Mid-America Apartment Communities

Mid-America Apartment Communities, Inc. is a real estate investment trust. The firm engages in the operation, acquisition and development of apartment communities. It operates through the following segments: Same Store Communities and Non-Same Store and Other. The Same Store Communities segment focuses on communities that the company has owned. The Non-Same Store and Other segment include recent acquisitions, communities in development or lease-up. The company was founded in 1994 and is headquartered in Germantown, TN.

Earnings data Q1 2021

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Earnings data Q4 2022

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Earnings data Q1 2024

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Earnings data Q4 2024

Mid-America Apartment Communities exceeds Q4 expectations, eyes growth opportunities

MAA's Q4 2022 earnings call highlighted strong performance, growth projections for 2023, and strategic initiatives to navigate challenges. The company remains optimistic about rent growth, despite market uncertainties and expense pressures. Opportunities in non-stabilized assets, smart technology, and strategic asset sales are key focus areas for future growth.

MAA surpasses Q1 expectations, eyes distressed market opportunities

MAA's Q1 performance exceeded expectations with strong revenue growth and core FFO per share.
The company faces challenges in debt financing, potential impacts of job growth, and rising insurance costs.
Opportunities lie in distressed market acquisitions, leverage growth, and accelerating lease spreads.
Overall, MAA's strategic strengths position it well for future growth and value creation.

Mid-America Apartment Communities (MAA) reports strong Q2 performance and navigates supply challenges

Mid-America Apartment Communities (MAA) reported strong financial performance with core FFO outperformance and steady occupancy. The company faces challenges from supply pressure impacting markets and concessions in certain areas. MAA remains patient in investment decisions and sees opportunities in rent growth and demand trends.

MAA surpasses Q3 expectations, eyes acquisition opportunities amid challenges

MAA's strong Q3 performance reflects resilience in the face of supply pressures and market challenges.
Market diversification and strategic initiatives position MAA well for future growth and acquisition opportunities.
Challenges like fraud and rising interest rates are being addressed with proactive measures and market insights.
Anticipated stable demand and moderation in costs offer a positive outlook for MAA's performance in the coming quarters.

Mid-America Apartment Communities beats Q4 expectations, eyes growth opportunities

MAA's strong Q4 performance driven by operational improvements and strategic acquisitions. Challenges in specific markets require careful navigation, while opportunities lie in acquisitions and tech investments for future growth. Management's focus on dividend growth and balance sheet strength remains key.

Mid-America Apartment Communities (MAA) reports solid Q1 performance and eyes growth opportunities

Mid-America Apartment Communities (MAA) remains resilient in the face of supply pressures, focusing on strong renewal rates and strategic acquisitions. The company anticipates a leasing recovery in early 2025 and maintains core FFO guidance for the year. MAA's emphasis on resident services and technology positions it well for future growth.

Mid-America Apartment Communities (MAA) surpasses Q3 expectations amidst supply pressure

MAA's Q3 performance exceeded expectations with strong same-store NOI and occupancy growth. Despite challenges from supply pressure, the company remains optimistic about leasing conditions and growth opportunities in high-demand markets.

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Mid-America Apartment Communities, Inc. is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year. The Non-Same Store segment includes recent acquisitions, communities in development or lease-up. The company was founded in 1994 and is headquartered in Germantown, TN.

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A 'buy right and hold tight' strategy is likely a good fit for most investors, avoiding frequent trading and capital gains taxes. Mid-America Apartment Communities is a strong long-term investment due to its diversified, high-growth Sunbelt portfolio and strong historical performance. MAA's solid balance sheet, attractive development pipeline, and potential undervaluation make it a compelling buy-and-hold investment.

Mid-America Apartment: A Sunbelt Gem With Dividend Power And Growth Potential

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Mid-America Apartment shares have rallied 31% since March due to falling interest rates and signs of rental rate stabilization, outperforming the market's 8% gain. Interest rates significantly impact MAA's performance; lower rates have boosted shares, but rate cuts are now largely expected by markets. MAA's fundamentals show stabilizing revenue and expenses, with potential for low single-digit growth in 2025 as supply issues ease.

Interest Rate-Driven Rally Leaves Mid-America Apartment Less Attractive (Rating Downgrade)

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A well-diversified portfolio, and redevelopment and technology initiatives are likely to support MAA. High supply and elevated interest rates are concerns.

Solid Demand Boosts Mid-America Apartment Despite Supply Woes

GERMANTOWN, Tenn. , Sept. 9, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced that members of MAA senior management will participate in a round table presentation at the BofA Securities 2024 Global Real Estate Conference.

MAA to Participate in the BofA Securities 2024 Global Real Estate Conference

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GERMANTOWN, Tenn. , Sept. 3, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced a full quarterly dividend of $1.0625 per outstanding share of its 8.50% Series I Cumulative Redeemable Preferred Stock.

MAA Announces Regular Quarterly Preferred Dividend

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Mid-America Apartment (MAA) is poised to benefit from the healthy operating fundamentals of Sunbelt markets, development and redevelopment efforts and technology initiatives.

Mid-America Apartment (MAA) Up 13.6% YTD: Will It Rise Further?

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The Mid-America Apartment Communities, Inc. markets are still exposed to unfavorable supply and demand dynamics. However, the company has registered growth despite these headwinds. Already now, we can observe some first signs of the surplus supply being absorbed in the system, and becoming insufficient due to previous periods of underinvestment. Mid-America Apartment Communities has stepped up its organic and M&A growth agenda to capitalize on this, once the inflection point arrives.

Mid-America Apartment: No Reason To Wait For Supply Demand Inflection Point, Buy Now

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Mid-America Apartment Communities, Inc. (NYSE:MAA ) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Andrew Schaeffer - SVP, Treasurer & Director, Capital Markets Eric Bolton - Chairman & CEO Brad Hill - President & CIO Tim Argo - EVP, Chief Strategy & Analysis Officer Clay Holder - EVP & CFO Rob DelPriore - EVP, CAO & General Counsel Joe Fracchia - EVP, Chief Technology & Innovation Officer Conference Call Participants Eric Wolfe - Citi Nick Yulico - Scotiabank Josh Dennerlein - Bank of America Michael Goldsmith - UBS Jamie Feldman - Wells Fargo Richard Anderson - Wedbush Austin Wurschmidt - KeyBanc Capital Markets John Kim - BMO Capital Markets Haendel St. Juste - Mizuho Alexander Goldfarb - Piper Sandler Adam Kramer - Morgan Stanley Omotayo Okusanya - Deutsche Bank Ann Chan - Green Street Linda Tsai - Jefferies Operator Good morning, and welcome to Mid-America Apartment Communities or MAA's Second Quarter 2024 Earnings Conference Call. During management's prepared remarks, all participants will be in a listen-only mode.

Mid-America Apartment Communities, Inc. (MAA) Q2 2024 Earnings Call Transcript

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