◆ Preferred Stock AI

ⓘ Guide
🧭 Guided ⚡ Expert
▶ Intro Video

MAA-P-I

MID AMERICA APARTMENT COMMUNITIES INC. · Series I · REIT - Diversified
Also quoted as: MAA-I, MAAprI, MAA.PRI, MAA-PI, MAApI
$54.96
last price

About this security

MAA-P-I is a 8.5% cumulative perpetual preferred stock issued by MID AMERICA APARTMENT COMMUNITIES INC., a REIT - Diversified issuer. $50 liquidation preference, current yield 7.73%, callable from 2026-10-01.

MID AMERICA APARTMENT COMMUNITIES INC.: Mid-America Apartment Communities (MAA) is a self-administered and self-managed REIT that owns, operates, acquires, redevelops, and selectively develops multifamily apartment communities concentrated in high-growth Sun Belt markets across the southeastern, southwestern, and mid-Atlantic United States. As of year-end 2025, the company held ownership interests in approximately 104,945 apartment units, including communities under development, across 16 states and the District of Columbia. MAA generated roughly $2.21 billion in revenue in 2025, making it one of the largest publicly traded residential REITs in the country and a constituent of the S&P 500. The company concentrates on states such as Texas, Florida, Georgia, and North Carolina — a region characterized by strong population growth, favorable economic conditions, and high demand for rental housing.

Issuer page — all MID AMERICA APARTMENT COMMUNITIES INC. securities & profile →

Key Stats ✓ terms from SEC filing — verify via link below ✓ verified against SEC filing

live page · rendered 14:36:25 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current Yield
7.73%
Annual Dividend
$4.2500
Recent Market Price
$54.96
as of 2026-06-16
Disc/Prem to Par (→ screen)
Recent Ex-Date
2026-06-15
Pay Frequency
quarterly
Cumulative
Yes
Original Coupon
8.500%
Call Date
2026-10-01
Yield to Call
not callable until 2026-10-01
Yield to Worst
7.73%
Liq. Preference
$50.00
Maturity
Perpetual
Redeemable
Yes
Convertible
No
Pay Dates
15th day of each month, beginning November 15, 2002
Shares Offered (original)
1,050,000 +50,000 OA
Issued
2016-12-01
Series
I
Alt. Symbology
MAA-I, MAAprI, MAA.PRI, MAA-PI, MAApI

vs. REIT - Diversified category (121 issues): yield 7.73% vs avg 8.14% · discount +9.9% vs avg -13.9%

Quote

 MAA-P-I (preferred)MAA (common)
Last $54.96 $138.93
Change
Open$54.96$138.68
High / Low $54.96 / $54.96 $140.16 / $138.27
Prev Close
Volume689975,237
52-Week High / Low $57.55 / $51.70 $156.76 / $120.30

52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

MAA-P-I MAA (common)

Dividend History

Ex-DateAmount / Share
2026-06-15$1.062500
2026-03-13$1.062500
2025-12-15$1.062500
2025-09-15$1.062500
2025-06-13$1.062500
2025-03-14$1.062500
2024-12-13$1.062500
2024-09-13$1.062500
2024-06-14$1.062500
2024-03-14$1.062500
2023-12-14$1.062500
2023-09-14$1.062500

Performance — $10K Calculator

See what an investment in MAA-P-I would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

🔔 Get dividend & filing alerts for MAA-P-I →

Prospectus (SEC 424B5)

1,050,000 Shares % Series F Cumulative Redeemable Preferred Stock (Liquidation Preference $25 Per Share)

Use of proceeds: Net proceeds (approximately $25.2 million), together with additional borrowings under available credit lines, will be used to repurchase and retire all issued and outstanding shares of the company's 9 1/2% Series E Preferred Stock.

Full Prospectus (SEC filing) →

News — MID AMERICA APARTMENT COMMUNITIES INC.

Issuer news via Tiingo, tagged to MAA.

Related Articles

About this site

This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at
A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.
Income & dividends
Current YieldAnnual income ÷ today's price — what you'd actually earn buying now. The headline income number.
Annual Dividend / InterestTotal cash paid per share each year. A preferred pays a "dividend"; a baby bond pays "interest."
Original CouponThe annual rate set when it was issued, as a % of par (6% of $25 = $1.50/yr). Fixed stays put; floating/reset rates change later.
Pay FrequencyHow often it pays — usually quarterly, sometimes monthly or twice a year.
Recent Ex-DateOwn it before this date to receive the next payment; buy on or after and you miss that one.
Price & value
Recent Market PriceThe latest market quote, delayed at least 20 minutes.
Liquidation Preference (Par)Face value — almost always $25 (some are $50, $100, or $1,000). What you're owed if the company winds down, and the price it can be redeemed at.
Disc / Prem to ParHow far the price sits below par (a discount) or above it (a premium). A discount can add return if it's redeemed at par; a premium is what you'd lose if it is.
Call & redemption
Call DateThe first date the issuer may redeem (buy back) the share at par. Before it you're protected; after it, it can be called at any time.
RedeemableWhether the issuer has the right to buy it back at all.
Yield to CallYour annual return if bought today and redeemed at par on the call date. If it's below the current yield, a call would cost you.
Yield to WorstThe lowest of the possible outcomes (to call, to maturity, or simply held) — the cautious yield to judge by.
Dividend terms & structure
CumulativeIf a payment is skipped, a cumulative issue still owes it (and must catch up before any common dividend); a non-cumulative one does not.
Interest DeferrableOn some baby bonds the issuer may postpone interest for a period — common on junior subordinated notes.
Floating / Reset RateThe rate isn't fixed forever — after a set date it resets to a benchmark (e.g. 3-month SOFR or the 5-year Treasury) plus a spread.
MaturityFor a baby bond, the date the principal is repaid. Most preferreds are perpetual — no maturity.
ConvertibleWhether it can turn into the company's common stock. "Change-of-control conversion" means that right applies only if the company is taken over.
Conversion Price / RatioFor convertibles, the price or number of common shares each unit converts into.
SeriesThe class label from the SEC filing (e.g. Series A). Note: it can differ from the ticker letter.
IssuedThe date the security first settled — when it came to market.
Shares OfferedHow many shares (or depositary shares) were sold in the original offering.
Finding your way around
SearchLook up any symbol or company in the box at the top.
Lists & ScreenerBrowse by highest yield, largest discount, monthly payers, ETFs and more.
Ask the dataThe chat box answers plain questions like “highest-yield monthly REIT under par.”
$10K CalculatorSee what a past investment would be worth today.

This is information, not investment advice.

★ Save your favorites

No password needed — just your email. We'll remember the preferreds you star so they're waiting when you come back. Next time, enter the same email to pull up your whole list anywhere.

💬 Ask the data
Preferred Stock Assistant
Ask me anything — e.g. "highest-yield monthly REIT preferred under par" or "what if I'd put $10k in SACH-P-A in 2022?"
Theme Original Apex Nova Aurora Lumen Brutalist