Germantown, Tennessee-based Mid-America Apartment Communities, Inc. (MAA) is a real estate investment trust (REIT) that owns, acquires, develops, manages and redevelops multifamily apartment communities. Valued at a market cap of $15.3 billion, the company targets high-growth Sunbelt markets and emphasizes a full-cycle, technology-enabled operating platform.
This residential REIT has considerably underperformed the broader market over the past 52 weeks. Shares of MAA have declined 17.6% over this time frame, while the broader S&P 500 Index ($SPX) has gained 13.7%. Moreover, on a YTD basis, the stock is down 15.7%, compared to SPX’s 13.4% uptick.
