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 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.

Although the revenue and EPS for Mid-America Apartment Communities (MAA) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Mid-America Apartment Communities (MAA) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Mid-America Apartment Communities (MAA) came out with quarterly funds from operations (FFO) of $2.22 per share, beating the Zacks Consensus Estimate of $2.20 per share. This compares to FFO of $2.28 per share a year ago.

Mid-America Apartment Communities (MAA) Q2 FFO and Revenues Beat Estimates

GERMANTOWN, Tenn. , July 31, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced operating results for the quarter ended June 30, 2024.

MAA REPORTS SECOND QUARTER 2024 RESULTS

While Mid-America Apartment (MAA) is likely to have experienced decent demand, the rising supply of rental units and high interest expenses are likely to have played a spoilsport in Q2.

What's in Store for Mid-America Apartment (MAA) in Q2 Earnings?

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Mid-America Apartment Communities is a real estate investment trust focusing on multifamily homes in the Southeast, Southwest, and Mid-Atlantic regions. Occupancy rates are starting to cool due to increased supply, leading to lower pricing power for apartment communities like MAA. Labor market softening and bullish bets on rate cuts are not enough to justify a strong investment case for MAA, warranting a downgrade to "hold."

Mid-America Apartment Communities: Prospect Of Lower Rates Is Not Enough Of A Catalyst For Me (Rating Downgrade)

A well-diversified portfolio, and redevelopment and technology initiatives are likely to support Mid-America's (MAA) performance, though high supply and elevated interest rates remain concerns.

Here's Why You Should Retain Mid-America (MAA) in Your Portfolio

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GERMANTOWN, Tenn. , July 3, 2024 /PRNewswire/ -- MAA (NYSE: MAA) announced today that the Company expects to release its second quarter 2024 results on Wednesday, July 31, 2024, after market close and will hold a conference call on Thursday, August 1, 2024, at 9:00 a.m.

MAA Announces Date of Second Quarter 2024 Earnings Release, Conference Call

In our last coverage, we suggested that investors could start averaging into MAA under $120.00. The Q1-2024 results showed a decline in adjusted FFO due to expenses rising faster than revenues. We tell you why we expect a lot more pain ahead for the FFO and give you our adjusted entry point.

Mid-America Apartments: Supply Hits Sunbelt Hard, More FFO Drop In 2025-2026

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