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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Mid-America Apartment Communities, Inc. (MAA) Q4 2023 Earnings Call Transcript

Mid-America Apartment's (MAA) Q4 results reflect an increase in the average effective rent per unit and a decline in average physical occupancy for the same-store portfolio.

Mid-America Apartment (MAA) Q4 FFO Beat, '24 View Issued

While the top- and bottom-line numbers for Mid-America Apartment Communities (MAA) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Mid-America Apartment Communities (MAA) Reports Q4 Earnings: What Key Metrics Have to Say

Mid-America Apartment Communities (MAA) came out with quarterly funds from operations (FFO) of $2.32 per share, beating the Zacks Consensus Estimate of $2.30 per share. This compares to FFO of $2.32 per share a year ago.

Mid-America Apartment Communities (MAA) Beats Q4 FFO Estimates

GERMANTOWN, Tenn. , Feb. 7, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced operating results for the quarter ended December 31, 2023.

MAA REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS

Mid-America Apartment's (MAA) Q4 results are likely to reflect the healthy demand for apartment units in its markets despite the rising supply.

What's in Store for Mid-America Apartment (MAA) in Q4 Earnings?

Mid-America Apartment (MAA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Mid-America Apartment (MAA) Might Surprise This Earnings Season

Evaluate the expected performance of Mid-America Apartment Communities (MAA) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Curious about Mid-America Apartment Communities (MAA) Q4 Performance? Explore Wall Street Estimates for Key Metrics

AvalonBay Communities

Camden Property

Equity Residential

JBG SMITH Properties

U.S. landlords who use RealPage products to set prices on rental apartments are facing accusations of collusion.

Why U.S. renters are taking corporate landlords to court

Blackstone Group

Digital Realty Trust

STAG Industrial

Tricon Residential

Billionaire Stephen A. Schwarzman, CEO/co-founder of Blackstone, is bullish on REITs. He has been pouring 10s of billions into REITs via Blackstone. They just closed another buyout and I expect many more in 2024.

Billionaire Investor Is Buying REITs (And You Should Too)

Multifamily REITs have underperformed the MSCI U.S. REIT Index due to rising interest rates and record-high apartment deliveries in Sun Belt markets. Coastal multifamily REITs are expected to perform better in 2024, but the market has already priced in the difference.

Multifamily REITs: Navigating The Sun Belt Amid Record Supply

CTO Realty Growth

Independence Realty Trust

InvenTrust Properties Corp

Vanguard Real Estate ETF

Whitestone REIT

The Sunbelt region is experiencing rapid population growth. This has also led to a surge in construction activity, particularly in the multifamily property sector. However, retail real estate is underbuilt. We highlight our Top Picks.

Our Favorite REITs For Sunbelt Real Estate

Costco

JPMorgan Chase & Co

LVMH Moet Hennessy Louis Vuitton

Visa

Watsco

Dividend stocks are one of the easiest paths to passive income. You just have to buy equities, hold onto them, monitor them from time to time, and get paid.

Wall Street Favorites: 7 Dividend Stocks With Strong Buy Ratings for January 2024

GERMANTOWN, Tenn. , Jan. 29, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., ("MAA") (NYSE: MAA) a leading multifamily real estate investment trust, announced today that the executive leadership team at MAA took part in ringing the Closing Bell® at the New York Stock Exchange (NYSE) on Monday, January 29, 2024, to recognize the company's 30-year anniversary as a public company.

MAA Recognizes 30 Years as A Publicly Traded Company

We had previously suggested that we would consider Mid-America Apartment Communities a buy below $140.00. MAA stock dropped significantly, hitting a low of $115.56. We stayed out and we explain why.

Mid-America Apartment Communities: Apartment Avalanche Will Result In Big Downgrades To Outlook

Mid-America Apartment Communities, Inc. offers attractive opportunities in the real estate sector with a blended P/AFFO of 15.85x and a dividend yield of 4.49%. The demand for apartment homes, particularly in the Sun Belt, has increased due to a lack of housing affordability and the work-from-home phenomenon. MAA has a strong balance sheet, a history of consistent dividends, and is well-positioned for growth with redevelopment opportunities and acquisitions in the pipeline.

