Based in Germantown, Tennessee, Mid-America Apartment Communities, Inc. (MAA) is a real estate investment trust (REIT) that owns and operates nearly 300 apartment communities across 16 states and Washington, D.C. With a market capitalization of $15.1 billion, the company provides high-quality rental homes, amenities, and resident services across the U.S. Southeast, Southwest, and Mid-Atlantic regions.
Shares of this leading residential REIT have significantly underperformed the broader market over the past year. MAA has plunged 7.7% over this period, while the broader S&P 500 Index ($SPX) has climbed nearly 20.2%. The stock has also underperformed the index in 2026, declining 5.4% year to date, compared with the S&P 500’s 12.6% gain over the same period.
