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Mid-America Apartment CommunitiNYSE: MAA

Real Estate · Multi-Family Residential REITs

$128.70

-0.38%

Vol: 565K

Research Digest

Friday, May 1, 2026

Mixed

Q1 FFO $2.13 beats guidance by $0.02; record development completions; DC lawsuit over fees

MAA reported Q1 2026 core FFO of $2.13 per share, beating guidance by $0.02 on resilient operations and improving pricing momentum. Company completed key developments including MAA Breakwater (Tampa) and MAA Liberty Row (Charlotte). Full-year FFO guidance of $8.37-$8.69 supported by fortress balance sheet. However, Washington DC sued MAA over allegedly illegal and hidden tenant fees, claiming misled advertising. Management acknowledged persistent supply pressure in Sun Belt markets and elevated concessions. Stock rose on strong FFO beat but faces regulatory headwinds.

Price 50d 200d

Previous Market Intelligence

13 days
Apr 30Mid-America Apartment Communities beats Q1, lifts 2026 FFO guidancePositive

MAA reported Q1 funds from operations of $2.13 per share, beating expectations of $2.12. Net income EPS of $1.06 significantly beat forecasts of $0.83 (+27.71% surprise). Company raised and narrowed 2026 FFO guidance to $8.37-$8.69 from $8.35-$8.71 and expects Q2 core FFO of $2.00-$2.12. Strong expense management and resident retention drove results. Stock up 1.76% premarket. Completed two development projects and issued $200M of 7-year notes at 4.65%.

Apr 16Truist maintains Buy rating with adjusted price target of $136; Q1 2026 earnings expected April 29Mixed

Mid-America Apartment Communities declared a quarterly dividend of $1.53 per share payable April 30, marking the 129th consecutive quarterly dividend with no history of suspension. Truist Securities adjusted its price target to $136 from $142 while maintaining a Buy rating. Wall Street Zen upgraded from Strong Sell to Sell on April 12. The company faces analyst concerns over occupancy levels, with Q1 2026 earnings release scheduled for April 29.

Apr 15MAA declares 129th consecutive quarterly dividend of $1.53/share while preparing Q1 earnings on April 29 amid absorption gains in Sun Belt markets.Positive

Mid-America Apartment Communities announced its 129th consecutive quarterly dividend of $1.53 per share, payable April 30, 2026. The REIT is positioned for improved pricing power as absorption in core Sun Belt markets has materially outpaced new supply for four consecutive quarters. Q1 2026 earnings are expected April 29 with analysts forecasting a 3.2% FFO decline. Morgan Stanley raised its price target to $153.50.

Apr 14Mid-America Apartment Communities upgraded by UBS to Neutral from Sell; company set to report Q1 earnings April 29.Mixed

MAA announced Q1 2026 results release on April 29 after market close with earnings call on April 30 at 9:00 a.m. CT. UBS upgraded MAA to Neutral from Sell with price target of $132. The company pays quarterly dividend of $1.53 per share. Analysts project 20.70% upside potential to $161.78 average target.

Apr 13No significant overnight updatesNeutral

No material news in the last 48 hours.

Apr 10MAA announces Q1 2026 earnings release for April 29 with modest pre-market decline amid residential REIT sector headwinds.Negative

Mid-America Apartment Communities will release Q1 2026 results on April 29, expecting a 3.2% decline in diluted FFO. The company maintains its 129th consecutive quarterly dividend of $1.53/share. Scotiabank set target at $138 and Morgan Stanley at $156. Pre-market trading shows MAA down $1.60 at $133.47 as of April 10.

Apr 9Mid-America Apartments declares 129th consecutive dividend, guides flat 2026 NOI amid supply normalizationNeutral

Mid-America Apartment Communities declared quarterly dividend of $1.53 per share, marking 129th consecutive quarterly dividend and 16th consecutive year of increases. Company guided 2026 with 0.75% decline in same-store NOI and 0.55% same-store revenue growth. Management framed 2026 as transition/investment year setting up healthier 2027 growth. Q1 2026 earnings expected April 29. Settled class action lawsuit with $53 million payment in two equal installments. Stock fell 25.7% from 52-week high amid occupancy concerns. Analysts rate MAA as Buy with $148.89 price target (+19.23% upside) from 18 analysts despite supply headwinds.

