Three Apartment REITs Offer July Dividends as Supply Slows

Industry

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Summary · why it matters

Three apartment REITs—Mid-America Apartment Communities, Equity Residential, and Camden Property Trust—are positioned for a stronger second half of 2026 as new multifamily supply decelerates, with all three paying dividends in July. Mid-America Apartment Communities declared its 128th consecutive quarterly dividend at a forward yield of about 4.3%, while Equity Residential posted record-low 7.8% resident turnover in the first quarter and raised its annual dividend to $2.81 per share. Camden Property Trust, under new CEO Alex Jessett, beat first-quarter earnings estimates and is aggressively buying back shares under a $600 million repurchase program. Housing starts fell from 1.522 million units in March to 1.177 million in May, a decline that historically strengthens landlord pricing power within 12 to 18 months. The three REITs offer different exposures: MAA provides the highest yield and longest dividend streak, EQR benefits from coastal market recovery, and CPT is a direct bet on a Sun Belt supply cliff.