# MID AMERICA APARTMENT COMMUNITIES INC.

Summary updated: 2026-10-02T10:38:37.285694Z
Canonical: https://finbar.com/research/companies/mid-america-apartment-communities

## 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](https://app.finbar.com/go?id=P20560189)[2](https://app.finbar.com/go?id=P145023833)[3](https://app.finbar.com/go?id=P145024052)[4](https://ir.maac.com/corporate-profile/default.aspx)

MAA describes its purpose as transforming properties into communities and apartments into homes. [5](https://www.maac.com/about-us/) 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](https://app.finbar.com/go?id=T7705295)[7](https://app.finbar.com/go?id=P94379912)
[1](https://app.finbar.com/go?id=P20560189)[2](https://app.finbar.com/go?id=P145023833)[3](https://app.finbar.com/go?id=P145024052)[4](https://ir.maac.com/corporate-profile/default.aspx)[5](https://www.maac.com/about-us/)[6](https://app.finbar.com/go?id=T7705295)[7](https://app.finbar.com/go?id=P94379912)[4](https://ir.maac.com/corporate-profile/default.aspx)[5](https://www.maac.com/about-us/)[8](https://www.sec.gov/Archives/edgar/data/912595/000119312526041208/maa-20251231.htm)

## 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](https://app.finbar.com/go?id=P101281544)[10](https://app.finbar.com/go?id=P20804828)

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](https://app.finbar.com/go?id=P6822114)

Resident services include digital connectivity, 24/7 on-call support, and relocation assistance. [12](https://www.maac.com/about-us/resident-services/) 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](https://www.maac.com/virginia/dc-metro/maa-carlyle-square/)[14](https://www.maac.com/virginia/dc-metro/maa-national-landing/)
[9](https://app.finbar.com/go?id=P101281544)[10](https://app.finbar.com/go?id=P20804828)[11](https://app.finbar.com/go?id=P6822114)[12](https://www.maac.com/about-us/resident-services/)[13](https://www.maac.com/virginia/dc-metro/maa-carlyle-square/)[14](https://www.maac.com/virginia/dc-metro/maa-national-landing/)

## 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](https://app.finbar.com/go?id=P114948518)[16](https://app.finbar.com/go?id=P67117614)

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](https://app.finbar.com/go?id=P86447899) 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](https://app.finbar.com/go?id=P144434584)[4](https://ir.maac.com/corporate-profile/default.aspx)

MAA’s principal office is in Germantown, Tennessee, and its listed regional offices are in Atlanta, Charlotte, Dallas, Jacksonville, and Nashville. [19](https://app.finbar.com/go?id=P103977471)[20](https://www.maac.com/storybook/components/location-list/)
[15](https://app.finbar.com/go?id=P114948518)[16](https://app.finbar.com/go?id=P67117614)[17](https://app.finbar.com/go?id=P86447899)[18](https://app.finbar.com/go?id=P144434584)[19](https://app.finbar.com/go?id=P103977471)[4](https://ir.maac.com/corporate-profile/default.aspx)[20](https://www.maac.com/storybook/components/location-list/)

## 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](https://app.finbar.com/go?id=P71279774)[22](https://app.finbar.com/go?id=P81884439)

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](https://app.finbar.com/go?id=T543341)
[21](https://app.finbar.com/go?id=P71279774)[22](https://app.finbar.com/go?id=P81884439)[23](https://app.finbar.com/go?id=T543341)[23](https://app.finbar.com/go?id=T543341)[23](https://app.finbar.com/go?id=T543341)[23](https://app.finbar.com/go?id=T543341)

## 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](https://ir.maac.com/news-events/press-releases/news-details/2024/MAA-Recognizes-30-Years-as-A-Publicly-Traded-Company/default.aspx) [25](https://ir.maac.com/news-events/press-releases/news-details/2009/George-Cates-Retires-From-Mid-America-Apartment-Communities-Board-of-Directors/default.aspx) [26](https://ir.maac.com/overview/directors-and-management/person-details/default.aspx?ItemId=8718f558-6d36-4c20-8276-c965d913fa39)