Buy Mid-America Apartment Communities While Real Estate Pessimism Is High

EPR Properties

Prologis

Fading supply headwinds could give Prologis a boost. Resurgent rent growth could cause MAA's stock to rebound.

These 3 Dividend Stocks Are Set to Soar in 2024 and Beyond

Mid-America Apartment Communities operates over 100,000 rental units in the US, with strong demand in the south and southeast.

Mid-America Apartment Communities: A Society Of Renters Amid High Rates And Prices

Mid-America Apartment Communities is a residential REIT with a well-diversified portfolio of apartments and a historical performance depicting a steadily growing business. It also has low leverage, very strong liquidity, and a high-quality dividend profile. But more importantly, its shares are trading at a significant discount to NAV, making it an excellent value pick.

Mid-America Apartment Communities: Great Quality At A Great Price

GERMANTOWN, Tenn. , Jan. 18, 2024 /PRNewswire/ -- MAA (NYSE: MAA) announced today that the Company expects to release its fourth quarter and full-year 2023 results on Wednesday, February 7, 2024, after market close and will hold a conference call on Thursday, February 8, 2024, at 9:00 a.m.

MAA Announces Date of Fourth Quarter and Full-Year 2023 Earnings Release, Conference Call

GERMANTOWN, Tenn. , Jan. 16, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc. or MAA (NYSE: MAA) today announced the taxable composition of the 2023 distributions paid to shareholders.

MAA Announces Taxable Composition of 2023 Distributions

Alexandria Real Estate Equities

Realty Income Corp

The window of opportunity is closing for investors to capitalize on the cheap valuations of real estate investment trusts (REITs) before the Fed cuts interest rates. Despite inflation spiking in December, institutions like Goldman Sachs (NYSE: GS ) predict that there will be five rate cuts this year, with the first one beginning in March.

Debt Trap or Dividend Dream? 3 REITs Navigating the Rising Rate Maze

Agree Realty

American Homes 4 Rent

EastGroup Properties

Essential Properties Realty Trust Inc

Extra Space Storage

Gaming and Leisure Properties

National Retail Properties

Rexford Industrial Realty

Spirit Realty Capital

Vici Properties

Investing in REITs primarily for high income can be risky as higher yields often correspond with higher risk. REITs with a low cost of capital can buy higher quality properties, while those with a higher cost of capital are often caught in a vicious cycle of declining quality. Several net lease REITs show the dangers of getting caught in the Vicious Cycle as well as the rewards that flow from achieving the Virtuous Cycle.

The Virtuous Cycle: Why I Love 'Expensive' REITs

Essex Property Trust

Vacancy rips higher. Near pandemic levels. Pressure will last for at least a year. Some opportunities are developing.

Vacancy Rising For Apartment REITs

Apartment Income REIT Corp

JPMorgan BetaBuilders MSCI US REIT ETF

Clipper Realty

Centerspace REIT

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Elme Communities

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

iShares Cohen & Steers REIT ETF

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Neuberger Berman Real Estate Securities Income Fund Inc

NexPoint Residential Trust

US Diversified Real Estate ETF

Invesco Active US Real Estate

ALPS Active REIT ETF

ProShares Short Real Estate

Apartment REITs were among the weakest-performing property sectors for a second-straight year in 2023 - lagging even the battered office sector - despite delivering another year of mid-single-digit earnings growth. Following two years of record-setting rent growth, residential rents decelerated in 2023 alongside a broader cooling of inflationary pressures, with multifamily rents seeing a particularly sharp cooldown amid supply headwinds. The wave of pandemic-era development - started at a time when rents were rising double-digits - resulted in a record year of new deliveries in 2023 with similarly elevated supply levels.

Apartment REITs: A Renter's Market

News for Mid-America Apartment Communities Stock (MAA)