MID AMERICA APARTMENT COMMUNITIES INC.

Overview

Mid-America Apartment Communities, Inc. (MAA) is a U.S. multifamily real estate investment trust that owns, operates, acquires and develops apartment communities. Its portfolio spans the Southeast, Southwest and Mid-Atlantic, with communities in 16 states and Washington, D.C. As of June 30, 2026, MAA owned and operated 294 communities and reported interests in 104,698 apartment homes; its portfolio includes garden-style, mid-rise and high-rise properties in urban and suburban locations.[1]+3

MAA describes its purpose as transforming properties into communities and apartments into homes.[5] For scale, the company reported $2.209 billion in rental and other property revenues for 2025 and 2,507 associates as of December 31, 2025.[6][7] [1]+9

Products & services

Mid-America Apartment Communities (MAA) offers apartment communities in garden-style, mid-rise, and high-rise formats. Its apartment product also includes renovated units: in 2025, MAA renovated kitchens and bathrooms in 5,995 units at an average cost of $6,080 per unit; those units achieved average rental rates 7.0% above comparable non-renovated units.[9][10]

MAA’s Smart Home installations include entry locks, mobile control of lights and thermostats, and leak monitoring. More than 96,000 units had these features installed as of December 31, 2025; MAA reported an approximately $25-per-month increase in average effective rent per unit since the initiative began in 2019.[11]

Resident services include digital connectivity, 24/7 on-call support, and relocation assistance.[12] Offerings vary by community: for example, MAA Carlyle Square provides studio-to-three-bedroom floor plans, while MAA National Landing lists amenities including an indoor heated pool, fitness center, rooftop terrace, and EV charging.[13][14] [9]+5

Geographic presence

MAA’s apartment communities are concentrated in the Southeast, Southwest, and Mid-Atlantic. As of December 31, 2025, approximately 70% of its apartment units were in Florida, Georgia, North Carolina, and Texas; its five largest markets—Atlanta, Dallas, Austin, Charlotte, and Orlando—accounted for 41.2% of completed units. These percentages refer to unit counts, not revenue or net operating income.[15][16]

At year-end 2025, MAA reported 301 communities and 102,814 units. Its largest listed markets were Atlanta (29 communities; 11,434 units), Dallas (26; 9,755), Austin (20; 6,795), Charlotte (20; 5,995), and Orlando (14; 5,907).[17] As of June 30, 2026, the company described its footprint as 104,698 apartment homes, including homes in communities under development, across 16 states and Washington, D.C.[18][4]

MAA’s principal office is in Germantown, Tennessee, and its listed regional offices are in Atlanta, Charlotte, Dallas, Jacksonville, and Nashville.[19][20] [15]+6

Business segments

MAA reports two operating segments in its 2025 reporting: Same Store and Non-Same Store and Other. Same Store comprises communities owned and stabilized for at least 12 months at the beginning of the calendar year; stabilization requires average physical occupancy of at least 90% for 90 days. Non-Same Store and Other includes recently acquired, developing or lease-up communities; disposed or planned-for-disposition communities; communities with significant casualty losses; stabilized communities that do not meet the Same Store criteria; and other activities and severe-weather-related expenses.[21][22]

In 2025, Same Store contributed approximately 94.0% of property revenue and 95.1% of NOI. Non-Same Store and Other contributed approximately 6.0% of property revenue and 4.9% of NOI. Percentages are calculated from reported segment amounts; the filing’s segment disclosure does not provide segment asset figures.[23] [21]+5

Company history

Mid America Apartment Communities traces its public-company origins to 1994, when it completed its IPO on January 28. In February of that year, founder George E. Cates’s The Cates Company merged with Mid-America. Cates served as President and CEO until his planned retirement in October 2001, when H. Eric Bolton Jr. succeeded him as CEO.[24]+2

The company expanded through two major combinations: it completed an $8.3 billion merger with Colonial Properties Trust on October 1, 2013, and a merger with Post Properties on December 1, 2016, following the announcement of a $17 billion combination. In January 2024, MAA marked 30 years as a publicly traded company. On April 1, 2025, A. Bradley Hill became President and CEO, succeeding Bolton, who became Executive Chairman.[27]+3 [24]+5

Sources

• MID AMERICA APARTMENT COMMUNITIES INC. — Full financial report (2025 Y)
  13 citations

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• MID AMERICA APARTMENT COMMUNITIES INC. — Full financial report (2026 Q 2)[2][3]
• ir.maac.com[4]
• www.maac.com[5]
• www.sec.gov[8]
• www.maac.com[12]
• www.maac.com[13]
• www.maac.com[14]
• MID AMERICA APARTMENT COMMUNITIES INC. — Press release (2026 Q 2)[18]
• www.maac.com[20]
• ir.maac.com[24]
• ir.maac.com[25]
• ir.maac.com[26]
• ir.maac.com[27]
• ir.maac.com[28]
• ir.maac.com[29]