Welcome to our dedicated page for Mid-Amer Apt Cmntys news (Ticker: MAA), a resource for investors and traders seeking the latest updates and insights on Mid-Amer Apt Cmntys stock.
Mid-America Apartment Communities (NYSE: MAA) is a leading real estate investment trust specializing in multifamily housing across high-growth Sunbelt markets. This page serves as the definitive source for MAA-related news, offering investors and industry professionals timely updates on corporate developments.
Access official press releases and curated analysis covering earnings reports, property acquisitions, and redevelopment initiatives. Our aggregation ensures you stay informed about operational milestones, portfolio expansions, and strategic decisions shaping MAA's position in the apartment REIT sector.
All content is organized for efficient research, featuring updates on lease-up communities, capital improvement programs, and market performance trends. Bookmark this page for direct access to MAA's latest announcements and third-party analyses of their multifamily housing operations.
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Mid-America Apartment Communities, Inc. (MAA) celebrated its 30-year anniversary as a public company by ringing the Closing Bell® at the New York Stock Exchange. The company's equity market capitalization has grown to approximately $16 billion, making it the largest publicly traded apartment REIT in the United States. MAA's successful long-term performance record has resulted in an annual compounded return to shareholders of 12.6% over the past 30 years. The company also has outstanding $4.1 billion in publicly traded corporate bonds supported by a sector-leading investment-grade balance sheet, rated A- by all three credit rating agencies.
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MAA (NYSE: MAA) announced the release of its fourth quarter and full-year 2023 results on February 7, 2024, with a conference call scheduled for February 8, 2024. Company officers will review performance and conduct a Q&A session. A live webcast will be available on the 'For Investors' page of the Company's website.
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Mid-America Apartment Communities, Inc. (MAA) announced the taxable composition of the 2023 distributions paid to shareholders, with no portion expected to represent a return of capital. The company did not incur any foreign taxes. The release provides a detailed breakdown of the classifications for 2023, including record dates, pay dates, cash distributions per share, and various taxable distributions for both Common Stock and 8.5% Series I Cumulative Redeemable Preferred Stock. Shareholders are advised to consult their tax advisors for specific treatment, as the information is based on preliminary work and subject to correction.
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Mid-America Apartment Communities, Inc. (MAA) announced the pricing of $350,000,000 offering of 5.000% senior unsecured notes due March 15, 2034 under its existing shelf registration statement. The offering is expected to occur on January 10, 2024. The net proceeds will be used to repay borrowings outstanding under its unsecured commercial paper program and for general corporate purposes, including the repayment of other debt and the acquisition, development, and redevelopment of apartment communities.
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Mid-America Apartment Communities, Inc. (MAA) (NYSE: MAA) announced the promotion of A. Bradley Hill to President and Chief Investment Officer. Mr. Hill, with over 20 years of real estate experience, will oversee development, acquisition, disposition, asset management, property management, and information technology operations. He holds a BS in Management from Tulane University and an MBA with a concentration in Finance from SMU's Cox School of Business. MAA has a long-established leadership development and succession planning program, with an average tenure of 16 years among the senior leadership team.
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Mid-America Apartment Communities, Inc. (NYSE: MAA) has approved a 5% increase in its quarterly dividend payment to $1.47 per share of common stock, raising the annualized dividend payout to $5.88 per share. This marks the 14th consecutive year of dividend increase for MAA, with the payment scheduled for January 31, 2024, to shareholders of record on January 12, 2024. The announcement precedes MAA's earnings announcement expected on February 7, 2024.
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Mid-America Apartment Communities, Inc. (NYSE: MAA) declares a full quarterly dividend of $1.0625 per outstanding share of its 8.50% Series I Cumulative Redeemable Preferred Stock, payable on January 2, 2024, to shareholders of record on December 15, 2023.
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Mid-America Apartment Communities, Inc. (MAA) announced its operating results for Q3 2023. Earnings per common share - diluted were $0.94, compared to $1.05 in Q3 2022. Funds from operations (FFO) per Share - diluted were $2.16, compared to $2.19 in Q3 2022. MAA's Same Store Portfolio produced growth in revenues of 4.1% and Average Effective Rent per Unit was up 4.5%. Resident turnover remained low at 45.2%. MAA had five communities under development with a projected total cost of $642.7 million. MAA acquired a 323-unit multifamily community in Phoenix, Arizona for $102 million. MAA's balance sheet remains strong with $1.4 billion of combined cash and available capacity under MAALP's unsecured revolving credit facility.
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MAA to release Q3 2023 results on October 25, 2023, and hold conference call on October 26, 2023.
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MAA to participate in Bank of America Securities 2023 Global Real Estate Conference
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Mid-Amer Apt Cmntys Inc
NYSE:MAA
MAA Rankings
MAA Stock Data
17.98B
116.09M
0.66%
97.63%
3.49%
REIT - Residential
Real Estate Investment Trusts
United States
GERMANTOWN