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) 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.
Mid-America Apartment Communities, Inc. (MAA) reported strong first-quarter 2022 results, with diluted earnings per share of $0.95, up from $0.40 in 2021. Funds from operations (FFO) per share increased to $2.06, up from $1.50. Same Store Portfolio property revenues rose by 12.2%, while net operating income (NOI) grew by 16.9%. MAA continues to see high demand for apartments, leading to strong rent growth and occupancy rates. The company projects a Core FFO of $1.97 per share for Q2 2022 and has updated its 2022 guidance, expecting increased earnings and revenue growth across its portfolio.
MAA (NYSE: MAA) will release its first quarter 2022 financial results on April 27, 2022, after market close. A conference call to discuss the results is scheduled for April 28, 2022, at 9:00 a.m. Central Time. During the call, executives will review performance and answer questions. The call can be accessed at (877) 830-2598 domestically or +1 (785) 424-1877 internationally, using Conference ID: MAA. A replay will be available from April 28 to May 12, 2022. A webcast will also be accessible via the company's website.
MAA (NYSE: MAA) has declared a quarterly dividend of $1.0875 per share to be paid on April 29, 2022. Shareholders of record on April 14, 2022 will receive this payment. This announcement comes ahead of MAA's earnings report scheduled for April 27, 2022. MAA is a self-administered real estate investment trust (REIT) focused on apartment communities in the Southeast, Southwest, and Mid-Atlantic U.S., aiming for strong investment performance.
MAA (NYSE: MAA) is set to present at the 2022 Citi Global Property CEO Conference on March 9, 2022, at 9:45 a.m. Eastern Time. Eric Bolton, Jr., Chairman and CEO, will provide a company overview, followed by a Q&A session on market conditions and MAA's guidance. The presentation will last about 35 minutes. A live webcast will be available on MAA's website and replay access will follow the event. MAA is a leading REIT focusing on apartment communities in the 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 March 31, 2022, to shareholders recorded as of March 15, 2022. MAA, a member of the S&P 500, focuses on apartment communities across the Southeast, Southwest, and Mid-Atlantic regions, aiming for strong investment performance.
Mid-America Apartment Communities, MAA (NYSE: MAA), reported strong Q4 and full-year 2021 results with earnings per share increasing to $1.60 from $0.72 year-over-year. Funds from Operations (FFO) per share rose to $2.01, reflecting a 12.1% increase in net operating income (NOI). Property revenues grew by 9.3% driven by a 10.1% rise in average effective rent. The company affirmed its BBB+ credit rating with a positive outlook and announced a 6.1% dividend increase. For 2022, MAA projects earnings per share between $4.87 and $5.23, and expects property revenue growth of 8% to 10%.
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