Apr 8Mid-America Apartment Communities Declares $1.53 Quarterly Dividend; Q1 Earnings April 29Neutral

MAA declared quarterly common dividend of $1.53 per share, payable April 30, marking 129th consecutive quarterly dividend with no reductions or suspensions. Company is set to report Q1 2026 earnings on April 29 amid mixed analyst sentiment and 21% recent share price decline. Consensus Buy rating with $148.89 average price target, 19.23% upside.

Apr 7No significant overnight updatesNeutral

No material news in the last 48 hours.

Apr 6MAA declared $1.53 quarterly dividend - 129th consecutive payment.Neutral

MAA declared quarterly dividend of $1.53/share payable April 30, 2026 - 129th consecutive quarterly dividend, never reduced. Q1 2026 earnings April 29. Q4 2025 EPS $0.48, full-year $1.42, Core FFO $8.74/share. Multiple analyst PT cuts. Avg Buy rating PT $148.89.

Apr 3Truist cut Mid-America Apartment price target to $136 from $142 citing slower lease-up assumptions.Mixed

Truist Securities lowered its price target on Mid-America Apartment Communities to $136 from $142 while maintaining a Buy rating, reducing 2026 FFO estimates to $8.57 per share from $8.66. Truist cited aggressive development lease-up assumptions and slower national employment growth. The company announced a quarterly dividend of $1.53 per share payable April 30, 2026.

Apr 2MAA declares $1.53/share quarterly dividend (129th consecutive); Q4 2025 EPS missed consensus; 2026 Core FFO guidance $8.35-8.71.Neutral

Mid-America Apartment Communities reported Q4 2025 with 104,945 apartment units across 16 states. 2026 guidance: Core FFO $8.35-8.71, projecting -0.75% same-store NOI and +0.55% same-store revenue growth. Declared $1.53 quarterly dividend (April 30 payment), maintaining 30+ year dividend history. Morgan Stanley lowered PT to $153.50. Analyst consensus bullish: 18 analysts with avg Buy rating; PT $148.89 (+21.49%).

Apr 1Mid-America Apartment faces analyst price target cuts amid occupancy concerns; stock hit 52-week low.Negative

Morgan Stanley lowered target to $153.50 from $156 and Scotiabank cut to $138 from $140 citing occupancy concerns. REIT hit 52-week low at $120.92 with 1-year decline of -26.96%. Quarterly dividend of $1.53 per share maintained.

Sector Peers

CompanyPriceDay1MFwd P/EBetaMkt Cap
AVBAVALONBAY$183.84+0.46%+9.9%37.0x0.76$25.7B
EQREQUITY$65.31-0.11%+8.9%43.8x0.74$25.3B
ESSESSEX$263.36+0.06%+6.3%44.4x0.72$18.1B
MAAMID$128.70-0.38%+3.5%33.2x0.79$15.4B
UDRUDR$36.40+0.17%+4.5%60.6x0.72$13.7B
CPTCAMDEN$104.33-0.66%+3.9%75.5x0.85$10.6B

Key Fundamentals

Market Cap$15.4B
P/E (TTM)39.3
Forward P/E33.2
Beta0.79
Div Yield472.00%
Prev Close$129.18

RSI (14-Day)

57Neutral
0305070100

52-Week Range

$120.30$128.70$169.00
From High-23.8%
From Low+7.0%

Moving Averages

50d SMA
$127.70+0.8%
200d SMA
$133.45-3.6%

Price below 200d MA — bearish structure.

Historical Returns

1W
+3.3%
1M
+5.7%
3M
-2.8%
6M
-2.1%
1Y
-17.1%
YTD
-6.5%

Volume

Today565K
20d Avg701K
Ratio0.81x