HIGHBuilt-inProperty_type
multifamily sector
“10-K Item 1A: 'substantially all of our investments are concentrated in the multifamily sector'”
MAA · Concentration risk · 10-K extracted
Mid-America Apartment Communiti (MAA) concentration risks
Updated
The most significant concentration Mid-America Apartment Communiti discloses is multifamily sector, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Mid-America Apartment Communiti’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
top five markets (Atlanta, Dallas, Austin, Charlotte, Orlando)
“10-K Item 1A: 'approximately 41.2% of our portfolio ... was located in our top five markets: Atlanta, Georgia; Dallas, Texas; Austin, Texas; Charlotte, North Carolina; and Orlando, Florida'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile combines a property-type focus and a regional geographic tilt. Substantially all investments are concentrated in the multifamily sector, a high-share exposure that is structural in character — this reflects a deliberate strategy rather than reliance on any individual counterparty. The business was built around multifamily, so the exposure is durable and unlikely to shift absent a fundamental change in investment mandate. Layered on the property-type focus is a moderate geographic tilt: approximately 41.2% of the portfolio was located in the top five markets — Atlanta, Georgia; Dallas, Texas; Austin, Texas; Charlotte, North Carolina; and Orlando, Florida — a medium-share exposure that is also structural. These markets share broad characteristics (Sun Belt growth dynamics, migration inflows) rather than representing a single-city idiosyncratic bet, which diffuses the risk somewhat within the regional tilt. Still, a simultaneous downturn in Sun Belt apartment fundamentals would affect a meaningful share of the portfolio without geographic offsets elsewhere. Together, the two exposures compound rather than diversify each other: a downturn in multifamily demand concentrated in the Sun Belt markets would flow through nearly all of the portfolio simultaneously. There is no disclosed customer, supplier, or counterparty concentration to add further complexity. The key variables to monitor are Sun Belt supply-demand dynamics and multifamily rent trends in those five markets specifically.
For the engine’s reasoning on MAA’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Residential
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AMH | American Homes 4 Rent | 2 | 0 | 0 | 2 |
| MAA● | Mid-America Apartment Communiti | 1 | 1 | 0 | 2 |
| CPT | Camden Property Trust | 1 | 0 | 0 | 1 |
| ELS | Equity Lifestyle Properties, In | 0 | 1 | 3 | 4 |
| EQR | Equity Residential | 0 | 1 | 0 | 1 |
| AVB | AvalonBay Communities, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.