history
Earnings & Profitability
MAA earnings per share and net profit margin
Key Dates
Next Ex-Dividend Date
July 15, 2026
Next Payment Date
July 31, 2026
Dividend Growth
3-Year Dividend CAGR
9.03%
5-Year Dividend CAGR
8.66%
10-Year Dividend CAGR
7.00%
3-Year Total Growth
29.63%
5-Year Total Growth
51.50%
10-Year Total Growth
96.75%
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Frequently Asked Questions
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.