Germantown, Tennessee-based Mid-America Apartment Communities, Inc. (MAA) is a self-administered and self-managed real estate investment trust which owns, develops, acquires, and operates multi-family apartment communities in the southeast and mid-west U.S. and Texas. Valued at $19.3 billion by market cap, the company conducts third party property management, development, and construction activities through its service corporation.
Shares of this residential REIT giant have outperformed the broader market over the past year. MAA has gained 35.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 31.8%. However, in 2024, MAA’s stock rose 22.9%, compared to the SPX’s 25.8% rise on a YTD basis.
