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 Q3 2023

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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.

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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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REITs are under pressure due to rising interest rates. However, most economists expect the Fed to start cutting rates in 2024. Mid-America Apartment Communities' share price has dropped almost 50% since December 2021. However, the underlying business remains strong with dividends increasing by 40% since then. MAA has a sustainable business model with high-quality properties, underpinned by a strong balance sheet and ample resources for opportunistic growth.

Mid-America Apartment Communities: Undervalued With An Attractive Yield Close To 5%

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Inflation, economic growth, and elevated rates are challenging the current economic environment. Morgan Stanley and Goldman Sachs predict volatile trading and recommend dividends as a potential area of investment. Mid-America Apartment Communities is highlighted as a strong REIT option with a track record of returns, a well-diversified portfolio, and a healthy balance sheet.

Mid-America Apartment Communities: A Sunbelt SWAN

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Brad Thomas Laser Focused On Earnings And REITs

Mid-America Apartment Communities, Inc. (NYSE:MAA ) Q3 2023 Earnings Conference Call October 26, 2023 10:00 AM ET Company Participants Andrew Schaeffer - Senior Vice President, Treasurer & Director, Capital Markets Eric Bolton - Chairman & Chief Executive Officer Brad Hill - Executive Vice President & Chief Investment Officer Tim Argo - Executive Vice President, Chief Strategy & Analysis Officer Clay Holder - Senior Vice President & Chief Accounting Officer Al Campbell - Executive Vice President & Chief Financial Officer Joe Fracchia - Executive Vice President and Chief Technology & Innovation Officer Conference Call Participants Michael Goldsmith - UBS Austin Wurschmidt - KeyBanc Eric Wolfe - Citi Jamie Feldman - Wells Fargo Nick Yulico - Scotiabank John Kim - BMO Joshua Dennerlein - Bank of America John Pawlowski - Green Street Brad Heffern - RBC Capital Markets Connor Mitchell - Piper Sandler Anthony Powell - Barclays Wes Golladay - Baird Linda Tsai - Jefferies Operator Good morning ladies and gentlemen and welcome to the MAA Third Quarter 2023 Earnings Conference Call. During the presentation, all participants will be in a listen mode.

Mid-America Apartment Communities, Inc. (MAA) Q3 2023 Earnings Call Transcript

Mid-America Apartment's (MAA) Q3 results reflect an increase in the average effective rent per unit for the same-store portfolio.

Mid-America Apartment (MAA) Q3 FFO & Revenues Beat Estimates

Mid-America Apartment Communities (MAA) came out with quarterly funds from operations (FFO) of $2.29 per share, beating the Zacks Consensus Estimate of $2.28 per share. This compares to FFO of $2.19 per share a year ago.

Mid-America Apartment Communities (MAA) Q3 FFO and Revenues Beat Estimates

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 September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Mid-America Apartment Communities (MAA) Q3 Earnings: A Look at Key Metrics

GERMANTOWN, Tenn. , Oct. 25, 2023 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced operating results for the quarter ended September 30, 2023.

MAA REPORTS THIRD QUARTER 2023 RESULTS

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New Opportunities Amidst Crashing REITs

Mid-America Apartment's (MAA) Q3 earnings are likely to have gained from the healthy demand for its apartment units and technological initiatives. However, elevated supply might have hurt it.

Key Factors to Impact Mid-America Apartment's (MAA) Q3 Earnings

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Mid-America Apartment Communities has seen its share price decline along with other REITs due to concerns about higher interest rates. MAA focuses on secondary markets with high population growth and has given investors a higher total return compared to peers. Its ability to adjust rent for inflation and its strong balance sheet make it an attractive investment in the current environment.

Mid-America Apartment: You Get Value, Growth, And Dividend Growth

Mid-America Apartment Communities is the largest Sunbelt apartment REIT with a well-diversified portfolio and a strong balance sheet. MAA's conservatism in debt management, portfolio growth, and dividend coverage makes it appealing for long-term dividend growth investors. The market's concerns about the wave of new supply in MAA's markets are largely misguided, and the stock price decline presents a buying opportunity.

Mid-America Apartment Communities: Advantages Being Ignored Amid Supply Glut

GERMANTOWN, Tenn. , Oct. 5, 2023 /PRNewswire/ -- MAA (NYSE: MAA) announced today that the Company expects to release its third quarter 2023 results on Wednesday, October 25, 2023, after market close and will hold a conference call on Thursday, October 26, 2023, at 9:00 a.m.

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

REITs are currently trading at low prices, presenting a great buying opportunity for investors. The article advises investors to focus on quality and proper diversification when buying REIT stocks. I recommend three specific REITs: MidAmerica Apartment Communities, Realty Income, and Prologis.

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Mid-America Apartment Communities' preferred stock is offering an 8.0% dividend, which is safe in my view. The REIT has a strong business model, with consistent growth and a healthy balance sheet. The investors who lock in the yield now will probably be rewarded if/when interest rates decrease.

The 8.0% Preferred Dividend Of Mid-America Apartment Communities Is A Great Bargain

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Mid-America Apartment shares have underperformed due to concerns about rental inflation and rising interest rates. Their strong occupancy levels and ability to support dividend growth make it attractive for income-oriented investors. The company is well-positioned to manage through the supply wave in the apartment rental segment and generate better-than-average rent performance.

Mid-America Apartment Can Withstand Rental Market Slowing

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News for Mid-America Apartment Communities Stock (MAA)