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, Inc. (MAA) declared a quarterly dividend of $1.0625 per share for its 8.50% Series I Cumulative Redeemable Preferred Stock. This dividend will be payable on December 31, 2021, to shareholders recorded as of December 15, 2021. MAA operates as a self-administered real estate investment trust (REIT) and is part of the S&P 500, focusing on apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the U.S.
Mid-America Apartment Communities, Inc. (MAA) announced strong operating results for Q3 2021, reporting earnings per share of $0.73, up from $0.52 in Q3 2020. Funds from Operations (FFO) per share increased to $1.85 from $1.58 year-over-year. Same Store Property revenues rose 6.7%, driven by a 6.3% hike in Average Effective Rent. The company maintains a robust development pipeline, with eight properties under construction and total projected costs of $627.5 million. MAA also declared its 111th consecutive quarterly dividend of $4.10 per share, slated for October 29, 2021.
MAA (NYSE: MAA) has announced the release of its third quarter 2021 results, scheduled for October 27, 2021, after market close. A conference call to discuss the results will take place on October 28, 2021, at 9:00 a.m. Central Time. The call will include a review of performance and a Q&A session. Interested participants can join via the provided numbers or through a live webcast on MAA's investor page. The company operates as a real estate investment trust focused on apartment communities in the Southeast, Southwest, and Mid-Atlantic regions.
MAA (NYSE: MAA) has declared a quarterly dividend of $1.025 per share, set for payment on October 29, 2021, to shareholders on record as of October 15, 2021. This decision aligns with MAA's consistent approach, announced prior to their upcoming earnings release expected on October 27, 2021. MAA, a self-administered REIT, focuses on apartment communities in the Southeast, Southwest, and Mid-Atlantic U.S., prioritizing strong investment performance. For more details, visit www.maac.com.
Mid-America Apartment Communities (NYSE: MAA) announced that its CEO, H. Eric Bolton, Jr., will participate in a round table at the Bank of America Securities 2021 Virtual Global Real Estate Conference on September 21, 2021, at 9:45 a.m. ET. A live webcast of the presentation will be available on MAA's investor page and can be accessed here. The replay will be accessible within 24 hours and remain available until December 22, 2021.
On September 1, 2021, Mid-America Apartment Communities, Inc. (MAA) declared a quarterly dividend of $1.0625 per share on its 8.50% Series I Cumulative Redeemable Preferred Stock. This dividend will be payable on September 30, 2021, to shareholders recorded on September 15, 2021. MAA is a self-administered real estate investment trust operating in the apartment sector across the Southeast, Southwest, and Mid-Atlantic regions of the U.S.
Mid-America Apartment Communities, Inc. (MAA) announced a $600 million offering of senior unsecured notes, including $300 million due in 2026 at 1.100% and $300 million due in 2051 at 2.875%. The 2026 notes priced at 99.553% and the 2051 notes at 98.588%. Expected closing is on August 19, 2021. Proceeds will repay upcoming debt maturities, including a partial redemption of $250 million of 3.375% notes maturing in December 2022, alongside other corporate purposes. The offering is managed by J.P. Morgan, Wells Fargo, Citigroup, PNC, and U.S. Bancorp.
Mid-America Apartment Communities, Inc. (MAA) announced the pricing of a public offering of 1,100,000 shares of common stock, projected to generate approximately $212 million in gross proceeds. The offering is part of forward sale agreements with J.P. Morgan and Wells Fargo. MAA will not initially receive proceeds from this sale but plans to allocate any future net proceeds to its operating partnership for development, working capital, and corporate purposes. The offering is set to close on August 5, 2021.
Mid-America Apartment Communities, Inc. (MAA) announced a public offering of 1,100,000 shares of common stock. This offering is linked to forward sale agreements with J.P. Morgan and Wells Fargo. MAA will not initially receive proceeds from this offering, which is expected to settle by February 2, 2023. Any future proceeds will support development, redevelopment, and general corporate purposes, including debt repayment. A registration statement is in effect and offering details are available via the SEC.
Mid-America Apartment Communities (MAA) reported strong second quarter results for 2021, with diluted earnings per share of $1.88, compared to $0.65 in 2020. Funds from operations (FFO) per share increased to $1.84 from $1.71. The company's Same Store Portfolio saw property revenues rise by 4.7%, driven by a 3.1% increase in Average Effective Rent per Unit. MAA's occupancy rate improved to 96.4%. The company declared its 110th consecutive quarterly dividend at an annual rate of $4.10. MAA expects continued growth, raising its earnings outlook for the year.
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?
