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

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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.

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

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

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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

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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.

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Mid-America Apartment Communities has remained flat despite solid Q3 performance and changes in monetary policy. Furthermore, MAA delivered stable results with a 3.7% increase in same-store NOI, but the rate of change in NOI de-accelerated. While MAA has low duration top-line (making it less responsive to the changes in SOFR) and the near-term growth seems limited, it still remains an attractive investment.

Mid-America Apartment Communities: Long-Term Buy Despite Limited Near-Term Growth Prospects

Home prices on aggregate have held up really well despite some analysts warning that aggressive monetary tightening by the Federal Reserve would crash home prices. However, residential real estate investment trusts, which essentially own and operate residential real estate, have seen valuations dive to multi-year lows. Not only do we expect robust rent escalation and higher home prices to support higher NAV gains for MAA and CPT, but we also see room for P/FFO multiple expansion.

Residential REITs Are Setting Up For Huge Gains In 2024

MAA has been in correction territory, justifiably so. But I see brighter days ahead in the new year. The company continues to deliver on key metrics like rent growth and occupancy levels. Buying in to apartment REITs more broadly can act as a hedge against inflation.

Mid-America Apartment Communities: I'm Buying The Correction (Rating Upgrade)

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GERMANTOWN, Tenn. , Dec. 13, 2023 /PRNewswire/ -- Mid-America Apartment Communities, Inc., ("MAA") (NYSE: MAA) a leading multifamily real estate investment trust, announced today that A.

MAA Appoints Brad Hill to President and Chief Investment Officer

Mid-America's (MAA) recent dividend hike of 5% is likely to be sustainable, given the company's operational and financial strength.

Is Mid-America's (MAA) Latest Dividend Hike Sustainable?

GERMANTOWN, Tenn. , Dec. 12, 2023 /PRNewswire/ -- Mid-America Apartment Communities, Inc., (NYSE: MAA) today announced that its board of directors approved a quarterly dividend payment of $1.47 per share of common stock to be paid on January 31, 2024, to shareholders of record on January 12, 2024, representing a 5% increase over the prior rate.

MAA Announces 5% Increase to Quarterly Common Dividend

News for Mid-America Apartment Communities Stock (MAA)