Welcome to our dedicated page for Mid-America Apartment Communities news (Ticker: MAA), a resource for investors and traders seeking the latest updates and insights on Mid-America Apartment Communities stock.
Mid-America Apartment Communities, Inc. (MAA) is a prominent real estate investment trust (REIT) specializing in the acquisition, development, and management of multifamily apartment communities across the Sunbelt region of the United States. With over 25 years in the multifamily real estate industry, MAA has grown to manage a remarkable portfolio that includes more than 47,000 apartment homes. The company operates in two main segments: Same Store, which encompasses stabilized communities owned for at least 12 months, and Non-Same Store and Other, which includes newly acquired, under development, or significantly impacted properties.
MAA prides itself on its mission to create 'a brighter view' for its residents, employees, and shareholders, a commitment reflected in its daily operations and corporate philosophy. The company is listed on the New York Stock Exchange under the symbol MAA and is a member of the S&P 500. MAA's recent financial performance highlights its robust operational efficiency, with strong leasing activity and low resident move-out rates contributing to stable revenue streams.
In terms of development, MAA has been active, funding substantial projects and expecting to initiate several new developments over the next two years. For example, during the second quarter of 2023, MAA funded $51.3 million for ongoing and planned projects, including predevelopment activities. Additionally, the company completed the lease-up of MAA LoSo in Charlotte, NC, and continues to see a strong performance in its Same Store portfolio, with lease pricing for new and renewing leases showing a positive trend.
MAA also emphasizes sustainability and technology, having installed Smart Home technology in over 93,000 units as of Q4 2023. This initiative includes smart locks, mobile control of lights and thermostats, and leak monitoring, enhancing resident convenience and operational efficiency. Furthermore, MAA's redevelopment programs focus on upgrading amenities and common areas, promising higher rent growth and market competitiveness.
Financially, MAA maintains a solid balance sheet, with significant liquidity and a consistent dividend history, marked by its 120th consecutive quarterly dividend declared in Q4 2023. The company's strategic investments and development projects are supported by a strong capital foundation, ensuring continued growth and shareholder value. MAA's leadership has been proactive in adapting to market conditions, positioning the company to capitalize on emerging opportunities in the multifamily housing sector.
Overall, MAA stands out as a leading multifamily housing provider, dedicated to delivering superior investment performance and enhancing the living experiences of its residents across the Southeast, Southwest, and Mid-Atlantic regions of the United States.
Mid-America Apartment Communities, or MAA (NYSE: MAA), will present at the 2021 Citi Virtual Global Property CEO Conference on March 8, 2021, at 11:15 a.m. Eastern Time. CEO H. Eric Bolton, Jr. will provide a company overview, followed by a Q&A session discussing market conditions and MAA's guidance. The presentation is expected to last approximately 35 minutes. A live webcast can be accessed on MAA's investor page at www.maac.com. A replay will be available post-event.
Mid-America Apartment Communities, Inc. (MAA) has announced a quarterly dividend of $1.0625 per share for its 8.50% Series I Cumulative Redeemable Preferred Stock. This dividend is set to be paid on March 31, 2021, to shareholders on record as of March 15, 2021. MAA, a member of the S&P 500, focuses on providing strong investment performance in the apartment sector across the U.S.
Mid-America Apartment Communities (MAA) reported its fourth quarter and full year results for 2020. Q4 net income available for common shareholders decreased to $82.4 million ($0.72/share) from $148.7 million ($1.30/share) in 2019. Annual net income was $251.3 million ($2.19/share), down from $350.1 million ($3.07/share). Core FFO for Q4 was $1.65/share, slightly down from $1.66/share in 2019. MAA's Same Store Portfolio showed a revenue increase of 1.8%, with average occupancy at 95.7%. The company supports residents affected by COVID-19 and declared its 108th consecutive common dividend with a 2.5% increase.
Mid-America Apartment Communities (MAA) has announced the taxable composition of its 2020 distributions to shareholders. Notably, it expects no part of these distributions to be a return of capital, and no foreign taxes were incurred. The 2020 distributions include four payments of $1.0000 per share for common stock, with a taxable distribution rate of 99.9835%. Additionally, the 8.5% Series I Cumulative Redeemable Preferred Stock distributions totaled $1.0625 per share, also with a 99.9835% taxable rate. MAA advises shareholders to consult tax advisors for individual tax treatment.
MAA (NYSE: MAA) will release its fourth quarter and full-year 2020 results on February 3, 2021, after market close. A conference call is scheduled for February 4, 2021, at 9:00 a.m. Central Time, where company officials will discuss the performance and address questions.
The call can be accessed at (877) 830-2598 domestically or +1 (785) 424-1877 internationally. A replay will be available from February 4 to February 18, 2021. Further information can be found on the company's For Investors page.
MAA (NYSE: MAA) has announced a quarterly dividend payment of $1.025 per share, set to be paid on January 29, 2021, for shareholders recorded by January 15, 2021. This represents a 2.5% increase over the previous rate, elevating the annualized dividend to $4.10 per share, marking MAA's eleventh consecutive annual increase in its common dividend. The dividend declaration occurred ahead of the company's earnings announcement, which is scheduled for January 27, 2021.
Mid-America Apartment Communities, Inc. (MAA) announced a quarterly dividend of $1.0625 per share for its 8.50% Series I Cumulative Redeemable Preferred Stock. This dividend is set to be paid on December 31, 2020, to shareholders recorded by December 15, 2020. MAA, a self-administered real estate investment trust (REIT) and an S&P 500 member, focuses on apartment communities across the Southeast, Southwest, and Mid-Atlantic U.S., aiming for notable, full-cycle investment performance.
Mid-America Apartment Communities (NYSE: MAA) announced its participation in Nareit's virtual REITworld: 2020 Annual Conference on November 17, 2020, from 8:45 a.m. ET to 9:15 a.m. ET. The presentation is available live and on demand for registered participants via the REITworld website. Additionally, presentation materials can be accessed on the company's investor page. MAA focuses on providing strong investment performance with its apartment communities across multiple U.S. regions.
Mid-America Apartment Communities (MAA) reported Q3 2020 results, revealing a net income of $59.0 million, or $0.52 per diluted share, down from $77.7 million, or $0.68 per share in Q3 2019. Core FFO for the quarter was $185.9 million, maintaining $1.57 per share. Property revenues rose by 2.1% year-over-year, driven by a 1.8% increase in average effective rent. However, operating expenses increased by 7.2%, leading to a 1.1% drop in net operating income. MAA declared its 107th consecutive dividend at $4.00 per share. Full year guidance remains withdrawn due to COVID-19 uncertainties.
MAA (NYSE: MAA) has announced the release date for its third quarter 2020 financial results, which is set for October 28, 2020, after market close. A conference call will follow on October 29, 2020, at 9:00 a.m. Central Time, where company officers will discuss the quarterly performance and answer questions. Investors can access the call via a live webcast on the company’s website, and a replay will be available for two weeks after the event. MAA is a self-administered REIT focused on managing apartment communities across the Southeast, Southwest, and Mid-Atlantic regions.
FAQ
What is the current stock price of Mid-America Apartment Communities (MAA)?
What is the market cap of Mid-America Apartment Communities (MAA)?
What is Mid-America Apartment Communities, Inc. (MAA)?
Where is MAA traded?
What are the main segments MAA operates in?
How many apartment homes does MAA manage?
What recent projects has MAA undertaken?
What sustainability initiatives does MAA have in place?
What are MAA's financial highlights?
What is MAA's mission?
How does MAA ensure growth and shareholder value?
Where can I find more information about MAA?