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](https://ir.maac.com/news-events/press-releases/news-details/2013/MAA-and-Colonial-Properties-Trust-complete-8.3-billion-merger/default.aspx) [28](https://ir.maac.com/news-events/press-releases/news-details/2016/MAA-and-Post-complete-merger/default.aspx) [24](https://ir.maac.com/news-events/press-releases/news-details/2024/MAA-Recognizes-30-Years-as-A-Publicly-Traded-Company/default.aspx) [29](https://ir.maac.com/news-events/press-releases/news-details/2024/MAA-ANNOUNCES-CEO-SUCCESSION-PLAN/default.aspx)
[24](https://ir.maac.com/news-events/press-releases/news-details/2024/MAA-Recognizes-30-Years-as-A-Publicly-Traded-Company/default.aspx)[25](https://ir.maac.com/news-events/press-releases/news-details/2009/George-Cates-Retires-From-Mid-America-Apartment-Communities-Board-of-Directors/default.aspx)[26](https://ir.maac.com/overview/directors-and-management/person-details/default.aspx?ItemId=8718f558-6d36-4c20-8276-c965d913fa39)[27](https://ir.maac.com/news-events/press-releases/news-details/2013/MAA-and-Colonial-Properties-Trust-complete-8.3-billion-merger/default.aspx)[28](https://ir.maac.com/news-events/press-releases/news-details/2016/MAA-and-Post-complete-merger/default.aspx)[29](https://ir.maac.com/news-events/press-releases/news-details/2024/MAA-ANNOUNCES-CEO-SUCCESSION-PLAN/default.aspx)

## Sources

1. [MID AMERICA APARTMENT COMMUNITIES INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P20560189)
2. [MID AMERICA APARTMENT COMMUNITIES INC. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145023833)
3. [MID AMERICA APARTMENT COMMUNITIES INC. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145024052)
4. [ir.maac.com](https://ir.maac.com/corporate-profile/default.aspx)
5. [www.maac.com](https://www.maac.com/about-us/)
6. [MID AMERICA APARTMENT COMMUNITIES INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T7705295)
7. [MID AMERICA APARTMENT COMMUNITIES INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P94379912)
8. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/912595/000119312526041208/maa-20251231.htm)
9. [MID AMERICA APARTMENT COMMUNITIES INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P101281544)
10. [MID AMERICA APARTMENT COMMUNITIES INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P20804828)
11. [MID AMERICA APARTMENT COMMUNITIES INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P6822114)
12. [www.maac.com](https://www.maac.com/about-us/resident-services/)
13. [www.maac.com](https://www.maac.com/virginia/dc-metro/maa-carlyle-square/)
14. [www.maac.com](https://www.maac.com/virginia/dc-metro/maa-national-landing/)
15. [MID AMERICA APARTMENT COMMUNITIES INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P114948518)
16. [MID AMERICA APARTMENT COMMUNITIES INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P67117614)
17. [MID AMERICA APARTMENT COMMUNITIES INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P86447899)
18. [MID AMERICA APARTMENT COMMUNITIES INC. — Press release (2026 Q 2)](https://app.finbar.com/go?id=P144434584)
19. [MID AMERICA APARTMENT COMMUNITIES INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P103977471)
20. [www.maac.com](https://www.maac.com/storybook/components/location-list/)
21. [MID AMERICA APARTMENT COMMUNITIES INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P71279774)
22. [MID AMERICA APARTMENT COMMUNITIES INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P81884439)
23. [MID AMERICA APARTMENT COMMUNITIES INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T543341)
24. [ir.maac.com](https://ir.maac.com/news-events/press-releases/news-details/2024/MAA-Recognizes-30-Years-as-A-Publicly-Traded-Company/default.aspx)
25. [ir.maac.com](https://ir.maac.com/news-events/press-releases/news-details/2009/George-Cates-Retires-From-Mid-America-Apartment-Communities-Board-of-Directors/default.aspx)
26. [ir.maac.com](https://ir.maac.com/overview/directors-and-management/person-details/default.aspx?ItemId=8718f558-6d36-4c20-8276-c965d913fa39)
27. [ir.maac.com](https://ir.maac.com/news-events/press-releases/news-details/2013/MAA-and-Colonial-Properties-Trust-complete-8.3-billion-merger/default.aspx)
28. [ir.maac.com](https://ir.maac.com/news-events/press-releases/news-details/2016/MAA-and-Post-complete-merger/default.aspx)
29. [ir.maac.com](https://ir.maac.com/news-events/press-releases/news-details/2024/MAA-ANNOUNCES-CEO-SUCCESSION-PLAN/default.aspx)

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