Mid-America Apartment Communities Reveals Taxation Details for 2024 Shareholder Distributions

On January 21, 2025, Mid-America Apartment Communities, Inc. (MAA), listed on the New York Stock Exchange as MAA, announced the taxable composition related to the distributions for the year 2024. This information is crucial for shareholders as it outlines the different types of income they can expect from their investments in MAA.

The company made it clear that the distributions paid to shareholders will not include any return of capital for 2024, indicating a strong operational performance. Additionally, MAA did not incur any foreign taxes during the year, making all distribution classifications applicable to U.S. shareholders.

Here are the notable details related to the distributions:

- Common Stock (CUSIP 59522J103): The record and payout dates along with the cash distribution per share of $1.47 were consistent throughout the year. Each share of common stock will yield approximately 98.61% as an ordinary taxable distribution with a slight fraction, around 1.39%, classified as long-term capital gains. This pattern holds for all payout dates in January, April, July, and October.
- Preferred Stock (MAA/PI) (CUSIP 59522J889): For the 8.5% Series I Cumulative Redeemable Preferred Stock, shareholders can expect similar cash distributions of $1.0625 per share for the payouts in April, July, October, and December. The classifications show an almost identical breakdown: about 98.61% as ordinary taxable distributions and 1.39% as long-term capital gains.

It is important for shareholders to consult their personal tax advisors to fully understand the implications of these distributions on their individual tax situations. The breakdown is designed to assist those required to fill out Forms 1099, detailing the dividends received.

MAA continues to maintain a strong position as a self-administered real estate investment trust (REIT), dedicated to delivering significant investment performance through the management, acquisition, and redevelopment of apartment communities across various regions in the United States including the Southeast, Southwest, and Mid-Atlantic.

As a member of the S&P 500, the company regularly informs shareholders and investors about its financial operations, providing transparency and support through its communications. MAA remains optimistic about its future earnings, and no substantial changes in the taxable distribution structure for 2024 are anticipated, following the preliminary work conducted on tax filings. However, stakeholders should always be wary of potential risks that could affect actual results.

In light of these disclosures, MAA wishes to reassure its investors that they are working diligently to provide accurate information as they finalize their filings, enabling investors to make informed decisions regarding their portfolio. Shareholders are encouraged to stay tuned for further updates.