MAA announces quarterly preferred dividend of $1.0625 per share

GERMANTOWN, Tenn. - Mid-America Apartment Communities, Inc. (NYSE:MAA), a $17 billion market cap REIT with a strong dividend track record spanning 32 years, announced Tuesday it will pay a quarterly dividend of $1.0625 per share on its 8.50% Series I Cumulative Redeemable Preferred Stock.

The dividend will be paid on September 30 to shareholders of record as of September 15, according to a company press release.

MAA, a self-administered real estate investment trust (REIT) and member of the S&P 500, primarily owns apartment communities throughout the Southeast, Southwest and Mid-Atlantic regions of the United States.

The company focuses on delivering investment performance across market cycles. MAA’s preferred stock dividends represent a fixed income component of its shareholder return strategy.

As a REIT, MAA is required to distribute a significant portion of its taxable income to shareholders annually in the form of dividends.

In other recent news, Mid-America Apartment Communities reported its second-quarter 2025 earnings, with an earnings per share (EPS) of $0.92, exceeding analyst expectations of $0.88. However, the company’s revenue slightly missed forecasts, reaching $549.9 million compared to the anticipated $551.49 million. Analysts at Citizens JMP maintained a Market Outperform rating on the company, setting a price target of $170.00, after MAA’s Core FFO of $2.15 per share came in slightly below their estimate but above the consensus forecast. Truist Securities lowered its price target for the company to $158.00 from $171.00, citing a more conservative outlook due to slumping national employment growth. Meanwhile, Mizuho upgraded the stock from Neutral to Outperform, despite reducing its price target to $150.00, expecting accelerating rent and FFO per share growth. KeyBanc also adjusted its price target, lowering it to $170.00 from $180.00, reflecting expectations of a gradual recovery in Sunbelt apartment fundamentals. These developments highlight varied analyst perspectives on Mid-America Apartment Communities’ future performance.

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