Valued at a market cap of $18.8 billion, Mid-America Apartment Communities, Inc. (MAA) is a REIT focused on owning, managing, and developing high-quality apartment communities across the Southeast, Southwest, and Mid-Atlantic U.S. As of Sept. 30, 2024, MAA owned 104,469 apartment units across 16 states and the District of Columbia.
Shares of the Memphis, Tennessee-based company have outperformed the broader market over the past 52 weeks. MAA has gained 17.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 11.9%. Moreover, shares of Mid-America Apartment are up 3.7% on a YTD basis, compared to SPX’s 1% gain.
