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 (MAA) announced strong operating results for Q1 2023, reporting an earnings per share of $1.16, up from $0.95 in Q1 2022. Funds from Operations (FFO) per share increased to $2.31, and Core FFO per share rose to $2.28. The Same Store Portfolio saw property revenues grow by 11.0%, while operating expenses increased by 8.3%, leading to a 12.5% rise in Net Operating Income (NOI). MAA's balance sheet remains strong with a Net Debt/Adjusted EBITDA ratio of 3.50x. The company is developing six new communities with an estimated cost of $731.5 million. MAA declared its 117th consecutive quarterly dividend at a rate of $5.60 per share. For 2023, MAA updated its guidance for earnings and FFO.
MAA (NYSE: MAA) has announced that it will release its first quarter 2023 results on April 26, 2023, after market close. A conference call is scheduled for April 27, 2023, at 9:00 a.m. Central Time, where company officials will discuss performance and answer questions. Investors can access the live webcast through MAA's website.
The replay of the conference call will be available until May 11, 2023. MAA is a self-administered real estate investment trust focusing on the ownership and management of apartment communities mainly located in the Southeast, Southwest, and Mid-Atlantic regions of the U.S.
Mid-America Apartment Communities (MAA) announced the appointment of Deborah H. Caplan to its Board of Directors, effective March 21, 2023. This appointment fills a vacancy left by a previous director's departure on December 31, 2022 and maintains the Board's size at twelve members. Caplan brings extensive expertise in human capital, workforce initiatives, and real estate, previously serving as Executive VP at NextEra Energy. Her appointment is expected to enhance MAA's oversight and support its ESG strategy. Caplan will also serve on the Compensation Committee, with her nomination for shareholder approval at the upcoming annual meeting.
MAA (NYSE: MAA), based in Germantown, TN, announced a quarterly dividend of $1.40 per share to be paid on April 28, 2023, for shareholders of record on April 14, 2023. This announcement comes ahead of MAA's earnings report, scheduled for April 26, 2023. MAA is a self-administered real estate investment trust (REIT), primarily focused on apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the U.S. The company aims to deliver strong investment performance, although dividends are subject to risks, including economic downturns and changes in interest rates.
Mid-America Apartment Communities, Inc. (NYSE: MAA) announced its participation in the 2023 Citi Global Property CEO Conference on March 7, 2023. The session will feature a company overview presented by H. Eric Bolton, Jr., the Chairman and CEO, followed by a live question-and-answer segment focusing on market conditions and MAA's guidance. The presentation is scheduled for 9:15 a.m. Eastern Time and will last approximately 35 minutes, accessible via MAA's investors page at www.maac.com. A replay will be available post-event.
Mid-America Apartment Communities (MAA) announced a quarterly dividend of $1.0625 per share on its 8.50% Series I Cumulative Redeemable Preferred Stock. This dividend is set to be distributed on March 31, 2023, to shareholders recorded by March 15, 2023. As a self-administered real estate investment trust (REIT) and member of the S&P 500, MAA focuses on delivering robust investment performance across U.S. apartment communities, mainly in the Southeast, Southwest, and Mid-Atlantic regions. Investors are encouraged to review MAA's official filings for potential risks linked to dividend payments, impacted by economic conditions and real estate taxes.
Mid-America Apartment Communities (MAA) reported strong fourth-quarter results for 2022, with diluted earnings per share increasing to $1.67 from $1.60 year-over-year. Funds from operations (FFO) per diluted share rose to $2.12, while core FFO was $2.32, both indicating robust performance. The company achieved a 13.6% increase in property revenues and a 16.8% increase in net operating income (NOI). MAA completed the sale of multifamily properties generating $157.7 million, with an $82.8 million gain. MAA also has six developments underway, with a projected cost of $728.7 million. The company declared a 12% increase in its annual dividend to $5.60 per share.
Mid-America Apartment Communities (MAA) announced the taxable composition of its 2022 distributions paid to shareholders, confirming that no portion will be a return of capital. The distributions include cash payments such as $1.0875 per share in January and April, and $1.2500 in July and October, with significant ordinary taxable distributions (95.0329% of each). For preferred shares (MAA/PI), the cash distribution is $1.06250 per share. The company expects no material change in the taxable composition and encourages shareholders to consult their tax advisors. This information aids those preparing Forms 1099 for dividends.
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?
