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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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.

Mid-America Apartment Communities is a Sunbelt multifamily pure-play. The company has one of the best balance sheets of all REITs and has seen a tremendous quarter with double-digit YoY growth. I present my buy thesis and suggest an alternative Sunbelt REIT.

Mid-America Apartment Communities: Attractively Priced With A Fortress Balance Sheet

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If I Could Only Own 7 REITs, It Would Be These

Mid-America Apartment Communities, Inc. (NYSE:MAA ) Q2 2023 Results Conference Call July 27, 2023 10:00 AM ET Company Participants Andrew Schaeffer - SVP, Treasurer & Director, Capital Markets Eric Bolton - President, CEO Tim Argo - Chief Strategy & Analysis Officer Al Campbell - CFO Rob DelPriore - CAO, General Counsel Brad Hill - CIO Conference Call Participants Eric Wolfe - Citi Alex Goldfarb - Piper Sandler Anthony Powell - Barclays Austin Wurschmidt - KeyBanc Brad Heffern - RBC Capital Markets Jamie Feldman - Wells Fargo John Pawlowski - Green Street John Kim - BMO Capital Markets Michael Goldsmith - UBS Nick Yulico - Scotiabank Rob Stevenson - Janney Operator Good morning, ladies and gentlemen, and welcome to the MAA Second Quarter 2023 Earnings Conference Call. [Operator Instructions].

Mid-America Apartment Communities, Inc. (MAA) Q2 2023 Earnings Call Transcript

GERMANTOWN, Tenn. , July 26, 2023 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced operating results for the quarter ended June 30, 2023.

MAA REPORTS SECOND QUARTER 2023 RESULTS

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GERMANTOWN, Tenn. , July 6, 2023 /PRNewswire/ -- MAA (NYSE: MAA) announced today that the Company expects to release its second quarter 2023 results on Wednesday, July 26, 2023, after market close and will hold a conference call on Thursday, July 27, 2023, at 9:00 a.m.

MAA Announces Date of Second Quarter 2023 Earnings Release, Conference Call

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Mid-America Apartment has had a rough time since the late 2021 market peak. The fundamentals though are sound and the company has continued to execute soundly. We go over what went wrong and where we would buy this.

Mid-America Apartment: Quality Player, Close To A Buy Point

We recommend holding off on investing in Mid-America Apartment Communities due to potential challenges in the rental market and a recent run-up in the REIT's value. While rising home prices and rents have benefited MAA, as more people are forced into renting, this trend may not last as the housing market starts to cool and supply increases. Rents may start to decrease along with home prices, as seen in previous economic cycles, which could pose a challenge for MAA. We advise patience and waiting for a better entry point for investment.

Mid-America Apartment Communities Could Be Pressured From A Weakening Economy (Rating Downgrade)

Apartment REITs have been the fourth-best performing REIT sector this year, outperforming the S&P 400 and 600. Despite outstanding operating performance, apartment REITs have taken a beating on share prices over the past 12 months, creating an abundance of bargains. Although multifamily housing starts and permits have increased sharply, the supply-demand picture remains favorable for apartment REITs.

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Mid-America Apartment Communities is a residential REIT giant with a market cap of around $18 billion, focused on the mid-American market and managing 276 same-store communities with close to 100,000 units. MAA has a healthy balance sheet with an A-range rating from all three major rating agencies, a debt capitalization rate of 19%, and close to $2 billion in available liquidity. The company has consistently outperformed its peers with a dividend yield of 3.7%, 117 consecutive quarters of dividend payments, and an average annual dividend growth rate of 8.1% over the past five years.

Why Mid-America Apartment Is A Superior REIT

GERMANTOWN, Tenn. , June 5, 2023 /PRNewswire/ -- Mid-America Apartment Communities, Inc. (NYSE: MAA) ("MAA" or the "Company"), today announced that Chairman and CEO, Eric Bolton, as well as other members of MAA's senior management team, will present at Nareit REIT Week: 2023 Investor Conference on Wednesday, June 7, 2023, from 11:45 a.m.

MAA to Present at Nareit REIT Week: 2023 Investor Conference

Mid-America Apartment Communities (MAA) is a high-quality residential REIT with a strong presence in growing Sunbelt markets, making it an attractive investment option. MAA has maintained high occupancy rates and experienced rent increases, with management expecting continued growth in 2023, including a 6.25% revenue growth and a matching NOI growth. The company has a solid balance sheet, low leverage, and a reliable dividend with a history of growth, making it a good pick for income-oriented investors.

Mid-America Apartment Communities: Market Level Returns With A Higher Dividend

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GERMANTOWN, Tenn., May 17, 2023 /PRNewswire/ -- Mid–America Apartment Communities, Inc., ("MAA") (NYSE: MAA) today announced that shareholders elected new directors, John Case and Tamara Fischer, to the Board of Directors at the company's 2023 Annual Meeting of Shareholders held on May 16, 2023.

MAA Shareholders Elect John Case and Tamara Fischer to Board of Directors

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