Mid-America Apartment Communities (FRA:M2K) Dividend Payout Ratio: 1.71 (As of Mar. 2026) — Near Median

What is Mid-America Apartment Communities Dividend Payout Ratio?

Mid-America Apartment Communities FRA:M2K -0.57% 73 Dividend Payout Ratio is 1.71 as of Mar. 2026, which is 7% above its 10-year median of 1.60. GuruFocus rates FRA:M2K with a GF Score™ of 73/100 and a GF Value™ of €123.56 (Fairly Valued). The stock has 6 warning signs investors should review. Among 714 REITs companies, Mid-America Apartment Communities ranks worse than 80.11% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Mid-America Apartment Communities's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.71.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Mid-America Apartment Communities Inc is 1.94, which seems too high.

The historical rank and industry rank for Mid-America Apartment Communities's Dividend Payout Ratio or its related term are showing as below:

FRA:M2K' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.17 Med: 1.6 Max: 1.94
Current: 1.94

During the past 13 years, the highest Dividend Payout Ratio of Mid-America Apartment Communities was 1.94. The lowest was 1.17. And the median was 1.60.

FRA:M2K's Dividend Payout Ratio is ranked worse than
80.11% of 714 companies
in the REITs industry
Industry Median: 0.99 vs FRA:M2K: 1.94

As of today (2026-07-01), the Dividend Yield % of Mid-America Apartment Communities is 4.27%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Mid-America Apartment Communities was 5.03%. The lowest was 1.79%. And the median was 3.40%.

Mid-America Apartment Communities's Dividends per Share for the months ended in Mar. 2026 was €1.32.

During the past 12 months, Mid-America Apartment Communities's average Dividends Per Share Growth Rate was 2.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 10.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Mid-America Apartment Communities was 20.90% per year. The lowest was 0.00% per year. And the median was 3.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Mid-America Apartment Communities (FRA:M2K) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Mid-America Apartment Communities Dividend Payout Ratio Related Terms

Mid-America Apartment Communities Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Mid-America Apartment Communities's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mid-America Apartment Communities Dividend Payout Ratio Chart

Mid-America Apartment Communities Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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1.50

1.17

1.19

1.46

1.91

Mid-America Apartment Communities Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															1.63	1.65	1.80	3.17	1.71

FRA:M2K vs SUI, INVH, ESS: Dividend Payout Ratio Comparison

For the REIT - Residential subindustry, Mid-America Apartment Communities's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mid-America Apartment Communities Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Mid-America Apartment Communities's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Mid-America Apartment Communities's Dividend Payout Ratio falls into.

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73GF Score

Mid-America Apartment Communities Inc FRA:M2K

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Mid-America Apartment Communities Dividend Payout Ratio Calculation

Mid-America Apartment Communities's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	5.175	/	2.708
	=	1.91

Mid-America Apartment Communities's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	1.323	/	0.774
	=	1.71

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.71 mean?

Mid-America Apartment Communities (FRA:M2K) has a Dividend Payout Ratio of 1.71 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Mid-America Apartment Communities and its competitors. This is near median its historical median of 1.60. Over the past decade, Mid-America Apartment Communities' Dividend Payout Ratio has ranged from 1.17 to 1.94. According to the industry distribution chart, Mid-America Apartment Communities ranks #572 out of 714 companies in the REITs industry, placing it in the top 80.1%.

Is Mid-America Apartment Communities' Dividend Payout Ratio too high?

Mid-America Apartment Communities' current Dividend Payout Ratio of 1.71 is near median its 10-year median of 1.60. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 1.94. The REITs industry median Dividend Payout Ratio is 0.99. Mid-America Apartment Communities' value of 1.71 is 72.7% above this industry median. Based on the distribution chart, Mid-America Apartment Communities ranks #572 out of 714 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Mid-America Apartment Communities has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Mid-America Apartment Communities' Dividend Payout Ratio compare to SUI and INVH?

According to the REITs industry distribution chart, Mid-America Apartment Communities ranks #572 out of 714 companies for Dividend Payout Ratio. This places Mid-America Apartment Communities in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. Mid-America Apartment Communities' value of 1.71 is 72.7% above this benchmark. Historically, Mid-America Apartment Communities' own Dividend Payout Ratio has ranged from 1.17 to 1.94 over the past decade. While the company's 10-year median is 1.60 vs. the industry median of 0.99, Mid-America Apartment Communities has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 714 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mid-America Apartment Communities's current Dividend Payout Ratio of 1.71 is 72.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Mid-America Apartment Communities and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mid-America Apartment Communities's current Dividend Payout Ratio is 1.71, which is near median its own 10-year median of 1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Mid-America Apartment Communities stock overvalued right now?

Based on GuruFocus' analysis, Mid-America Apartment Communities (FRA:M2K) is currently considered Fairly Valued. The stock's GF Value™ is €123.56, compared to a current price of €122.15 — trading 1.1% below its estimated fair value. The current Dividend Payout Ratio is 1.71, which is near median its 10-year median of 1.60 and 72.7% above the REITs industry median of 0.99. Mid-America Apartment Communities' overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Mid-America Apartment Communities (FRA:M2K), the current Dividend Payout Ratio is 1.71 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mid-America Apartment Communities (FRA:M2K) Overvalued in 2026?

Based on GuruFocus' analysis, Mid-America Apartment Communities stock appears to be undervalued. The current stock price of €122.15 is trading 1.1% below its estimated GF Value™ of €123.56. GuruFocus considers Mid-America Apartment Communities to be Fairly Valued.

Key valuation signals for FRA:M2K:

Dividend Payout Ratio: 1.71 (near median its 10-year median of 1.60)
GF Value™: €123.56 vs. price of €122.15 (1.1% below fair value)
GF Score™: 73/100 with 6 warning signs
Industry Position: 72.7% above the REITs median (#572 of 714)

No single metric tells the full story. See the FRA:M2K stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mid-America Apartment Communities Business Description

Industry Real Estate REITs

Comparable Companies SUI INVH ESS UDR ELS AMH CPT EQR JAN AVB MRP DFM:DUBAIRESI IRT TSX:CAR.UN TSE:3269 XPAR:ALTA TSX:BEI.UN TSE:3226 IST:EKGYO TSX:KMP.UN

Other Exchanges MAApI.PFD:USA MAA:USA 0K1E:UK M2K:Germany M1AA34:Brazil

Address 6815 Poplar Avenue, Suite 500, Germantown, TN, USA, 38138

Website https://www.maac.com

Mid-America Apartment Communities Inc is a multifamily-focused, self-administered and self-managed real estate investment trust. The company owns, operates, acquires and selectively develops apartment communities located in the Southeast, Southwest and Mid-Atlantic regions of the U.S. Its business objectives are to generate a sustainable, stable and increasing cash flow that will fund its dividends and distributions through all parts of the real estate investment cycle. It operates in two segments, Same Store and Non-Same Store and Other. The majority of the revenue is derived from Same Store segment.

73GF Score

Get the complete analysis for FRA:M2K

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€122.15

Price

€123.56

GF Value

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