Mid-America Apartment Communities, Inc.

Frequently Asked Questions About MAA

What is MAA's FFO per share?

Mid-America Apartment Communities, Inc. (MAA) reported Core FFO of $8.60 per share over the four quarters to June 30, 2026, as stated in its quarterly earnings releases filed with the SEC. Core FFO per share by quarter, trailing twelve months and year, with 1, 3, 5 and 10-year growth rates, is on this page.

What is MAA's price to FFO ratio?

MAA trades at about 13.9 times its trailing twelve-month Core FFO per share as of October 23, 2026. Price to FFO (P/FFO) is the REIT version of the P/E ratio: the share price divided by FFO per share instead of earnings per share.

Why does Mid-America Apartment Communities, Inc. report FFO instead of just net income?

Funds from operations (FFO) is net income with real estate depreciation added back and gains or losses on property sales removed, as defined by Nareit, the REIT industry body. Buildings are depreciated on the books while they often hold or gain value, so net income understates a REIT's recurring earnings. That is why Mid-America Apartment Communities, Inc. reports FFO in each quarterly earnings release, and why investors value REITs on FFO rather than EPS.

Is MAA's dividend covered by FFO?

The FFO and AFFO payout ratios on MAA's Dividend tab divide the dividends it declared by the FFO and AFFO per share it reported, by year and over the trailing twelve months. Under 100% means the reported figure covered the dividend; REITs typically pay out 70 to 90% of FFO, and the latest quarter on file is Q2 2026.