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.
MAA (NYSE: MAA) announced the retirement of Thomas L. Grimes, Jr., Executive Vice President and COO, effective December 31, 2022. Grimes has been with MAA for over 20 years and has contributed significantly to its growth since its IPO in 1994. Amber Fairbanks has been promoted to Executive Vice President of Property Management, taking on new responsibilities, while Tim Argo will lead Asset Management operations. CEO Eric Bolton expressed confidence in the new leadership team's capability to maintain MAA's strong portfolio and growth potential across key markets.
MAA (NYSE: MAA) will release its third quarter 2022 results on October 26, 2022, after market close. A conference call to discuss the performance will take place on October 27, 2022, at 9:00 a.m. Central Time. Interested parties can join the call by dialing (877) 830-2598 for domestic or +1 (785) 424-1877 for international calls, with the Conference ID being MAA. A replay will be available until November 10, 2022, and a live webcast can be accessed on the Company's website.
MAA announced a quarterly dividend of $1.25 per share, payable on October 31, 2022, to shareholders of record by October 14, 2022. This declaration was made ahead of MAA's earnings announcement scheduled for October 26, 2022. As a self-administered real estate investment trust (REIT) and a member of the S&P 500, MAA is focused on apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the U.S.
MAA (NYSE: MAA) will participate in the Bank of America 2022 Global Real Estate Conference on September 14, 2022, at approximately 2:10 p.m. Eastern Time. A live webcast will be available on MAA's website in the "Corporate Profile" section. The replay will be accessible within 24 hours after the event, until December 13, 2022. MAA is a self-administered real estate investment trust (REIT) focusing on apartment communities mainly in the Southeast, Southwest, and Mid-Atlantic U.S.
Mid-America Apartment Communities, Inc. (MAA) has declared a quarterly dividend of $1.0625 per share on its 8.50% Series I Cumulative Redeemable Preferred Stock. This dividend is payable on September 30, 2022, to shareholders of record as of September 15, 2022. The company operates as a self-administered REIT and is part of the S&P 500, focusing on apartment communities mainly in the Southeast, Southwest, and Mid-Atlantic U.S. regions.
Mid-America Apartment Communities (MAA) reported strong second-quarter 2022 results, with diluted earnings per share at $1.82, down from $1.88 in 2021. Funds from operations (FFO) per share remained steady at $1.82. Core FFO increased to $2.02 from $1.69 year-over-year. Same Store Portfolio revenue rose by 13.7%, while operating expenses grew by 8.1%, leading to a 17.1% increase in Net Operating Income (NOI). MAA declared its 114th consecutive quarterly dividend, increasing the annual rate by 15%. The company also amended its credit facility to enhance borrowing capacity to $1.25 billion.
MAA (NYSE: MAA) has announced that it will release its second quarter 2022 results on July 27, 2022, after market close. A conference call to discuss the results will take place on July 28, 2022, at 9:00 a.m. Central Time. Interested parties can join the call via a domestic number (877) 830-2598 or an international number +1 (785) 424-1877. The call will include a question-and-answer session. A replay will be available until August 11, 2022. Further details can be found on their website.
Mid-America Apartment Communities (NYSE: MAA) will present at the Nareit REIT Week: 2022 Investor Conference on June 7, 2022, from 9:30 a.m. ET to 10:00 a.m. ET. Chairman and CEO Eric Bolton, along with the senior management team, will lead the presentation. The event will be webcast live, and attendees can access the materials through MAA's website. MAA is a prominent real estate investment trust that operates primarily in the Southeast, Southwest, and Mid-Atlantic regions of the U.S., focusing on strong investment performance.
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. The dividend is scheduled for payment on June 30, 2022, to shareholders on record as of June 15, 2022. MAA, a self-administered real estate investment trust (REIT) and S&P 500 member, focuses on delivering strong investment performance in apartment communities predominantly located in the Southeast, Southwest, and Mid-Atlantic regions of the U.S.
MAA (NYSE: MAA) has announced a quarterly dividend payment of $1.25 per share, reflecting a 15% increase from the previous dividend. This increase raises the annualized dividend payout to $5.00 per share, up by $0.65. Shareholders of record on July 15, 2022, will receive this payment on July 29, 2022. The dividend declaration precedes MAA's upcoming earnings announcement scheduled for July 27, 2022.
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